Lakshya Powertech is making waves in the EPC services sector, specializing in tailored solutions for the oil and gas, power generation, and renewable energy industries. The company is renowned for its dedication to excellence, carving a distinctive niche in the fabrication and manufacturing of critical engineering and process equipment. With a strong commitment to meeting the diverse needs of its clients, Lakshya Powertech is well-positioned for growth, both domestically and globally.

The company is currently offering a Book Built Issue amounting to ₹49.91 Crores, consisting entirely of a fresh issue of 27.72 lakh shares. The IPO subscription period opened on October 16, 2024, and will close on October 18, 2024. The allotment of shares is expected to be finalized on or about Monday, October 21, 2024, with shares set to be listed on the NSE SME on or about Wednesday, October 23, 2024.

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

The book-running lead manager for this IPO is GYR Capital Advisors Private Limited, with KFin Technologies Limited serving as the registrar for the issue. Giriraj Stock Broking Private Limited will act as the market maker for Lakshya Powertech's IPO, ensuring liquidity and support for investors.

Lakshya Powertech Limited IPO GMP Today

As of now, the Grey Market Premium (GMP) for Lakshya Powertech Limited is anticipated to be ₹120, suggesting a potential gain for investors based on the company's financial performance and subscription status. It’s important to note that the GMP reflects the demand and supply dynamics in the unorganized market, and no real trading occurs based solely on the GMP. Therefore, it is essential to approach this figure with caution, as it is provided for educational and informational purposes only.

Lakshya Powertech Limited IPO Live Subscription Status

As of 07:00 PM on October 18, 2024, the Lakshya Powertech IPO live subscription status reveals an impressive subscription rate of 533.89 times on the final day of the subscription period. This robust demand indicates strong investor interest and confidence in the company's potential. For real-time updates, you can check the Lakshya Powertech India IPO live subscription status at NSE.

Lakshya Powertech Limited IPO Anchor Investors Report

Lakshya Powertech has successfully raised ₹13.39 Crores from Anchor Investors at a price of ₹180 per share, following consultations with the book-running lead managers. A total of 7,44,000 equity shares have been allocated to the anchor investors, highlighting the strong institutional interest in the IPO.

Objectives of Lakshya Powertech Limited IPO

The proceeds from the fresh issue will be allocated towards the following objectives:

₹450.00 Lakhs will be utilized for the prepayment or repayment of outstanding borrowings availed by the company.

₹3,000.00 Lakhs will be directed towards funding working capital requirements of the company.

The remaining funds will be used for general corporate purposes.

Lakshya Powertech IPO Review

The company is managed by experienced promoters, Mr. Rajesh Anne and Mrs. Priya Bandhavi Anne, whose leadership has contributed to Lakshya Powertech's growth trajectory. The financial performance of Lakshya Powertech for the periods ended August 31, 2024, and the fiscals of 2024, 2023, and 2022 showcases significant revenue growth. The revenues from operations were reported as follows:

August 31, 2024: ₹5,815.38 Lakhs

Fiscal 2024: ₹14,941.92 Lakhs

Fiscal 2023: ₹5,311.21 Lakhs

Fiscal 2022: ₹3,421.39 Lakhs

The EBITDA figures also reflect strong growth, indicating a healthy operational performance:

August 31, 2024: ₹947.27 Lakhs

Fiscal 2024: ₹2,318.64 Lakhs

Fiscal 2023: ₹477.66 Lakhs

Fiscal 2022: ₹201.70 Lakhs

Additionally, the profit after tax for these periods was as follows:

August 31, 2024: ₹597.11 Lakhs

Fiscal 2024: ₹1,567.77 Lakhs

Fiscal 2023: ₹271.09 Lakhs

Fiscal 2022: ₹104.58 Lakhs

For the Lakshya Powertech IPO, the company is issuing shares with a pre-issue EPS of ₹21.75 and a post-issue EPS of ₹15.54. The pre-issue P/E ratio stands at 8.27x, while the post-issue P/E ratio is 11.58x, compared to an industry average P/E ratio of 38.71. The company's ROCE for FY24 is reported at 36.56%, and the RoAE is 81.77%, suggesting that the IPO is reasonably priced.

The GMP indicates potential listing gains of 66%, reinforcing the strong investor sentiment around the IPO. Given the financial performance and favorable valuation metrics, we recommend investors consider applying for the Lakshya Powertech Limited IPO for both listing gains and long-term investment purposes.

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