Lakshya Powertech Limited started as an engineering consultancy firm specializing in mechanical and electrical services. The company quickly expanded from freelance power generation consultancy into operations and maintenance (O&M) for gas-fired power plants and large power generation projects.
By diversifying into the oil and gas sector, the company expanded its services and strengthened its position in the industry. An EPC contract in the renewable energy sector in Malaysia and growth in oil and gas plant maintenance and repair marked the company’s global reach.
Lakshya Powertech’s services are divided into three main areas:
- Engineering, Procurement, Construction, and Commissioning;
- Integrated Operation and Maintenance Services;
- Specialty Services.
The company has successfully executed more than 138 projects with the major projects completed amounting to approximately Rs. 13690.68 lakhs.
The company works with both public and private sector entities. The company’s clients include Gmmco Limited, Equinox Engineering Limited, and many other prestigious companies and government institutions.
As of May 31, 2024, the company had 912 employees on its payroll.
Lakshya Powertech IPO – Details
| IPO Opening Date | 16 October 2024 |
| IPO Closing Date | 18 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 27,72,800 Shares Worth ₹49.91 Crore Fresh Issue: 27,72,800 Shares Worth ₹49.91 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹171 – ₹180 |
| Market Lot | 800 Shares |
| Min Order | 800 Shares |
| Employee Discount | ₹15 |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Lakshya Powertech IPO – Date Schedule
| IPO Open Date | 16 October 2024 |
| IPO Close Date | 18 October 2024 |
| Basis of Allotment | 21 October 2024 |
| Initiation of Refund | 22 October 2024 |
| Credit of Shares to Demat Account | 22 October 2024 |
| IPO Listing Date | 23 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 18, 2024 |
Lakshya Powertech IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,44,000 |
| Retail (Max) | 1 | 800 | ₹1,44,000 |
| HNI (Min) | 2 | 1600 | ₹2,88,000 |
Competitive Strengths
- Experienced Promoters and Management Team;
- Long standing relationships with customers;
- Efficient operational team;
- Consistent financial performance;
Company Promoters
- Mr. Rajesh Anne
- Mrs. Priya Bandhavi Anne
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 34.21 | 32.73 | 1.04 | 5.90 |
| 31 March 2023 | 53.11 | 49.29 | 2.71 | 14.48 |
| 31 March 2024 | 149.41 | 129.09 | 14.95 | 29.00 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 16% |
| ROCE | 13.41% |
| Debt/Equity | 0.83 |
| RoNW | 15.84% |
| P/BV | 3.49 |
| PAT Margin (%) | 10.33 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 21.44 | 14.21 |
| P/E (x) | 8.39 | 12.67 |
Object Of The Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
- Funding working capital requirements of the Company; and
- General Corporate Purposes.
Lakshya Powertech IPO Promoter Holding
| Pre Issue Share Holding | 96.84% |
| Post Issue Share Holding | – |
Lakshya Powertech IPO Prospectus
Company Contact Information
| 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 Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: Lakshya.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Lakshya Powertech IPO Lead Manager(s)
| 1. GYR Capital Advisors Private Limited |
Lakshya Powertech IPO FAQs
| What is Lakshya Powertech IPO? Lakshya Powertech IPO is an SME IPO. The issue is priced at ₹171 and ₹180 per equity share. The IPO is to be listed on NSE SME. |
| When Lakshya Powertech IPO will open? The IPO is to open on 16 October 2024 for QIB, NII, and Retail Investors. |
| What is Lakshya Powertech IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Lakshya Powertech IPO? You can apply Lakshya Powertech 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 the Lakshya Powertech IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Lakshya Powertech IPO”. Click on 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 Angle One. |
| How to Apply the Lakshya Powertech IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Lakshya Powertech IPO“. Click on 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 5 Paisa. |
| How to Apply the Lakshya Powertech IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Lakshya Powertech IPO”. Click on 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 Upstox. |
| How to Apply the Lakshya Powertech IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Lakshya Powertech IPO”. Click on 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 IIFL. |
| What is Lakshya Powertech IPO Size? Lakshya Powertech IPO size is ₹49.91 Crore. |
| What is Lakshya Powertech IPO Price Band? Lakshya Powertech IPO Price Band is ₹171 – ₹180. |
| What is Lakshya Powertech IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 800 Shares with ₹1,44,000 amount while the maximum bid is 800 Shares with ₹1,44,000. |
| What is the Lakshya Powertech IPO Allotment Date? Lakshya Powertech IPO allotment date is 21 October 2024. |
| What is the Lakshya Powertech IPO Listing Date? Lakshya Powertech IPO listing date is 23 October 2024. The IPO is to be listed on NSE SME. |
