Lakshya Powertech IPO Now Live: ₹50 Crore Target, Price Band ₹171-180, Check GMP & Key Details

The Lakshya Powertech SME IPO is now open for subscription and will close on October 18. The company is aiming to raise ₹50 crore through this IPO and plans to list its shares on the NSE SME platform.

Here are 10 important things investors need to know before subscribing:

1) Lakshya Powertech IPO Size
The IPO is a fresh equity sale of 27.72 lakh shares, with the company aiming to raise around ₹50 crore.

2) IPO Price Band
The shares are priced between ₹171 and ₹180 each. Investors can bid for a minimum of 800 shares per lot.

3) Lakshya Powertech GMP
In the grey market, the company’s shares are trading at a premium of ₹160, indicating an 89% gain over the issue price.

4) About Lakshya Powertech
The company began as a freelancing consultancy in power generation but has now expanded into operations and maintenance (O&M) for gas power generation.

5) Industry Overview
According to the Central Electricity Authority (CEA), renewable energy generation in India is expected to rise from 18% to 44% by 2030, while thermal energy’s share will drop from 78% to 52%. The government has plans to achieve 500 GW of renewable capacity by 2030 and has allocated $1.4 trillion under the National Infrastructure Pipeline for FY 2019-25.

6) Lakshya Powertech Financials
For the financial year ending March 2024, Lakshya Powertech reported revenues of ₹148 crore and a net profit of ₹15.67 crore.

7) Purpose of the IPO
The money raised will be used for debt repayment, working capital needs, and general corporate purposes.

8) Lead Managers and Registrar
GYR Capital Advisors is the lead manager for the issue, and Kfin Technologies is acting as the registrar.

9) Issue Structure
50% of the IPO is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.

10) Important Dates
The IPO opened on October 16 and will close on October 18. Final share allotment is expected on October 21, and the shares should be listed on October 23.