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Lakshya Powertech Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Lakshya Powertech Ltd IPO

Registered Office: A-620&621 Siddhivinayak TowerA,B/H DCP Office Makarba Ji.Park , Ahmedabad - 380051 , Gujarat , India.
Phone : +91 98985 77752   Fax:
Email :  investor@lakshyapowertech.com  
Website :  www.lakshyapowertech.com
Initial public offer of 27,72,800 equity shares of face value of (Rs)10/- each (the "Equity Shares") of Lakshya Powertech Limited ("The Company" or "LPL" or "The Issuer") at an issue price of (Rs)180 per equity share for cash, aggregating (Rs)49.91 crores ("Public Issue") out of which 1,48,000 equity shares of face value of (Rs)10 each, at an issue price of (Rs)180 per equity share for cash, aggregating (Rs)2.66 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion") and 72,000 equity shares at an issue price of (Rs)165 aggregating (Rs)1.19 crores for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The public issue less market maker reservation portion and employee reservation portion i.e. issue of 25,52,800 equity shares of face value of (Rs)10 each, at an issue price of (Rs)180 per equity share for cash, aggregating (Rs)46.31 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 27.50 % and 25.32% respectively of the post-issue paid-up equity share capital of the company. A Discount of (Rs)15 per equity share is being offered to eligible employees bidding in the employee reservation portion.

Issue Money Payable On
Opens On Closes On Application Allotment
16-Oct-24 18-Oct-24 (Rs)180.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :800  Further Multiples of :800

  (Rs Cr) Lead Managers to the Issue
Project Cost 45.96
GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer 49.91  
Post Issue Equity Share Capital 10.08  
Issue Price (Rs)180.00  
 
Projects
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the companyGeneral corporate purposes
Funding working capital requirements of the company
Promoted By
Rajesh Anne  
Priya Bandhavi Anne  
Gopala Rao Anne  
Listing At
NSE - SME 
Registrar to the Issue
KFin Techologies Ltd