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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
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Lakshya Powertech Limited IPO, GMP, Details, Price, And Review GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2004-10-23 | 180 | 170(94.44%) | 2024-10-23 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Lakshya Powertech Limited IPO, GMP, Details, Price, And Review 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 | 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 |
| Shareholding pre issue | 7,311,120 |
| Shareholding post issue | 10,083,920 |
| Market Maker portion | 148,000 shares Giriraj Stock Broking |
Lakshya Powertech Limited IPO, GMP, Details, Price, And Review Timeline
| Detail | Description |
|---|---|
| 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 |
Lakshya Powertech Limited IPO, GMP, Details, Price, And Review Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| HNI (Min) | 2 | 1,600 | ₹288,000 |
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 |
Lakshya Powertech Limited IPO, GMP, Details, Price, And Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 96.84% | - |
Competitive Strength:
- ● 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
Lakshya Powertech Limited IPO, GMP, Details, Price, And Review Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
RHP:
View RHPDRHP:
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Frequently Asked Questions (FAQs)
-
What is Lakshya Powertech IPO?
Lakshya Powertech IPO is a main-board IPO. The company is going to raise ₹49.91 Crores via IPO. The issue is priced at ₹171 to ₹180 per equity share. The IPO is to be listed on NSE.
-
When will Lakshya Powertech IPO open for subscription?
The IPO is to open on October 16, 2024, for QIB, NII, and Retail Investors. The IPO will close on October 18, 2024.
-
What is Lakshya Powertech IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Lakshya Powertech IPO Issue Size?
Lakshya Powertech IPO issue size is ₹49.91 crores.
-
What is Lakshya Powertech IPO Price Band?
Lakshya Powertech IPO Price Band is ₹171 to ₹180.
-
What is Lakshya Powertech IPO Lot Size?
The minimum bid is 800 Shares with ₹144,000 amount.
-
What is the Lakshya Powertech IPO Allotment Date?
Lakshya Powertech IPO allotment date is October 21, 2024.
-
What is the Lakshya Powertech IPO Listing Date?
Lakshya Powertech's IPO listing date is October 23, 2024. The IPO is to be listed on the NSE.
