The preliminary public providing (IPO) of Lakshya Powertech Ltd. which opened for subscription on October 16 will shut on Friday, October 18. The SME IPO has already witnessed outstanding curiosity from buyers as the difficulty was subscribed greater than 160 occasions on Day 2. The demand for the IPO was led by retail buyers who subscribed essentially the most, adopted by non-institutional buyers who subscribed greater than 200 occasions.
The corporate goals to lift Rs 49.91 crore from the market by way of a recent situation of 27,72,800 lakh shares.
As the difficulty enters the ultimate day of bidding, here is all you must know in regards to the Lakshya Powertech IPO.
Lakshya Powertech IPO Day 2 Subscription Standing
The IPO was subscribed 168.09 occasions on Thursday
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Certified Establishments: 12.78 occasions
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Non-Institutional Consumers: 206.78 occasions
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Retail Buyers: 255.38 occasions
Day 3 subscription standing can be added quickly and can be up to date at common intervals.
Lakshya Powertech IPO Newest Gray Market Premium
The gray market premium for the Lakshya Powertech IPO was Rs 172 as of 06:04 a.m. on October 18, indicating a list premium of 95.56% over the difficulty worth. As per InvestorGain, shares of Shiv Texchem might record at round Rs 352 apiece in comparison with the higher worth band of Rs 180.
Word: GMP or gray market worth just isn’t an official worth quote for the inventory and relies on hypothesis.
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Lakshya Powertech IPO: Particulars
Lakshya Powertech IPO worth band has been mounted at Rs 171 and Rs 180 per share. Retail buyers can bid within the public provide with a minimal lot dimension of 800 shares amounting to an funding of Rs 1,44,000.
The bidding window for Lakshya Powertech IPO will stay open until October 18.
As per the firm’s pink herring prospectus, of the 27,80,800 shares supplied –18.87% is reserved for Certified institutional consumers, 14.24% for Non-institutional buyers, 32.22% for retail buyers and 26.75% for Anchor buyers.
Lakshya Powertech IPO additionally has a reservation of as much as 72,000 shares for the corporate’s workers at a Rs 15 low cost.
The share allotment of the IPO can be finalised on October 21. Lakshya Powertech shares are anticipated to record on the NSE SME platform, Emerge, on October 23.
GYR Capital Advisors Pvt. is the book-running lead supervisor for the Lakshya Powertech IPO, whereas Kfin Applied sciences Ltd. is the registrar of the difficulty.
Giriraj Inventory Broking Pvt. is appearing as the difficulty’s market maker.
Lakshya Powertech IPO Day 1 Subscription Standing
The IPO was subscribed 61.71 occasions on Wednesday
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Certified Establishments: 1.37 occasions
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Non-Institutional Consumers: 64.61 occasions
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Retail Buyers: 100.68 occasions
Word: GMP or gray market worth just isn’t an official worth quote for the inventory and relies on hypothesis.
Lakshya Powertech Ltd. Enterprise & Financials
Integrated in 2012, Lakshya Powertech Ltd. started as an engineering, procurement, development, and commissioning (EPCC) service supplier, specialising in mechanical and electrical providers.
The corporate later expanded its choices to incorporate operations and upkeep (O&M) providers for gas-fired energy vegetation and large-scale energy era tasks.
Lakshya Powertech Ltd. caters to the oil and gasoline, energy, renewable power, and industrial sectors.
Lakshya Powertech IPO: Use of Funds
Lakshya Powertech plans to make use of the funds raised through the general public situation settlement of money owed. Additional, the proceeds can be used for the corporate’s working capital necessities and basic company functions.
Monetary Efficiency
Lakshya Powertech’s income from operations for the interval ended August 31, 2024, stood at Rs 57.8 crore with a profit-after-tax (PAT) of Rs 5.97 crore.
The corporate’s income from operations for the monetary yr ended March 31, 2024, elevated over 179% to Rs 148.13 crore in comparison with Rs 53.04 crore within the monetary yr ended March 31, 2023.
The corporate’s PAT for FY24 grew by greater than 478% to Rs 15.67 crore in comparison with Rs 2.71 crore within the previous fiscal.
Disclaimer: Potential buyers are suggested to assessment the IPO prospectus and seek the advice of with monetary advisors to know the dangers and rewards related to investing in Lakshya Powertech Ltd.
. Learn extra on IPOs by NDTV Revenue.
