The Lakshya Powertech IPO is set to open on October 16, 2024, and will close on October 18, 2024. Moreover, the IPO will follow a Book Built Issue format. Moreover, The company aims to raise approximately ₹49.91 crores through this IPO, which includes a fresh issue of ₹49.91 crores. In addition, there will be an offer for sale of up to ₹[.] equity shares, with a face value of ₹10 each.
Table of contents
- IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Lakshya Powertech IPO GMP (Grey Market Premium)
- Lakshya Powertech IPO Application Form PDF
- Lakshya Powertech IPO Subscription Status
- Lakshya Powertech IPO Allotment Status
- IPO Review
- IPO Registrar
- IPO Lead Manager
- Lakshya Powertech Contact
- FAQs
IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Lakshya Powertech Limited |
| Industry | EPC |
| IPO Issue Type | Book Built Issue |
| Open Date | October 16, 2024 |
| Close Date | October 18, 2024 |
| Total Issue Size | ₹49.91 Crores (2,772,800 Equity Shares) |
| Fresh Issue | ₹49.91 Crores (2,772,800 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹171 to ₹180 per share |
| Listing on | NSE SME |
| Lot Size | 800 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Lakshya Powertech Limited, founded in 2012 in Gujarat, Dadra, and Nagar Haveli, has since evolved from an engineering consultancy firm into a leading provider of Mechanical and Electrical services across sectors such as Oil, Gas, Power, Renewable Energy, and Industrial. Additionally, Initially focused on freelance power generation consultancy, the company rapidly expanded into operations and maintenance (O&M) for gas-fired power plants and large-scale power generation projects.
Additionally, by diversifying into the oil and gas sector and securing an EPC contract in the renewable energy industry in Malaysia, Lakshya Powertech successfully expanded its global reach. The company’s services are organized into three main divisions: (i) Engineering, Procurement, Construction, and Commissioning; (ii) Integrated Operation and Maintenance Services; and (iii) Specialty Services.
Moreover, with a strong commitment to quality and safety, Lakshya Powertech has executed over 138 projects, including a major project worth ₹13,690.68 lakhs. The company also reported revenues of ₹14,813.46 lakhs for FY 2024, ₹5,304.52 lakhs for FY 2023, and ₹3,414.33 lakhs for FY 2022.
Key Dates
| Events | Date |
|---|---|
| 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 |
Financials (₹ in Lakhs)
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹9,415.91 | ₹8,246.31 | ₹3,334.85 | ₹1,758.89 |
| Revenue | ₹5,815.38 | ₹14,941.92 | ₹5,311.21 | ₹3,421.39 |
| Profit After Tax | ₹597.11 | ₹1,567.77 | ₹271.09 | ₹104.58 |
| Net Worth | ₹3,770.8 | ₹3,173.71 | ₹660.98 | ₹389.89 |
| Reserves and Surplus | ₹3,039.69 | ₹2,442.6 | ₹650.98 | ₹379.89 |
| Total Borrowing | ₹2,916.59 | ₹2,900.04 | ₹1,448.67 | ₹590.43 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| HNI (Min) | 2 | 1,600 | ₹288,000 |
The objective of the Issue
- The company plans to utilize the funds for prepayment or repayment of all or part of its outstanding borrowings.
- Additionally, a portion of the funds will be allocated to meet the company’s working capital requirements.
- Furthermore, the remaining funds will be used for general corporate purposes.
Company Promoters
- Mr. Rajesh Anne
- Mrs. Priya Bandhavi Anne
Lakshya Powertech IPO GMP (Grey Market Premium)
Want to know the latest Gray Market Premium (GMP) for Lakshya Powertech IPO? We’ve got you covered! Access our GMP IPOs sessions for daily updates on all IPOs, including Lakshya Powertech. Dig into everything with real-time GMP insights to help you make informed investment choices. intelligent Whether you are an experienced investor or just starting out. Our updates will keep you informed!
Lakshya Powertech IPO Application Form PDF
To download the Lakshya Powertech IPO registration form, simply go to IPO forms. You can also download a PDF file of ASBA’s IPO form.
Lakshya Powertech IPO Subscription Status
This IPO subscription kicks off on October 15, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Lakshya Powertech IPO Allotment Status
To check the allotment status, please visit the Kfin Technologies website or go to the Allotment Status page.
As well as checking the sales status, first follow the steps below:
- Firstly, access the link given above.
- Second, choose or name the company.
- Then enter your PAN number and beneficiary number. Registration number or CAF number
- Finally, submit details to receive distribution status.
IPO Review
Strengths:
- The company has consistently maintained a healthy ROE of 52.63% over the past three years.
- Additionally, its ROCE has remained strong at 33.84% during the same period.
- Moreover, the company boasts an efficient Cash Conversion Cycle of 0 days, indicating effective cash management.
Risks:
- However, the company has struggled with profit growth, showing 0% over the past three years.
- Furthermore, revenue growth has also been stagnant at 0%.
- In addition, it has a low-interest coverage ratio of 0 and negative cash flow from operations of -22.11.
- Lastly, the company’s EBITDA margin has remained low at 0% over the past five years.
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone: +91 40 6716 2222
Email: lakshya.ipo@kfintech.com
Website: www.kfintech.com
IPO Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 877 756 4648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Lakshya Powertech Contact
LAKSHYA POWERTECH LIMITED
401 Primark Raghavendra Nilayam,
Raghavendra Nagar Kondapur, K.V. Rangareddy,
Serilingampally, Telangana 500084, India,
Phone: +91 9898577752
E-mail: investor@lakshyapowertech.com
Website: www.lakshyapowertech.com
FAQs
Lakshya Powertech IPO is a main-board IPO through which the company aims to raise ₹49.91 crores. Additionally, the issue is priced between ₹171 to ₹180 per equity share, and the IPO will be listed on the NSE.
The IPO will open for subscription on October 16, 2024, for QIB, NII, and Retail Investors. Moreover, it will close on October 18, 2024.
The allocation for QIB investors is 50%, while NII will have 15%, and Retail Investors will have 35%.
You can apply for the Lakshya Powertech IPO through ASBA online via your bank account. Alternatively, you can apply through UPI via your stock broker’s platform. Furthermore, there is the option to apply offline by submitting the form through stock brokers.
The issue size for Lakshya Powertech IPO is ₹49.91 crores.
For the latest updates on the GMP of IPOs, including GMP on IPOs and IPO allotment status, visit IPOGMP.IN. Stay updated with real-time insights on the GMP of Lakshya Powertech IPO to help you make informed investment decisions.
Additionally, you can track the Allotment IPO Status and the IPO allotment status for Lakshya Powertech on the registrar’s website, KFin Technologies.
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