Lakshya Powertech Limited IPO
Lakshya Powertech Limited, originally incorporated as “Lakshya Powertech Private Limited” on July 20, 2012, has evolved from its initial role as an engineering consultancy firm into a comprehensive, multifaceted player in the energy sector. Initially established in Gujarat, the company has transitioned from a private limited company to a public limited company in 2024, underlining its growing presence and ambition in the industry. The company’s transition marks a significant milestone in its development, with a focus on expanding its operations in the energy, oil, and gas sectors.
Key Sectors and Service Offerings
Lakshya Powertech Limited’s operations are predominantly organized across four major sectors:
i. Oil and Gas ii. Power iii. Renewable Energy iv. Industrial
These sectors are supported by four primary service divisions:
i. Engineering, Procurement, Construction & Commissioning (EPCC)
ii. Integrated Operation & Maintenance (O&M) Services
iii. Special Services
iv. Trading Operations
Global Reach and Future Prospects
Lakshya Powertech Limited’s success in securing international projects, particularly in renewable energy, highlights its capability to operate on a global scale. Its growth in the operations and maintenance of oil and gas facilities, coupled with its entry into renewable energy through engineering and EPC contracts, positions the company to benefit from the increasing global focus on energy efficiency and sustainable practices.
As the world continues to transition towards cleaner energy sources, Lakshya Powertech is well-positioned to capitalize on opportunities in both traditional energy sectors, such as oil and gas, and emerging areas like renewable energy. The company’s diverse service portfolio, commitment to excellence, and strategic global expansion provide it with a strong foundation for future growth.
Conclusion
Lakshya Powertech Limited’s journey from a small engineering consultancy to a major player in the power, oil and gas, and renewable energy sectors is a testament to its adaptability and forward-thinking approach. With its broad array of services—ranging from EPCC to integrated O&M and specialized services—alongside its commitment to quality and safety, the company is well-positioned to meet the evolving needs of its clients and continue expanding its presence in both domestic and international markets.
Objects of the Lakshya Powertech Limited IPO:
Lakshya Powertech Limited IPO Details:
Open Date: | Oct 16 2024 |
Close Date: | Oct 18 2024 |
Total Shares: | 2,772,800 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 49.91 Cr. |
Lot Size: | 800 Shares |
Issue Price: | ₹ 171 - 180 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Oct 23 2024 |
Promoters And Management:
Financials of Lakshya Powertech Limited IPO:
Particulars (in cr) | 5MFY25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
Revenue | 57.8 | 148.13 | 53.04 | 34.14 |
EBITDA | 9.55 | 23.27 | 4.8 | 2.08 |
EBITDA Margin | 16.52% | 15.71% | 9.05% | 6.09% |
PAT | 5.97 | 15.67 | 2.71 | 1.04 |
PAT Margins | 10.32% | 10.57% | 5.10% | 3.04% |
CFOA | 2.41 | -22.17 | -6.45 | -2.18 |
Comparison With Peers:
Companies | Revenue | EBITDA | PAT | MCap | P/E |
Lakshya Powertech(FY 24) | 148.13 Cr. | 23.27 Cr. | 15.67 Cr. | 181.51 Cr. | 11.58 |
Asian Energy Services Limited(TTM) | 319 Cr. | 55 Cr. | 31 Cr. | 1,514 Cr. | 47.5 |
Engineers India Limited(TTM) | 3,086 Cr. | 441 Cr. | 398 Cr. | 10,794 Cr. | 27.1 |
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