Lakshya Powertech IPO Detail: Open Date, Close Date, GMP, Price Band

Lakshya Powertech IPO subscription opens from Wednesday, October 16, 2024, and closes on Friday, October 18, 2024. It is a book-built issue of Rs 49.91 crores. This upcoming IPO is an entirely fresh issue of 27.73 lakh equity shares.

Lakshya Powertech IPO price band is Rs 171 to Rs 180 per share. The minimum lot size set for the retail category is 800 shares. The minimum lot size requirement for the HNI category is 2 lots consisting of 1600 shares. The minimum amount required for retail investors is Rs 1,44,000 (180 x 800 shares). However, for the HNI category, the minimum investment amount required is Rs 2,88,000 (180 x 1600 shares).

Lakshya Powertech IPO allotment is expected to be finalised on Monday, October 21, 2024. The listing will be on the NSE SME platform on Tuesday, October 15, 2024. Currently, Lakshya Powertech IPO GMP is Rs 51 which indicates that the listing price is expected to be near Rs 231 per share.

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Lakshya Powertech IPO: Listing Date, Lot Size, Issue Size, Price Band

Lakshya Powertech IPO opens on October 16 and closes on October 18, 2024. The listing date is on October 23 and face value kept at Rs 10 per share. The Lot size is 800 shares and employee discount is Rs 15 per share. 

Lakshya Powertech IPO: About the Company

Lakshya Powertech Limited was established in 2012, engaged in the business operations and maintenance 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.

The company’s services are divided into three main areas -1) Engineering, Procurement, Construction, and Commissioning 2) Integrated Operation and Maintenance Services 3) Specialty Services. 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.

Lakshya Powertech IPO Objectives

Lakshya Powertech IPO Objectives: The net funds received from the IPO will be used for the repayment and prepayment of the past loans availed by the company. The remaining amount will be used for meeting day to day capital needs and fulfilling the general corporate purposes.

Lakshya Powertech IPO: Key Dates, Allotment, Listing Date

Lakshya Powertech IPO key dates are discussed in the table below. Investors will be able to check the allotment on October 21, and refund will be released on October 22, 2024. The credit of shares will take place on the same day and listing will be on October 23, in the NSE SME platform.

Lakshya Powertech IPO Subscription Details, IPO Reservation

Lakshya Powertech IPO subscription details will be available after the IPO opens on 16 October 2024. In the retail investor category 35% of the net offer is reserved and the remaining 50% of the net offer is reserved for the investors category like Qualified Institutional Buyers and 15% for Non-institutional investors.

Lakshya Powertech IPO Allotment Details

Lakshya Powertech IPO Allotment details are available on its registrar Kfin Technologies website. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available on the registrar website.

Lakshya Powertech IPO GMP

Currently, Lakshya Powertech IPO GMP (grey market premium) is trading at 51. The issue price of this latest IPO is set at Rs 180 per share. It is expected that the listing price can be near to Rs 231. However, if the subscription got oversubscribed then Lakshya Powertech IPO GMP might rise in the coming days.

Lakshya Powertech IPO Lot Size Details

Lakshya Powertech IPO lot size is set at 800 shares per lot. Investors can bid a minimum of 800 shares and its multiples. For the retail category, minimum and maximum bid is kept at 800 shares amounting to Rs 1,44,000. The minimum lot size for HNI is 2 lots which is 1600 shares. The minimum investment for the HNI category is Rs 2,88,000.

Promoter Holdings

Lakshya Powertech IPO promoter holdings are Rajesh Anne and Priya Bandhavi Anne. The promoters' shareholdings before the IPO were 96.84 %; however, after the IPO, shareholdings will decline.

Lakshya Powertech Limited Company Financials (Amt in Lakhs)

Lakshya Powertech Limited posted revenue of Rs 5,815.38 lakhs and net profit of Rs 597.11 lakhs for the period ending on 31 Aug 2024. The company’s revenue increased by 181% and PAT increased by 478% between the FY ending on 31 March 2024 and 31 March 2023.

Lakshya Powertech IPO Registrar

Lakshya Powertech IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on Kfin Technologies and select the name of the company and enter PAN number or application ID to know their allotment status.

IPO Lead Managers

Lakshya Powertech IPO lead managers are GYR Capital Advisors Private Limited.

How to apply to Lakshya Powertech IPO

Interested investors can apply to the Lakshya Powertech IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Review of Lakshya Powertech IPO

Lakshya Powertech IPO is likely to get a positive response from the general public. The company is involved in an engineering consulting firm. So, investors interested in the mechanical, power and electrical sector can apply to this IPO. This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Lakshya Powertech IPO GMP will also rise.

Lakshya Powertech IPO FAQs

1. What are the details of the Lakshya Powertech IPO?

Lakshya Powertech IPO is a book-built issue of Rs 49.91 crores. This upcoming IPO is an entirely fresh issue of 27.73 lakh equity shares.

2. When will Lakshya Powertech IPO open and close?

Lakshya Powertech IPO subscription opens from Wednesday, October 16, 2024, and closes on Friday, October 18, 2024

3. What is Lakshya Powertech IPO GMP?

Currently, Lakshya Powertech IPO GMP (grey market premium) is trading at 51. The issue price of this latest IPO is set at Rs 180 per share. It is expected that the listing price can be near to Rs 231. However, if the subscription gets oversubscribed, then Lakshya Powertech IPO GMP might rise in the coming days.

4. What are the details of Lakshya Powertech IPO reservation?

Lakshya Powertech IPO subscription details will be available after the IPO opens on 16 October 2024. In the retail investor category, 35% of the net offer is reserved, and the remaining 50% of the net offer is reserved for the investor's category, like Qualified Institutional Buyers, and 15% for Non-institutional investors.

5. Write the details of the IPO Allotment?

Lakshya Powertech IPO Allotment details are available on its registrar Kfin Technologies website. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available on the registrar website.

6. Who is the registrar and lead managers for Lakshya Powertech IPO?

Lakshya Powertech IPO Registrar, is Kfin Technologies Limited. The book-running lead manager for this IPO is GYR Capital Advisors Private Limited. Investors can check the allotment status in the Kfin Technologies Limited official website.

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