Lakshya Powertech Limited
Lakshya Powertech Limited(LAKSHYA)
Total Shares
27,72,800
Issue Size
₹49.91 Cr
Price Band
₹171 – ₹180
Lot Size
800 shares
Min. Investment
₹1,44,000
Max. Investment
₹1,44,000
Open Date
16 Oct, 2024
Close Date
18 Oct, 2024
Allotment
21 Oct, 2024
Listing
23 Oct, 2024
Max. Investment
₹1,44,000
Announced
16 Oct, 2024
Opening Date
16 Oct, 2024
Closing Date
18 Oct, 2024
Basis of Allotment
21 Oct, 2024
Initiation of Refunds
22 Oct, 2024
Credit of Shares
22 Oct, 2024
Listing Date
23 Oct, 2024
Live GMP
Est. Listing: ₹315
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About Lakshya Powertech Limited IPO
Established in 2012, Lakshya Powertech Limited started as an engineering consultancy firm specializing in mechanical and electrical services. The company quickly expanded from freelance power generation consultancy into operations and maintenance (O&M) for gas-fired power plants and large power generation projects.
By diversifying into the oil and gas sector, the company expanded its services and strengthened its position in the industry. An EPC contract in the renewable energy se
Lakshya Powertech Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Lakshya Powertech Limited IPO Financials Health
Lakshya Powertech Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI Minimum | 2 | 1600 | ₹2,88,000 |
| Retail Minimum | 1 | 800 | ₹1,44,000 |
| Retail Maximum | 1 | 800 | ₹1,44,000 |
(All values in CR)
Lakshya Powertech Limited IPO Valuation
| Metric | Value |
|---|---|
| Debt/Equity | 0.83 |
| EPS Post IPO | 14.21 |
| EPS Pre IPO | 21.44 |
| P/BV | 3.49 |
| P/E Post IPO | 12.67 |
| P/E Pre IPO | 8.39 |
| PAT Margin (%) | 10.33 |
| ROCE | 13.41% |
| ROE | 16% |
| RoNW | 15.84% |
(All values in CR)
Strength & Risk of Lakshya Powertech Limited IPO
1. Experienced Promoters and Management Team.
2. Long standing relationships with customers.
3. Efficient operational team.
4. Consistent financial performance.
1. Its projects are awarded through the competitive bidding process by government authorities/bodies and Private Companies. The company may not be able to qualify for, compete and win future projects, which could adversely affect its business and results of operations.
2. The company relies on its in-house designing and engineering team for project execution. Loss of employee(s) may have an adverse effect on the execution of its projects.
3. Its Registered Office, Corporate Office and Workshop from where the company operates is not owned by it.
4. Delays in the completion of current and future projects could lead to payment of liquidated damages for its engineering, procurement, construction and Commissioning (EPCC), which could have an adverse effect on its cash flows, business, results of operations and financial condition.
5. Increase in the prices of raw materials and labour could have an adverse effect on its business, results of operations and financial condition.
6. The Company, its Directors and its Promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make it liable to liabilities/penalties and may adversely affect its reputation, business and financial status.
7. Its actual cost in executing Projects may vary substantially from the assumptions underlying its bid or estimates. The company may be unable to recover all or some of the additional costs and expenses, which may have a material adverse effect on its results of operations, cash flows and financial condition.
8. Its business is working capital intensive. If the company experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of its operations.
9. The company has had negative cash flows from Operating, investing and financing activities in the past and a consequent net decrease in cash and cash equivalents in some of the recent years.
10. The Company is dependent on a few suppliers for purchases of products. The loss of any of these large suppliers may affect our business operations.
