What is the Lakshya Powertech IPO date & price?
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The Lakshya Powertech IPO opens on October 16, 2024, with a price band of ₹171 to ₹180 per share.
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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.
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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.
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