Lakshya Powertech Ltd - IPO

Lakshya Powertech Ltd IPO Details

Initial public offer of upto 28,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Lakshya Powertech Limited (the Company or LPL or Issuer) at an issue price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating up to Rs. [*] crores (Public Issue) out of which [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores is hereinafter referred to as the Net Issue. The public issue and net issue will constitute [*]% and [*]% respectively of the post-issue paid-up equity share capital of the company.The price band and the minimum bid lot will be decided by the company.

Objective of issue

Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company. Funding working capital requirements of the company. General corporate purposes.

Lakshya Powertech Ltd Contact Details

Lakshya Powertech Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - investor@lakshyapowertech.com

Website - www.lakshyapowertech.com