The Akanksha Power and Infrastructure date has been confirmed from December 27, 2023 and closes on December 29, 2023.
Akanksha Power and Infrastructure Developers IPO is a fixed price issue of Rs 27.49 crores. The price band is set at ₹52 to ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000.
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Bidding Dates
December 27-29
Price Range
₹52 to ₹55 per share
Face Value
₹10 per share
GMP
₹10
Akanksha Power and Infrastructure IPO GMP
The Akanksha Power and Infrastructure IPO GMP is ₹10.
IPO Overview
The Akanksha Power and Infrastructure IPO is a Rs 27.49 crore book-built issuance. The issue is a completely new issue of 49.98 lakh shares. The Akanksha Power and Infrastructure Initial Public Offering (IPO) begins on December 27, 2023 and finishes on December 29, 2023. The Akanksha Power and Infrastructure IPO allotment is expected to be completed on Monday, January 1, 2024. The Akanksha Power and Infrastructure IPO will be listed on the NSE SME on Wednesday, January 3, 2024. The pricing range for Akanksha Power and Infrastructure’s initial public offering (IPO) is set at 52 to 55 rupees per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of ₹100,000.
Military Engineer Services, Hindustan Aeronautics Limited, Coal India Limited, HINDALCO Industries Limited, Indian Oil Corporation Limited, Ordnance Factory Board, Larson & Toubro Limited, NALCO, ABB India Private Limited, Hitachi Energy India Limited, TPCODL (Tata Power Group), Jindal Stainless Limited, National Mineral Development Corporation Limited, Steel Authority of India Limited, Thyssenkrupp Electrical Steels Limited, Kutch Coal Limited, Kutch
The company is an ISO 9001:2015 compliant enterprise. Two manufacturing plants are located at Satpur, Nashik, Maharashtra, India. The company has 62 permanent employees and 387 contract employees that were paid on a daily basis as of June 30, 2023. Odisha generated 34.61% of the company’s total income as of June 30, 2023, while Maharashtra, Chhattisgarh, Karnataka, and Gujarat contributed 8.77%, 0.10%, 3.19%, and 1.30%, respectively.
Akanksha Power and Infrastructure IPO Details
| IPO Date | December 27, 2023 to December 29, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,998,000 shares (aggregating up to ₹27.49 Cr) |
| Fresh Issue | 4,998,000 shares (aggregating up to ₹27.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,260,200 |
| Share holding post issue | 16,258,200 |
| Market Maker portion | 260,000 shares |
Akanksha Power and Infrastructure Limited Financial Information
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,530.82 | 4,762.65 | 3,838.92 | 3,781.19 |
| Revenue | 1,027.27 | 4,644.03 | 5,206.50 | 7,441.05 |
| Profit After Tax | 71.06 | 290.50 | 240.92 | 392.12 |
| Net Worth | 2,074.75 | 1,595.94 | 1,305.42 | 1,064.50 |
| Reserves and Surplus | 722.70 | 1,414.44 | 1,123.92 | 883.00 |
| Total Borrowing | 1,722.62 | 1,527.68 | 1,055.03 | 891.47 |
Akanksha Power and Infrastructure IPO Timeline
| IPO Open Date | Wednesday, December 27, 2023 |
| IPO Close Date | Friday, December 29, 2023 |
| Basis of Allotment | Monday, January 1, 2024 |
| Initiation of Refunds | Tuesday, January 2, 2024 |
| Credit of Shares to Demat | Tuesday, January 2, 2024 |
| Listing Date | Wednesday, January 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 29, 2023 |
Company Profile
Akanksha Power and Infrastructure Limited, founded in July 2008, manufactures electrical equipment for institutions, industries and utilities such as switchboards, transformers and vacuum contactors. CT-PT, metering units, cubic automatic power correction panels (capacitor panels), fixed capacitor banks, motor control centre (MCC), power control centre (PCC), variable frequency drive (VFD) panels, thyristor switches, and vacuum contactors are among the products offered by the company. Energy management solutions and smart energy
metres (Advanced Metering Infrastructure) are also available from the company. Furthermore, the firm provides engineering and implementation services for complete electrical projects.
In addition to production and manufacture, the company provides services relating to electricity distribution and management. The operations of the organisation involve the establishment of electrical infrastructure, which includes power quality testing, site analytics, online cloud-based multiple monitoring, and data analytics for improved management. The company’s goal is to eliminate losses at the transmission, distribution, and user levels.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | akanksha.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Akanksha Power and Infrastructure Limited |
| Phone number | +91 9370345000 |
| Email ID | bdm@apil.co.in |
| Website | apil.co.in |
IPO Strenghts
- 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.
