Laxmi Organics IPO will be open from 15th March and will close on 17th March 2021. It will have a price band of Rs.129 to Rs.130 per equity share. A minimum lot size consists of 115 shares.
The IPO allotment status will be finalised around March 22.
Axis Capital and DAM Capital Advisors have been appointed as the book-running lead managers to the issue.
Once the allotment status is finalized, you can check your status on Groww, if you had applied for this IPO on our platform. Here are the steps:-
Step 1: Open the Groww App, scroll down the homepage to see the ‘IPOs’ section.
Step 2: Click on IPOs. On the next page click on the ‘Status’ tab next to the Laxmi Organics IPO (or any other IPO you had applied for). The status tab will not be visible if you have not applied for the IPO.
Step 3: If you have received the allotment in the IPO, ‘Allotted’ will be written next to your application number. Or else, the status will show as ‘Rejected’. It will show as ‘Approved’ till the allotment is finalized. The IPO status will show as ‘Requested’ till you approve the mandate on your UPI app. Please note it takes up to 24 hours to receive the mandate.
Link Intime India Private Limited, is the registrar to the IPO.
Steps to check Laxmi Organics IPO Share Allotment Status on Registrar website Linkintime :
You can also check on NSE by doing a one-time registration.
How do I know if I have received Laxmi Organics Allotment or not?
We have discussed the steps to know about Laxmi Organics allotment.
What happens to the IPO amount in my bank account?
After applying for an IPO, the required amount is blocked for use from your account. Hence the money is still showing in your balance but is blocked for use.
How are the Laxmi Organics shares being allotted?
If Laxmi Organics is oversubscribed, the shares will be distributed proportionately among investors so that each investor gets a minimum of one lot. This is done on a lottery basis, so there cannot be a guarantee that you will get the shares. It is possible that few investors do not get any shares at all, in case of over-subscription.
Will my money come back if I don’t get Laxmi Organics IPO allotment?
If you don’t get the allotment in Laxmi Organics IPO, the amount will be unblocked, and you will be able to use the amount in your bank account.
When will Laxmi Organics IPO get listed?
Laxmi organics shares will get listed on BSE and NSE on March 25, 2021.(TENTATIVE)