Lakshya Powertech Limited IPO

Apply 0
Avoid 0

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:

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects: i. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; ii. Funding working capital requirements of the Company; and iii. General Corporate Purposes.

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:

Rajesh Anne, 47, is the Chairman, Managing Director, and Promoter of the Company. He holds a diploma in Electrical and Electronics from the State Board of Technical Education and Training (1995) and has over 27 years of experience in industries like oil & gas, power generation, and renewable energy. With expertise in EPCC and O&M, he previously worked at Andhra Sugars, Desein, T D Power Systems, and Triveni Turbines before founding Lakshya Powertech Private Limited. Priya Bandhavi Anne, 38, is the Whole-time Director and Promoter of the Company. She completed the Intermediate Public Examination from the Board of Intermediate Education, Andhra Pradesh, and has over 12 years of expertise in administration. Priya has played key roles in finance and administration, ensuring efficient operations and management. Lakshminarayana Eleswarapu, 55, is the Whole-time Director of the Company. He holds a Bachelor's in Electrical Engineering from the University of Delhi and has over 20 years of experience in industries like oil and gas, fertilizers, chemicals, and power plants. Specializing in life cycle cost optimization, he manages engineering projects from conceptualization to commissioning, ensuring alignment with company policies. He has worked with Punj Lloyd, Sathavahana Ispat, Nagarjuna Fertilizer, Qatar Electricity & Water Co, and Larsen & Toubro.

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

Recommendation on Lakshya Powertech Limited IPO:

Lead Manager of Lakshya Powertech Limited IPO:

  1. GYR CAPITAL ADVISORS PRIVATE LIMITED

Registrar of Lakshya Powertech Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

Lakshya Powertech Limited A-620 & 621 Siddhivinayak Tower - A, B/H DCP Office, Off. S.G. Highway, Makarba, Jivraj Park, Ahmedabad - 380051 Phone: +91 9898577752 Email: investor@lakshyapowertech.com Website: https://www.lakshyapowertech.com/

Discussion on Lakshya Powertech Limited IPO:

Leave a Reply