Lakshya Powertech is preparing for its upcoming IPO, aiming to attract investors with its focus on engineering consultancy and contracting services in the power generation sector. Established initially as a freelance consultancy, the company has expanded its operations to include engineering, procurement, construction, and maintenance services across oil and gas, renewable energy, and industrial sectors. With a portfolio of over 138 successfully executed projects valued at approximately ₹136.91 crores, Lakshya Powertech is positioning itself as a key player in the growing energy market. The IPO will offer shares at a price range of ₹171 to ₹180, reflecting the company’s growth potential and strategic initiatives in a rapidly evolving industry.
₹150
₹180
₹342
Expert Opinions
Lakshya Powertech’s IPO presents a unique investment opportunity amid a positive market sentiment, driven by increasing interest in the energy sector. The company has demonstrated strong fundamentals, executing over 138 projects and expanding its global footprint in renewable energy. Its strengths include a diverse service portfolio in engineering, procurement, and maintenance, positioning it well in a growing industry.
However, investors should consider risks such as competition and potential regulatory challenges. The IPO valuation appears reasonable given the company’s growth trajectory, with promising revenue increases reported. For long-term investors, Lakshya Powertech offers growth prospects aligned with the shift towards sustainable energy solutions, making it an attractive option in the evolving market landscape.
Investor Considerations
Investors considering Lakshya Powertech’s IPO should evaluate several key aspects. The company has shown remarkable performance, with revenue soaring from ₹53.11 crores in FY 2023 to ₹149.41 crores in FY 2024, highlighting its strong fundamentals. The sector outlook is promising, driven by India’s increasing focus on renewable energy and infrastructure development. The IPO valuation is set between ₹171 to ₹180 per share, which appears attractive given the company’s growth trajectory and competitive position in the engineering sector.
Growth prospects are further supported by ongoing projects and expansion into new markets. However, investors should be cautious of risks such as regulatory challenges and market competition. For those with a long-term investment horizon, Lakshya Powertech presents a compelling opportunity to benefit from the evolving energy landscape and the shift towards sustainable practices in India.
| Date | GMP | Trend |
|---|---|---|
| 23 Oct 2024 11.21 | ₹150 | Down |
| 22 Oct 2024 10.53 | ₹190 | --- |
| 21 Oct 2024 11.12 | ₹190 | Up |
| 19 Oct 2024 18.51 | ₹180 | Up |
| 18 Oct 2024 11.24 | ₹175 | --- |
| 17 Oct 2024 10.22 | ₹175 | Down |
| 16 Oct 2024 19.58 | ₹180 | Up |
| 13 Oct 2024 12.59 | ₹130 | Up |
| 12 Oct 2024 10.35 | ₹100 | --- |
FAQs
The Grey Market Premium demonstrated high accuracy in predicting Lakshya Powertech’s listing performance. The GMP of ₹150 predicted an 83.33% premium over the issue price, while the actual listing delivered a 90% gain. With a small prediction error of just 3.64%, the GMP effectively captured both the strong positive sentiment and came very close to predicting the actual magnitude of gains, proving to be a highly reliable indicator in this case.
Lakshya Powertech IPO Current GMP is ₹150.
Lakshya Powertech IPO Expected Returns is 83.33%.
Lakshya Powertech IPO estimated listing price is ₹330.