Lakshya Powertech Ltd. has announced public offering of 2772800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 170.00 per share. The gross proceeds of the issue are expected to be Rs 4,991.04 lakhs.

The company's initial public offer (IPO) will open on 16 October 2024 and is expected to close on 18 October 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 171.00-180.00 per share.

The IPO includes a fresh Issue of 2772800 Equity Shares of the Company at an price of Rs 180.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.

Lakshya Powertech Ltd. anticipates using the proceeds of the issue for .

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & KFin Technologies Ltd. is the registrar, to the issue.