The Lakshya Powertech IPO is generating significant buzz in the investment community. As the company prepares for its Initial Public Offering, investors are keen to understand the details and implications of this opportunity. In this blog, we will dive into the key aspects of the Lakshya Powertech IPO, including its offerings, financial performance, and what investors can expect.
Lakshya Powertech IPO Details
Lakshya Powertech Limited is set to launch its IPO from October 16, 2024, to October 18, 2024. The IPO aims to raise approximately ₹49.91 crores through a fresh issue of 2,772,800 equity shares. The price range for the shares is set between ₹171 and ₹180 per share, making it accessible for various investors.
Key Dates for Lakshya Powertech IPO
| Event | Date |
|---|---|
| Opening Date | October 16, 2024 |
| Closing Date | October 18, 2024 |
| Allotment Finalization | October 21, 2024 |
| Refund Initiation | October 22, 2024 |
| Credit of Shares | October 22, 2024 |
| Listing Date | October 23, 2024 |
Investment Minimums
For retail investors, the minimum investment required is ₹144,000, which corresponds to the minimum lot size of 800 shares.
Subscription Details
The subscription process for the Lakshya Powertech IPO is structured to cater to different investor categories:
| Investor Category | Allocation Percentage |
|---|---|
| Qualified Institutional Buyers (QIB) | 50% |
| Non-Institutional Investors (NII) | 15% |
| Retail Investors | 35% |
Investors can participate through various channels such as stockbrokers or online trading platforms, ensuring an accessible experience for all types of investors.
Grey Market Premium (GMP) Today
As of today, the Grey Market Premium (GMP) for the Lakshya Powertech IPO stands at ₹175. This premium indicates a positive sentiment among traders, suggesting that the shares might trade at a higher price post-listing. The GMP reflects market expectations and can fluctuate leading up to the IPO listing, making it a key metric to watch.
Business Overview
Lakshya Powertech, established in 2012, specializes in engineering consultancy and contracting services across several sectors, including Oil and Gas, Power, Renewable Energy, and Industrial services. The company has successfully executed over 138 projects and is managing ongoing projects valued significantly.
Core Services
The company’s offerings are structured into three primary categories:
- Engineering, Procurement, Construction & Commissioning (EPCC): Providing comprehensive engineering solutions.
- Integrated Operation & Maintenance Services: Ongoing support for energy facilities.
- Special Services: Specialized engineering services tailored to project requirements.
Global Presence
Lakshya Powertech has expanded its operations internationally, having secured contracts in Malaysia, showcasing its capabilities in the renewable energy sector.
Financials
Lakshya Powertech has shown impressive growth in its financial performance over the past few years:
| FY | Revenue (₹ Crores) | Net Income (₹ Crores) | EPS (₹) | PE Ratio |
|---|---|---|---|---|
| 2022 | 34.14 | 1.05 | 4.36 | – |
| 2023 | 53.05 | 2.71 | 11.30 | – |
| 2024 | 148.13 | 14.95 | 20.74 | 8.24 – 8.68 |
Revenue Growth
The company’s revenue has seen a remarkable increase, with FY 2024 revenue reaching approximately ₹148.13 crores, reflecting a growth rate of around 181% compared to FY 2023.
Profitability
The profit after tax has also surged, increasing from ₹1.05 crores in FY 2022 to ₹14.95 crores in FY 2024. This indicates the company’s improving profitability and effective management of resources.
Review of Lakshya Powertech IPO
Overall, the Lakshya Powertech IPO presents a compelling investment opportunity. With strong financials, a diverse portfolio, and a strategic focus on expanding its operations, the company appears well-positioned for future growth. Investors should consider their financial goals and risk tolerance when evaluating this IPO.
Allotment Status
The allotment status for the Lakshya Powertech IPO will be available on October 21, 2024. To check the allotment status, investors can visit the KFin Technologies website, the registrar for the IPO, and enter their PAN number, application number, or DP Client ID.
Important Dates for Allotment
- Allotment Date: October 21, 2024
- Refund Initiation: October 22, 2024
- Credit of Shares to Demat Accounts: October 22, 2024
- Listing Date: October 23, 2024
FAQs About Lakshya Powertech IPO
What is Lakshya Powertech IPO?
Lakshya Powertech Limited is launching an IPO to raise approximately ₹49.91 crores by offering equity shares priced between ₹171 and ₹180 per share.
When will the Lakshya Powertech IPO open for subscription?
The IPO will open for subscription on October 16, 2024, and close on October 18, 2024.
What is the allocation of shares for different investor categories?
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
- Retail Investors: 35%
What is the minimum lot size for the IPO?
The minimum lot size is 800 shares, requiring a minimum investment of ₹144,000 for retail investors.
What are the important dates related to the IPO?
- Allotment Date: October 21, 2024
- Refund Initiation: October 22, 2024
- Credit of Shares to Demat Accounts: October 22, 2024
- Listing Date: October 23, 2024
How can investors apply for the Lakshya Powertech IPO?
Investors can apply through various platforms such as stockbrokers or online trading apps that facilitate IPO applications.
What is the expected Grey Market Premium (GMP)?
As of now, the Grey Market Premium (GMP) indicates positive sentiment among investors and can change leading up to the listing date.
What will the proceeds from the IPO be used for?
The funds raised will be utilized for:
- Working capital requirements: ₹30 crores (60.11%)
- Debt reduction: ₹4.5 crores (9.01%)
- General corporate purposes: ₹12.48 crores (25%)
- Other expenses: ₹2.93 crores (5.88%)
Who are the promoters of Lakshya Powertech Limited?
The promoters of the company are Mr. Rajesh Anne and Mrs. Priya Bandhavi Anne.
Conclusion
The Lakshya Powertech IPO offers an exciting opportunity for investors to engage with a growing player in the engineering and energy sectors. With its impressive financial growth, diverse portfolio, and a solid plan for the future, it is worth considering for those looking to invest in promising IPOs. As the IPO date approaches, staying informed and making well-researched investment decisions will be crucial for potential investors.
By participating in the Lakshya Powertech IPO, investors not only have the potential for financial returns but also support a company poised for growth in the dynamic energy sector.
Thank you for reading and staying informed about the Lakshya Powertech IPO!
