The Akanksha Power and Infrastructure IPO date has been confirmed from December 27, 2023 and closes on December 29, 2023. Read the post to learn about Akanksha Power and Infrastructure IPO GMP.
Akanksha Power and structure inventors IPO is a fixed price issue of Rs27.49 crores. The price band is set at ₹ 52 to ₹ 55 per share. The minimal lot size for an operation is 2000 Shares. The minimal quantum of investment needed by retail investors is ₹ 110,000. The minimal lot size investment for HNI is 2 lots( 4,000 shares) amounting to ₹ 220,000.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of Akanksha Power and Infrastructure IPO:
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 Today is ₹10.
Akanksha Power and Infrastructure IPO Overview
The Akanksha Power and structure IPO is a Rs27.49 crore book- erected allocation. The issue is a fully new issue of49.98 lakh shares. The Akanksha Power and structure original Public Offering( IPO) begins on December 27, 2023 and homestretches on December 29, 2023. The Akanksha Power and structure IPO allotment is anticipated to be completed on Monday, January 1, 2024. The Akanksha Power and structure IPO will be listed on the NSE SME on Wednesday, January 3, 2024. The pricing range for Akanksha Power and structure’s original public immolation( IPO) is set at 52 to 55 rupees per share. A lot size of 2000 shares is needed for an operation. Retail investors must make a minimal commitment of ₹ 100,000.
Military mastermind Services, Hindustan Aeronautics Limited, Coal India Limited, HINDALCO diligence 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 brands Limited, Kutch Coal Limited, Kutch
The company is an ISO 90012015 biddable enterprise. Two manufacturing shops are located at Satpur, Nashik, Maharashtra, India. The company has 62 endless workers and 387 contract workers that were paid on a diurnal base as of June 30, 2023. Odisha generated34.61 of the company’s total income as of June 30, 2023, while Maharashtra, Chhattisgarh, Karnataka, and Gujarat contributed8.77,0.10,3.19, and1.30, independently.
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 IPO 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 structure Limited, innovated in July 2008, manufactures electrical outfit for institutions, diligence and serviceability similar as switchboards, mills and vacuum Contactors. CT- PT, metering units, boxy automatic power correction panels ( capacitor panels), fixed capacitor banks, motor control center (MCC), power control center ( PCC), variable frequency drive (VFD) panels, thyristor switches, and vacuum contractors are among the products offered by the company. Energy operation results and smart energy
metres( Advanced Metering structure) are also available from the company. likewise, the establishment provides engineering and perpetration services for complete electrical systems.
In addition to product and manufacture, the company provides services relating to electricity distribution and operation. The operations of the organisation involve the establishment of electrical structure, which includes power quality testing, point analytics, online pall- grounded multiple monitoring, and data analytics for bettered operation. The company’s thing is to exclude losses at the transmission, distribution, and stoner situations.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Akanksha Power and Infrastructure Limited |
| Phone number | +91 9370345000 |
| Email ID | [email protected] |
| Website | apil.co.in |
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.
Akanksha Power and Infrastructure IPO FAQs
When Akanksha Power and Infrastructure IPO will open?
The Akanksha Power and Infrastructure IPO opens on December 27, 2023 and closes on December 29, 2023.
What is the lot size of Akanksha Power and Infrastructure IPO?
Akanksha Power and Infrastructure IPO lot size is 2000 Shares, and the minimum amount required is ₹110,000.
When is Akanksha Power and Infrastructure IPO listing date?
The Akanksha Power and Infrastructure IPO listing date is not yet announced. The tentative date of Akanksha Power and Infrastructure IPO listing is Wednesday, January 3, 2024.
Leave a Reply