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Lakshya Powertech Limited IPO (Lakshya Powertech IPO) Detail

October 16, 2024 - October 18, 2024

Lakshya Powertech IPO is a book built issue of Rs 49.91 crores. The issue is entirely a fresh issue of 27.73 lakh shares.

Lakshya Powertech IPO bidding started from October 16, 2024 and ended on October 18, 2024. The allotment for Lakshya Powertech IPO was finalized on Monday, October 21, 2024. The shares got listed on NSE SME on October 23, 2024.

Lakshya Powertech IPO price band is set at ₹171 to ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹288,000.

GYR Capital Advisors Private Limited is the book running lead manager of the Lakshya Powertech IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Lakshya Powertech IPO is Giriraj Stock Broking.

Refer to Lakshya Powertech IPO RHP for detailed information.

Lakshya Powertech IPO Details

IPO Date October 16, 2024 to October 18, 2024
Listing Date October 23, 2024
Face Value ₹10 per share
Price Band ₹171 to ₹180 per share
Lot Size 800 Shares
Total Issue Size2,772,800 shares
(aggregating up to ₹49.91 Cr)
Fresh Issue2,772,800 shares
(aggregating up to ₹49.91 Cr)
Employee Discount Rs 15 per share
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue7,311,120
Share holding post issue10,083,920
Market Maker portion148,000 shares
Giriraj Stock Broking

Lakshya Powertech IPO Reservation

Lakshya Powertech IPO offers 2,780,800 shares. 524,800 (18.87%) to QIB, 396,000 (14.24%) to NII, 896,000 (32.22%) to RII and 744,000 (26.75%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered744,000 (26.75%)
Market Maker Shares Offered148,000 (5.32%)
QIB Shares Offered524,800 (18.87%)
NII (HNI) Shares Offered396,000 (14.24%)
Retail Shares Offered896,000 (32.22%)
Total Shares Offered2,780,800 (100%)

Lakshya Powertech IPO Anchor Investors Details

Lakshya Powertech IPO raises Rs 13.39 crore from anchor investors. Lakshya Powertech IPO Anchor bid date is October 15, 2024. Lakshya Powertech IPO Anchor Investors list

Bid Date October 15, 2024
Shares Offered 744,000
Anchor Portion Size (In Cr.) 13.39
Anchor lock-in period end date for 50% shares (30 Days) November 19, 2024
Anchor lock-in period end date for remaining shares (90 Days) January 18, 2025

Lakshya Powertech IPO Timeline (Tentative Schedule)

Lakshya Powertech IPO opens on October 16, 2024, and closes on October 18, 2024.

IPO Open Date Wednesday, October 16, 2024
IPO Close Date Friday, October 18, 2024
Basis of Allotment Monday, October 21, 2024
Initiation of Refunds Tuesday, October 22, 2024
Credit of Shares to Demat Tuesday, October 22, 2024
Listing Date Wednesday, October 23, 2024
Cut-off time for UPI mandate confirmation 5 PM on October 18, 2024

Lakshya Powertech IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below 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 ₹144,000
Retail (Max) 1 800 ₹144,000
HNI (Min) 2 1,600 ₹288,000
Lot Size Calculator

Lakshya Powertech IPO Promoter Holding

Mr. Rajesh Anne and Mrs. Priya Bandhavi Anne are the company's promoters.

Share Holding Pre Issue 96.84%
Share Holding Post Issue

About Lakshya Powertech Limited

Established in 2012, Lakshya Powertech Limited started as an engineering consultancy firm specializing in mechanical and electrical services. The company quickly expanded from freelance power generation consultancy into operations and maintenance (O&M) for gas-fired power plants and large power generation projects.

By diversifying into the oil and gas sector, the company expanded its services and strengthened its position in the industry. An EPC contract in the renewable energy sector in Malaysia and growth in oil and gas plant maintenance and repair marked the company's global reach.

Lakshya Powertech's services are divided 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.

Competitive Strengths:

  • Extensive expertise in project management focusing on excellence in quality, health, safety, cost efficiency, and timely execution
  • Significant growth underpinned by a solid order book and excellent pre-qualification credentials
  • Integrated operational and management services supported by experienced professionals
  • Activities in various industries and economies
  • Sustainable growth and strong financial performance
  • Expansion of EPCC contracts alongside expansion into emerging renewables and green energy businesses
  • Active bidding for new projects
  • Building and maintaining close relationships with customers and suppliers
  • Attracting and retaining talented employees
  • Improve operational controls to ensure timely delivery of services

The company works with both public and private sector entities. The company's clients include Gmmco Limited, Equinox Engineering Limited, and many other prestigious companies and government institutions.

