How To Apply For Laxmi Organics IPO?

When a new IPO comes into the share market, the first query every trader and investor has is about the applying process. With Laxmi Organics IPO opening soon, many of you might be looking for how to apply for Laxmi Organics IPO, right?

We got you covered, Jack!

Before learning the process of applying for an IPO, let us first understand what IPO is.

IPO or Initial Public Offering is the method that a company uses to get its shares listed on a stock exchange. It is the process where a private company goes public, and its shares can be traded in the secondary market.

Having understood the definition of IPO, let us discuss the process to apply for Laxmi Organics IPO.

Let’s get started with the first pre-requisite, i.e., having an active demat account without further ado. The process can be done online or offline. We will talk about both of these in the upcoming section.

How To Apply For Laxmi Organics IPO Online?

With the digitalization of various processes globally, even traders and investors have switched to executing all their trading activities online. Thus, the online process to apply for an IPO comes in handy to all of them.

There are two ways you can subscribe to an IPO online. They are:

• ASBA (Application Supported by Blocked Amount) Method
• UPI (Unified Payment Interface) Method

In the upcoming sections, we will talk about both of them in detail.

---

How To Apply For Laxmi Organics IPO Using ASBA?

Before you move forward to listing the step by step process to apply for Laxmi Organics IPO using ASBA, you should understand the concept of ASBA.

ASBA stands for Application Supported by Blocked Amount. It is commonly used by traders and investors to apply for an upcoming IPO, and the application is backed by a blocked amount in your bank account.

For this method to work, SEBI has approved a long list of banks. There are more than 65 banks like State Bank of India, Citi Bank, Axis Bank, HDFC Bank, ICICI Bank, Union Bank of India, and many more that have been approved.

The list of these banks can be checked on the official website of SEBI. Since the banks meet predefined eligibility criteria to be a part of this list, the investors and traders are also required to abide by their standards.

The points of eligibility are as follows:

• The applicant should apply via an approved bank on the ASBA list.
• The maximum investment amount for the IPO is ₹2 Lakhs.
• The applicant should have an active demat account.
• The applied securities should be retained in a demat account by the investor or trader. Moreover, the application is to be for the dematerialized form of the securities.
• The IPO application should be made under the normal category, i.e., the application should not be under any reservation provided by the company.

Now, we should move ahead to learning the process to apply for Laxmi Organics IPO.

The ASBA method blocks an amount corresponding to the expected price of the shares as the bank account pays on your behalf before the allotment process is concluded.

The amount is unblocked or debited once the allotment has been made.

Here, if you make it to the allotment list, the amount is debited. On the other hand, if the shares are not allotted to you, the amount is unblocked by the bank and can be utilized as per your requirements.

After the amount is debited, the shares are credited to your demat account in a day or two.

Now that we understand the complete process, here is a list of the steps you need to follow to apply for Laxmi Organics IPO using ASBA online:

• Open the official website of the bank you are associated with.
• Log on to the net banking portal of the bank.
• Once you log in, on the dashboard, look for the Request button in the menu.
• Click on it.
• You will be redirected to the IPO application page with the list of all open IPOs.
• Select the IPO you wish to apply for and click on it.
• Fill in the IPO application form with the mandatory details like bank account details, depository details, etc. 
• Cross-check the application information.
• Click on the Submit button for further processing.

As the application is submitted, the amount is automatically blocked in the bank account mentioned. This process can also be done offline (to be discussed in the upcoming section).

Prior to that, let us discuss the other way to apply for Laxmi Organics IPO online.

---

How To Apply For Laxmi Organics IPO Through UPI?

The application here takes place via the trading platform of the stockbroker you have a demat account with. Another difference between both of them is the payment mode. In this section, we will discuss this procedure in detail.

The steps to apply for Laxmi Organics IPO through UPI are as follows:

• The first step to make a payment through UPI is to download a UPI mobile application from the App Store of your mobile device.
• Then, register yourself at the bank by entering your bank details.
• As the registration concludes, a UPI ID will get generated for easy payments.
• Now, open the broker’s trading platform and fill the IPO application form.
• In the payment section, enter the UPI ID generated at the time of registration.
• Once the form is submitted, you receive a process request in the UPI ID to block the corresponding amount.
• Approve the request on the application.

With the approval, the amount will be blocked in your bank account till the allotment process concludes.

This payment mode was approved by the regulatory body – SEBI after it became popular among Indian citizens.

Now, let us divert the focus of discussion towards the process to apply for Laxmi Organics using ASBA offline.

---

How To Apply For Laxmi Organics IPO Offline?

Although the world has been digitized for all the possible aspects, many individuals still prefer it the old school way. In the same way, even though the complete process has been made hassle-free online, many traders and investors apply for an IPO offline.

Are you one of those and want to learn how to apply for Laxmi Organics IPO offline?

Stay with us!

The offline process comes under the ASBA method and is pretty simple and straightforward. The process starts with you visiting the nearest branch of your bank to apply for an upcoming IPO.

You have to fill the form and submit the application in person along with a cheque. Some information you should keep handy is:

• Demat Account Number
• PAN Card Number
• Bank Account Number
• Bid Quantity
• Bid Price

After the form is filled and submitted to the corresponding bank executive, it is processed through the designated bank portal.

Note – Do not panic in advance as the process is just as easy as it is written here.

With the application process sorted, you must be looking for the important dates, right?

Here is everything you must know!

---

Laxmi Organics IPO Issue Date

No one wants to miss out on the desired IPO just because they could not keep a track of their opening and closing dates. Thus, here is a list of all the important dates:

 

Since your curiosity about Laxmi Organics IPO has been peaked by now, we will also brief you about its price.

---

Price of Laxmi Organics IPO

Any IPO has a few important prices that are fixated by the company and some are expected to be finalized after the IPO shares are listed on the stock exchanges.

The IPO size of Laxmi Organics is ₹600 Cr, out of which, the fresh issue is for ₹300 Cr and the rest is under the category of the offer for sale. The price band according to the company is ₹129 – ₹130 per share.

---

Should You Invest In Laxmi Organics IPO?

There is a wide range of aspects an investor or trader considers while applying for an IPO. We expect that the IPO is worth investing as the capital raised is partly to expand their operations and the rest is to pay off some debt of the organization.

Since the company is looking forward to growing in operations and manufacturing, it is an option worth considering. Moreover, it is the only company that manufactures Diketene Derivatives.

But, this prediction is not backed by an in-depth analysis of the company. Thus, before you take a call on investing in this IPO, make sure you do a proper analysis of the company’s financials to make a calculated decision.

---

Want to invest in Laxmi Organics IPO, apply now by opening a demat account for free.

 

More on Upcoming IPO 2021