Lakshya Powertech was set up in 2012 and offers mechanical and electrical engineering consultancy services. In the following years in entered into O&M (operations and maintenance) services for gas-fired power plants as well as big power projects. It has also secured an EPC contract in Malaysia.
Engineering, procurement, construction, commissioning; integrated O&M services are some of the domains this company specialises in. It claims to have executed over 138 projects so far.
Lakshya Powertech issue details
Bids for the issue opens on Wednesday, October 16, 2024 and closes on October 18. The IPO of Lakshya Powertech, an SME based in Ahmedabad, intends to raise Rs 49.91 crores through a fresh issue of 27.73 lakh shares and does not contain any OFS (offer for sale).
Lakshya Powertech price, allotment
The price of each share of Lakshya Powertech has set at Rs 171-180. The minimum lot a retail investor can apply for consists of 800 shares, which will require an investment of Rs 1.44 lakh. HNIs have to put in double the amount for twice the number of shares.
The allotment of Lakshya Powertech shares will be decided on October 21. Listing will take place on October 23 at NSE SME.
Lakshya Powertech GMP
Lakshya Powertech GMP data shows spectacular rise according to investorgain. The price of a Lakshya Powertech share in the grey market in the run-up to the IPO opening rose in the following manner – Rs 51 on October 9, Rs 100 (October 10, 11), Rs 135 (October 13, 14), Rs 169 (October 15, 16). The GMP of Rs 169 indicates a listing gain of 93.89%, considering the issue price to be Rs 180. However, it must be kept in mind that GMP is an unofficial estimate and can change with time.
The book running lead manager to the IPO is GYR Capital Advisors and Kfin Technologies is the registrar for the issue. Giriraj Stock Broking has been appointed as the market maker.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Hitting the market when the blockbuster Hyundai Motor IPO is open for subscription, Lakshya Powertech, an SME has surprised the market with a huge GMP. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
