Lakshya Powertech Limited is making waves in the energy sector with its tailored EPC services that cater to the needs of industries such as oil and gas, power generation, and renewable energy. With a growing reputation in both domestic and global markets, Lakshya Powertech has carved out a niche by specializing in the fabrication and manufacture of critical engineering and process equipment.

Their upcoming Lakshya Powertech IPO is a Book Built Issue aiming to raise ₹49.91 Crores through a Fresh Issue of 27.72 lakh shares. The IPO opens for subscription on October 16, 2024, and closes on October 18, 2024. Investors can expect the allotment to be finalized on or about October 21, 2024, and the shares will be listed on the NSE SME on or about October 23, 2024.

The IPO is priced within a band of ₹171 to ₹180 per equity share, with a minimum lot size of 800 shares. This means retail investors need to invest a minimum of ₹1,44,000, while High-Net-Worth Individuals (HNIs) will need to invest a minimum of ₹2,88,000 for 2 lots (1,600 shares).

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

Lakshya Powertech IPO Grey Market Premium (GMP) Today

The Grey Market Premium (GMP) for Lakshya Powertech Limited's IPO is expected to range between ₹76 and ₹80, reflecting positive market sentiment. However, it’s important to remember that no real trading occurs based on GMP, and it should not be relied upon for making investment decisions. The GMP is subject to the dynamics of demand and supply in an unorganized market, and is provided here for educational and informational purposes only.

Lakshya Powertech IPO Live Subscription Status

The Lakshya Powertech IPO subscription period will commence on October 16, 2024. Investors can track the live subscription status and monitor updates on the Lakshya Powertech IPO Live Subscription Status Page at the NSE website for real-time information.

Lakshya Powertech Limited IPO Anchor Investors Report

The company has already raised ₹13.39 Crores from Anchor Investors at the upper price band of ₹180 per share, through an allocation of 7,44,000 equity shares. This early support from institutional investors reflects confidence in Lakshya Powertech’s business model and growth potential.

How to Check Lakshya Powertech IPO Allotment Status

The allotment of shares for the Lakshya Powertech IPO is expected on October 21, 2024. Investors can easily check the Lakshya Powertech IPO Allotment Status online by following these steps:

Navigate to the IPO allotment status page on the registrar's website.

Select Lakshya Powertech Limited IPO from the dropdown menu.

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

Submit the details to check your allotment status.

Financial Performance and IPO Valuation

Lakshya Powertech's financials present a promising growth trajectory. For the period ending August 31, 2024, the company reported revenues of ₹5,815.38 Lakhs, with an EBITDA of ₹947.27 Lakhs. These figures are a testament to the company's robust operations in critical engineering and process equipment manufacturing. Comparing fiscal years, Lakshya Powertech's revenue increased to ₹14,941.92 Lakhs in FY 2024, up from ₹5,311.21 Lakhs in FY 2023.

The company has achieved an impressive Profit After Tax (PAT) of ₹597.11 Lakhs for the period ending August 31, 2024, marking significant growth compared to previous years. The pre-issue EPS stands at ₹21.75, while the post-issue EPS is ₹15.54. The pre-issue P/E ratio is 8.27x, and the post-issue P/E ratio is 11.58x, making this IPO fairly priced in comparison to the industry P/E ratio of 38.71.

Objectives of the Lakshya Powertech IPO

The proceeds from the Lakshya Powertech IPO will be used for the following purposes:

₹450.00 Lakhs will go towards prepayment or repayment of certain borrowings.

₹3,000.00 Lakhs will be utilized for working capital requirements.

The remaining funds will be used for general corporate purposes.

Investment Recommendation

Based on Lakshya Powertech's financial performance and the Grey Market Premium (GMP), the IPO is expected to offer potential listing gains of 40% to 44%. Given its strong presence in the energy sector and the robust demand for its EPC services, we recommend investors apply to the Lakshya Powertech IPO for both listing gains and long-term investment opportunities.

For more insights into investment opportunities, check out the Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.

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This detailed review ensures that investors have all the relevant information to make an informed decision about the Lakshya Powertech IPO, while also encouraging them to explore other IPO and financial insights available on our platform.