Lakshya Powertech Limited
ListedSMECapital Goods / Power · NSE
Founded in 2012, Lakshya Powertech Limited started as an engineering consultancy specializing in mechanical and electrical services. Over the years, it expanded into operations and maintenance for gas-fired power plants and large-scale power projects. The company further strengthened its presence by diversifying into the oil and gas sector and securing an EPC contract in Malaysia’s renewable energy sector, showcasing its global reach. Lakshya Powertech operates in four key areas: Engineering, Procurement, Construction, and Commissioning (EPC); Integrated O&M Services; and Specialty Services. With over 138 completed projects worth approximately ₹13,690.68 lakhs and a workforce of 912 employees as of May 31, 2024, the company continues to grow and make a strong impact in the industry.
Price Band
₹171 – ₹180
Issue Size
₹49.91 Cr
Lot Size
800 shares
GMP
₹170
+94.4%
Est. Listing
₹350
at current GMP
Subscribed
575.91x
overall
Open
16 Oct 2024
Close
18 Oct 2024
Allotment
21 Oct 2024
Refund
22 Oct 2024
Demat Credit
23 Oct 2024
Listing
23 Oct 2024
Last updated 12 days ago
Official Registrar Verification
Lakshya Powertech Limited Allotment Status
Designated Registrar: Kfin Technologies Limited
Allotment Date
21 Oct 2024
Basis finalization
Refunds Initiate
22 Oct 2024
Mandate release
Demat Credit
23 Oct 2024
Shares in demat
Listing Debut
23 Oct 2024
Trading begins
How to Check Lakshya Powertech Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
- Select Lakshya Powertech Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Lakshya Powertech Limited Public Issue & Market Profile
Lakshya Powertech Limited is bringing an initial public offering (IPO) in the Capital Goods / Power sector with an aggregate issue size of ₹49.91 Crores. The shares are offered at a price band of ₹171 to ₹180 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2024-10-18, the basis of allotment is scheduled to be finalized on 2024-10-21. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.