Lakshya Powertech Limited IPO
Lakshya Powertech Limited IPO
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The Initial Public Offering of Lakshya Powertech Limited's culminated in its successful listing on 23-10-2024 at the NSE trading platform. The company secured 27,72,800 Shares through this capital market exercise, with 27,72,800 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹171 to ₹180, with minimum investment requirements of 800 shares. The subscription period from 16-10-2024 to 18-10-2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 21-10-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Lakshya Powertech IPO About Company
Founded in 2012, Lakshya Powertech Limited started as an engineering consultancy specializing in mechanical and electrical services. Over the years, it expanded into operations and maintenance for gas-fired power plants and large-scale power projects. The company further strengthened its presence by diversifying into the oil and gas sector and securing an EPC contract in Malaysia’s renewable energy sector, showcasing its global reach. Lakshya Powertech operates in four key areas: Engineering, Procurement, Construction, and Commissioning (EPC); Integrated O&M Services; and Specialty Services. With over 138 completed projects worth approximately ₹13,690.68 lakhs and a workforce of 912 employees as of May 31, 2024, the company continues to grow and make a strong impact in the industry.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Lakshya Powertech IPO Strength Factors
- Expert Project Execution: Afcons is known for delivering high-quality projects that are safe, cost-efficient, and completed on time.
- Strong Growth & Reputation: With a solid pipeline of projects and top-tier credentials, the company continues to expand successfully.
- Skilled & Experienced Team: Afcons' success is driven by a team of seasoned professionals who bring expertise and efficiency to every project.
Lakshya Powertech IPO Risk Factors
- Winning Contracts is Crucial: Afcons relies on competitive bidding to secure government and private projects. Missing out on key contracts could affect its business operations.
- Skilled Team Matters: The company depends on its expert design and engineering staff. Losing key team members could disrupt project execution and overall performance.
- Relying on Rented Spaces: Afcons operates from leased offices and workshops, which could pose potential operational risks in the long run.
Lakshya Powertech IPO Lead Manager(s)
- GYR Capital Advisors Private Limited
Lakshya Powertech IPO Promoter(s)
- Mr. Rajesh Anne
- Mrs. Priya Bandhavi Anne
Lakshya Powertech IPO FAQs
Lakshya Powertech Limited IPO subscribed 575.91 times. The public issue subscribed 590.31 times in the retail category,215.46times in QIB, and -- times in the HNI (10+) category byNovember 19, 2025 8:41:18 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Lakshya Powertech IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Lakshya Powertech IPO FAQs
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