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Lakshya Powertech IPO is a book build issue of ₹49.80 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹49.80 crore.
Lakshya Powertech IPO bidding started from Oct 16, 2024 and ended on Oct 18, 2024. The allotment for Lakshya Powertech IPO was finalized on Oct 21, 2024. The shares got listed on NSE SME on Oct 23, 2024.
Lakshya Powertech IPO price band is set at ₹180.00 per share . The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,36,800 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,88,000.
The issue includes a reservation of up to 72,000 shares for employees offered at a discount of ₹15.00 to the issue price.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
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 per share |
| Issue Price Band | ₹171 to ₹180 per share |
| Issue Price Final | ₹180 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,72,800 shares (aggregating up to ₹49.80 Cr) |
| Reserved for Market Maker | 1,48,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹2.66 Cr) |
| Net Offered to Public | 26,24,800 shares (aggregating up to ₹47.14 Cr) |
| Employee Discount | ₹15.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 73,11,120 shares |
| Share Holding Post Issue | 1,00,83,920 shares |
Lakshya Powertech IPO offers total 27,72,800 shares. Out of which 12,60,800 (45.47%) allocated to QIB, 5,16,800 (18.64%) allocated to QIB, 3,96,000 (14.28%) allocated to NII, 8,96,000 (32.31%) allocated to RII and 7,44,000 (26.83%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,48,000 (5.34%) |
| QIB Shares Offered | 12,60,800 (45.47%) |
| − Anchor Investor Shares Offered | 7,44,000 (26.83%) |
| − QIB (Ex. Anchor) Shares Offered | 5,16,800 (18.64%) |
| NII (HNI) Shares Offered | 3,96,000 (14.28%) |
| Retail Shares Offered | 8,96,000 (32.31%) |
| Employee Shares Offered | 72,000 (2.60%) |
| Total Shares Offered | 27,72,800 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Lakshya Powertech IPO raises ₹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 | 7,44,000 |
| 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 opens on October 16, 2024, and closes on October 18, 2024.
| IPO Open Date | Wed, Oct 16, 2024 |
| IPO Close Date | Fri, Oct 18, 2024 |
| Tentative Allotment | Mon, Oct 21, 2024 |
| Initiation of Refunds | Tue, Oct 22, 2024 |
| Credit of Shares to Demat | Tue, Oct 22, 2024 |
| Tentative Listing Date | Wed, Oct 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 18, 2024 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,44,000 |
| Retail (Max) | 1 | 800 | ₹1,44,000 |
| HNI (Min) | 2 | 1,600 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
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.
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 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 |
| Total Income | 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Lakshya Powertech IPO is ₹181.51 Cr.
KPI as of Sat, Aug 31, 2024.
| KPI | Values |
|---|---|
| ROE | 16% |
| ROCE | 13.41% |
| Debt/Equity | 0.83 |
| RoNW | 15.84% |
| PAT Margin | 10.33% |
| Price to Book Value | 3.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 21.44 | 14.21 |
| P/E (x) | 8.39 | 12.67 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[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...
| Listing Date | October 23, 2024 |
| BSE Script Code | |
| NSE Symbol | LAKSHYA |
| ISIN | INE0VZS01015 |
| Final Issue Price | ₹180 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹180.00 |
| Open | ₹342.00 |
| Low | ₹342.00 |
| High | ₹359.10 |
| Last Trade | ₹359.10 |
Lakshya Powertech Ltd.
A-620 & 621 Siddhivinayak Tower - A,
B/H DCP Office, Off. S.G. Highway,
Makarba, Jivraj Park,
Ahmedabad, Gujarat, 380051
Phone: +91 9898577752
Email: investor@lakshyapowertech.com
Website: https://www.lakshyapowertech.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: Lakshya.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Lakshya Powertech IPO is a SME IPO of 27,72,800 equity shares of the face value of ₹10 aggregating up to ₹49.80 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 800.
The IPO opens on October 16, 2024, and closes on October 18, 2024.
Kfin Technologies Ltd. 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
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, and the minimum amount required for application is ₹1,44,000.
You can apply in Lakshya Powertech IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Wednesday, October 23, 2024.
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