Lakshya Powertech Limited 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.

Lakshya Powertech Limited Financial Information (Restated)

Lakshya Powertech Limited’s revenue increased by 181% and profit after tax (PAT) rose by 478% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	9,415.91	8,246.31	3,334.85	1,758.89
Revenue	5,815.38	14,941.92	5,311.21	3,421.39
Profit After Tax	597.11	1,567.77	271.09	104.58
Net Worth	3,770.8	3,173.71	660.98	389.89
Reserves and Surplus	3,039.69	2,442.6	650.98	379.89
Total Borrowing	2,916.59	2,900.04	1,448.67	590.43
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Lakshya Powertech IPO is Rs 181.51 Cr.

KPI as of August 31, 2024.

KPI	Values
ROE	16%
ROCE	13.41%
Debt/Equity	0.83
RoNW	15.84%
P/BV	3.49
PAT Margin (%)	10.33

	Pre IPO	Post IPO
EPS (Rs)	21.44	14.21
P/E (x)	8.39	12.67

Note:

The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of August 31, 2024 that is available in RHP.

Objects of the Issue (Lakshya Powertech IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

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.

Lakshya Powertech IPO Details

IPO Date	October 16, 2024 to October 18, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹171 to ₹180 per share
Lot Size	800 Shares
Total Issue Size	2,772,800 shares (aggregating up to ₹49.91 Cr)
Fresh Issue	2,772,800 shares (aggregating up to ₹49.91 Cr)
Employee Discount	Rs 15 per share
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	7,311,120
Share holding post issue	10,083,920
Market Maker portion	148,000 shares

Lakshya Powertech IPO Promoter Holding

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Share Holding Pre Issue	96.84%
Share Holding Post Issue

SHARIAH SCREENING for - Lakshya Powertech Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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