Lakshya Powertech IPO
IPO Listing Details
- Listing Date
23 Oct 2024
- Listing Price
₹ 342.00
- Listing Change
90.00%
- Last Traded Price
₹ 289.55
IPO Details
- Open Date
16 Oct 2024
- Close Date
18 Oct 2024
- IPO Price Range
₹ 171- ₹ 180
- IPO Size
₹ 49.91 Cr
- Listing Exchange
NSE SME
- Listing Date
23 Oct 2024
IPO Timeline
Lakshya Powertech IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 16-10-24 | 1.37 | 64.61 | 100.68 | 61.71 |
| 17-10-24 | 12.78 | 206.46 | 253.49 | 167.13 |
| 18-10-24 | 12.82 | 376.02 | 349.36 | 248.17 |
Last Updated: 18 October 2024 6:37 PM by 5Paisa
Lakshya Powertech IPO is set to open on 16 October 2024 and will close on 18 October 2024. Lakshya Powertech began as an engineering consultancy firm focusing on mechanical and electrical services.
The IPO includes a fresh issue of 27.73 lakh shares aggregating ₹49.91 Cr and does not include OFS. The price range is set between ₹171 - ₹180 per share and the lot size is 800 shares.
The allotment is scheduled to be finalized on 21 October 2024. It will go public on NSE SME, with a tentative listing date of 23 October 2024.
GYR Capital Advisors Private Limited is the book running lead manager, while Kfin Technologies Limited is the registrar.
Lakshya Powertech IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹49.91 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹49.91 Cr |
Lakshya Powertech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| HNI (Min) | 2 | 1,600 | ₹288,000 |
Lakshya Powertech IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 12.82 | 5,24,800 | 67,25,600 | 121.06 |
| NII (HNI) | 376.02 | 3,96,000 | 14,89,04,800 | 2,680.29 |
| Retail | 349.36 | 8,96,000 | 31,30,22,400 | 5,634.40 |
| Total | 248.17 | 18,88,800 | 46,87,38,400 | 8,437.29 |
Lakshya Powertech IPO Anchor Allocation
| Anchor Bid Date | 15 October, 2024 |
| Shares Offered | 744,000 |
| Anchor portion Size (In ₹ Cr.) | 13.39 |
| Anchor lock-in period end date for 50% shares (30 Days) | 20 November, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 19 January, 2025 |
1. Prepayment/repayment of certain borrowings
2. Funding working capital needs
3. General corporate purposes
Lakshya Powertech founded in 2012, began as an engineering consultancy focused on mechanical and electrical services. It quickly grew from providing freelance power generation consultancy to managing operations and maintenance (O&M) for gas-fired power plants and major power projects.
The company expanded into the oil and gas sector which strengthened its position in the industry. It also secured an EPC contract in the renewable energy sector in Malaysia and grew its maintenance and repair services for oil and gas plants globally.
Lakshya Powertech operates in various key areas like Engineering, Procurement, Construction and Commissioning, Integrated Operation and Maintenance Services and Specialty Services.
With over 138 completed projects totaling around ₹13690.68 lakhs, the company serves both public and private sector clients including Gmmco Limited and Equinox Engineering Limited. As of 31 May 2024, the company employed 912 people.
Peers
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 149.42 | 53.11 | 34.21 |
| EBITDA | 23.19 | 4.78 | 2.02 |
| PAT | 15.68 | 2.71 | 1.05 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 82.46 | 33.35 | 17.59 |
| Share Capital | 8.31 | 0.10 | 0.10 |
| Total Borrowings | 29 | 14.49 | 5.90 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -22.18 | -6.45 | -2.18 |
| Net Cash Generated From / (used in) investing activities | -0.57 | -1.30 | -0.65 |
| Net Cash Generated From / (used in) financing activities | 22.76 | 8.07 | 0.81 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.01 | 0.31 | -2.02 |
Strengths
1. The company has extensive experience in project management, emphasizing quality, health, safety, cost efficiency and timely execution. This expertise enhances the company's reputation and increases the likelihood of successful project delivery.
2. The company's asset light approach allows for greater flexibility and lower capital expenditure enhancing operational efficiency.
3. Lakshya Powertech serves a wide range of customers across various geographies and industries reducing dependency on any single market.
Risks
1. The logistics industry is highly competitive and Lakshya Powertech may face challenges in maintaining market share against established players and new entrants.
2. The company's performance could be affected by economic downturns which may lead to reduced demand for logistics services across sectors.
3. Changes in regulations or compliance requirements in the logistics sector can impose additional operational costs and challenges, impacting profitability.
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FAQs
Lakshya Powertech IPO opens from 16 October to 18 October 2024.
The size of the Lakshya Powertech IPO is ₹49.91 Cr.
The price of the Lakshya Powertech IPO is fixed at ₹171 - ₹180 per share.
To apply for Lakshya Powertech IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Lakshya Powertech IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Lakshya Powertech IPO is 800 shares and the investment required is ₹1,36,800.
The share allotment date of Lakshya Powertech IPO is 21 October 2024.
The Lakshya Powertech IPO will be listed on 23 October 2024.
GYR Capital Advisors Private Limited is the book running lead manager for Lakshya Powertech IPO.
Lakshya Powertech plans to utilize the raised capital from the IPO for:
1. Prepayment/repayment of certain borrowings
2. Funding working capital needs
3. General corporate purposes
Contact Information
Lakshya Powertech
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/
Lakshya Powertech IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: Lakshya.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Lakshya Powertech IPO Lead Manager
GYR Capital Advisors Private Limited
