What is the Lakshya Powertech IPO date & price?
- Answer Field
-
The Lakshya Powertech IPO opens on October 16, 2024, with a price band of ₹171 to ₹180 per share.
BAJAJ BROKING
Overview of the Company
Lakshya Powertech Limited, founded in 2012, started as an engineering consultancy firm specializing in mechanical and electrical services. Over time, it expanded into the oil and gas sectors, power generation, and renewable energy projects. With more than 138 successful projects, Lakshya Powertech has established itself as a key player in engineering, procurement, and construction (EPC) contracts, and integrated operations and maintenance services, servicing both public and private sectors.
Core Business and Market Position
Lakshya Powertech’s services cover Engineering, Procurement, Construction, Commissioning (EPCC), Operation & Maintenance (O&M), and Specialty Services, with a focus on the oil and gas industry and renewable energy projects. Its business strengths include solid project execution, strong customer relationships, and experienced professionals. The company continues to bid for high-value contracts, expanding into emerging renewable sectors, aiming for sustainable growth.
Purpose of the IPO
The Lakshya Powertech IPO is a book-built issue aggregating ₹49.91 crores through the issuance of 2,772,800 shares. The key objectives of the IPO include:
IPO Size | 2,772,800 shares aggregating up to ₹49.91 crores |
Fresh Issue | 2,772,800 shares aggregating up to ₹49.91 crores |
Face Value | ₹10 per share |
Price Band | ₹171 to ₹180 per share |
Listing | NSE SME |
Lead Manager | GYR Capital Advisors Private Limited |
Registrar | KFin Technologies Limited |
Market Maker | Giriraj Stock Broking |
Event | Date |
Issue Opening Date | October 16, 2024 |
Issue Closing Date | October 18, 2024 |
Allotment Finalization | October 21, 2024 |
Listing Date | October 23, 2024 |
Cut-off time for UPI | 5 PM, October 18, 2024 |
KPI | Values |
ROE | 16% |
ROCE | 13.41% |
Debt/Equity | 0.83 |
PAT Margin | 10.33% |
P/BV | 3.49 |
Registrar | KFin Technologies Limited |
Contact Person | Mr. M Murali Krishna |
Lakshya.ipo@kfintech.com | |
Telephone | +91 40 6716 2222 |
Lead Manager | GYR Capital Advisors Private Limited |
Contact Person | Mr. Mohit Baid |
info@gyrcapitaladvisors.com | |
Telephone | +91 87775 64648 |
Lakshya Powertech IPO provides investors an opportunity to invest in a growing company in the energy and power sectors. With a solid track record of completed projects and a strong growth outlook, the IPO presents both risks and rewards. Investors should carefully review the company’s financials and project potential before making investment decisions.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Gold Rate Today | Gold Prices Log Steepest Weekly Drop in 5 Months Amid Stronger Dollar
11 Nov, 2024 | 2 Min. read
ITI Emerges Lowest Bidder in BharatNet Phase-3 Project with ₹4,559 Crore Orders
11 Nov, 2024 | 2 Min. read
GR Infra Wins ₹867.54 Crore Bid for BSNL BharatNet Phase 3 Project
11 Nov, 2024 | 2 Min. read
Commodities Market Today | Gold and Oil Prices Drop Amid Dollar Strength and Supply Stability
11 Nov, 2024 | 1 Min. read
Share Market Today | Gift Nifty Indicates A Soft Start For Indian Markets Today
11 Nov, 2024 | 4 Min. read
DCX Systems Secures ₹460.3 Crore Order from Lockheed Martin
11 Nov, 2024 | 2 Min. read
SpiceJet to Launch Seaplane Operations Across India in 2025
11 Nov, 2024 | 2 Min. read
Hindalco Q2 Results FY24-25 Preview | Estimate
11 Nov, 2024 | 1 Min. read
Shree Cements Q2 Results FY24-25 Preview | Estimate
11 Nov, 2024 | 1 Min. read
Asian Paints Q2 Results FY24-25 Preview | Estimate
11 Nov, 2024 | 2 Min. read
NHPC Q2 Results FY24-25 Preview | Estimate
08 Nov, 2024 | 2 Min. read
Mahindra & Mahindra Raises Fy25 Tractor Growth Forecast Amid Strong Q2 Results
08 Nov, 2024 | 3 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
The Lakshya Powertech IPO opens on October 16, 2024, with a price band of ₹171 to ₹180 per share.
The IPO offers investors a chance to invest in a growing power company that is expanding into renewable energy sectors and increasing its global footprint.
You can apply by logging into your trading platform, selecting the Lakshya Powertech IPO, entering the desired number of shares, and confirming your UPI mandate.
The risks include market competition and reliance on government contracts, while rewards include growth potential in renewable energy and global projects.
The shares are expected to be listed on October 23, 2024.
Investors should review the Red Herring Prospectus (RHP) and financial statements before investing.
The company’s decision to pay dividends will depend on its future financial performance.
No Result Found
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading