Lakshya Powertech Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,260,800 (45%) | — | ₹2,269 Cr |
| NII (HNI) | — | 396,000 (14%) | — | ₹713 Cr |
| Retail | — | 896,000 (32%) | — | ₹1,613 Cr |
| Market Maker | — | 148,000 (5%) | — | ₹27 Cr |
| Σ Total | — | 2,772,800 (100%) | — | ₹49,910 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 13 | 10,400 | ₹1,872,000 |
| S-HNI (Min) | 14 | 11,200 | ₹2,016,000 |
| B-HNI (Min) | 67 | 53,600 | ₹9,648,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 5,815 | 14,942 | 5,311 |
| Profit After Tax | 597 | 1,568 | 271 |
| Net Worth | 3,771 | 3,174 | 661 |
| Total Assets | 9,416 | 8,246 | 3,335 |
| Reserves & Surplus | 3,040 | 2,443 | 651 |
| Total Borrowing | 2,917 | 2,900 | 1,449 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; –
- Funding working capital requirements of the Company; and –
- General Corporate Purposes. –
Company Overview
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 sector in Malaysia and growth in oil and gas plant maintenance and repair marked the company's global reach.
Lakshya Powertech's services are divided into four main areas: (i) Engineering, Procurement, Construction, and Commissioning; (ii) Integrated Operation and Maintenance Services; (iii) Specialty Services.
The company has successfully executed more than 138 projects with the major projects completed amounting to approximately Rs. 13690.68 lakhs.
Competitive Strengths:
- Extensive expertise in project management focusing on excellence in quality, health, safety, cost efficiency, and timely execution
- Significant growth underpinned by a solid order book and excellent pre-qualification credentials
- Integrated operational and management services supported by experienced professionals
- Activities in various industries and economies
- Sustainable growth and strong financial performance
- Expansion of EPCC contracts alongside expansion into emerging renewables and green energy businesses
- Active bidding for new projects
- Building and maintaining close relationships with customers and suppliers
- Attracting and retaining talented employees
- Improve operational controls to ensure timely delivery of services
The company works with both public and private sector entities. The company's clients include Gmmco Limited, Equinox Engineering Limited, and many other prestigious companies and government institutions.
As of May 31, 2024, the company had 912 employees on its payroll.