Lakshya Powertech Shares Skyrocket 90% on NSE SME Debut at ₹342, Read More!Lakshya Powertech Shares Skyrocket 90% on NSE SME Debut at ₹342, Read More!

Lakshya Powertech Limited shares made an impressive debut on the NSE SME today, opening at ₹342, a 90% premium over the issue price of ₹180. This strong start reflects significant investor enthusiasm and confidence in the company’s growth potential right from the listing.

Lakshya Powertech Limited IPO captured significant investor interest, attaining an impressive 533.89x subscription on Day 3. This surge demonstrates strong confidence and a positive market outlook for the power generation sector, especially in operations and maintenance services.

Founded in 2012 as an engineering consultancy specialising in mechanical and electrical services, the company quickly expanded into Operations and Maintenance (O&M) for Gas Power Generation. With strategic diversification into Power Generation and Oil and Gas projects, it further enhanced its global presence through an EPC contract in Renewables in Malaysia and O&M of Oil and Gas facilities.

Lakshya Powertech plans to allocate ₹4.50 crore to repay borrowings, ₹30 crore for working capital needs, and the remaining funds for general corporate purposes like operating expenses and project development.