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Lakshya Powertech IPO
Price Band
₹171.0–180.0
Issue Size
₹49.8 Cr
Lot Size
800 shares
Min Investment
₹144,000
GMP
+₹170.0 (94.44%)
Issue Price
₹180.0
Subject to Sauda
₹103400
Paid only if allotted
Lakshya Powertech IPO AI Summary
- Lakshya Powertech IPO is listed on NSE SME in the Civil Construction sector.
- Price band: ₹171.0–₹180.0 per share, lot size 800 shares (min. investment ₹144,000).
- Subscription window: 16 Oct–18 Oct 2024, listing on 23 Oct 2024.
- Current GMP is +₹170.0 (94.44%), an estimated listing price of ₹350 — unofficial and can change daily.
Lakshya Powertech Limited is an established player in civil construction, focusing on engineering and maintenance services for power generation. With a strong project portfolio and a diverse service offering, the company is positioned for growth, although investors should consider the inherent risks associated with IPO investments.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Lakshya Powertech IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 18 Oct 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Lakshya Powertech IPO Grey Market Premium (GMP) Today
GMP
+₹170.0
GMP %
+94.44%
Est. Listing
₹350.0
Updated: 25 Jul 2026 14:03
About the Company
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.
Company Financials (₹ Cr)
As of 2024-08-31
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 94.16 | 82.46 | 33.35 | 17.59 |
| Total Income | 58.15 | 149.42 | 53.11 | 34.21 |
| Profit After Tax | 5.97 | 15.68 | 2.71 | 1.05 |
| NET Worth | 37.71 | 31.74 | 6.61 | 3.90 |
| Reserves and Surplus | 30.40 | 24.43 | 6.51 | 3.80 |
| Total Borrowing | 29.17 | 29.00 | 14.49 | 5.90 |
Key Ratios
EPS
₹21.44
NAV
₹51.58
ROE
16%
ROCE
13.41%
RoNW
15.84%
P/B Value
3.49
P/E Ratio
8.39
Market Cap
₹181.51 Cr
PAT Margin
10.33%
Debt/Equity
0.83
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Engineers India Ltd. | 43.41 | 19.74% | 23.86 | 7.92 | 7.92 |
| Asian Energy Services Limited | 68.35 | 9.19% | 53.56 | 6.64 | 6.48 |
| Lakshya Powertech Limited This IPO | 43.41 | 49.4% | — | 21.75 | 21.75 |
Promoters
Rajesh Anne and Priya Bandhavi Anne
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company 4.50 2 Funding working capital requirements of the Company; and 30.00 3 General Corporate Purposes 11.46
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹34.21 Cr in the year ending 31 Mar 2022, increasing to ₹53.11 Cr by 31 Mar 2023. It further rose to ₹149.42 Cr for the year ending 31 Mar 2024, before decreasing to ₹58.15 Cr by 31 Aug 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹1.05 Cr in the year ending 31 Mar 2022, rising to ₹2.71 Cr by 31 Mar 2023. It further increased to ₹15.68 Cr for the year ending 31 Mar 2024, before decreasing to ₹5.97 Cr by 31 Aug 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Priced at roughly 8.39 trailing earnings, versus peers trading at 23.86-53.56.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected listing price of an IPO based on unofficial trading. A high GMP suggests strong demand and potential for gains on the listing day, but it is not a guarantee of performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs that are subject to high volatility and market fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on 16 October 2024 and closes on 18 October 2024. Allotment of shares will be done by 21 October 2024, with the listing expected on 23 October 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see a surge in price, others may not perform as expected. Investors should be prepared for the possibility of both gains and losses.
This evaluation is generated from Lakshya Powertech's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Lakshya Powertech IPO GMP today?
Lakshya Powertech IPO GMP today is +₹170.0 (94.44%), indicating an estimated listing price of ₹350. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Lakshya Powertech IPO?
The price band of Lakshya Powertech IPO is ₹171.0–₹180.0 per share.
When does Lakshya Powertech IPO open and close?
Lakshya Powertech IPO opens on 16 October 2024 and closes on 18 October 2024.
When does Lakshya Powertech IPO list on the stock exchange?
Lakshya Powertech IPO listed on 23 October 2024 at ₹350.0.
What is the lot size for Lakshya Powertech IPO?
The lot size for Lakshya Powertech IPO is 800 shares, requiring a minimum investment of ₹144,000.
What is the price band for the IPO?
The price band for the IPO is ₹171.0 to ₹180.0.
What is the minimum investment required?
The minimum investment required is ₹144,000.
What is the lot size for the IPO?
The lot size for the IPO is 800 shares.
When is the IPO expected to be listed?
The IPO is expected to be listed on 23 October 2024.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
16 Oct 2024
Close
18 Oct 2024
Allotment
21 Oct 2024
Listing
23 Oct 2024
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