Lakshya Powertech IPO description – Lakshya Powertech is an engineering consultancy and contracting company that began as a freelance consultancy focused on power generation. The company provides operations and maintenance (O&M) services for gas and oil-based power generation. It operates primarily in four sectors: Oil and Gas, Power, Renewable Energy, and Industrial.
Lakshya Powertech’s services are divided into three main categories: (i) Engineering, Procurement, Construction & Commissioning (EPCC), (ii) Integrated Operation & Maintenance Services, and (iii) Special Services. The company has expanded its global presence by securing an EPC contract in the renewable energy sector in Malaysia. Lakshya Powertech has successfully executed more than 138 projects, valued at approximately INR 136.91 crores.
These include projects for industry leaders such as Kirloskar Pneumatic, Megha Engineering & Infrastructures, Raub Energy, IOCL, Vedanta, and Subham Inc. As of 31 May 2024, the company has 44 major ongoing projects, with confirmed orders for projects worth approximately INR 421.42 crores. As of the same date, Lakshya Powertech employs 912 individuals on payroll.
Promoters of Lakshya Powertech – Mr. Rajesh Anne, and Mrs. Priya Bandhavi Anne
Table of Contents
Lakshya Powertech IPO Details
| Lakshya Powertech IPO Dates | 16 – 18 October 2024 |
| Lakshya Powertech Issue Price | INR 171 – 180 per share (Employee Discount INR 15 per share) |
| Fresh issue | 27,72,800 shares (INR 47.41 – 49.91 crore) |
| Offer For Sale | NIL |
| Total IPO size | 27,72,800 shares (INR 47.41 – 49.91 crore) |
| Minimum bid (lot size) | 800 shares (INR 1,44,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Lakshya Powertech Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 | 5M FY 2025 |
| Revenue | 34.14 | 53.05 | 148.13 | 57.80 |
| Expenses | 32.73 | 49.29 | 129.10 | 50.43 |
| Net income | 1.05 | 2.71 | 15.68 | 5.97 |
Lakshya Powertech Offer News
- Lakshya Powertech IPO Allotment Status
- Lakshya Powertech RHP
- Lakshya Powertech Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Lakshya Powertech Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 4.36 | 11.30 | 21.75 |
| PE ratio | – | – | 7.86 – 8.28 |
| RONW (%) | 26.82 | 41.01 | 49.40 |
| NAV | 16.25 | 27.54 | 43.41 |
| ROCE (%) | 17.42 | 20.55 | 36.56 |
| EBITDA (%) | 5.90 | 8.99 | 15.52 |
| Debt/Equity | 1.51 | 2.19 | 0.95 |
Lakshya Powertech IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 22 October 2024 | 185 | – | 1,10,000 |
| 21 October 2024 | 185 | – | 1,10,000 |
| 19 October 2024 | 165 | – | 1,00,000 |
| 18 October 2024 | 165 | – | 1,00,000 |
| 17 October 2024 | 165 | – | 1,00,000 |
| 16 October 2024 | 165 | – | 1,00,000 |
| 15 October 2024 | 120 | – | 75,000 |
| 14 October 2024 | 100 | – | 68,500 |
| 11 October 2024 | 80 | – | 50,000 |
| 10 October 2024 | 50 | – | 30,000 |
Lakshya Powertech IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 5,16,800 | 3,96,000 | 8,96,000 | 72,000 | 18,80,800 |
| 18 Oct 2024 | 215.46 | 1,118.13 | 590.26 | 1.54 | 575.88 |
| 17 Oct 2024 | 12.98 | 206.20 | 250.90 | 1.06 | 166.55 |
| 16 Oct 2024 | 1.39 | 63.75 | 97.34 | 0.64 | 60.20 |
The market maker reservation portion of 1,48,000 shares and anchor allocation of 7,44,000 shares are not included in the above calculations.
Lakshya Powertech IPO Dates & Listing Performance
| IPO Opening Date | 16 October 2024 |
| IPO Closing Date | 18 October 2024 |
| Finalization of Basis of Allotment | 21 October 2024 |
| Initiation of refunds | 22 October 2024 |
| Transfer of shares to demat accounts | 22 October 2024 |
| IPO Listing Date | 23 October 2024 |
| Opening Price on NSE SME | INR 342 per share (up 90%) |
| Closing Price on NSE SME | INR 359.10 per share (up 99.50%) |
Lakshya Powertech Offer Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 877 756 4648
Email:Â [email protected]
Website:Â www.gyrcapitaladvisors.com
Lakshya Powertech Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone:Â +91 40 6716 2222
Email:Â [email protected]
Website:Â www.kfintech.com
Lakshya Powertech Issue Contact Details
LAKSHYA POWERTECH LIMITED
401 Primark Raghavendra Nilayam,
Raghavendra Nagar Kondapur, K.V. Rangareddy,
Serilingampally, Telangana 500084, India,
Phone: +91 9898577752
E-mail: [email protected]
Website: www.lakshyapowertech.com
IPO FAQs
What is Lakshya Powertech offer size?
Lakshya Powertech offer size is INR 47.41 – 49.91 crores.
What is Lakshya Powertech offer price band?
Lakshya Powertech public offer price is INR 171 – 180 per share.
What is the lot size of Lakshya Powertech IPO?
Lakshya Powertech offer lot size is 800 shares.
What is Lakshya Powertech IPO GMP today?
Lakshya Powertech IPO GMP today is INR 185 per share.
What is Lakshya Powertech kostak rate today?
Lakshya Powertech kostak rate today is INR NA per application.
What is Lakshya Powertech IPO Subject to Sauda rate today?
Lakshya Powertech’s Subject to Sauda rate today is INR 1,10,000 per application.
Very useful and informative blogs.