The Rs 600 crore-initial public offering (IPO) of Laxmi Organic Industries witnessed a robust subscription and investors will now focus on the share allotment which is likely to be finalised today.

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The IPO of the specialty chemicals company was subscribed 106.74 times during March 15-17, primarily led by retail investors and QIBs. The issue received bids for 347.51 crore shares against a total offer of 3.25 crore shares.

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Laxmi Organics IPO subscribed 106 times on final day of bidding

The issue comprised of a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore by promoter Yellow Stone Trust. The fresh issue proceeds will be utilised towards fluorospecialty chemicals facility, SI manufacturing facility and the company's working capital requirements.

Investors can check their allotment status on the issue's registrar Link Intime India's website as well as on BSE.

Here's how to check allotment status:

On BSE

- On the official BSE website, click on the Application Check link or click here.

- Select 'equity' as an issue type and select 'Laxmi Organic Industries Ltd' from the drop-down list.

- Insert your application number and PAN and press 'enter'.

- Prove that you are a human by clicking on the check box and click on the 'search' button.

On the Registrar's website

- Open Link Intime India's website by clicking here.

- From the list, select the IPO name.

- Choose one from the application number, client ID, or PAN.

- If you are selecting the application number, select the application type from ASBA or Non-ASBA, then enter the application number.

- If you are selecting DP or Client ID, select your depository and enter the ID.

- Enter the 'captcha' and hit 'submit'.

If you don't get shares, then the amount will be refunded to your bank account. According to the company prospectus, it will unblock funds from ASBA account around March 23 and will credit shares to the eligible investors around March 24. The trading in shares will commence from around March 25.