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Lakshya Powertech IPO
Lakshya Powertech Ltd
₹1,36,800 /800 sharesMinimum Investment
Lakshya Powertech IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹180.00 | ₹342.00 | ₹162.00 (90.00%) |
Lakshya Powertech IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 16 Oct ‘24 - 18 Oct ‘24 | ₹1,36,800 | 800 | ₹171 - ₹180 |
| Issue Size | IPO Doc |
|---|---|
| 49.91Cr | RHP PDF |
Subscription rate
As of 18 Oct'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Employees | 0.00x |
| Total | 529.28x |
About Lakshya Powertech
Founded in
2012
Managing director
Mr. Rajesh Anne
Parent organisation
Lakshya Powertech Ltd
Strengths & Financials of Lakshya Powertech
Strengths
Risks
Lakshya Powertech is ISO 9001:2015 certified for quality management systems and ISO 45001:2018 certified for occupational health and safety management. The company also has 5S certification for workplace efficiency.
The company claims to have completed more than 138 projects over the years, with major project completions valued at approximately Rs 268.43 crore.
The company claims to strictly follow Health, Safety, and Environment (HSE) standards, ensuring every project meets top-tier safety and environmental requirements.
Lakshya Powertech is expanding into the engineering, procurement, and construction (EPC) sector, particularly in the renewable energy space. The company is focusing on solar park construction and project development.
The company has recorded a consistent rise in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 34.14 crore in FY22 to Rs 53.04 crore in FY23 to Rs 148.13 crore in FY24, while PAT increased from Rs 1.04 crore in FY22 to Rs 2.71 crore in FY23 to Rs 14.95 crore in FY24.
There are ongoing legal proceedings involving the company's promoters and directors. Any adverse judgments in any of these cases could be detrimental to the company’s business.
A major portion of the company’s revenue from operations comes from a few key customers. The top 5 customers contributed nearly Rs 45.75 crore (70.67%) of revenue from operations as of 31 August 2024, Rs 106.83 crore, Rs 25.84 crore, and Rs 24.36 crore in FY24, FY23, and FY22, respectively, while the top 10 customers contributed Rs 52.20 crore as of 31 August 2024, and Rs 125.60 crore, Rs 37.93 crore, and Rs 30.55 crore in FY24, FY23, and FY22, respectively. Any loss of these customers or a failure to retain them can adversely affect the company’s operations and revenue generation capabilities.
The company secures projects through competitive bidding from government bodies and private companies. Any failure to qualify for or win future bids can negatively impact business operations and results.
Lakshya Powertech depends on its in-house design and engineering team for project execution. The loss of key employees can adversely affect project delivery.
As of August 31, 2024, the company had an outstanding loan amount, consisting of secured and unsecured loans, of Rs 29.16 crore. Any inability to service or repay these loans can be detrimental to the company’s financial standing.
Lakshya Powertech Financials
*All values are in Rs. Cr
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Application Details of Lakshya Powertech IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹171 - 180 | ₹2 - 5 Lakh |
| Employee | ₹156 - 165 | ₹2 - 5 Lakh |
| High Networth Individual | ₹171 - 180 | ₹2 - 5 Lakh |
For Lakshya Powertech IPO, eligible investors can apply as Regular & Employee.