Lakshya Powertech Limited

16 Oct 2024 - 18 Oct 2024 Individual Category IPO NSE

Min Investment

₹144000

Price Band

₹171-₹180

Issue Size

20.29 lakhs
Equity Shares

Lot Size

800

IPO Dates
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16 Oct 2024

Open Date

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18 Oct 2024

Close Date

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21 Oct 2024

Allotment Date

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23 Oct 2024

Listing Date

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 36.52 crores. This upcoming IPO is an entirely fresh issue of 20.29 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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About Lakshya Powertech Limited

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.

Founded

2012

Managing Director

Rajesh Anne and Priya Bandhavi Anne

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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