Lakshya Powertech Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| 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 | 27,72,800 shares (aggregating up to ₹ 49.91 Cr) |
| Fresh Issue | 27,72,800 shares (aggregating up to ₹ 49.91 Cr) |
| Employee Discount | Rs 15 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 73,11,120 |
| Shareholding post issue | 1,00,83,920 |
| Market Maker portion | 1,48,000 shares Giriraj Stock Broking |
About Lakshya Powertech Limited IPO, GMP, Details, Price, And Review
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.
Lakshya Powertech IPO Overview
• Issue Type: Book Built Issue
• Total Issue Size: ₹ 49.91 crores
• Fresh Issue: 27.73 lakh shares
Key Dates:
• Subscription Opening Date: October 16, 2024
• Subscription Closing Date: October 18, 2024
Price Band:
• Price Range: ₹ 171 to ₹ 180 per share
Lot Size:
• Minimum Lot Size: 800 shares
Management and Support:
• Book Running Lead Manager: GYR Capital Advisors Private Limited
• Registrar: Kfin Technologies Limited
• Market Maker: Giriraj Stock Broking
Lakshya Powertech Limited IPO Reservation
| 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 |
Objectives of Dindigul Farm Product IPO
-
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. To meet Working Capital requirements.
- 2. Term Loan Repayment.
- 3. General Corporate Purpose.
Lakshya Powertech Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
5,815.38
₹ Crore
Profit After Tax
597.11
₹ Crore
Net Worth
3,770.8
₹ Crore
Total Borrowing
2,916.59
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31 Aug 2024 | 9,415.91 | 5,815.38 | 597.11 | 3,770.8 | 2,916.59 |
| 31 Mar 2024 | 8,246.31 | 14,941.92 | 1,567.77 | 3,173.71 | 2,900.04 |
| 31 Mar 2023 | 3,334.85 | 5,311.21 | 271.09 | 660.98 | 1,448.67 |
| 31 Mar 2022 | 1,758.89 | 3,421.39 | 104.58 | 389.89 | 590.43 |
| Amount in ₹ Crore | |||||
IPO Estimated Listing Return
Based on the IPO Price of ₹180 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹17094 and a lot size of 800 shares.
Lakshya Powertech Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2004-10-23 | ₹180 | ₹170(94.44%) | 2024-10-23 |
Lakshya Powertech Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| 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 |
Frequently Asked Questions
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Competitive Strengths
Extensive expertise in project management focusing on excellence in quality, health, safety, cost efficiency, and timely execution
Significant growth underpinned by a solid order book and excellent pre-qualification credentials
Integrated operational and management services supported by experienced professionals
Activities in various industries and economies
Sustainable growth and strong financial performance
Expansion of EPCC contracts alongside expansion into emerging renewables and green energy businesses
Active bidding for new projects
Building and maintaining close relationships with customers and suppliers
Download regulatory filings
Lakshya Powertech Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹ 1,44,000 |
| Retail (Max) | 1 | 800 | ₹ 1,44,000 |
| HNI (Min) | 2 | 1,600 | ₹ 2,88,000 |