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-2024
18-Oct-2024
₹ 180.00
₹ 0.00
Minimum Application for shares in Nos : 800.0
Further Multiples of : 800.0
(₹)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
₹180.00
Projects
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
Funding working capital requirements of the company