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Lakshya Powertech Ltd

Infrastructure Developers & Operators

Offer Period :

16th to 18th Oct 2024

Lakshya Powertech Ltd IPO Details

IPO Date 16th to 18th Oct 2024 Minimum Investment ₹144000 / 1 Lots
Listing Date 2024-10-23 Maximum Investment ₹144000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹49.91 Crores
Price ₹180 to ₹180 per share Fresh Issue ₹49.91 Crores
Lot Size 1 Lots (800 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹15 per share    
IPO Date 16th to 18th Oct 2024
Listing Date 2024-10-23
Face Value ₹10 per share
Price ₹180 to ₹180 per share
Lot Size 1 Lots (800 Shares)
Listing At NSE-SME
Employee Discount ₹15 per share
Minimum Investment ₹144000 / 1 Lots
Maximum Investment ₹144000 / 1 Lots
Total Issue Size ₹49.91 Crores
Fresh Issue ₹49.91 Crores
Offer For Sale
Retail Discount ₹ 0

Lakshya Powertech Ltd IPO  

Established in 2012, Lakshya Powertech Limited began as an engineering consultancy specializing in mechanical and electrical services. It soon expanded into operations and maintenance (O&M) for gas-fired power plants and large-scale power projects. The company further diversified into the oil and gas sector, gaining global recognition through an EPC contract in renewable energy in Malaysia. Lakshya Powertech operates in three key areas: Engineering, Procurement, Construction, and Commissioning (EPCC); Integrated O&M Services; and Specialty Services. With over 138 projects completed, totaling approximately Rs. 13,690.68 lakhs, the company has demonstrated strong financial performance and sustainable growth. As of May 2024, Lakshya Powertech employed 912 professionals and served both public and private sector clients, including Gmmco Limited and Equinox Engineering.
 

Lakshya Powertech Ltd is launching its Initial Public Offering (IPO), comprising a fresh issue of 27.73 lakh shares, with a total value of ₹49.91 crores. The company plans to use the proceeds to fund its expansion, upgrade existing facilities, and enhance working capital. The issue is a 100% book-built IPO, allowing investors to subscribe within the price band determined through the book-building process.
 

The IPO opens for subscription on October 16, 2024, and will close on October 18, 2024. The price band is set between ₹171 and ₹180 per share. The minimum application size is 800 shares, with a required minimum investment of ₹144,000 for retail investors. For High Net-Worth Individuals (HNIs), the minimum lot size is two lots (1,600 shares), amounting to ₹288,000. Lakshya Powertech has reserved up to 72,000 shares for employees, offered at a discount of ₹15 per share. The allotment is expected to be finalized on October 21, 2024, with the listing tentatively set for October 23, 2024, on NSE SME.

Timeline

Important dates for allocation and IPO listing.

16th Oct

IPO Starts

18th Oct

IPO Ends

21st Oct

Allotment Date

22nd Oct

Initiation of Refund

22nd Oct

Credit of Shares to Demat Account

23rd Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 95.46 69.22
Public Group 4.54 30.78

Lakshya Powertech Ltd IPO Reservation

QIB Shares Offered 516800(18.64%)
NII (HNI) Shares Offered 396000(14.28%)
Retail Shares Offered 896000(32.31%)
Anchor Investor Shares Offered 744000(26.83%)
Total Shares Offered 2772800
Total Shares With Anchor Investor 2772800

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Lakshya Powertech Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id einward.ris@kfintech.com
Our Website www.kfintech.com

Lakshya Powertech Ltd IPO Lead Manager

1. GYR Capital Advisors Pvt Ltd

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Lakshya Powertech Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 5,24,800 67,24,000 3,32,331.0
Non Institutional Investors 5,44,000 11,60,28,000 3,32,331.0
Retail Individual Investors (RIIs) 8,96,000 26,58,64,800 3,32,331.0
emp 72,000 78,400 3,32,331.0
Total 20,36,800 38,86,95,200 3,32,331.0

Strength of Lakshya Powertech Ltd

1. Experienced Promoters and Management Team.

2. Long standing relationships with customers.

3. Efficient operational team.

4. Consistent financial performance.

Risks Involved

1. Its projects are awarded through the competitive bidding process by government authorities/bodies and Private Companies. The company may not be able to qualify for, compete and win future projects, which could adversely affect its business and results of operations.

2. The company relies on its in-house designing and engineering team for project execution. Loss of employee(s) may have an adverse effect on the execution of its projects.

