The Aakash Exploration date has been confirmed from April 17, 2018 and ended on April 19, 2018. Read the post to learn about Aakash Exploration IPO GMP.
Aakash Exploration Developers IPO is a fixed price issue of Rs 10.08 crores. The price is ₹56 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹112,000.
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Key Details Of Aakash Exploration IPO:
Bidding Dates
April 17-19
Price Range
₹56 per share
Face Value
₹10 per share
GMP
₹11.00
Aakash Exploration IPO GMP
The Aakash Exploration IPO GMP Today is ₹11.00.
Aakash Exploration IPO Overview
The Aakash Exploration IPO is a fixed-price offering worth Rs 10.08 crores. Bidding for the Aakash Exploration IPO began on April 17, 2018 and closed on April 19, 2018. On Tuesday, April 24, 2018, the allotment for the Aakash Exploration IPO was completed. On April 27, 2018, the shares were listed on the NSE SME. The IPO price for Aakash Exploration is 56 per share.
A lot size of 2000 shares is required for an application. Retail investors are obliged to make a minimum investment of 112,000. Aakash Exploration Services Limited is a national oil and gas field services company with over 250 workers and operations in seven Indian states.
Aakash Exploration IPO Details
| IPO Date | April 17, 2018 to April 19, 2018 |
| Listing Date | April 27, 2018 |
| Face Value | ₹10 per share |
| Price | ₹56 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,800,000 shares (aggregating up to ₹10.08 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 90,000 shares |
Aakash Exploration Company Financials
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 3,382.38 | 3,131.06 | 2,549.24 | 1,393.22 | 1,056.70 | |
| Total Revenue | 3,380.30 | 2,563.31 | 2,345.20 | 1,389.54 | 944.65 | |
| Profit After Tax | 110.02 | 44.32 | 101.44 | 49.38 | 14.40 | |
Aakash Exploration IPO Timeline
| IPO Open Date | Tuesday, April 17, 2018 |
| IPO Close Date | Thursday, April 19, 2018 |
| Basis of Allotment | Tuesday, April 24, 2018 |
| Initiation of Refunds | Wednesday, April 25, 2018 |
| Credit of Shares to Demat | Thursday, April 26, 2018 |
| Listing Date | Friday, April 27, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 19, 2018 |
Company Profile
Aakash Exploration Services Limited, grounded in Gujarat, was innovated in 2007 to give oil painting and gas disquisition services. The company has ISO 9001, 14001, and OHSAS 18001 instruments. It offers Mobile Work Over equipages, Hot oil painting Rotation Units, Air Compressors, Mobile storming Units( Boilers), Mobile Pumping Units, Cranes, Manpower Services, SRP Unit Supply and conservation, and other affiliated services. Aakash Exploration provides oil painting and Gas field Services to M/ S Oil & Natural Gas Corporation Ltd( AGovt. of India Company), Ahmedabad,
Mehsana, and Hazira systems, as well as analogous services to private oil painting field drivers similar as GSPCL, Cairn, Essar, Great Eastern Energy, IOC, Niko, OIL, Price Petroleum, and others.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | [email protected] |
| Website | skylinerta.com |
Contact Details
| Name | Aakash Exploration Services Limited |
| Phone number | +91 79-48006633/ 65423366 |
| Email ID | [email protected] |
| Website | aakashexploration.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Aakash Exploration IPO FAQs
When Aakash Exploration IPO will open?
The Aakash Exploration IPO opens on April 17, 2018 and closes on April 19, 2018.
What is the lot size of Aakash Exploration IPO?
Aakash Exploration IPO lot size is 2000 Shares, and the minimum amount required is ₹112,000.
When is Aakash Exploration IPO allotment?
The finalization of Basis of Allotment for Aakash Exploration IPO will be done on Tuesday, April 24, 2018, and the allotted shares will be credited to your demat account by Thursday, April 26, 2018.
When is Aakash Exploration IPO listing date?
The Aakash Exploration IPO listing date is on April 27, 2018.
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