Lakshya Powertech Ltd. was incorporated on July 20, 2012. The company is engaged in engineering, procurement, construction & commissioning; integrated operation & maintenance services; and special services across four key sectors: oil and gas, power, renewable energy, and industrial.
| Bidding Dates |
|---|
| 16 Oct 2024 - 18 Oct 2024 |
| Subscription |
|---|
| 533.89x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,36,800 | 1 | 1 | 800 | 2.8 M | ₹171 - ₹180 | 69.22 % | ₹474.1 M - ₹499.1 M | RHP DOC |
Lakshya Powertech Ltd. IPO SUBSCRIPTION STATUS
18 Oct '24Lakshya Powertech Ltd. IPO overall subscription rate was 533.89 times the total available shares
Lakshya Powertech Ltd. IPO retail subscription rate was 744.87 times in the retail segment
Lakshya Powertech Ltd. IPO non-institutional investor subscription rate was 1455.35 times in the non-institutional investor category
Lakshya Powertech Ltd. IPO Qualified Institutional Bidder subscription rate was 109.77 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
18 Oct 2024 (Day 3) | 744.87x | 1455.35x | 109.77x |
17 Oct 2024 (Day 2) | 316.59x | 268.58x | 6.61x |
16 Oct 2024 (Day 1) | 122.83x | 83.1x | 0.71x |
Lakshya Powertech Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 5MFY25 | 59.7 | 578.0 | 24.2 | 20.4 | 16.3% |
| FY24 | 156.8 | 1,481.3 | -221.8 | -229.1 | 15.5% |
| FY23 | 27.1 | 530.5 | -64.5 | -78.0 | 9.0% |
| FY22 | 10.5 | 341.4 | -21.8 | -29.0 | 5.9% |
Lakshya Powertech Ltd. IPO SUBSCRIPTION STATUS DETAILS
Lakshya Powertech Ltd. had 2.8 M shares on offer
Lakshya Powertech Ltd. IPO offer price was in the range ₹171 - ₹180
Lakshya Powertech Ltd. IPO minimum Investment was ₹136800
Lakshya Powertech Ltd. IPO issue size was ₹ 474.1 M - ₹ 499.1 M
Lakshya Powertech Ltd. had a minimum lot size of 800 Shares per application
Lakshya Powertech Ltd. NUMBER OF SHARES ON OFFER
Lakshya Powertech Ltd. IPO IMPORTANT DATES
| Issue Open Date | 16 Oct 2024 |
| Issue close Date | 18 Oct 2024 |
| Allotment Date | 21 Oct 2024 |
| Refund Date | 21 Oct 2024 |
| Demat Account Credit Date | 22 Oct 2024 |
| Listing Date | 23 Oct 2024 |
| Listing on Exchange(s) | NSE |
| Lakshya Powertech Ltd. Allotment Status | Exchange |
Lakshya Powertech Ltd. IPO subscription opened on 16 Oct 2024, and closed on 18 Oct 2024
IPO allotment for Lakshya Powertech Ltd. was finalized on Monday, 21 Oct 2024
IPO listing for Lakshya Powertech Ltd. was on NSE on Wednesday, 23 Oct 2024
Lakshya Powertech Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 180.0 |
| Listing Open Price | 342.0 |
| Listing Close Price | 359.1 |
| Listing Gain% | 90.0% |
| Current Gain% | -50.9% |
Lakshya Powertech Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lakshya Powertech Ltd. | 88.4 | 89.2 | 8.9 | 0.5 | 9.8 | 5.1 | 180.8 | 10 | 9.9 | ||||
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Lakshya Powertech Ltd. INFORMATION ON IPO ISSUE
About Lakshya Powertech Ltd.
Lakshya Powertech Ltd. was incorporated on July 20, 2012. The company is engaged in engineering, procurement, construction & commissioning; integrated operation & maintenance services; and special services across four key sectors: oil and gas, power, renewable energy, and industrial.
Object of the Issue
- Prepayment or repayment of certain outstanding borrowings of the company
- Funding working capital requirements
- General corporate purposes
Lakshya Powertech Ltd. - PROMOTERS
| Name |
|---|
| Rajesh Anne |
| Priya Bandhavi Anne |
Lakshya Powertech Ltd. Lead Manager of the Issue
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Lakshya Powertech Ltd. Registrar to the issue
Kfin Technologies Limited
Lakshya.ipo@kfintech.com
Lakshya Powertech Ltd. Strengths
Project management expertise
The company has a strong track record in project implementation, providing design, engineering, procurement, construction, and integrated project management (EPC) services for a competitive edge. It focuses on timely project completion while exceeding client specifications and industry standards.
Wide range of services
The company offers a wide range of integrated operation and management services for the energy sector. It handles both full and partial project scopes, managing clients' asset operation and maintenance. The services prioritize operational safety and asset control, even in challenging environments
Customer & supplier relationship
The company maintains long-term strategic partnerships with leading energy conglomerates, which are crucial for accessing new opportunities and leveraging synergies within the industry
Lakshya Powertech Ltd. Risks
Raw material and labour cost dependence
The company bids for tenders nationwide, handling projects that involve planning, design, procurement, execution, and maintenance. These projects require significant raw materials and labor, exposing costs to price fluctuations and delays that could impact financial performance and cash flows
Ongoing litigation
The company, its directors, and its promoters are involved in ongoing litigations and claims at various legal forums and regulatory authorities. Any negative outcomes could result in liabilities or penalties, potentially harming the company's reputation, business, and financial standing
Working capital dependency
The company's operations depend on working capital for financing projects, managing inventory, and purchasing raw materials. Changes in credit terms or payment delays can negatively impact working capital, resulting in reduced cash flows and increased funding needs
IPO FAQs
The promoters of the company are Rajesh Anne and Priya Bandhavi Anne.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 171.0 - 180.0.
The IPO application opens on Oct 16, 2024 and closes on Oct 18, 2024.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 136,800.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Oct 21, 2024.
The refund will be credited to your account on Oct 21, 2024.
The allotted shares will be credited to your demat on Oct 22, 2024.
Lakshya Powertech Ltd.’s shares listed on the stock exchanges on Oct 23, 2024.