The Lakshya Powertech IPO subscription opened on Wednesday, October 16, 2024, and will close on October 18, 2024. The IPO aims to raise approximately ₹49.91 crores. The allocation includes 35% for retail investors, 50% for QIB, and 15% for NII, with a price band set between ₹171 and ₹180 per equity share.
The IPO consists of a minimum market lot of 800 Shares requiring an application amount of ₹144,000. Lakshya Powertech is an SME IPO that will be listed on the NSE.
Also read: Lakshya Powertech IPO: Dates, Pricing and Allotment 2024
Table of Contents
About Company
Lakshya Powertech Limited, founded in 2012 in Gujarat, Dadra, and Nagar Haveli, has since evolved from an engineering consultancy firm into a leading provider of Mechanical and Electrical services across sectors such as Oil, Gas, Power, Renewable Energy, and Industrial. Additionally, Initially focused on freelance power generation consultancy, the company rapidly expanded into operations and maintenance (O&M) for gas-fired power plants and large-scale power generation projects.
Additionally, by diversifying into the oil and gas sector and securing an EPC contract in the renewable energy industry in Malaysia, Lakshya Powertech successfully expanded its global reach. The company’s services are organized into three main divisions: (i) Engineering, Procurement, Construction, and Commissioning; (ii) Integrated Operation and Maintenance Services; and (iii) Specialty Services.
Moreover, with a strong commitment to quality and safety, Lakshya Powertech has executed over 138 projects, including a major project worth ₹13,690.68 lakhs. The company also reported revenues of ₹14,813.46 lakhs for FY 2024, ₹5,304.52 lakhs for FY 2023, and ₹3,414.33 lakhs for FY 2022.
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We recommend that investors consider applying for the IPO with a long-term perspective. Moreover, it is essential for investors to review the QIB, NII, and retail numbers before making an investment.
Lakshya Powertech IPO Subscription Status
Category | Day 1 | Day 2 | Day 3 |
---|---|---|---|
QIB | 1.37 | 9.10 | 0.00 |
NII | 64.35 | 147.17 | 0.00 |
RII | 99.68 | 213.05 | 0.00 |
Total | 61.18 | 134.48 | 0.00 |
Lakshya Powertech IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Lakshya Powertech IPO Subscription
- May Apply
Lakshya Powertech IPO Form
To apply for the Lakshya Powertech IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
When does the Lakshya Powertech IPO subscription start?
The IPO subscription opens on October 16, 2024, for QIB, NII, and retail investors.
How can I subscribe to the Lakshya Powertech IPO?
You can subscribe through ASBA or Non-ASBA options. Apply online via ASBA through your bank account, or download the form, fill it out, and submit it to your broker or bank.
How do I check live Lakshya Powertech IPO subscription numbers?
Visit our portal for hourly updates on the subscription status, sourced from official websites. You can also check the live subscription on the official IPO page.
How do I apply for the Lakshya Powertech IPO through Zerodha?
Log in to the Zerodha Console via the website or app. Navigate to Portfolio, click on IPO, and find “Lakshya Powertech.” Click on Bid, enter your UPI ID, quantity, and price, then submit the form. Approve the mandate via your UPI app or net banking. You can open a Demat account with Zerodha if needed.
How do I apply for the Lakshya Powertech IPO through Upstox?
Log in to the Upstox app with your credentials. Select the IPO section and choose “Lakshya Powertech.” Click on Bid, confirm your application, and approve the mandate via your UPI app or net banking. If necessary, you can open a Demat account with Upstox.
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