What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Lakshya Powertech Limited IPO?

Based on the upper price band of ₹180 and current GMP of ₹170, the estimated listing price is ₹350 (approx. 94.4% gain).

What is the expected profit per lot for Lakshya Powertech Limited IPO?

With a lot size of 800 shares and current GMP of ₹170, expected profit per retail application lot is approximately ₹1,36,000.

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Grey Market Intelligence

Lakshya Powertech Limited

ListedSME

Capital 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

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

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Lakshya Powertech Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹170+94.4%

Issue Price (Upper)

₹180

Band: ₹171 – ₹180

Estimated Listing Price

₹350

Upper price + GMP

Lot Size

800 shares

Min investment ₹1,44,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
26 Feb 2025	+₹170	94.4%	₹350
1 Nov 2025	+₹170	94.4%	₹350
19 Nov 2025	+₹170	94.4%	₹350

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Lakshya Powertech Limited IPO GMP today?

The latest grey market premium for Lakshya Powertech Limited IPO is ₹170, which indicates an expected listing price of ₹350.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.