Lakshya Powertech Limited IPO GMP

Lakshya Powertech specializes in offering tailored EPC services catering to the diverse needs of the oil and gas, power generation, and renewable energy sectors, both domestically and globally. Their trajectory is marked by a relentless pursuit of excellence, enabling them to carve a distinctive niche in fabricating and manufacturing critical engineering and process equipment.

Lakshya Powertech, an Book Built Issue amounting to ₹49.91 Crores, consisting entirely an Fresh Issue of 27.72 Lakh Shares. The subscription period for the Lakshya Powertech IPO opens on October 16, 2024, and closes on October 18, 2024. The allotment is expected to be finalized on or about Monday, October 21, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Wednesday, October 23, 2024.

The Share price band Lakshya Powertech IPO is set at ₹171 to ₹180 equity per share, with a minimum lot size of 800 shares. Retail investors are required to invest a minimum of ₹1,44,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1,600 shares), amounting to ₹2,88,000.

GYR Capital Advisors Private Limited is the book-running lead manager, KFin Technologies Limited is the registrar for the Issue. Giriraj Stock Broking Private Limited will act as Market Maker for the Lakshya Powertech IPO.

Lakshya Powertech Limited IPO GMP Today
The Grey Market Premium of Lakshya Powertech Limited IPO is expected to be ₹120 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Lakshya Powertech Limited IPO Live Subscription Status Today: Real-Time Updates
As of 11:30 AM on 16 October 2024, the Lakshya Powertech IPO live subscription status shows that the IPO subscribed 14.61 times on its First day of subscription period. Check the Lakshya Powertech India IPO Live Subscription Status Today at NSE.

Lakshya Powertech Limited IPO Anchor Investors Report
Lakshya Powertech has raised ₹13.39 Crore from Anchor Investors at a price of ₹180 per shares in consultation of the Book Running Lead Managers. The company allocated 7,44,000 equity shares to the Anchor Investors. Check Full list of Lakshya Powertech Anchor Investors List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Lakshya Powertech Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Lakshya Powertech IPO allotment date is 21 October, 2024,Monday. Lakshya Powertech IPO Allotment will be out on 21st October 2024 and will be live on Registrar Website from the allotment date. Check Lakshya Powertech Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Lakshya Powertech Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Lakshya Powertech Limited IPO
Lakshya Powertech Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹450.00 Lakhs will be used for Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company 
2. ₹3,000.00 Lakhs will be used for Funding working capital requirements of the Company; and 
3. General Corporate Purposes.

Refer to Lakshya Powertech Limited RHP for more details about the Company.