About the Company:
Lakshya Powertech Ltd established in the year 2012, started as an Engineering Consultancy and Contracting Company, distinguished for its expertise in Mechanical and Electrical services.
Company embarked as a freelancing consultancy in power generation and rapidly transitioned into a multifaceted entity with a robust expansion into Operations and Maintenance (O&M) for Gas Power Generation.
Company strategically expanded its operations by delving into significant Power Generation Projects, a move that was strengthened by our entry into the Oil and Gas sector. This diversification not only broadened the scope of our services but also solidified our position in the industry.
Company’s global reach was further established through an Engineering, Procurement, and Construction (EPC) Contract in Renewables in Malaysia, and company’s growth extended into the Operations and Maintenance (O&M) of Oil and Gas facilities.
Company has a qualified and professional employee base with over 900 employees, including more than 800 technically qualified employees.
Company is predominantly engaged across four key sectors Oil and Gas, Power, Renewable Energy, and Industrial.
Company’s Services are organized into four primary divisions:
- (i) Engineering, Procurement, Construction & Commissioning.
- (ii) Integrated Operation & Maintenance Services.
- (iii) Special Services.
Within these segments, company delivers comprehensive solutions tailored to meet the unique needs of our clients, ensuring excellence at every stage of project execution.
Company’s Customers:
| Megha Engineering & Infrastructures Ltd. | Kirloskar Pneumatic Co. Ltd. | Triveni Turbine Ltd | Heubach Colour Pvt Ltd |
| Essar Oil & Gas Exploration & Production Ltd. | Oil And Natural Gas Corporation Ltd | Hindustan Petroleum Corporation Ltd | Larsen & Toubro Ltd |
| Atul Limited | Amazon Data Center Ltd | GMMCO Ltd | Powerica Ltd |
| Bharat Heavy Electricals Ltd | Vedanta Ltd | Indian Oil Corporation Ltd | Subham Inc. |
Company’s Category Wise Revenue Bifurcation: (in Lakhs)
Company’s Geography wise bifurcation: (in Lakhs)
Company’s Execution Capabilities:
Over the years, ompany has successfully executed more than 138 projects with our major completed projects quantifying to approximately Rs.136.90 crores. Company’s execution capabilities have grown significantly with time, both in terms of the size of projects that we bid for and execute, and the number of projects that we execute simultaneously.
As at May 31, 2024, Company has 44 major ongoing projects out of which 44 projects worth approximately Rs.421.41 crores has been confirmed based on Letter of Allocation / Purchase Order for which Rs.292.32 crores worth project execution is pending.
Company’s Data Centre operations:
Company has strategically positioned ourselves to address the complex demands of the ever-evolving digital landscape, particularly in enhancing the resilience and efficiency of Data Centre amid the exponential growth of data.
Leveraging our expertise in emergency power generation and fuel handling systems, we are committed to ensuring uninterrupted power supply and operational integrity for Data Centres.
Company is committed to advance our emergency power solutions, optimizing fuel handling systems for sustainability and efficiency, and offering comprehensive, end-to-end services for Data Centre operations and ensure sustainable growth and enhancing the digital infrastructure that reinforces our economy.
Currently company’s services of Data Centre operations are being carried out at Mumbai and Pune.
Services Provided by the Company:
Management Team:
- Mr. Rajesh Anne (Designation: Chairman and Managing Director)
- Mrs. Priya Bandhavi Anne (Designation: Whole-time Director)
Objectives of the Issue:
Fresh issue: (Rs. 50.40 cr)
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company.
- Funding working capital requirements of our Company.
- General Corporate Purposes.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our company |
5 cr |
| Funding working capital requirements of our Company | 30 cr |
Positives for the Company:
Substantial growth substantiated by a robust order and excellent pre-qualification credentials.
- Within our industry, the order book serves as a key performance indicator, reflecting a portion of anticipated future revenue . While company’s strategy isn’t solely centred on increasing the order book, we prioritize the addition of high-quality projects with the potentialfor greater margins.
- Through diversifying our expertise and expanding our order book across various industries and geographic regions, we can pursue a wider array of project opportunities, thereby optimizing our business volume and contract profitability. Over the past three years, our order book has witnessed significant growth.
- Company’s growing order book was partly due to our increased pre-qualifications for potential projects. We are currently pre-qualified to bid for EPC projects with a contract price of up to Rs.2.9 crores. The significant increase in pre-qualifications has helped us increase our target market size and maintain the momentum of our order book growth.
Integrated operation and management services backed by experience professionals.
- Company provides a comprehensive range of integrated operation and management services tailored for the energy industry sector. Company’s project engagements extend to both full and partial scope, with clients entrusting us with the operation and maintenance of t heir assets.