3. Its Registered Office, Corporate Office and Workshop from where the company operates is not owned by it.

4. Delays in the completion of current and future projects could lead to payment of liquidated damages for its engineering, procurement, construction and Commissioning ("EPCC"), which could have an adverse effect on its cash flows, business, results of operations and financial condition.

5. Increase in the prices of raw materials and labour could have an adverse effect on its business, results of operations and financial condition.

6. The Company, its Directors and its Promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make it liable to liabilities/penalties and may adversely affect its reputation, business and financial status.

7. Its actual cost in executing Projects may vary substantially from the assumptions underlying its bid or estimates. The company may be unable to recover all or some of the additional costs and expenses, which may have a material adverse effect on its results of operations, cash flows and financial condition.

8. Its business is working capital intensive. If the company experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of its operations.

9. The company has had negative cash flows from Operating, investing and financing activities in the past and a consequent net decrease in cash and cash equivalents in some of the recent years.

10. The Company is dependent on a few suppliers for purchases of products. The loss of any of these large suppliers may affect our business operations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Lakshya Powertech Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-23 93255 LAKSHYA
INE0VZS01015
₹180 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹180 ₹180
Open ₹0 ₹342
Low ₹0 ₹342
High ₹0 ₹359.1
Low ₹0 ₹342

Industry Outlook of Lakshya Powertech IPO
 

- Growing Energy Demands in India: India's rapid industrialization and urbanization have significantly increased the demand for electricity. This surge is creating opportunities for companies operating in the Engineering, Procurement, Construction, and Commissioning (EPCC) sector to expand their operations.


Focus on Renewable Energy: The Indian government’s focus on renewable energy sources such as solar, wind, and hydro has been instrumental in redefining the power sector. Lakshya Powertech is well-positioned to capitalize on this growing demand by providing innovative solutions to integrate renewable energy into the national grid.


- Supportive Government Policies: Initiatives like 'Make in India' and financial incentives for renewable energy projects are driving the growth of power infrastructure. These policies are designed to ensure the development of modern power generation and distribution systems across India.


- Technological Innovation: With the ongoing transformation of the energy sector, there is a growing emphasis on adopting cutting-edge technology for efficient power generation and distribution. Lakshya Powertech’s expertise in innovative technologies positions it to cater to this need.


- Expansion of Power Grids: India's ongoing efforts to expand and modernize its power grids offer significant growth opportunities for EPCC companies like Lakshya Powertech. This will help meet the country’s rising energy demands while maintaining efficiency and reliability in power distribution.

Frequently Asked Questions

What is Lakshya Powertech Ltd IPO?

Answer Field

Lakshya Powertech Ltd IPO is a SME IPO of 27,72,800 equity shares of a face value of ₹10 aggregating up to ₹49.91 Crores. The issue is priced at ₹180 to ₹180 per share. The minimum order quantity is 800 Shares. The IPO opens on October 16, 2024, and closes on October 18, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Lakshya Powertech Ltd IPO will open?

Answer Field

The Lakshya Powertech Ltd IPO opens on October 16, 2024 and closes on October 18, 2024.

What is the lot size of Lakshya Powertech Ltd?

Answer Field

Lakshya Powertech Ltd lot size is 800 shares, and the minimum amount required is ₹1,44,000.

How to apply for Lakshya Powertech Ltd IPO?

Answer Field

You can apply in Lakshya Powertech Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Lakshya Powertech Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Lakshya Powertech Ltd IPO will be done on October 21, 2024, and the allotted shares will be credited to your demat account by October 22, 2024.

When is Lakshya Powertech Ltd IPO listing date?

Answer Field

The Lakshya Powertech Ltd listing date is October 23, 2024.

Who is the registrar of Lakshya Powertech Ltd IPO?

Answer Field

The registrar of Lakshya Powertech Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

GYR Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Lakshya Powertech Ltd IPO?

Answer Field

The fresh issue size is ₹49.91 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Lakshya Powertech Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 800 shares and ₹1,44,000 amount.

How can I approve the UPI mandate request for Lakshya Powertech Ltd IPO?

Answer Field

To apply for Lakshya Powertech Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Lakshya Powertech Ltd?

Answer Field

The price of each Lakshya Powertech Ltd share will be ranging in between ₹180 to ₹180 per share.

What is the cut-off time for the UPI mandate for Lakshya Powertech Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 18, 2024.

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