Lakshya Powertech IPO:If you are thinking of betting on an Initial Public Offering (IPO), then there are many opportunities coming for you next week. One of these is an SME IPO. It has tremendous demand in the grey market. We are talking about Lakshya Powertech Ltd IPO. Lakshya Powertech IPO is opening for subscription from October 16. Investors will be able to bet on this issue till October 18. Its target price has been fixed at Rs 180. Let us tell you that the company's shares are already in strong demand in the grey market.

what is the detail

Lakshya Powertech plans to raise ₹49.91 crore through its IPO. Lakshya Powertech IPO consists of a fresh issuance of 27.73 lakh shares. The price band of Lakshya Powertech IPO has been fixed at ₹171 to ₹180 per share. Retail investors can apply for the public issue by bidding for a minimum lot size of 800 shares, with a total investment of ₹1,44,000 at the upper end of the price band. On the other hand, the minimum lot size investment for HNIs is 2 lots or 1,600 shares, amounting to ₹2,88,000.

what is the detail

Lakshya Powertech's IPO share allotment status is expected to be finalized on Monday, October 21. The company's shares will be listed on the NSE SME platform Emerge. The likely listing date is Wednesday, October 23. According to Investorgain.com, the company's shares are available at a premium of Rs 135 in the grey market. This means that the stock may be listed at Rs 315. That is, there is a possibility of about 75% profit on the very first day.