Lakshya Powertech IPO Subscription Status

Lakshya Powertech Limited's initial public offering (IPO) has garnered exceptional investor interest, with subscription rates increasing dramatically over the three-day period. Starting strongly on day one, the IPO witnessed a surge in demand, resulting in a 237.98 times oversubscription by 11:33:59 AM on day three. This response underscores the overwhelming market appetite for Lakshya Powertech Limited's shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 16th October 2024, has seen significant growth in investor participation across all categories. Lakshya Powertech Limited attracted bids for 44,95,03,200 equity shares amounting to ₹8,091.06 crore.

The Non-Institutional Investors (NII) segment, in particular, has shown exceptional demand, followed by very strong interest from Retail Investors. The Qualified Institutional Buyers (QIB) have also shown substantial participation.
 

Subscription Status of Lakshya Powertech IPO for Days 1, 2, and 3:

Here are the subscription details for Lakshya Powertech Limited IPO as of Day 3 (18th October 2024, 11:33:59 AM):

Total Applications: 380,178

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• Lakshya Powertech IPO is massively oversubscribed at 237.98 times, with exceptional demand across all investor categories.
• Non-Institutional Investors (NII) have shown overwhelming interest, with a subscription ratio of 349.88 times.
• Retail investors have demonstrated very strong enthusiasm, with a subscription ratio of 339.44 times.
• Qualified Institutional Buyers (QIB) have shown substantial interest, with a subscription ratio of 12.82 times.
• The overall subscription trend increased dramatically day-on-day, indicating extremely high investor confidence and positive sentiment towards the issue.

Lakshya Powertech IPO - Day 2 Subscription at 168.09 Times

Key Highlights:

• Overall subscription surged to 168.09 times, showing a significant increase from Day 1.
• Non-Institutional Investors (NII) portion saw a substantial jump to 206.78 times.
• Retail Investors continued to show very strong interest with a 255.38 times subscription.
• Qualified Institutional Buyers (QIB) portion increased significantly to 12.78 times.
• The dramatic increase across all categories indicated building momentum and high investor confidence.

Lakshya Powertech IPO - Day 2 Subscription at 61.71 Times

Key Highlights:

• The IPO opened with a strong overall subscription of 61.71 times, indicating high initial investor interest.
• Retail Investors showed exceptional early interest with a 100.68 times subscription.
• Non-Institutional Investors (NII) demonstrated strong initial demand with a 64.61 times subscription.
• Qualified Institutional Buyers (QIB) showed moderate first-day participation at 1.37 times.
• The strong Day 1 response set a solid foundation for the remaining days of the IPO.

About Lakshya Powertech Limited:

Lakshya Powertech Limited, established in 2012, started as an engineering consultancy firm specialising in mechanical and electrical services. The company has expanded its services to include Engineering, Procurement, Construction, and Commissioning (EPCC), Integrated Operation and Maintenance Services, and Specialty Services, primarily in the power generation and oil and gas sectors.

For FY 2024, Lakshya Powertech Limited reported a revenue of ₹14,941.92 lakhs, reflecting a 181% YoY growth, and a Profit After Tax (PAT) of ₹1,567.77 lakhs, indicating a 478% increase. The company's net worth stood at ₹3,173.71 lakhs as of 31st March 2024. Key performance indicators, including a Return on Equity (ROE) of 16%, a Return on Capital Employed (ROCE) of 13.41%, and a PAT Margin of 10.33%, underscore its robust financial health.

As of 31st May 2024, the company had 912 employees on its payroll. Lakshya Powertech has successfully executed more than 138 projects, with major projects completed amounting to approximately ₹13,690.68 lakhs.

Read more about Lakshya Powertech IPO

Highlights of the Lakshya Powertech IPO:

• IPO Date: 16th October 2024 to 18th October 2024
• Listing Date: 23rd October 2024 (Tentative)
• 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: ₹15 per share
• Issue Type: Book Built Issue IPO
• Listing At: NSE SME
• Book Running Lead Manager: GYR Capital Advisors Private Limited
• Registrar: Kfin Technologies Limited
• Market Maker: Giriraj Stock Broking