Lakshya Powertech Limited IPO
Lakshya Powertech Limited IPO Details
Issue Open | 16 October 2024 |
Issue Close | 18 October 2024 |
IPO Price | ₹171 to ₹180 per equity share |
Face Value | ₹10 per equity share |
IPO Size | ₹49.91 Cr. |
Listing At | NSE, SME |
IPO Lot Size | 800 Shares |
IPO Investor Categories
- Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large, financially investors, such as the mutual funds, insurance companies, pension funds, & hedge funds, who are considered to have the expertise and resources to evaluate investment opportunities. QIBs must meet certain financial criteria set by the Securities and Exchange Board of India (SEBI) to participate in an IPO. They are allowed to bid for shares at a price lower than the price at which shares are offered to retail investors.
- Non-Institutional Investors (NII) - Non-Institutional Investors (NIIs), on the other hand, are typically individual investors, High Net Worth Individuals (HNIs), or corporate bodies who do not meet the financial criteria to be classified as QIBs. They are allowed to participate in an IPO at the same price as retail investors.
NII category has two subcategories:
1. sNII -
"sNII" stands for "Small Non-Institutional Investor." This
subcategory includes investors who have bid for shares worth between Rs. 2
lakhs and Rs. 10 lakhs in an IPO.
2. bNII -
"bNII"
stands for "Big Non-Institutional Investor." This subcategory
includes investors who have bid for shares worth more than Rs. 10 lakhs in an
IPO.
- Retail
Individual Investors (RII) - Retail Individual Investors (RIIs) are
individual investors who apply for shares worth up to Rs. 2 lakhs in an IPO to
encourage retail participation in the IPO process.
- Employee (EMP)- The Employee (EMP) category in an IPO is reserved for the employees, directors, and business associates of the issuer company, and the allocation of shares to this category is determined by the issuer company and the lead manager of the IPO.
- Others-
A category of eligible
shareholders or other investors with a reserved IPO quota.
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