Lakshya Powertech IPO opened today for a Rs 50 Crore issue price and on its first day only it got oversubscription, more than 61 times, which showed a robust demand among investors. That’s why it’s crucial to do postpartum of this IPO.
So let’s understand everything about Lakshy Powertech IPO from Date to GMP And Campany’s performance. Everything In this article
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Lakshya Powertech IPO Details
1) Lakshya Powertech IPO Date: Its initial public offering (IPO) opens on Wednesday, October 16, 2024, and will close on Friday, October 18, 2024. The company may finalize the allotment of the shares on Monday, October 21, 2024. Selected Investors in this IPO can expect the shares in their demat account on Tuesday, October 22, 2024, and on the same day rejected participants will be refunded. This Ipo will list on Wednesday, October 23, 2024.
2) Lakshya Powertech IPO Price: This company wants approximately Rs 50 Cr from the public in this IPO, with a price band of Min Rs 171 per share to Max Rs 180 per share. Its face value is Rs 10 per share. In this IPO company is distributing 2,772,800 shares to the public in exchange for Rs 49.91 Cr.
3) Lakshya Powertech IPO GMP: Today’s GMP is in an upward trend which shows a strong listing. Last updated on October 16, 2024, at 6:25 PM, Lakshya Powertech AME IPO last GMP is Rs 169. With the price band of Rs 180, the SME IPO estimated listing price is Rs 349 which includes (price cap + today’s GMP). GMP on 16-10-2024 is Rs 169, Tomorrow on 15-10-2024 was Rs 169, on 14-10-2024 was Rs 135, On 13-10-2024 was Rs 135, on 12,11, and 10-10-2024 was Rs 100.
4) Lakshya Powertech IPO Lot and listing: with a total of 2,772,800 shares for this IPO to raise Rs49.91 Cr investors will get a lot size of 800 shares which will cost Rs144,000 for retail investors. This issue type is a book-built-issue IPO where CYR Capital Advisors Private Limited is the book-running lead manager and Kfin Technology Limited is the registrar for this issue. This IPO will be listed on the NSE SME stock exchange on October 23, 2024.
5) Lakshya Powertech IPO Reservation: Out of 2,772,800 shares 5,28,800 shares around 19% are reserved for Qualified Institutional Buyers (QIBs), 3,96,000 shares around 15% are reserved for NII (HNI), 8,96,000 share around 32.22% are reserved for Retail investors and so on.
Lakshya Powertech Limited Overview
Established in 2012, this company started as an engineering consultancy in mechanical and electric services. And expanded its services quickly from freelance power generation consultancy to operation and maintenance in gas-fired power plants and large power generation projects.
The company marked its global reach because of an EPC contract in the renewable energy sector in Malaysia and growth in oil and gas maintenance and repair. Lakshya Powertech Limited has accomplished more than 138 projects with major projects completed costing around RS13690.68 Lakh. As of May 31, 2024 company had 912 employees on its payroll.
Lakshaya Powetech Limited Financial Performance
Between the Financial Year (FY) ending with March 31, 2024, and March 31, 2023, Lakshya Powertech Limited Expanded its revenue by 181%, and Profit after Tax (PTA) Increased by 478%. In Financial Year (FY) 2022 earned a Profit after Tax (PTA) of Rs 104.58 Lakh, FY 2023 PTA was 271.09 Lakh, FY 2024 PTA was 1,567.77 Lakh and for Financial Year 2025 Copanay has already created Profit After Tax (PTA) of 597.11 Lakhs and several months are left in this Financial Year.
The data for the previous 3 years shows continuous expansion and the company didn’t go in a loss for the 4 years which is showing a positive point for investors.
What Are Objects Behind Lakshya Powertech Limited IPO?
The company wants to prepay or payment of all or a portion of outstanding borrowing availed by the company, and wants to fund the working capital requirement of the company and for general corporate purposes.
Disclaimer: All the above information is from the individual Analysts, Experts, and Brokerage firms, not from Biznet Duniya. So, we recommend that conduct your own study with certified experts before making any investment decision.
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