Lakshya Powertech Limited IPO

Lakshya Powertech Limited’s IPO opens for subscription on October 16, 2024, and closes on October 18, 2024. The allotment for the IPO is expected to be finalized on Monday, October 21, 2024. The IPO will list on NSE SME, with a tentative listing date fixed as Wednesday, October 23, 2024.

Lakshya Powertech IPO price band is set at ₹171 to ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹288,000.

Lakshya Powertech IPO is a book-built issue of Rs 49.91 crores. The issue is entirely a fresh issue of 27.73 lakh shares.

Lakshya Powertech IPO Details

Lakshya Powertech IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Lakshya Powertech IPO Objectives

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
2. Funding working capital requirements of the Company; and
3. General Corporate Purposes.

About Lakshya Powertech Limited

Founded in 2012, Lakshya Powertech Limited began as an engineering consultancy firm focused on mechanical and electrical services, quickly evolving into a key player in operations and maintenance for gas-fired power plants and large power generation projects. Expanding its reach into the oil and gas sector, the company secured an EPC contract in renewable energy in Malaysia and bolstered its presence in plant maintenance and repair. Lakshya Powertech’s diverse offerings include Engineering, Procurement, Construction, and Commissioning; Integrated Operation and Maintenance Services; and Specialty Services, with over 138 projects completed and a total value of approximately Rs. 13690.68 lakhs. The company prides itself on its strong project management expertise, a robust order book, and exceptional pre-qualification credentials, enabling sustainable growth and solid financial performance. With a workforce of 912 employees as of May 31, 2024, Lakshya collaborates with both public and private sectors, serving notable clients like Gmmco Limited and Equinox Engineering Limited, while actively pursuing new projects and fostering strong relationships with customers and suppliers.

Lakshya Powertech Limited Financial Information

Lakshya Powertech IPO Reservation

Lakshya Powertech IPO Timeline

Lakshya Powertech IPO opens on October 16, 2024, and closes on October 18, 2024.