Lakshya Powertech IPO Allotment: Did You Strike Gold?

The Lakshya Powertech IPO, which concluded on October 18, 2023, witnessed unanticipated enthusiasm from investors, leaving many hopeful for a favourable allotment. If you were among the lucky ones who applied, here's a step-by-step guide to check your fate:
When will the allotment be announced?
Typically, IPO allotments are finalized within a week of the issue closure, so you can expect the Lakshya Powertech allotment status by October 25, 2023.

Methods to Check Allotment Status:

Official Website of the Registrar (Kfin Technologies):

- Visit https://kfintech.com/ipostatus/
- Select 'Lakshya Powertech IPO' from the drop-down menu
- Enter your PAN number and application number
- Click on 'Submit'

Website of Your Broker:

- Log in to your brokerage account
- Navigate to the 'IPO' section
- Select 'Lakshya Powertech'
- View your allotment status

What if You're Alloted Shares?

Congratulations! You have the privilege of owning a piece of Lakshya Powertech. The shares will be credited to your Demat account by October 27, 2023. You can then trade these shares in the stock market.

What if You're Not Alloted Shares?

Don't despair just yet. If you weren't allotted any shares, the funds you invested will be refunded to your bank account within 2-3 working days after the allotment.

Additional Tips:

- Keep an eye on official sources for the latest updates on the allotment.
- If you face any difficulties, don't hesitate to contact your broker or the registrar for assistance.
- Remember that IPO allotment is a game of luck, so even if you weren't successful this time, don't give up! There will be plenty of other opportunities in the future.