As of October 16, 2024, the Lakshya Powertech IPO opens for subscription and closes on October 18, 2024. The price band for Lakshya Powertech IPO is set at ₹171 to ₹180 per share with a face value of ₹10.
Lakshya Powertech IPO Subscription Status
Lakshya Powertech IPO subscribed over 61.18x on its first day of subscription by 5:47 PM on 16th October.
- Lakshya Powertech IPO subscription QIB investors portion is 1.37x while NII subscribed 64.35x and RII investors have subscribed 99.68x times.
- The company has received bids for 11,48,60,800 against 18,88,800 shares offered on the first day.
- Lakshya Powertech IPO subscribed over 60.92x on day one.
About Lakshya Powertech IPO
Lakshya Powertech Limited was incorporated in the year 2012 in Gujarat, Dadra, and Nagar Haveli with the business of an Engineering Consultancy and Contracting Company, distinguished for its expertise in Mechanical and Electrical services. Prominently, it has partnered with four main sectors: Oil, Gas, Power, Renewable Energy, and Industrial. Further, providing quality and safety to the customer is a major commitment. Moreover,138 main projects have been executed through efficient work, wherein a major complicated project has got ₹ 13690.68 Lakhs. Additionally, Rs. 14,813.46 Lakhs is for FY 2024,2023, and 2022 got Rs. 5,304.52 Lakhs, and Rs. 3,414.33 Lakhs.
Lakshya Powertech Company IPO Financial Report
The company reported revenue of ₹149.42 crores in 2024 against ₹53.11 crore in 2023. The company reported a profit of ₹15.68 crores in 2024 against a profit of ₹2.71 crores in 2023.
Lakshya Powertech IPO GMP:
Lakshya Powertech IPO GMP was ₹160 as of Wednesday, October 16. That indicates the IPO is trading at ₹340 with ₹160 premium in the grey market against the issue price of ₹180.