Lakshya Powertech Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 7,44,000 | 7,44,000 | 13.39 |
| Employees | 1.54 | 72,000 | 1,11,200 | 2 |
| HNI | 1.00 | 3,96,000 | 44,27,78,400 | 7 |
| Market Maker | 1.00 | 1,48,000 | 1,48,000 | 2.66 |
| QIB | 215.46 | 5,16,800 | 11,13,51,200 | 2 |
| Retail | 590.26 | 8,96,000 | 52,88,71,200 | 9 |
| Total | 575.88 | 18,80,800 | 1,08,31,12,000 | 19 |
Lakshya Powertech Limited IPO GMP
Last updated 14 Oct, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 14 Oct, 2024 | 180 | ₹135 | 82100 | ₹315 (75.00%) | - | 14 Oct, 2024 |
| 15 Oct, 2024 | 180 | ₹135▼ | 82100 | ₹315 (75.00%) | - | 15 Oct, 2024 |
| 16 Oct, 2024 | 180 | ₹169▼ | 102800 | ₹349 (93.89%) | - | 16 Oct, 2024 |
| 17 Oct, 2024 | 180 | ₹172 | 104600 | ₹352 (95.56%) | - | 17 Oct, 2024 |
| 18 Oct, 2024 | 180 | ₹172▼ | 104600 | ₹352 (95.56%) | - | 18 Oct, 2024 |
| 21 Oct, 2024 | 180 | ₹190 | 115500 | ₹370 (105.56%) | - | 21 Oct, 2024 |
| 22 Oct, 2024 | 180 | ₹190▲ | 115500 | ₹370 (105.56%) | - | 22 Oct, 2024 |
| 23 Oct, 2024 | 180 | ₹170 | 103400 | ₹350 (94.44%) | - | 23 Oct, 2024 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Lakshya Powertech Limited IPO
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Find Lakshya Powertech Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Lakshya Powertech Limited (LPL) IPO
IPO Overview and Key Highlights
Lakshya Powertech Limited (LPL) is offering its Initial Public Offering (IPO) involving 27,72,800 equity shares of ?10 each. This IPO provides investors with an opportunity to invest in a company operating in the power and infrastructure sector. The offering includes a fresh issue of shares with no Offer for Sale (OFS), and it will be listed on the EMERGE Platform of NSE.
Key IPO Details
- Type of Issue: 100% Book Built
- Total Issue Size: Up to 27,72,800 Equity Shares
- Face Value: ?10 per share
- Market Maker Reservation: 1,48,000 Equity Shares
- Employee Reservation: 72,000 Equity Shares
- Issue Opens: October 16, 2024
- Issue Closes: October 18, 2024?
Company Overview
Incorporated in 2012, Lakshya Powertech Limited specializes in power-related infrastructure services, such as installation and commissioning of solar power plants, electrical substations, and transmission lines. The company is led by experienced promoters Mr. Rajesh Anne and Mrs. Priya Bandhavi Anne, and aims to use the IPO proceeds to fund new projects and expand its operational capabilities
Financial Performance
LPL's financial performance highlights a growing demand for energy infrastructure, with the company being positioned to capitalize on the increasing investment in India's power sector. The IPO is expected to support further growth and strengthen the company’s financial position.
Key Strengths of Lakshya Powertech
- Strong Industry Potential: The company is active in the rapidly growing energy infrastructure sector, driven by India's demand for sustainable and renewable energy.
- Experienced Leadership: The promoters have extensive experience in power and infrastructure projects.
- Strategic Growth Plans: The IPO funds are primarily intended to be used for working capital needs, which indicates plans for future expansion.
IPO Pros and Cons
Pros
- Growing Industry: The power infrastructure sector is witnessing considerable investment, which bodes well for future growth.
- Leadership: LPL is promoted by experienced leaders with a strong understanding of the market.
- No Debt Burden: As this is a fresh issue with no offer for sale, the IPO will help raise funds without significant existing liabilities.
Cons
- Market Risks: The performance of the company is closely tied to government policies and economic trends affecting the energy sector.
- First Public Issue: LPL’s first IPO means there is no prior market trading, which adds a layer of uncertainty regarding market reception.
- Competition: The infrastructure industry, particularly power, is competitive, which could limit profit margins.
Risk Factors
Before investing in the IPO, investors should consider:
- Economic and Sectoral Risks: Changes in government policies regarding renewable energy or power tariffs could affect profitability.
- Market Volatility: As with any IPO, the stock price could experience volatility due to market conditions post-listing.
- Project Delays: The company's business is dependent on completing projects on time, and any delays may lead to financial strain.
Conclusion
The Lakshya Powertech Limited IPO offers a compelling opportunity for investors looking to enter the renewable energy and power infrastructure sectors. With experienced promoters, a solid business model, and a growing industry, LPL is positioned for future growth. However, investors must evaluate the risks associated with a first-time public issue and the competitive nature of the sector before investing.
FAQs About Lakshya Powertech Limited Ipo
Lakshya Powertech Limited IPO will open on 16 Oct, 2024 and close on 18 Oct, 2024. Investors must apply within this period to participate.
The Lakshya Powertech Limited IPO price band is set between ₹171.00 and ₹180.00 per share. The minimum lot size is 800, requiring an investment of at least ₹144000.00.
The Lakshya Powertech Limited IPO shares are expected to be listed on 23 Oct, 2024, subject to regulatory approvals and final allotment.
You can track your Lakshya Powertech Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Lakshya Powertech Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.