As of May 31, 2024, the company had 912 employees on its payroll.

Company Financials

Lakshya Powertech Limited Financial Information (Restated)

Lakshya Powertech Limited's revenue increased by 181% and profit after tax (PAT) rose by 478% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Aug 202431 Mar 202431 Mar 202331 Mar 2022
Assets9,415.918,246.313,334.851,758.89
Revenue5,815.3814,941.925,311.213,421.39
Profit After Tax597.111,567.77271.09104.58
Net Worth3,770.83,173.71660.98389.89
Reserves and Surplus3,039.692,442.6650.98379.89
Total Borrowing2,916.592,900.041,448.67590.43
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Lakshya Powertech IPO is Rs 181.51 Cr.

KPI as of August 31, 2024.

KPI Values
ROE16%
ROCE13.41%
Debt/Equity0.83
RoNW15.84%
P/BV3.49
PAT Margin (%)10.33
Pre IPO Post IPO
EPS (Rs) 21.4414.21
P/E (x) 8.3912.67
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of August 31, 2024 that is available in RHP.

Objects of the Issue (Lakshya Powertech IPO Objectives)

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 the Company;
  2. Funding working capital requirements of the Company; and
  3. General Corporate Purposes.

Lakshya Powertech IPO Review (Apply)

[Dilip Davda]  The company is engaged in providing EPC related services for power generation and oil and gas sector. It has orders worth Rs. 265+ cr. on hand as of 31.08.24. The sudden boost in its top and bottom lines from FY24 onwards raise concern. Based on FY25 annualized super earnings, the issue appears lucratively priced. Investors may park funds for medium to long term. Read detail review...


Lakshya Powertech IPO Subscription Status (Bidding Detail)

The Lakshya Powertech IPO is subscribed 573.36 times on October 18, 2024 6:19:59 PM. The public issue subscribed 590.26 times in the retail category, 212.18 times in the QIB category, and 1,117.75 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB212.18
NII1,117.75
Retail590.26
Total573.36

Total Application : 661,089 (590.26 times)

Lakshya Powertech IPO Prospectus

Lakshya Powertech IPO Rating

17
3.5
Rating:Rated 3.5 stars
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Lakshya Powertech IPO Listing Details

Listing Date October 23, 2024
BSE Script Code
NSE Symbol LAKSHYA
ISIN INE0VZS01015
Final Issue Price ₹180 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹180.00
₹342.00
₹342.00
₹359.10
₹359.10

Check IPO Performance…

Lakshya Powertech Limited Contact Details

Lakshya Powertech Limited
A-620 & 621 Siddhivinayak Tower - A,
B/H DCP Office, Off. S.G. Highway,
Makarba, Jivraj Park, Ahmedabad - 380051
Phone: +91 9898577752
Email: investor@lakshyapowertech.com
Website: https://www.lakshyapowertech.com/

Lakshya Powertech IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: Lakshya.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Lakshya Powertech IPO - Buy or Not

Lakshya Powertech IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 3 0 0

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Lakshya Powertech IPO FAQs

Lakshya Powertech IPO is a SME IPO of 2,772,800 equity shares of the face value of ₹10 aggregating up to ₹49.91 Crores. The issue is priced at ₹171 to ₹180 per share. The minimum order quantity is 800 Shares.

The IPO opens on October 16, 2024, and closes on October 18, 2024.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Lakshya Powertech IPO using UPI as a payment gateway. Zerodha customers can apply in Lakshya Powertech IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Lakshya Powertech IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Lakshya Powertech IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Lakshya Powertech IPO opens on October 16, 2024 and closes on October 18, 2024.

Lakshya Powertech IPO lot size is 800 Shares, and the minimum amount required is ₹144,000.

You can apply in Lakshya Powertech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Lakshya Powertech IPO will be done on Monday, October 21, 2024, and the allotted shares will be credited to your demat account by Tuesday, October 22, 2024. Check the Lakshya Powertech IPO allotment status.

The Lakshya Powertech IPO listing date is on October 23, 2024.
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