Mon Oct 21 05:18:57 UTC 2024: **Summary of Lakshya Powertech IPO News (October 2024)**

– **IPO Details:**
– Opens for subscription: October 16, 2024
– Closes: October 18, 2024
– Price band: ₹171 to ₹180 per share (face value of ₹10)

– **Subscription Performance:**
– Subscribed over **573.36 times** by the end of the subscription period on October 18, 2024.
– The Grey Market Premium (GMP) was ₹160, indicating a potential trading price of ₹340, above the upper issue price.

– **Company Background:**
– **Incorporated in**: 2012, Gujarat, Dadra, and Nagar Haveli.
– Operations: Engineering consultancy and contracting, focusing on Mechanical and Electrical services.
– Key sectors: Oil, Gas, Power, Renewable Energy, and Industrial.

– **Financial Performance:**
– Revenue in 2024: ₹149.42 crores, compared to ₹53.11 crores in 2023.
– Profit in 2024: ₹15.68 crores, up from ₹2.71 crores in 2023.
– Successfully completed **138 major projects**, the largest valued at ₹13690.68 Lakhs.

– **Additional Information:**
– The article provides various resources for IPO updates, including links to social media and a YouTube channel for more in-depth analysis.

Overall, Lakshya Powertech’s IPO has generated significant interest and demand in the market, reflecting strong growth in the company’s financials and project execution capabilities.

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