Lakshya Powertech is a book-built issue with a total market value of ₹49.91 crores, made up solely of a fresh 27.72 lakh share issue. October 16, 2024, is when the Lakshya Powertech IPO subscription period opens and ends on October 18, 2024. The shares will be listed on the NSE SME, with a provisional listing date of Wednesday, October 23, 2024. The allotment is anticipated to be finalized on or around Monday, October 21, 2024.
The minimum lot size for the Lakshya Powertech IPO is 800 shares, and the share price range is established at ₹171 to ₹180 equity per share. Retail investors must invest a minimum of ₹1,44,000, and High-Net-Worth Individuals (HNIs) must invest a minimum of 2 lots (1,600 shares), or ₹2,88,000.
Lakshya Powertech IPO Details
| IPO Open Date | October 16, 2024 |
| IPO Close Date | October 18, 2024 |
| Listing Date | Wednesday, October 23, 2024 |
| 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 |
Lakshya Powertech Financials
Between March 31, 2024, and March 31, 2023, Lakshya Powertech Limited’s profit after tax (PAT) increased by 478% while its revenue increased by 181%.
| FY 2024 | |
| Assets | 9,415.91 |
| Revenue | 5,815.38 |
| Profit After Tax | 597.11 |
| Net Worth | 3,77 |
| ROE | 16% |
| ROCE | 13.41% |
| Debt/Equity | 0.83 |
| RoNW | 15.84% |
| P/BV | 3.49 |
| PAT Margin (%) | 10.33 |
About the Company – Lakshya Powertech
Originally starting off as a freelance power generating consultant, Lakshya Powertech is an engineering consultation and contracting company. For gas- and oil-based power generating, the company offers operations and maintenance (O&M) services. Its main business sectors are four: Petroleum and Gas, Electricity, Green Energy, and Manufacturing
Lakshya Powertech specializes in providing customized EPC services to meet the various demands of the domestic and international oil and gas, power production, and renewable energy industries. Their history is characterized by an unwavering commitment to quality, which has allowed them to carve out a unique place for themselves in the fabrication and production of vital technical and process equipment.
