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Lakshya Powertech IPO is a book built issue of Rs 49.91 crores. The issue is entirely a fresh issue of 27.73 lakh shares.
Lakshya Powertech IPO opens for subscription on October 16, 2024 and closes on October 18, 2024. The allotment for the Lakshya Powertech IPO is expected to be finalized on Monday, October 21, 2024. Lakshya Powertech IPO will list on NSE SME with tentative listing date fixed as Wednesday, October 23, 2024.
Lakshya Powertech IPO price band is set at ₹171 to ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹288,000.
The issue includes a reservation of up to 72,000 shares for employees offered at a discount of Rs 15 to the issue price.
GYR Capital Advisors Private Limited is the book running lead manager of the Lakshya Powertech IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Lakshya Powertech IPO is Giriraj Stock Broking.
Refer to Lakshya Powertech IPO RHP for detailed information.
| IPO Date | October 16, 2024 to October 18, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹171 to ₹180 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 2,772,800 shares (aggregating up to ₹49.91 Cr) |
| Fresh Issue | 2,772,800 shares (aggregating up to ₹49.91 Cr) |
| Employee Discount | Rs 15 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,311,120 |
| Share holding post issue | 10,083,920 |
| Market Maker portion | 148,000 shares Giriraj Stock Broking |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
Lakshya Powertech IPO raises Rs 13.39 crore from anchor investors. Lakshya Powertech IPO Anchor bid date is October 15, 2024. Lakshya Powertech IPO Anchor Investors list
| Bid Date | October 15, 2024 |
| Shares Offered | 744,000 |
| Anchor Portion Size (In Cr.) | 13.39 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 19, 2025 |
Lakshya Powertech IPO opens on October 16, 2024, and closes on October 18, 2024.
| IPO Open Date | Wednesday, October 16, 2024 |
| IPO Close Date | Friday, October 18, 2024 |
| Basis of Allotment | Monday, October 21, 2024 |
| Initiation of Refunds | Tuesday, October 22, 2024 |
| Credit of Shares to Demat | Tuesday, October 22, 2024 |
| Listing Date | Wednesday, October 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 18, 2024 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| HNI (Min) | 2 | 1,600 | ₹288,000 |
| Lot Size Calculator | |||
Mr. Rajesh Anne and Mrs. Priya Bandhavi Anne are the company's promoters.
| Share Holding Pre Issue | 96.84% |
| Share Holding Post Issue |
Established in 2012, Lakshya Powertech Limited started as an engineering consultancy firm specializing in mechanical and electrical services. The company quickly expanded from freelance power generation consultancy into operations and maintenance (O&M) for gas-fired power plants and large power generation projects.
By diversifying into the oil and gas sector, the company expanded its services and strengthened its position in the industry. An EPC contract in the renewable energy sector in Malaysia and growth in oil and gas plant maintenance and repair marked the company's global reach.
Lakshya Powertech's services are divided into four main areas: (i) Engineering, Procurement, Construction, and Commissioning; (ii) Integrated Operation and Maintenance Services; (iii) Specialty Services.
The company has successfully executed more than 138 projects with the major projects completed amounting to approximately Rs. 13690.68 lakhs.
Competitive Strengths:
The company works with both public and private sector entities. The company's clients include Gmmco Limited, Equinox Engineering Limited, and many other prestigious companies and government institutions.
As of May 31, 2024, the company had 912 employees on its payroll.
Lakshya Powertech Limited's revenue increased by 181% and profit after tax (PAT) rose by 478% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 9,415.91 | 8,246.31 | 3,334.85 | 1,758.89 | ||||||||||||||||||||||||||||||||||||
| Revenue | 5,815.38 | 14,941.92 | 5,311.21 | 3,421.39 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 597.11 | 1,567.77 | 271.09 | 104.58 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,770.8 | 3,173.71 | 660.98 | 389.89 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 3,039.69 | 2,442.6 | 650.98 | 379.89 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,916.59 | 2,900.04 | 1,448.67 | 590.43 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Lakshya Powertech IPO is Rs 181.51 Cr.
KPI as of August 31, 2024.
| KPI | Values |
|---|---|
| ROE | 16% |
| ROCE | 13.41% |
| Debt/Equity | 0.83 |
| RoNW | 15.84% |
| P/BV | 3.49 |
| PAT Margin (%) | 10.33 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 21.44 | 14.21 |
| P/E (x) | 8.39 | 12.67 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is engaged in providing EPC related services for power generation and oil and gas sector. It has orders worth Rs. 265+ cr. on hand as of 31.08.24. The sudden boost in its top and bottom lines from FY24 onwards raise concern. Based on FY25 annualized super earnings, the issue appears lucratively priced. Investors may park funds for medium to long term. Read detail review...
Lakshya Powertech Limited
A-620 & 621 Siddhivinayak Tower - A,
B/H DCP Office, Off. S.G. Highway,
Makarba, Jivraj Park, Ahmedabad - 380051
Phone: +91 9898577752
Email: investor@lakshyapowertech.com
Website: https://www.lakshyapowertech.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: Lakshya.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Lakshya Powertech IPO is a SME IPO of 2,772,800 equity shares of the face value of ₹10 aggregating up to ₹49.91 Crores. The issue is priced at ₹171 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 Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Lakshya Powertech IPO using UPI as a payment gateway. Zerodha customers can apply in Lakshya Powertech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lakshya Powertech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lakshya Powertech IPO opens on October 16, 2024 and closes on October 18, 2024.
Lakshya Powertech IPO lot size is 800 Shares, and the minimum amount required is ₹144,000.
You can apply in Lakshya Powertech 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Lakshya Powertech IPO will be done on Monday, October 21, 2024, and the allotted shares will be credited to your demat account by Tuesday, October 22, 2024. Check the Lakshya Powertech IPO allotment status.
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