Lakshya Powertech Limited is gearing up for its Initial Public Offering (IPO), presenting a unique investment opportunity for those interested in the power and energy sector. With a fresh issue of ₹49.91 crores, this book-built issue promises to attract significant investor attention. Let’s dive into the details of this IPO and what potential investors can expect.
IPO Overview
Key Details
IPO Date: October 16, 2024 – October 18, 2024
Price Band: ₹171 – ₹180 per share
Total Issue Size: 2,772,800 shares
Minimum Lot Size: 800 shares
Minimum Investment: ₹144,000 for retail investors
Timeline
Event
Date
IPO Open Date
October 16, 2024
IPO Close Date
October 18, 2024
Basis of Allotment
October 21, 2024
Initiation of Refunds
October 22, 2024
Credit of Shares to Demat
October 22, 2024
Listing Date
October 23, 2024
Company Background
About Lakshya Powertech Limited
Established in 2012, Lakshya Powertech Limited began its journey as an engineering consultancy firm. The company specializes in mechanical and electrical services and has significantly expanded its portfolio over the years. Notably, it has branched into operations and maintenance for gas-fired power plants and large-scale power generation projects.
Service Areas
Lakshya Powertech operates across four main sectors:
Engineering, Procurement, Construction, and Commissioning (EPCC)
Integrated Operation and Maintenance Services
Specialty Services
Oil and Gas Sector Services
Competitive Strengths
Lakshya Powertech’s competitive edge lies in:
Extensive project management expertise, ensuring quality, safety, and cost efficiency.
A solid order book indicating strong growth potential.
Established relationships with both public and private sector clients.
Clientele
The company has successfully collaborated with renowned clients such as Gmmco Limited and Equinox Engineering Limited, showcasing its reputation in the industry.
Financial Performance
Lakshya Powertech has demonstrated impressive financial growth over the years. The company’s revenue surged by 181% and profit after tax (PAT) rose by a staggering 478% from the fiscal year ending March 31, 2023, to March 31, 2024. Below is a snapshot of the company’s financials:
Financial Summary
Period Ended
Revenue (₹ Lakhs)
Profit After Tax (PAT) (₹ Lakhs)
Net Worth (₹ Lakhs)
August 31, 2024
5,815.38
597.11
3,770.80
March 31, 2024
14,941.92
1,567.77
3,173.71
March 31, 2023
5,311.21
271.09
660.98
Use of Proceeds
The proceeds from the Lakshya Powertech IPO will be allocated towards:
Repayment of outstanding borrowings.
Funding the company’s working capital requirements.
General corporate purposes.
FAQs
1. What is the minimum investment required for Lakshya Powertech IPO?
The minimum investment for retail investors is ₹144,000 for 800 shares.
2. When does the Lakshya Powertech IPO open and close?
The IPO opens for subscription on October 16, 2024, and closes on October 18, 2024.
3. What is the price band for the Lakshya Powertech IPO?
The price band is set between ₹171 and ₹180 per share.
4. Who are the promoters of Lakshya Powertech?
The promoters are Mr. Rajesh Anne and Mrs. Priya Bandhavi Anne.
5. How will the funds raised from the IPO be utilized?
The funds will be used for repaying borrowings, working capital needs, and general corporate purposes.
