Lakshya Powertech Limited IPO (Lakshya Powertech IPO) Detail, IPO Date, Price, GMP & Allotment 2024

Lakshya Powertech Limited IPO Overview

Lakshya Powertech IPO is a book-built issue valued at ₹49.91 crore, comprising a fresh issue of 27.73 lakh shares. The IPO opens for subscription from October 16 to October 18, 2024, with a price band of ₹171 to ₹180 per share. Retail investors can apply for a minimum lot size of 800 shares, requiring an investment of ₹144,000, while HNI investors must apply for at least 1,600 shares, totaling ₹288,000. The issue includes a special reservation of 72,000 shares for employees at a ₹15 discount per share.

The allotment for the Lakshya Powertech IPO is expected on October 21, 2024, with the listing date tentatively set for October 23, 2024, on NSE SME. GYR Capital Advisors Private Limited is the book-running  lead manager for the issue, and Kfin Technologies Limited is the registrar. Giriraj Stock Broking serves as the market maker for the IPO.

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

Lakshya Powertech Limited Financial Performance

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.

Lakshya Powertech Limited IPO Key Performance Indicator

The market capitalization of Lakshya Powertech IPO is Rs 181.51 Cr.

KPI as of August 31, 2024.

Lakshya Powertech Limited IPO Objectives

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
2. Funding working capital requirements of the Company; and
3. General Corporate Purposes.

Lakshya Powertech Limited IPO Lot Size

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.

Lakshya Powertech Limited IPO Details

Lakshya Powertech Limited Company Overview and Services

Lakshya Powertech Limited IPO SWOT Analysis

Strengths:

• Established Track Record: Operating since 2012, Lakshya Powertech has developed a strong foothold in the power generation, oil and gas, and renewable energy sectors, successfully executing over 138 projects.
• Diverse Service Portfolio: The company’s services span Engineering, Procurement, Construction, and Commissioning (EPCC), Integrated Operation & Maintenance (O&M), and Specialty Services, offering a comprehensive solution to its clients.
• Global Presence: Expanding into international markets, including securing EPC contracts in Malaysia, has increased its global footprint.
• Strong Client Relationships: The company works with a wide range of public and private sector clients, including Gmmco Limited and Equinox Engineering Limited.
• Skilled Workforce: With 912 employees, the company benefits from a large pool of skilled professionals, enhancing its operational capabilities.

Weaknesses:

• Dependency on Key Clients: A significant portion of revenue may come from a limited number of clients, making the company vulnerable to fluctuations in their demands.
• Limited Market Share in Renewables: While the company has ventured into the renewable energy sector, its share in this emerging market is still relatively small compared to major players.
• Operational Challenges: Managing large-scale projects in multiple regions can create operational complexities, potentially leading to delays or cost overruns.

Opportunities:

• Renewable Energy Expansion: As the world shifts towards clean energy, Lakshya Powertech’s expansion into renewable energy EPCC contracts presents significant growth opportunities.
• Government Push for Infrastructure: The Indian government’s increased focus on infrastructure development, especially in the power sector, could lead to more contracts for the company.
• Technological Advancements: Leveraging new technologies in project management, automation, and energy efficiency can help the company deliver services more effectively and expand its competitive edge.

Threats:

• Economic Slowdowns: Any economic downturn or decrease in industrial activity, both domestically and globally, could reduce the demand for the company’s services.
• Intense Competition: The company faces strong competition from both local and international players in the EPCC and O&M sectors, which could affect profitability.
• Regulatory and Environmental Challenges: Strict environmental regulations, especially in the oil and gas and energy sectors, could increase operational costs or limit growth.

Lakshya Powertech Limited IPO GMP Details

Lakshya Powertech SME IPO last GMP is ₹51, last updated Oct 10th 2024. With the price band of 180.00, Lakshya Powertech SME IPO’s estimated listing price is ₹231 (cap price + today’s GMP).The expected percentage gain/loss per share is 28.33%.

Stay tuned to learn more about Lakshya Powertech SME IPO daily GMP performance and expected expected listing price.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
10-10-2024	180.00	₹51	31000	₹231 (28.33%)	10-Oct-2024
09-10-2024	180.00	₹51	31000	₹231 (28.33%)	9-Oct-2024

Lakshya Powertech Limited IPO subscription status 

Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Lakshya Powertech Limited IPO Allotment status 

The allotment status of Lakshya Powertech IPO is expected to be available on October 21, 2024.

Lakshya Powertech IPO allotment status is not available at this time. Lakshya Powertech IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Lakshya Powertech Limited IPO allotment status.

To check Lakshya Powertech IPO allotment status, follow the steps below:

1. Click on the below allotment status check button.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to Lakshya.ipo@kfintech.com.

Lakshya Powertech Limited Contact Details

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/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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