Lakshya Powertech Limited was incorporated in the year 2012 in Gujarat, Dadra, and Nagar Haveli with the business of an Engineering Consultancy and Contracting Company, distinguished for its expertise in Mechanical and Electrical services. Prominently, it has partnered with four main sectors: Oil, Gas, Power, Renewable Energy, and Industrial. Further, providing quality and safety to the customer is a major commitment. Moreover,138 main projects have been executed through efficient work, wherein a major complicated project has got ₹ 13690.68 Lakhs.
Lakshya Powertech IPO price band is ₹171 to ₹180 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Lakshya Powertech IPO to list on NSE SME on October 23, 2024. The allotment of Lakshya Powertech IPO date is October 21, 2024. The company reported revenue of ₹149.42 crores in 2024 against ₹53.11 crore in 2023. The company reported profit of ₹14.95 crores in 2024 against profit of ₹2.71 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.
Lakshya Powertech IPO Details
| IPO Open Date: | October 16, 2024 |
| IPO Close Date: | October 18, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹171 to ₹180 Per Share |
| Issue Size: | Approx ₹49.91 Crores, 2,772,800 Equity Shares |
| Fresh Issue: | Approx ₹49.91 Crores, 2,772,800 Equity Shares |
| Offer for Sale: | NA |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Lakshya Powertech IPO Dates
The Lakshya Powertech IPO date is October 16 and the close date is October 18. The Lakshya Powertech IPO allotment will be finalized on October 21 and the IPO listing on October 23.
| IPO Open Date: | October 16, 2024 |
| IPO Close Date: | October 18, 2024 |
| Basis of Allotment: | October 21, 2024 |
| Refunds: | October 22, 2024 |
| Credit to Demat Account: | October 22, 2024 |
| IPO Listing Date: | October 23, 2024 |
Lakshya Powertech IPO Market Lot
The Lakshya Powertech IPO minimum market lot is 800 shares with ₹144,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹144,000 |
| Retail Maximum | 1 | 800 | ₹144,000 |
| HNI Minimum | 2 | 1,600 | ₹288,000 |
Analyzing the Financial Statements of Lakshya Powertech for IPO
The company reported revenue of ₹149.42 crores in 2024 against ₹53.11 crore in 2023. The company reported profit of ₹14.95 crores in 2024 against profit of ₹2.71 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹34.21 | ₹32.73 | ₹1.05 | ₹17.59 |
| 2023 | ₹53.11 | ₹49.29 | ₹2.71 | ₹33.35 |
| 2024 | ₹149.42 | ₹129.10 | ₹14.95 | ₹82.46 |
