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Lakshya Powertech Limited IPO GMP Review

Lakshya Powertech IPO’s grey market premium, was Rs 172 as of 08:57 a.m. on October 17, indicating a listing premium of 95.56% over the issue price. As per InvestorGain, shares of Shiv Texchem could list at around Rs 352 apiece compared to the upper price band of Rs 180.

The price of Target Power Eye Drop is Rs 49.91 crore. This is a fresh issue of a total of 27.73 lakh shares. Bidding for the Target Powertech IPO opened for subscription on October 16, 2024, and will close on October 18, 2024. The allotment for the Target Powertech IPO is expected to be finalized on Monday, October 21, 2024. Lakshya Powertech IPO will be listed. NSE SME and the provisional listing date has been set for Wednesday, October 23, 2024.

The price band of Lakshya Powertech IPO has been set at ₹171 to ₹180 per share. The minimum lot size for the application is 800 shares. The minimum investment amount required for retail investors is ₹144,000. The minimum lot size investment for HNIs is 2 lots (1,600 shares), amounting to ₹288,000.

GYR Capital Advisors Pvt Ltd is the book-running lead manager to the Lakshya Powertech IPO, while Kfin Technologies Ltd is the registrar to the issue. The market maker for Lakshya Powertech IPO is Giriraj Stock Broking.

Lakshya Powertech Limited was incorporated in the year 2012 as an engineering consultancy and contracting company based in Dadra and Nagar Haveli, Gujarat, reputed for its expertise in mechanical and electrical services. Primarily, it has partnered with four main sectors: oil, gas, power, renewable energy and industrial. Furthermore, providing quality and safety to the customer is a major commitment.