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Lakshya Powertech IPO: Things Smart Investors Need to Know Before Investing

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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.

Lakshya Powertech IPO Details and Objectives

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:

  • Prepayment or repayment of a portion of certain outstanding borrowings.
  • Funding working capital requirements.
  • General corporate purposes.

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

Timeline of Lakshya Powertech IPO

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

Pricing and Lot Size of Lakshya Powertech IPO

  • Price Band: ₹171 to ₹180 per share
  • Minimum Lot Size: 800 shares
  • Minimum Investment (Retail): ₹144,000 (for 1 lot)
  • Minimum Investment (HNI): ₹288,000 (for 2 lots)
  • Employee Discount: ₹15 per share for eligible employees (72,000 shares reserved)

How to Apply for the Lakshya Powertech IPO?

  • Online Application Process:
    • Log into Bajaj Broking trading account.
    • Navigate to the IPO section and select 'Lakshya Powertech IPO.'
    • Enter the number of lots you wish to apply for.
    • Confirm and submit the application.
    • Approve the UPI mandate for fund blocking.

Financial Health and Performance

  • Key Financial Metrics:
    • Total Assets (August 31, 2024): ₹9,415.91 lakhs
    • Revenue (FY2024): ₹14,941.92 lakhs
    • Profit After Tax (FY2024): ₹1,567.77 lakhs
    • Net Worth (August 31, 2024): ₹3,770.8 lakhs
  • Recent Performance and Growth Prospects:
    • 181% revenue growth from FY2023 to FY2024.
    • Significant profit growth with a 478% increase in FY2024.

Investment Risks and Opportunities

  • Potential Risks:
    • Heavy reliance on government contracts.
    • Market competition and fluctuating raw material costs.
    • Exposure to global oil and gas market volatility.
  • Opportunities:
    • Expansion into renewable energy sectors.
    • Strong growth potential from EPCC contracts in new markets.
    • Global diversification with significant project wins.

Key Performance Indicators (KPIs)

KPI

Values

ROE

16%

ROCE

13.41%

Debt/Equity

0.83

PAT Margin

10.33%

P/BV

3.49

Lakshya Powertech IPO Registrar

Registrar

KFin Technologies Limited

Contact Person

Mr. M Murali Krishna

Email

Lakshya.ipo@kfintech.com

Telephone

+91 40 6716 2222

Lakshya Powertech IPO Lead Managers

Lead Manager

GYR Capital Advisors Private Limited

Contact Person

Mr. Mohit Baid

Email

info@gyrcapitaladvisors.com

Telephone

+91 87775 64648

Conclusion

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

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Frequently Asked Questions

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.

What is the significance of Lakshya Powertech IPO?

Answer Field

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.

What are the risks and rewards of investing in Lakshya Powertech IPO?

Answer Field

The risks include market competition and reliance on government contracts, while rewards include growth potential in renewable energy and global projects.

When will the Lakshya Powertech IPO shares be listed?

Answer Field

The shares are expected to be listed on October 23, 2024.

What documents should I review before investing in the Lakshya Powertech IPO?

Answer Field

Investors should review the Red Herring Prospectus (RHP) and financial statements before investing.

Will Lakshya Powertech IPO pay dividends?

Answer Field

The company’s decision to pay dividends will depend on its future financial performance.

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