Lakshya Powertech IPO Details: The Lakshya Powertech IPO is set to open on October 16, 2024, and will close on October 18, 2024. This is a Book Built Issue, with the company aiming to raise approximately ₹49.91 crores. This amount includes a fresh issue of ₹49.91 crores and an offer for sale of [.] equity shares, each with a face value of ₹10.
The price band for the IPO is between ₹171 and ₹180 per share. The allocation breakdown includes 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-Worth Individuals (HNI). Lakshya Powertech is expected to list on the NSE SME platform on October 23, 2024, with the allotment date set for October 21, 2024.
Financially, the company has shown significant growth, reporting revenue of ₹149.42 crores in 2024, up from ₹53.11 crores in 2023. Profit also saw a sharp rise, reaching ₹14.95 crores in 2024, compared to ₹2.71 crores in 2023. Given this strong financial performance, long-term investors may find this IPO to be a valuable opportunity.
Table of Contents
ToggleLakshya Powertech IPO Objectives:
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
- Funding working capital requirements of the Company; and
- General Corporate Purposes.
Lakshya Powertech IPO Review (Apply or Not)
- Update soon
Lakshya Powertech IPO Date & Price Band Details:
IPO Open Date: | October 16, 2024 |
IPO Close Date: | October 18, 2024 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹171 to ₹180 Per Share |
Issue Size: | Approx ₹49.91 Crores, 2,772,800 Equity Shares |
Fresh Issue: | Approx ₹49.91 Crores, 2,772,800 Equity Shares |
Offer for Sale: | NA |
Issue Type: | Book Built Issue |
IPO Listing: | NSE SME |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Lakshya Powertech IPO Lot Size:
The minimum market lot for the Lakshya Powertech IPO is 800 shares, requiring an application amount of ₹1,44,000.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 800 | ₹144,000 |
Retail Maximum | 1 | 800 | ₹144,000 |
HNI Minimum | 2 | 1,600 | ₹288,000 |
Lakshya Powertech IPO Timeline:
The Lakshya Powertech IPO is scheduled to open on October 16 and will close on October 18. The allotment of shares will be finalized on October 21, with the listing expected to take place on October 23, 2024.
IPO Open Date: | October 16, 2024 |
IPO Close Date: | October 18, 2024 |
Basis of Allotment: | October 21, 2024 |
Refunds: | October 22, 2024 |
Credit to Demat Account: | October 22, 2024 |
IPO Listing Date: | October 23, 2024 |
Lakshya Powertech IPO GMP Today:
As of the latest update, the Grey Market Premium (GMP) for the Lakshya Powertech SME IPO is ₹100. With the upper price band set at ₹180, the estimated listing price for the IPO is ₹280 (calculated as the cap price plus today’s GMP). This suggests an expected percentage gain of 55.56% per share.
Promoters of Lakshya Powertech IPO
The key promoters of Lakshya Powertech are Mr. Rajesh Anne and Mrs. Priya Bandhavi Anne.
About Lakshya Powertech
Founded in 2012, Lakshya Powertech Limited is based in Gujarat, Dadra, and Nagar Haveli. The company specializes in engineering consultancy and contracting, with a strong reputation for its expertise in mechanical and electrical services. Lakshya Powertech has established partnerships across four key sectors: Oil, Gas, Power, Renewable Energy, and Industrial. A core commitment of the company is to provide quality and safety to its clients.
To date, Lakshya Powertech has successfully executed 138 major projects, including a particularly complex project valued at ₹13,690.68 lakhs. For the fiscal years 2024, 2023, and 2022, the company reported revenues of ₹14,813.46 lakhs, ₹5,304.52 lakhs, and ₹3,414.33 lakhs, respectively, highlighting its significant growth and ongoing success in the industry.
Lakshya Powertech IPO Company Financial Report
The company reported revenue of ₹149.42 crores in 2024 against ₹53.11 crore in 2023. The company reported profit of ₹14.95 crores in 2024 against profit of ₹2.71 crores in 2023.
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹34.21 | ₹32.73 | ₹1.05 | ₹17.59 |
2023 | ₹53.11 | ₹49.29 | ₹2.71 | ₹33.35 |
2024 | ₹149.42 | ₹129.10 | ₹14.95 | ₹82.46 |
Lakshya Powertech IPO Valuation – FY2024
Check Lakshya Powertech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 77.43% |
ROCE: | 37.00% |
EBITDA Margin: | 15.52% |
PAT Margin: | 10.08% |
Debt to equity ratio: | 0.91 |
Earning Per Share (EPS): | ₹20.74 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 46.71% |
Net Asset Value (NAV): | ₹389.89 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Asian Energy Services Limited | 6.64 | 41.77 | NA | 10 | 311.28 Cr. |
Engineers India Limited | 7.92 | 25.50 | NA | 5 | 3500.02 Cr. |
Lakshya Powertech IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
E-mail: Lakshya.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
Lakshya Powertech IPO 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 FAQs
1. What is the Lakshya Powertech IPO?
The Lakshya Powertech IPO is a main-board IPO through which the company aims to raise ₹49.91 crores. The issue is priced between ₹171 and ₹180 per equity share and will be listed on the NSE.
2. When will the Lakshya Powertech IPO open for subscription?
The IPO will open for subscription on October 16, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and retail investors. It will close on October 18, 2024.
3. What is the investor portion for the Lakshya Powertech IPO?
The allocation for investors is as follows: 50% for QIB, 15% for NII, and 35% for retail investors.
4. How can I apply for the Lakshya Powertech IPO?
You can apply for the Lakshya Powertech IPO through the ASBA (Application Supported by Blocked Amount) method via your bank account. Additionally, you can apply online using UPI through your stock broker or fill out an offline application form via your broker.
5. What is the issue size of the Lakshya Powertech IPO?
The issue size of the Lakshya Powertech IPO is ₹49.91 crores.
6. What is the price band for the Lakshya Powertech IPO?
The price band for the Lakshya Powertech IPO is set between ₹171 and ₹180 per share.
7. What is the minimum lot size for the Lakshya Powertech IPO?
The minimum bid for the Lakshya Powertech IPO is 800 shares, which requires an application amount of ₹1,44,000.
8. When is the allotment date for the Lakshya Powertech IPO?
The allotment date for the Lakshya Powertech IPO is October 21, 2024.
9. What is the listing date for the Lakshya Powertech IPO?
The listing date for the Lakshya Powertech IPO is October 23, 2024, when it will be listed on the NSE.