Akanksha Power & Infrastructure Ltd
Price Range
₹52 - ₹55
Min. Quantity
2,000
Closes on
29 December 2023
Min. investment
₹1,10,000/2,000 Shares
Akanksha Power & Infrastructure Ltd IPO Timeline
Akanksha Power & Infrastructure Limited was originally incorporated in the name of 'Akanksha Power and Infrastructure Private Limited' dated July 01, 2008 issued by the Registrar of Companies, Mumbai. The Company was converted into Public Limited Company and the name of Company was changed to 'Akanksha Power and Infrastructure Limited' with a fresh Certificate of Incorporation dated April
| Event | Date |
|---|---|
| Akanksha Power & Infrastructure Ltd IPO Opening Date | 27 December 2023 |
| Akanksha Power & Infrastructure Ltd IPO Closing Date | 29 December 2023 |
| Basis of Allotment | 1 January 2024 |
| Initiation of Refunds | 2 January 2024 |
| Credit of Shares to Demat | 2 January 2024 |
| Akanksha Power & Infrastructure Ltd IPO Listing Date | 3 January 2024 |
Akanksha Power & Infrastructure Ltd IPO Details
| Akanksha Power & Infrastructure Ltd IPO Date | 27 December 2023 to 29 December 2023 |
| Akanksha Power & Infrastructure Ltd IPO Face Value | ₹10 per share |
| Akanksha Power & Infrastructure Ltd IPO Price | ₹52 to ₹55 per share |
| Akanksha Power & Infrastructure Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹27.49 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹27.49 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Bipin Bihari Das Mohapatra, Chaitali Bipin Dasmohapatra |
Akanksha Power & Infrastructure Ltd IPO Lot Size
The Akanksha Power & Infrastructure Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,10,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,10,000 |
| Maximum | 1 | 2,000 | ₹1,10,000 |
- Strengths
- Risks
- Opportunities
- Good track record.
- Government support to power sector and electric equipment industry.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with its consumers.
- Quality assurance and control.
Company Financials
Akanksha Power & Infrastructure Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 76.87 | 54.18 | 2.66 |
| 03-2023 | 47.63 | 46.44 | 2.84 |
| 03-2022 | 38.39 | 52.06 | 2.41 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital expenditure
- Working capital requirement
- General corporate purposes
Akanksha Power & Infrastructure Ltd IPO Promoter Holding
| Pre Issue Share Holding | 45.82% |
| Post Issue Share Holding | 33.45% |
Akanksha Power & Infrastructure Ltd IPO Subscription Status (Bidding Detail)
The Akanksha Power & Infrastructure Ltd IPO is subscribed 78.0248 times on 29 December 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 78.0248 |
Akanksha Power & Infrastructure Ltd IPO Prospectus
Akanksha Power & Infrastructure Ltd IPO Listing Date
| Listing Date | 3 January 2024 |
| BSE Script | 91661 |
| NSE Symbol | AKANKSHA |
| Listing In | NSE - SME |
| ISIN | INE0PCY01014 |
| IPO Price | ₹55 |
| Face Value | ₹10 |
Company Contact Information
Plot #. 87/4 MIDCSatpur,Nashik-422007
Phone: +91 9370345000
Email: bdm@apil.co.in
Website: https://apil.co.in
Akanksha Power & Infrastructure Ltd IPO Registrar
Akanksha Power & Infrastructure Ltd IPO Lead Manager(s)
- Narnolia Financial Services Ltd
FAQ
What is the issue size of Akanksha Power & Infrastructure Ltd IPO?
I have pre-applied for Akanksha Power & Infrastructure Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.