Lakshya Powertech specializes in providing tailored EPC (Engineering, Procurement, and Construction) services, addressing the diverse requirements of the oil and gas, power generation, and renewable energy sectors both domestically and internationally. The company’s unwavering commitment to excellence has enabled it to establish a unique position in the fabrication and manufacturing of critical engineering and process equipment.

The upcoming Lakshya Powertech IPO is a Book Built Issue amounting to ₹49.91 Crores, which consists entirely of a Fresh Issue of 27.72 Lakh Shares. The subscription period for this IPO is scheduled to open on October 16, 2024, and close on October 18, 2024. The allotment is expected to be finalized on or around October 21, 2024, with shares anticipated to be listed on the NSE SME on or about October 23, 2024.

The share price band for the Lakshya Powertech IPO is set at ₹171 to ₹180 per equity share, with a minimum lot size of 800 shares. Retail investors are required to make a minimum investment of ₹1,44,000, while High-Net-Worth Individuals (HNIs) must invest in 2 lots (1,600 shares), totaling ₹2,88,000. GYR Capital Advisors Private Limited serves as the book-running lead manager, while KFin Technologies Limited acts as the registrar for the issue, and Giriraj Stock Broking Private Limited will function as the market maker.

Lakshya Powertech Limited IPO GMP Today

The Grey Market Premium (GMP) for Lakshya Powertech Limited IPO is expected to be around ₹120, based on the company’s financial performance and subscription status. It’s essential to note that no genuine trading occurs based on GMP, making price discovery prior to the listing uncertain. The GMP reflects unregulated demand and supply dynamics, which should be approached cautiously. This information is provided solely for educational and informational purposes.

Lakshya Powertech Limited IPO Live Subscription Status Today

As of 07:00 PM on October 18, 2024, the live subscription status for the Lakshya Powertech IPO indicates a staggering subscription rate of 533.89 times on its final day of the subscription period. Investors can access the Lakshya Powertech IPO Live Subscription Status on the NSE for real-time updates.

Lakshya Powertech Limited IPO Anchor Investors Report

Lakshya Powertech has successfully raised ₹13.39 Crore from Anchor Investors at a price of ₹180 per share, in consultation with the book-running lead managers. A total of 7,44,000 equity shares have been allocated to these investors. It is important to note that shares allotted to Anchor Investors are taken from the Qualified Institutional Buyers (QIBs) reservation portion.

Lakshya Powertech Limited IPO Allotment Date - Step-by-Step Guide to Check Allotment Status Online

The allotment date for the Lakshya Powertech IPO is scheduled for October 21, 2024 (Monday). Once the allotment is confirmed, investors can check their status on the Registrar's Website. Here’s how to verify your allotment status:

Navigate to the IPO allotment status page.

Select Lakshya Powertech Limited IPO from the dropdown list.

Enter your application number, PAN, or DP Client ID.

Submit the details to view your allotment status.

By following these steps, investors can efficiently check their allotment status and take necessary actions regarding their investments.

Objectives of Lakshya Powertech Limited IPO

The proceeds from the Fresh Issue will be allocated towards the following objectives:

₹450.00 Lakhs for the prepayment or repayment of certain outstanding borrowings availed by the company.

₹3,000.00 Lakhs to fund the working capital requirements of the company.

To cover general corporate purposes.

Lakshya Powertech IPO Review

Lakshya Powertech is led by experienced promoters Mr. Rajesh Anne and Mrs. Priya Bandhavi Anne. Their combined expertise has significantly contributed to the company's growth trajectory.

The revenues from operations for the period ended August 31, 2024, and the fiscal years 2024, 2023, and 2022 were reported as follows: ₹5,815.38 Lakhs, ₹14,941.92 Lakhs, ₹5,311.21 Lakhs, and ₹3,421.39 Lakhs, respectively. The EBITDA figures for these periods were ₹947.27 Lakhs, ₹2,318.64 Lakhs, ₹477.66 Lakhs, and ₹201.70 Lakhs, respectively, showcasing the company’s operational efficiency.

The Profit After Tax for the periods ended August 31, 2024, and the fiscal years 2024, 2023, and 2022 was ₹597.11 Lakhs, ₹1,567.77 Lakhs, ₹271.09 Lakhs, and ₹104.58 Lakhs, respectively, indicating a positive trend in profitability.

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 is 8.27x, while the post-issue P/E ratio is 11.58x. Comparatively, the industry P/E ratio is 38.71. The company's Return on Capital Employed (ROCE) for FY24 is 36.56%, and the Return on Equity (RoE) stands at an impressive 81.77%. These metrics suggest that the IPO is fairly priced against its peers.

The Grey Market Premium (GMP) for Lakshya Powertech indicates potential listing gains of 66%. Considering the company’s robust financial performance and favorable IPO valuation, we recommend that investors consider applying for the Lakshya Powertech Limited IPO for potential listing gains or as a long-term investment opportunity.

In summary, the Lakshya Powertech IPO represents an attractive prospect in the EPC services sector. Investors are encouraged to evaluate the associated risks and market conditions before making any investment decisions. For more insights on current investment opportunities, explore the best IPOs to apply now and stay updated with the latest IPO news and stock market trends.

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