Lakshya Powertech Ltd launched its IPO on October 16, 2024.
The Lakshya Powertech IPO is a book-built issue that aims to raise ₹49.91 crores through a fresh issue of 27.73 lakh shares. With this IPO segment, the company plans to raise ₹49.91 crores by offering 27.73 lakh shares at a price between ₹171 and ₹180 each. Retail investors can participate with a minimum IPO lot size of 800 shares. The IPO Allotment is expected on October 21, with a listing on NSE SME set for October 23.
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Lakshya Powertech SME IPO Details
| Detail | Information |
| IPO Opening Date | October 16, 2024 |
| IPO Closing Date | October 18, 2024 |
| Listing Date | October 23, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹171 to ₹180 per share |
| Lot Size | 800 shares |
| Total Issue Size | 27,72,800 shares (₹49.91 Cr) |
| Fresh Issue | 27,72,800 shares (₹49.91 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE SME |
| Registrar | KFIN Technologies Limited |
| Maximum IPO Subscription for Retail Investor | ₹ 2,00,000 |
Overview of Lakshya Powertech Limited
Lakshya Powertech Limited, established in 2012, started as an engineering consultancy firm specializing in mechanical and electrical services. Over time, it expanded its operations into Operations & Maintenance (O&M) for gas-fired power plants, EPC contracts in the renewable energy sector, and oil and gas projects. The company has completed over 138 projects, reflecting its strong industry presence and diversified service offerings.
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Lakshya Powertech SME IPO Details
- Lakshya Powertech IPO Opening Date: October 16, 2024
- Lakshya Powertech IPO Closing Date: October 18, 2024
- Lakshya Powertech Allotment Date: October 21, 2024
- Lakshya Powertech IPO Price Band: ₹171 to ₹180 per share
- Lakshya Powertech IPO Lot Size: 800 shares
- IPO Refunds Initiated: October 22, 2024
- Shares Credited to Demat: October 22, 2024
- IPO Listing Date: October 23, 2024
- Lakshya Powertech SME IPO GMP– As of October 15th, 2024, at 09:58 AM, the last grey market premium (GMP) for the Lakshya Powertech SME IPO is ₹135.
Lakshya Powertech Ltd: Financial Highlights
Lakshya Powertech Limited has demonstrated impressive financial growth. Revenue increased by 181%, while profit after tax (PAT) surged by 478% between 2023 and 2024.
| Period Ended | Assets (₹ Cr) | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) |
| 31 Aug 2024 | 941.59 | 581.54 | 59.71 | 377.08 |
| 31 Mar 2024 | 824.63 | 1,494.19 | 156.78 | 317.37 |
| 31 Mar 2023 | 333.48 | 531.12 | 27.11 | 66.09 |
Lakshya Powertech Limited IPO: SWOT Analysis
Lakshya Powertech IPO offers a significant opportunity for investors.
It has an extensive expertise in Engineering, Procurement, and Construction (EPC).
However, there is a chance of heavy reliance on project-based income. The company has the potential to expand further into renewable energy and green energy.
FAQs | Lakshya Powertech Ltd IPO
Lakshya Powertech Ltd is a diversified company offering services in power generation, EPC, and O&M projects. It was established in 2012.
The bidding date for Lakshya Powertech IPO is from October 16, 2024, to October 18, 2024.
The IPO lot size for Lakshya Powertech is 800 shares.
The IPO face value is set at ₹10 per share.
You can check the allotment of IPO shares through the official registrar’s website.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.