Lakshya Powertech Limited IPO
NSE SMEListed On: Oct 23, 2024 at ₹ 342.0
₹ 144000 /800 Shares
Check Allotment16 Oct, 2024
Open Date18 Oct, 2024
Close Date21 Oct, 2024
Allotment Date23 Oct, 2024
Listing DateIssue Price
₹171-180 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Kfin Technologies LimitedList Price
342.0Listing Date
2024-10-23Market Lot
800 Shares (₹144,000/-)Lead Manager
GYR Capital Advisors Private LimitedIssue Size
2,772,800 shares(aggregating up to ₹49.91 Cr)Retail Portion
35%Subscription
575.89 timesLakshya Powertech IPO Details
Lakshya Powertech Limited IPO is an SME IPO, priced at ₹171-180 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 27,72,800 equity shares, aggregating up to ₹49.91 crores..
The IPO bidding window is open from Oct 16, 2024 to Oct 18, 2024. The allotment is expected to be finalized on Oct 21, 2024, and the tentative listing date is Oct 23, 2024.
The minimum lot size for retail investors is 800 shares, with a minimum investment of ₹1,44,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,88,000.
GYR Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.
Lakshya Powertech IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 524,800 / 396,000 | 896,000 | 1,898,800 |
| Day 1 - 16-10-24 06:00 PM | 1.39 / 63.75 x | 97.34 x | 60.20 x |
| Day 2 - 17-10-24 06:00 PM | 12.78 / 206.78 x | 255.38 x | 168.09 x |
| Day 3 - 18-10-24 06:00 PM | 215.46 / 1118.14 x | 590.29 x | 575.89 x |
Lakshya Powertech Valuations
EPS Pre IPO
₹21.44/-EPS Post IPO
₹14.21/-P/E Pre IPO
8.39P/E Post IPO
12.67ROE
16%ROCE
13.41%Debt/Equity
0.83RoNW
15.84%PAT Margin
10.33Price to Book Value
3.49Lakshya Powertech Company Financials All values are in ₹ Lakh
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 8,246.31 | 3,334.85 | 1,758.89 |
| Revenue | 14,941.92 | 5,311.21 | 3,421.39 |
| Profit After Tax | 1,495.24 | 271.09 | 104.58 |
| Net Worth | 3,173.71 | 660.98 | 389.89 |
| Reserves & Surplus | 2,442.6 | 650.98 | 379.89 |
| Total Borrowing | 2,900.04 | 1,448.67 | 590.43 |
About The Company
Established in 2012, Lakshya Powertech Limited started as an engineering consultancy firm, specializing in mechanical and electrical services. The company soon expanded from freelance power generation consultancy into operations and maintenance (O&M) for gas-fired power plants and large power generation projects.
The company diversified into the oil and gas sector to expand its services and strengthen its position in the industry. It marked the global reach of the company with the EPC contract in the renewable energy sector in Malaysia and growth in oil and gas plant maintenance and repair.
The services of Lakshya Powertech can be categorized into four main areas: (i) Engineering, Procurement, Construction, and Commissioning; (ii) Integrated Operation and Maintenance Services; (iii) Specialty Services.
The company has successfully executed more than 138 projects with the major projects completed amounting to approximately Rs. 13690.68 lakhs.
The company had 912 employees on its payroll as of May 31, 2024.
Lakshya Powertech - Promoter(s)
Pre Issue Share Holding: 96.84%
Post Issue Share Holding: %
- Mr. Rajesh Anne
- Mrs. Priya Bandhavi Anne
Lakshya Powertech IPO - Issue Objectives
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
- Funding working capital requirements of the Company
- General Corporate Purposes.
Other Details
Lakshya Powertech
A-620 & 621 Siddhivinayak Tower - A, B/H DCP Office, Off. S.G. Highway, Makarba, Jivraj Park, Ahmedabad - 380051Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: Lakshya.ipo@kfintech.com
Lakshya Powertech IPO - FAQs
Ans. Lakshya Powertech Limited IPO is a SME IPO. The issue is priced at ₹171-180 per equity share. The minimum order quantity is 800 Shares. The IPO opens on Oct 16, 2024, and closes on Oct 18, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Lakshya Powertech Limited IPO opens on Oct 16, 2024 and closes on Oct 18, 2024.
Ans. The size of Lakshya Powertech Limited IPO is 2,772,800 shares(aggregating up to ₹49.91 Cr).
Ans. The IPO price band is set between ₹171-180 per equity share.
Ans. To apply for Lakshya Powertech Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Lakshya Powertech Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Lakshya Powertech Limited IPO is Oct 21, 2024.
Ans. The Lakshya Powertech Limited IPO will be listed on Oct 23, 2024.
Ans. Follow the steps to check the allotment status for Lakshya Powertech Limited IPO here.
