Lakshya Powertech IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 16 Oct 2024
Close Date
Fri, 18 Oct 2024
Price Band
₹ 171 – 180
Lot Size
800
Issue Size
₹ 50.00 Cr
Minimum Investment
₹ 288,000 (1600 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Lakshya Powertech IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹50.00 Crore, comprising a fresh issue of 26.25 Lakh equity shares aggregating to ₹47.00 Crore.
The Lakshya Powertech IPO remained open for subscription from October 16, 2024, to October 18, 2024. The basis of allotment was finalized on October 21, 2024, and the company's shares were listed on NSE SME Platform on October 23, 2024.
The company had fixed the price band at ₹171 to ₹180 per share, with a lot size of 800 shares. Retail investors were required to make a minimum investment of ₹288,000 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 72,000 equity shares for eligible employees, who received a discount of ₹15 per share.
KFin Technologies Limited served as the registrar to the issue. GYR Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Lakshya Powertech Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Lakshya Powertech IPO Timeline (Tentative)
- IPO Open Date
- Wed, 16 Oct 24
- IPO Close Date
- Fri, 18 Oct 24
- Basis of Allotment
- Mon, 21 Oct 24
- Initiation of Refunds
- Tue, 22 Oct 24
- Credit of Shares to Demat
- Tue, 22 Oct 24
- Listing Date
- Wed, 23 Oct 24 — NSE & BSE
Open Date
16 October 2024
Close Date
18 October 2024
Basis Of Allotment
21 October 2024
Listing Date
23 October 2024
IPO Subscription
Check Live Subscription →The Lakshya Powertech IPO has received bids for 1,08,29,49,600 shares against 18,80,800 shares offered, resulting in an overall subscription of 575.79x. the NII category is subscribed 1,118.11x, Retail Investors 590.08x, Employees 1.54x, and QIBs 215.46x.
QIB
215.46x
NII
1118.11x
RII
590.08x
EMP
1.54x
Total
575.79x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 8,96,000 shares, representing 32.31% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,16,800 shares (18.64%), while Non-Institutional Investors (NIIs) receive 3,96,000 shares (14.28%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 744,000 | 26.83% |
| Market Maker | 148,000 | 5.34% |
| Qualified Institutions | 516,800 | 18.64% |
| Non-Institutional | 396,000 | 14.28% |
| Retail Investors | 896,000 | 32.31% |
| Employees | 72,000 | 2.6% |
| Total | 2,772,800 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Lakshya Powertech Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Lakshya Powertech Limited
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.
Lakshya Powertech IPO Promoters
Company's promoters.
- Mr. Rajesh Anne
- Mrs. Priya Bandhavi Anne
Promoters Holding
Holding Pre Issue
96.84%
Holding Post Issue
0.00%
Lakshya Powertech IPO Objective
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.
Lakshya Powertech Limited Address / Contact Details
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
Lakshya Powertech IPO Lot Size
The Lakshya Powertech IPO has a lot size of 800 shares. Retail investors require a minimum investment of ₹1,44,000 by applying for 1 lot (800 shares). The maximum application allowed for the retail category is 1 lots (800 shares), requiring an investment of ₹1,44,000.
| 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 |
Issue Reservation
- Anchor Investors — 26.83%
- Market Maker — 5.34%
- QIB — 18.64%
- NII — 14.28%
- RII — 32.31%
- EMP — 2.6%
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Lakshya Powertech IPO?
Lakshya Powertech IPO is a Book-building IPO with a total issue size of ₹50 crore. The Lakshya Powertech IPO price band is ₹171 to 180 per share. The Lakshya Powertech IPO subscription opens on Wed, Oct 16, 2024, and closes on Fri, Oct 18, 2024. The Lakshya Powertech IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the Lakshya Powertech IPO.
When will the Lakshya Powertech IPO open for subscription?
The Lakshya Powertech IPO opens on Wed, Oct 16, 2024 and closes on Fri, Oct 18, 2024
What is Lakshya Powertech IPO Price Band?
Lakshya Powertech IPO Price Band is ₹171 to 180 per share.
What is Lakshya Powertech IPO Lot Size?
Lakshya Powertech IPO lot size is 800 shares, Retail investors need a minimum investment of ₹288000 based on the upper price band
What is the minimum investment for Lakshya Powertech IPO?
The minimum investment for Lakshya Powertech IPO is ₹288000, based on one lot of 800 shares at the upper price band of ₹180 per share.
How to apply for Lakshya Powertech IPO?
Investors can apply for the Lakshya Powertech IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Oct 18, 2024. The application amount remains blocked until the Lakshya Powertech IPO allotment is finalized.
What is Lakshya Powertech IPO Issue Size?
Lakshya Powertech IPO issue size is ₹50 crores.
What is the Lakshya Powertech IPO Allotment Date?
Lakshya Powertech IPO allotment date is Mon, Oct 21, 2024.
Who is the Lakshya Powertech IPO Registrar?
The registrar for Lakshya Powertech IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Lakshya Powertech IPO allotment status, refund processing, and other IPO-related information.
What is the Lakshya Powertech IPO GMP?
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 94.44% over the issue price.
Who is the Lakshya Powertech IPO Lead Manager?
The book-running lead managers (BRLMs) for the Lakshya Powertech IPO are GYR Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Lakshya Powertech IPO Red Herring Prospectus (RHP).