The Lakshya Powertech IPO is a book-built issue of ₹49.91 crores, involving a fresh issue of 27.73 lakh shares. The subscription period for the Lakshya Powertech IPO is scheduled from October 16, 2024, to October 18, 2024. The allotment is expected to be finalized by Monday, October 21, 2024, and the shares are set to be listed on the NSE SME on Wednesday, October 23, 2024, as per the tentative schedule.
The price band for the Lakshya Powertech IPO has been set between ₹171 and ₹180 per share. The minimum application lot size has been fixed at 800 shares, requiring a minimum investment of ₹144,000 for retail investors. High Net Worth Investors (HNIs) are required to apply for a minimum of 2 lots (1,600 shares), amounting to ₹288,000.
Refer to Lakshya Powertech IPO RHP for detailed information.
| IPO Date | October 16, 2024 to October 18, 2024 |
| Listing Date | October 23, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 171 to ₹ 180 / Share |
| Lot Size | 800 Shares |
| Total Issue Size | ₹49.91 Cr |
| Fresh Issue | ₹49.91 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,311,120 |
| Share holding post issue | 10,083,920 |
| Market Maker portion | 148,000 shares |
Lakshya Powertech Limited IPO opens on October 16, 2024, and closes on October 18, 2024.
| IPO Open Date | October 16, 2024 |
| IPO Close Date | October 18, 2024 |
| Basis of Allotment | October 21, 2024 |
| Initiation of Refunds | October 22, 2024 |
| Credit of Shares to Demat | October 22, 2024 |
| Listing Date | October 23, 2024 |
| Cut-off time for UPI mandate confirmation | October 18, 2024 |
A minimum of 800 shares, and multiples thereof, can be bid by investors. The table below provides details on the minimum and maximum investment for retail investors and High Net Worth Investors (HNIs) in terms of shares and corresponding amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | Rs.144,000 |
| Retail (Max) | 1 | 800 | Rs.144,000 |
| S-HNI (Min) | 2 | 1,600 | Rs.288,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 96.84% |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
|
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Established in 2012, Lakshya Powertech Limited began as an engineering consultancy firm specializing in mechanical and electrical services. The company expanded from providing freelance power generation consultancy to offering operations and maintenance (O&M) services for gas-fired power plants and large-scale power generation projects.
The company’s diversification into the oil and gas sector led to an expansion of its services and strengthened its position within the industry. A global presence was marked by securing an EPC contract in the renewable energy sector in Malaysia, along with growth in the maintenance and repair of oil and gas plants.
Lakshya Powertech’s services are categorized into four primary areas: (i) Engineering, Procurement, Construction, and Commissioning; (ii) Integrated Operation and Maintenance Services; (iii) Specialty Services.
To date, the company has successfully executed over 138 projects, with major projects completed amounting to approximately ₹13,690.68 lakhs.
Competitive strengths include:
Lakshya Powertech collaborates with both public and private sector entities, with clients including Gmmco Limited, Equinox Engineering Limited, and other renowned companies and government institutions.
As of May 31, 2024, the company employed 912 people.
| KPI | Values |
|---|---|
| ROE | 16% |
| ROCE | 13.41% |
| Debt/Equity | 0.83 |
| RoNW | 15.84% |
| P/BV | 3.49 |
| PAT Margin (%) | 10.33 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 21.44 | 14.21 |
| P/E (x) | 8.39 | 12.67 |
The net proceeds from the issue are proposed to be utilized for the following purposes:
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/ |
Phone: 04067162222, 04079611000 Email: Lakshya.ipo@kfintech.com |
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