Lakshya Powertech’s IPO is a book-built issue totaling Rs 49.91 crores, consisting entirely of a fresh issue of 27.73 lakh shares.
The IPO opens for subscription on October 16, 2024, and closes on October 18, 2024. The allotment is expected to be finalized on Monday, October 21, 2024, and the shares are set to list on the NSE SME platform on Wednesday, October 23, 2024.
Lakshya Powertech operates in multiple sectors, primarily focusing on Oil and Gas, Power, Renewable Energy, and Industrial sectors. The company provides a range of services including engineering consultancy, operations and maintenance (O&M) for power generation projects, and EPC (Engineering, Procurement, and Construction) services.
The price band for the IPO is set at ₹171 to ₹180 per share. The minimum application size is 800 shares, requiring a retail investor to invest at least ₹144,000. For High Net Worth Individuals (HNIs), the minimum investment is 2 lots (1,600 shares), amounting to ₹288,000.
Additionally, there is a reservation of up to 72,000 shares for employees, offered at a discount of ₹15 to the issue price.
GYR Capital Advisors Private Limited is the book-running lead manager, with Kfin Technologies Limited serving as the registrar. Giriraj Stock Broking is the market maker for the IPO.
Lakshya Powertech IPO Details:
| Company Name | Lakshya Powertech Limited |
| Sector | Oil and Gas, Power, Renewable Energy, and Industrial |
| IPO Type | SME |
| IPO Open date | 16th Oct 2024 |
| IPO Close date | 18th Oct 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Lakshya Powertech IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 800 | 1,44,000 |
| HNI (Min) | 2 | 1600 | 2,88,000 |
Lakshya Powertech IPO Timeline:
| IPO Open Date | 16th Oct 2024 |
| IPO Close Date | 18th Oct 2024 |
| Basis of Allotment | 21st Oct 2024 |
| Refund Initiation Date | 22nd Oct 2024 |
| Shares Credit to Demat | 22nd Oct 2024 |
| Listing Date | 23rd Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Lakshya Powertech’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Oil and Gas, Power, Renewable Energy, and Industrial Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Lakshya Powertech and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
