Lakshya Powertech Limited IPO Review
Neutral180-180 · SME
✦
Analyst Verdict
Lakshya Powertech Limited IPO
Neutral
IPO at a Glance
Price Band
180-180
Issue Size
50cr
Min. Investment
₹1,44,000
Opens
2024-10-14
Closes
2024-10-16
Listing
2024-10-21
Category
SME
Key Strengths
✓The company has successfully executed over 138 projects, totaling nearly ₹ 26,843.1 Lakhs. As of August 31, 2024, it is managing 45 major ongoing projects valued at approximately ₹ 43,199 Lakhs, based on purchase orders.
✓While the company is focusing on securing EPCC contracts to advance up the value chain and serve as the primary service provider, it is also strategically diversifying into emerging sectors such as Renewable Energy and Green Energy.
✓The company specializes in delivering comprehensive engineering, procurement, and construction services tailored to a wide range of industries and economies.
✓The company’s quality management systems are certified under ISO 9001:2015 and ISO 45001:2018, underscoring its commitment to precision and performance.
Key Risks
⚠The projects are awarded through a competitive bidding process by government authorities, bodies, and private companies. Failure to qualify, compete, or win future projects could adversely affect the business.
⚠Delays in completing current and future projects could result in the payment of liquidated damages for engineering, procurement, construction, and commissioning (EPCC), which may negatively impact cash flows, business operations, and financial condition.
⚠An increase in the prices of raw materials and labor could adversely affect the business, operational results, and financial condition.
⚠The company’s business is working capital intensive. Insufficient cash flows to meet required payments for working capital could negatively impact operational results.
⚠The company has experienced negative cash flows from operating, investing, and financing activities, resulting in a net decrease in cash and cash equivalents in certain recent years.
Frequently Asked Questions
Should I apply for Lakshya Powertech Limited IPO?
Based on our analysis, our rating for Lakshya Powertech Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Lakshya Powertech Limited IPO?
The projects are awarded through a competitive bidding process by government authorities, bodies, and private companies. Failure to qualify, compete, or win future projects could adversely affect the business. Delays in completing current and future projects could result in the payment of liquidated damages for engineering, procurement, construction, and commissioning (EPCC), which may negatively
What are the strengths of Lakshya Powertech Limited IPO?
The company has successfully executed over 138 projects, totaling nearly ₹ 26,843.1 Lakhs. As of August 31, 2024, it is managing 45 major ongoing projects valued at approximately ₹ 43,199 Lakhs, based on purchase orders. While the company is focusing on securing EPCC contracts to advance up the value chain and serve as the primary service provider, it is also strategically diversifying into emergi
What is the price band of Lakshya Powertech Limited IPO?
The price band for Lakshya Powertech Limited IPO is 180-180. The IPO has closed.
Full Analysis Available
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