Lakshya Powertech Limited - IPO
SMELakshya Powertech Stock Price
Lakshya Powertech IPO Details
Lakshya Powertech IPO Subscription
Lakshya Powertech IPO Application Wise Breakup
Lakshya Powertech IPO Dates
- 16 Oct 2024Opening dateOPD
- 18 Oct 2024Closing dateCOD
- 21 Oct 2024Basis of AllotmentBOA
- 22 Oct 2024Initiation of RefundsIOR
- 22 Oct 2024Credit of SharesCOS
- 23 Oct 2024Listing dateLID
Lakshya Powertech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 800 | ₹144,000 |
| Retain Maximum | 1 | 800 | ₹144,000 |
| HNI Minimum | 2 | 1600 | ₹288,000 |
Lakshya Powertech IPO Reservation
Promoter Holding
Lakshya Powertech IPO Valuations
Lakshya Powertech Limited Financial Information
Lakshya Powertech Limited's revenue increased by 181% and profit after tax (PAT) rose by 452% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 8,246.31 | 3,334.85 | 1,758.89 | |||||||||||||||||||||||||||
| Revenue | 14,941.92 | 5,311.21 | 3,421.39 | |||||||||||||||||||||||||||
| Profit After Tax | 1,495.24 | 271.09 | 104.58 | |||||||||||||||||||||||||||
| Net Worth | 3,201.18 | 660.98 | 389.89 | |||||||||||||||||||||||||||
| Reserves and Surplus | 2,370.07 | 650.98 | 379.89 | |||||||||||||||||||||||||||
| Total Borrowing | 2,900.04 | 1,448.67 | 590.43 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Lakshya Powertech IPO
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.
Strength Of Lakshya Powertech IPO
1. Experienced Promoters and Management Team.
2. Long standing relationships with customers.
3. Efficient operational team.
4. Consistent financial performance.
Risk Of Lakshya Powertech IPO
1. Its projects are awarded through the competitive bidding process by government authorities/bodies and Private Companies. The company may not be able to qualify for, compete and win future projects, which could adversely affect its business and results of operations.
2. The company relies on its in-house designing and engineering team for project execution. Loss of employee(s) may have an adverse effect on the execution of its projects.
3. Its Registered Office, Corporate Office and Workshop from where the company operates is not owned by it.
4. Delays in the completion of current and future projects could lead to payment of liquidated damages for its engineering, procurement, construction and Commissioning ("EPCC"), which could have an adverse effect on its cash flows, business, results of operations and financial condition.
5. Increase in the prices of raw materials and labour could have an adverse effect on its business, results of operations and financial condition.
6. The Company, its Directors and its Promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make it liable to liabilities/penalties and may adversely affect its reputation, business and financial status.
7. Its actual cost in executing Projects may vary substantially from the assumptions underlying its bid or estimates. The company may be unable to recover all or some of the additional costs and expenses, which may have a material adverse effect on its results of operations, cash flows and financial condition.
8. Its business is working capital intensive. If the company experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of its operations.
9. The company has had negative cash flows from Operating, investing and financing activities in the past and a consequent net decrease in cash and cash equivalents in some of the recent years.
10. The Company is dependent on a few suppliers for purchases of products. The loss of any of these large suppliers may affect our business operations.
Objectives Lakshya Powertech IPO
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company;
- Funding working capital requirements of the Company; and
- General Corporate Purposes.
Company Contact Details
Lakshya Powertech Limited
A-620 & 621 Siddhivinayak Tower - A,
B/H DCP Office, Off. S.G. Highway,
Makarba, Jivraj Park, Ahmedabad - 380051
Phone: +91 9898577752
Email: investor@lakshyapowertech.com
Website: https://www.lakshyapowertech.com/
Registrar Contact Details
Lead Mangers
GYR Capital Advisors Private Limited
Market Maker
To be announced