Lakshya Powertech Limited IPO
NSE SMEListed On: Oct 23, 2024 at ₹ 342.0
₹ 288000 /1600 Shares
*Min Investment
16 Oct, 2024
Open Date18 Oct, 2024
Close Date21 Oct, 2024
Allotment Date23 Oct, 2024
Listing DateLakshya Powertech IPO Issue Details
- Issue Price ₹171-180 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 27,72,800 shares(aggregating up to ₹49.91 crore)
- Fresh Share 27,72,800 shares(aggregating up to ₹49.91 crore)
- Listing at NSE SME
- List Price 342.0
- Listing Date 2024-10-23
- Lead Manager GYR Capital Advisors Private Limited
- Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 800 | ₹1,44,000 |
| Retail(max) | 1 | 800 | ₹1,44,000 |
| NII (min) | 2 | 1,600 | ₹2,88,000 |
Lakshya Powertech IPO Reservation
Lakshya Powertech IPO offers total 2,780,800 shares. Out of which 524,800 (18.87%) allocated to QIB, 396,000 (14.24%) allocated to NII,896,000 (32.22%) allocated to RII, NA (NA%) allocated to employees and 744,000 (26.75%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 744,000 (26.75%) | |
| Market Maker Shares Offered | 148,000 (5.32%) | |
| QIB Shares Offered | 524,800 (18.87%) | |
| NII (HNI) Shares Offered | 396,000 (14.24%) | |
| Retail Shares Offered | 896,000 (32.22%) | |
| Total Shares Offered | 2,780,800 (100%) |
Lakshya 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 Analysis And 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
Lakshya Powertech Company Financials
| 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 Lakshya Powertech 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)
Mr. Rajesh Anne
Mrs. Priya Bandhavi Anne
Pre Issue Share Holding : 96.84%
Post Issue Share Holding : %
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.
Lakshya Powertech IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Lakshya Powertech Limited | 21.75 | 21.75 | 43.41 | 49.4 | 15.84 | 4.19 | Standalone |
| Asian Energy Services Limited | 6.64 | 6.48 | 68.35 | 53.56 | 9.19 | 5.22 | Standalone |
| Engineers India Ltd. | 7.92 | 7.92 | 43.41 | 23.86 | 19.74 | 4.4 | Standalone |
Notes:
- P/E figures for the peers are based on closing market prices of equity shares on BSE and NSE on March 31, 2024, divided by the Basic EPS as of March 31, 2024.
- Basic and Diluted EPS refers to those sourced from the Annual Reports for FY 23-24 listed peer companies.
- PAT Margin (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2024, divided by Revenue from operations as of March 31, 2024.
- Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2024, divided by Total Equity as of March 31, 2024.
- NAV per share for listed peers is computed as the Total Equity as of March 31, 2024, divided by the outstanding number of equity shares as of March 31, 2024.
Contact Details
Lakshya Powertech
A-620 & 621 Siddhivinayak Tower - A, B/H DCP Office, Off. S.G. Highway, Makarba, Jivraj Park, Ahmedabad - 380051
+91 9898577752
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Lakshya Powertech Limited IPO is 2,772,800 shares(aggregating up to ₹49.91 Cr).
Ans. The Lakshya Powertech Limited IPO price band is set between ₹171-180 per equity share.
Ans. To apply for Lakshya Powertech Limited 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 Lakshya Powertech Limited IPO allotment status online.