- Company’s services are designed to ensure operational safety and asset control, even in the most challenging environments. This strategic outsourcing allows our clients to significantly reduce management time input, enabling them to concentrate on their core business areas without compromising on safety or asset oversight.
- Company provides the Integrated Operations and Maintenance service to the Power, Oil & Gas, Renewables Industry.
Company is Planning Strategic Expansion in Renewable Energy and Green Energy.
- Company is actively expanding into the transformative realms of Renewable Energy and Green Energy. This is deeply rooted in our commitment to sustainability, innovation, and addressing the evolving needs of the global energy landscape.
- As company diversify into these growing sectors, we leverage our expertise in Engineering, Procurement, Construction and Commissioning (EPCC) to contribute to the development and implementation of clean and efficient energy solutions.
- As part of company’s business expansion plan, we are seizing the growth opportunities presented by the renewable energy sector, specifically the burgeoning solar energy market in India. With this strategic move, we are venturing into the EPC space of Renewable Energy Plant construction, with a specialized focus on Solar Park and Project developments.
Financials of the Company:
| (in Crores) | FY 22 | FY 23 | FY 24 |
|---|---|---|---|
| Revenue | 34.21 | 53.11 | 149.41 |
| Net Profit | 1.04 | 2.71 | 14.95 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Lakshya Powertech Ltd | 10 | 20.74 | 8.67 | 46.71% | 389.89 |
| Asian Energy Services Ltd | 10 | 6.48 | 41.77 | 9.19% | — |
| Engineers India Ltd | 5 | 7.92 | 25.50 | 19.74% | — |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 16th October 2024 |
| Issue Closes on | 18th October 2024 |
| Issue Price | Rs.171-180 |
| Face Value | Rs.10 |
| Minimum Lot | 800 Shares |
| Minimum Investment | Rs.1,44,000 |
| Issue Constitutes | 27.69 % |
| Issue Size | Rs.50.40 cr |
| Market Cap | Rs.182 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 28,00,000 (Rs.50.40 cr) |
| Equity Shares Prior to the Issue | 73,11,120 |
| Equity Shares after the Issue | 1,01,11,120 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt Equity Ratio (D/E) |
|---|---|---|---|---|
| 20.74 | 8.67 | 46.71% | 389.89 | 0.91 |
Also Read: Complete List of NSE/BSE Holidays List>>
| Should You Subscribe or Not ? (Markets Guruji’s View) |
|---|
| Lakshya Powertech Ltd, founded in 2012, initially began as an engineering consultancy specializing in mechanical and electrical services. Over time, the company rapidly evolved from freelancing consultancy into a multifaceted enterprise, diversifying into operations and maintenance (O&M) for gas power generation projects. This transition marked a significant milestone in the company’s growth, strengthening its expertise in the power sector.
The company’s strategic expansion continued with its involvement in large-scale power generation projects, particularly in the oil and gas industry. This diversification broadened Lakshya Powertech’s service offerings and solidified its standing in these key sectors. Their international footprint expanded through an Engineering, Procurement, and Construction (EPC) contract in the renewables sector in Malaysia. Currently, Lakshya Powertech employs over 900 professionals, with more than 800 technically qualified personnel. The company’s core operations span four vital sectors: oil and gas, power, renewable energy, and industrial services. With a strong order pipeline and pre-qualification credentials, Lakshya Powertech is well-positioned for further growth. Their future plans include strategic expansions in renewable and green energy, underscoring their commitment to sustainability and innovation in the energy sector. With strategic plans to expand into renewable and green energy, the company offers long-term investment potential as it positions itself for future growth. |
Important Dates:
| Finalization of Basis of Allotment | on or Before 21st October 2024 |
| Initiation of Refunds | on or Before 22nd October 2024 |
| Credit of Equity Shares: | on or Before 22nd October 2024 |
| Listing Date: | on or Before 23rd October 2024 |
| Company Contact Info: |
|---|
| Lakshya Powertech Ltd 401 Primark Raghavendra Nilayam, Raghavendra Nagar Kondapur, K.V. Rangareddy, Serilingampally, Telangana, India, 500084. Telephone: +91 9898577752 Email: investor@lakshyapowertech.com Website: www.lakshyapowertech.com |
| Registrar to the Issue: |
|---|
| KFIN TECHNOLOGIES LIMITED Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500032, Telangana Contact Person: M Murali Krishna Tel: +91 40 6716 2222 Email: Lakshya.ipo@kfintech.com Website: www.kfintech.com |
| Check IPO Allotment Status: |
|---|
KfinTech Website (Click on the below Link)http://kfintech/IPO/Allotment_Status |
