Lakshya Powertech Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹170(94.44%)
Premium (ELP)
The Initial Public Offering of Lakshya Powertech Limited's culminated in its successful listing on Oct 23, 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 Oct 16, 2024 to Oct 18, 2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Oct 21, 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.
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."
- 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.
- 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.
- Mr. Rajesh Anne
- Mrs. Priya Bandhavi Anne
Lakshya Powertech Limited
Kfin Technologies Limited