Is there an investment opportunity in PSP Projects shares?
Is this the right time to invest in the shares of PSP Projects, a company that does construction work for the government and corporate India? How much benefit will there be from investing in this stock? What targets are experts giving regarding this stock? Watch this video to know-
Shares of speciality chemicals manufacturer Laxmi Organic Industries are likely to be listed on the BSE and NSE on March 25. The initial public offer of the company got subscribed 106 times on the last day of the offer.
The issue received bids for 3,46,29,37,270 shares as against 3,25,58,138 shares on offer, as per data available with the NSE. The category meant for qualified institutional buyers (QIBs) was subscribed over 120 times, non-institutional investors 120 times and retail individual investors (RIIs) by over 20 times. The company had fixed a price band of Rs 129-130 per share.
In the grey market shares of Laxmi Organic were trading at a premium of Rs 65-70.
The initial public offer (IPO) aggregating up to Rs 600 crore comprises a fresh issue of up to Rs 300 crore and an offer for sale of up to Rs 300 crore. Net proceeds from the issue including pre-placement will be utilised for setting up a manufacturing facility for fluorospecialty chemicals, working capital requirements, purchase of plant and machinery and upgrading existing units. In addition, funds would be used for pre-payment or repayment of all or a portion of certain outstanding, besides general corporate purposes.
Registrar’s website
Go to the website of the IPO registrar, Link Intime India or click on https://linkintime.co.in/IPO/public-issues.html
Select IPO (Laxmi Organics Industries)
Then, select one of the options: In case you select the application number, choose NON-ASBA or ASBA and enter the application number.
In case of DPID/Client ID, select NSDL/CDSL and enter DPID.
In case of PAN, enter the PAN Number.
Enter the captcha
Click on the Submit button to know the IPO share allocation status.
Check IPO allotment through BSE website
Go to BSEIndia.com or click
Click on investors > Status of Issue Application > Application Status Check
Select issue type (equity) and Issue Name (Laxmi Organics Industries).
Enter the application number and PAN Number.
Click on the search button to know the IPO allotment status.