Lakshya Powertech IPO: Lakshya Powertech Limited is going to initiate an Initial Public Offering (IPO) with the goal of raising ₹49.91 crores by issuing a new batch of 27.72 lakh shares. October 16, 2024, is the start of the IPO subscription period, which runs through October 18, 2024. With a provisional listing date of October 23, 2024 on the NSE SME, the allotment is expected to be completed by October 21, 2024.
There is a minimum lot size of 800 shares and a predetermined price band of ₹171 to ₹180 per equity share for the Lakshya Powertech IPO. Retail investors will therefore need to contribute a minimum of ₹1,44,000, while High-Net-Worth Individuals (HNIs) will need to contribute 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
The profit after tax (PAT) of Lakshya Powertech Limited climbed by 478% and its revenue by 181% between the fiscal year that ended on March 31, 2023, and March 31, 2024.
| FY 2024 | |
| Assets | 9,415.91 |
| Revenue | 5,815.38 |
| Profit After Tax | 597.11 |
| Net Worth | 3,770 |
| 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
Incorporated in Gujarat, Dadra, and Nagar Haveli in 2012, Lakshya Powertech Limited is a renowned engineering consulting and contracting firm that specializes in mechanical and electrical services. It has forged significant alliances with the oil, gas, power, renewable energy, and industrial sectors. Furthermore, delivering quality and safety to the client requires a significant commitment.
The business offers EPC-related services to the oil & gas and power generation industries. As of August 31, 2024, it had orders totaling about Rs. 265 crore in stock. It is concerning that its top and bottom lines began to increase sharply in FY24. An analysis of FY25 annualized super profits suggests that the issue is properly valued.
