Lakshya Powertech IPO
Open SmeCurrent GMP
₹170 (+94.44%)
Price Band
₹ 171 – 180
Lot Size
800
Issue Size
₹49.91 Cr
Minimum Investment
₹288000 (1600 Shares)
Listing Date
23 October 2024
Subscription
575.79x
About the Company
Founded in 2012, Lakshya Powertech Limited began as an engineering consultancy specializing in mechanical and electrical services. Initially focused on power generation, company expanded into operations and maintenance (O&M) for gas power generation, and later diversified into oil and gas, renewable energy, and industrial sectors. Company's global footprint includes projects in Malaysia, where it entered the renewable energy sector, and ongoing operations in oil and gas facilities.
The company operate in four key sectors: Oil and Gas, Power, Renewable Energy, and Industrial, with services organized into four main divisions: Engineering, Procurement, Construction & Commissioning (EPCC), Integrated Operation & Maintenance Services, Special Services, and Trading.
Lakshya Powertech Limited has completed over 138 projects, with a value of approximately ₹13,690.68 Lakhs, and currently has 44 major ongoing projects worth ₹42,141.74 Lakhs. Company's data centre operations are based in Mumbai and Pune.
Promoters
Company's promoters.
- Mr. Rajesh Anne
- Mrs. Priya Bandhavi Anne
Promoters Holding
Holding Pre Issue
96.84%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company
2. Funding working capital requirements of our Company; and
3. General Corporate Purposes.
Address / Contact Info
Lakshya Powertech Limited
A-620 & 621 Siddhivinayak Tower - A,
B/H DCP Office, Off. S.G. Highway,
Makarba, Jivraj Park, Ahmedabad,
Gujarat-380051, India
Phone: +91 9898577752
Email: investor@lakshyapowertech.com
Website: https://www.lakshyapowertech.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 16 October 2024
IPO Close Date
Friday, 18 October 2024
Basis of Allotment
Monday, 21 October 2024
Initiation of Refunds
Tuesday, 22 October 2024
Credit of Shares to Demat
Tuesday, 22 October 2024
Listing Date
Wednesday, 23 October 2024 — NSE & BSE
Important Dates
Open Date
16 October 2024
Close Date
18 October 2024
Basis Of Allotment
21 October 2024
Listing Date
23 October 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 8246.31 | 3334.85 | 1758.89 |
| Revenue | 14941.92 | 5311.21 | 3421.39 |
| Profit After Tax | 1495.24 | 271.09 | 104.58 |
| Net Worth | 3201.18 | 660.98 | 389.89 |
| Reserve & Surplus | 2370.07 | 650.98 | 379.89 |
| Total Borrowings | 2900.04 | 1448.67 | 590.43 |
EPS Pre
21.44%
EPS Post
14.21%
P/E Pre
8.39
P/E (Post Issue)
12.67x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of August 31, 2024. |
|---|---|
| ROE % | 16 |
| ROCE % | 13.41 |
| Debt / Equity | 0.83 |
| RoNW % | 15.84 |
| PbW | 3.49 |
| Pat Margin % | 10.33 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 744000 | 26.83 | 0 |
| Market Maker | 148000 | 5.34 | 0 |
| Qualified Institutions | 516800 | 18.64 | 0 |
| Non-Institutional | 396000 | 14.28 | 0 |
| Retail Investors | 896000 | 32.31 | 0 |
| Employees | 72000 | 2.6 | 0 |
| Total | 2772800 | 100 | 0 |
Subscription Status ( Fri, 18 Oct 24 11:32 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 516800 | 111351200 | 215.46x |
| Non-Institutional | 396000 | 442772000 | 1118.11x |
| Retail Investors | 896000 | 528715200 | 590.08x |
| Employees | 72000 | 111200 | 1.54x |
| Total | 1880800 | 1082949600 | 575.79x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | 144,000.00 |
| Retail (Max) | 1 | 800 | 144,000.00 |
| S-HNI (Min) | 2 | 1,600 | 288,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- GYR Capital Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Lakshya Powertech IPO is a Book-building IPO worth ₹49.91 crores. The price band is ₹171 to 180 per share. The IPO opens on Wed, Oct 16, 2024 and closes on Fri, Oct 18, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Lakshya Powertech IPO opens on Wed, Oct 16, 2024 and closes on Fri, Oct 18, 2024
Lakshya Powertech IPO Price Band is ₹171 to 180.
Lakshya Powertech IPO lot size is 800, and the minimum amount required for application is ₹288000.
The minimum investment for Lakshya Powertech IPO is approximately ₹288000 based on the upper price band.
To apply for the Lakshya Powertech IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Oct 18, 2024. After submission, funds are blocked until the basis of allotment of Lakshya Powertech IPO is finalised.
Lakshya Powertech IPO issue size is ₹49.91 crores.
Lakshya Powertech IPO allotment date is Sat, Jun 27, 2026.
The registrar for Lakshya Powertech IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Lakshya Powertech IPO through their official website or helpline.
The Lakshya Powertech IPO GMP (Grey Market Premium) is ₹170 as of Wed, Oct 23, 2024. Based on the upper price band of ₹180 per share, the estimated Lakshya Powertech IPO listing price is ₹350, indicating a potential listing gain of approximately 31% over the issue price.