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Lakshya Powertech IPO Date, Review, Price, Allotment Details
Lakshya Powertech IPO is opening for subscription on October 16, 2024, and closing on October 18, 2024. This NSE SME IPO aims to raise ₹49.91 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Lakshya Powertech IPO is fixed at ₹171- ₹180 Per Share, with a market lot of 800 shares.The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Lakshya Powertech IPO Allotment will done on October 21, 2024, and Lakshya Powertech IPO listing date is October 23, 2024.
Lakshya Powertech Company Profile
Lakshya Powertech Limited, incorporated in 2012, is a Gujarat-based engineering consultancy and contracting company. Headquartered in Ahmedabad, it has operational footprints extending to Dadra and Nagar Haveli. The company is distinguished for its expertise in mechanical and electrical services, specifically focusing on industries such as oil and gas, power, renewable energy, and industrial sectors.
The company is preparing to launch its IPO, and here’s a comprehensive breakdown of its offerings, financials, and upcoming IPO details.
Core Business and Expertise
Lakshya Powertech provides a wide array of mechanical and electrical services catering to industries critical to the nation’s infrastructure and energy sector. The company primarily focuses on four major sectors:
- Oil and Gas: Providing solutions for upstream, midstream, and downstream projects, ensuring operational efficiency and safety.
- Power Sector: Engaging in power generation, transmission, and distribution projects.
- Renewable Energy: Delivering engineering and contracting services for solar, wind, and other renewable energy projects.
- Industrial Services: Focusing on large-scale mechanical and electrical installations for industrial complexes.
Over the years, Lakshya Powertech has established a reputation for delivering high-quality, safe, and efficient services. The company has successfully executed 138 main projects, including some high-value and complex projects. A standout project in its portfolio was valued at ₹136.90 crores, demonstrating its capability to manage and deliver on large-scale contracts.
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Lakshya Powertech IPO Objectives
The funds raised through the IPO will be utilized for:
- Prepayment or Repayment of all or a portion of certain outstanding borrowings of the company.
- Funding Working Capital Requirements.
- General Corporate Purposes.
Lakshya Powertech IPO Key Details
- Lakshya Powertech IPO Open Date: October 16, 2024
- Lakshya Powertech IPO Close Date: October 18, 2024
- Lakshya Powertech IPO Size: Approximately ₹49.91 Crores, Equity Shares
- Face Value: ₹10 Per Equity Share
- Lakshya Powertech IPO Price Band: ₹171- ₹180 Per Equity Share
- Lakshya Powertech IPO Listing on: NSE SME IPO
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- HNI Quota: 15% of the net offer
Lakshya Powertech IPO Timeline
- Lakshya Powertech IPO Open Date: October 16, 2024
- Lakshya Powertech IPO Close Date: October 18, 2024
- Basis of Allotment: October 21, 2024
- Refunds: October 22, 2024
- Credit to Demat Account: October 22, 2024
- Lakshya Powertech IPO Listing Date: October 23, 2024
How to Apply for Lakshya Powertech IPO
Investors can apply for the Lakshya Powertech IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.
Lakshya Powertech Financial Performance (in Crores)
- Year 2022: Revenue: ₹34.21 Cr, Expense: ₹32.73 Cr, Profit After Tax: ₹1.05 Cr, Assets: ₹17.59 Cr
- Year 2023: Revenue: ₹53.11 Cr, Expense: ₹49.29 Cr, Profit After Tax: ₹2.71 Cr, Assets: ₹33.35 Cr
- Year 2024: Revenue: ₹149.42 Cr, Expense: ₹129.10 Cr, Profit After Tax: ₹15.68 Cr, Assets: ₹82.46 Cr.
Lakshya Powertech Valuation FY2024
- Return on Equity (ROE): 77.43%
- Return on Capital Employed (ROCE): 37.00%
- EBITDA Margin: 15.52%
- Profit After Tax (PAT) Margin: 10.08%
- Debt to Equity Ratio: 0.91
- Earnings Per Share (EPS): ₹20.74 (Basic)
- Price/Earnings (P/E) Ratio: N/A
- Return on Net Worth (RoNW): 46.71%
- Net Asset Value (NAV): ₹389.89
Lakshya Powertech Peer Group
- Asian Energy Services Limited: EPS: ₹6.64, P/E Ratio: 41.77, RoNW: N/A, NAV: ₹10, Revenue: ₹311.28 Cr.
Engineers India Limited: EPS: ₹7.92, P/E Ratio: 25.50, RoNW: N/A, NAV: ₹5, Revenue: ₹3,500.02 Cr.
Lakshya Powertech Company Promoters
- Mr. Rajesh Anne
- Mrs. Priya Bandhavi Anne
Lakshya Powertech IPO Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: Lakshya.ipo@kfintech.com
Lakshya Powertech IPO Allotment Status Check
- Check the Lakshya Powertech IPO allotment status on the Kfin Technologieswebsite.
Lakshya Powertech IPO Allotment Link
- Check the Lakshya Powertech IPO allotment on the Check Ipo Allotment website.
Lakshya Powertech IPO Lead Managers (Merchant Bankers)
- GYR Capital Advisors Private Limited
Lakshya Powertech Company Address
A-620 & 621 Siddhivinayak Tower – A
B/H DCP Office Off. S.G. Highway~
Makarba Jivraj Park
Ahmedabad,Gujarat-380051 India
Website: https://www.lakshyapowertech.com/
Phone: +91 9898577752
Email: investor@lakshyapowertech.com
Lakshya Powertech IPO FAQs
What is Lakshya Powertech IPO?
Lakshya Powertech IPO is an NSE SME IPO. They are going to raise ₹49.91 Crores via IPO. The issue is priced at ₹171- ₹180 Per equity share. The IPO is to be listed on NSE.
When will the Lakshya Powertech IPO open?
The IPO is to open on October 16, 2024, for NII, and Retail Investors.
What is Lakshya Powertech IPO Investors Portion?
The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.
How to Apply for the Lakshya Powertech IPO?
You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply Gala Precision Engineering IPO through M-Stock?
For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.
How to Apply the Lakshya Powertech IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Lakshya Powertech IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.
What is Lakshya Powertech IPO Size?
Lakshya Powertech IPO size is ₹49.91 Crores.
What is Lakshya Powertech IPO Price Band?
Lakshya Powertech IPO Price Band is ₹171- ₹180 Per equity share.
What is Lakshya Powertech IPO Minimum and Maximum Lot Size?
The IPO bid is 800 shares with ₹144,000.
What is Lakshya Powertech IPO Allotment Date?
Lakshya Powertech IPO allotment date is October 21, 2024.
What is Lakshya Powertech IPO Listing Date?
Lakshya Powertech IPO listing date is October 23, 2024. The IPO to list on NSE SME IPO.
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