Akanksha Power & Infrastructure Ltd

Capital Goods - Electrical Equipment

Offer Period :

27th to 12th Dec 2023

Founded in 2008, Akanksha Power and Infrastructure manufactures electrical equipment, provides turnkey projects, and offers energy management systems. Operating from Nashik, Maharashtra, it serves clients like Tata Power and Hindalco. Read more... As of June 30, 2023, Odisha contributes 34.61% to total revenue, employing 62 permanent and 387 contract employees.Read less

Akanksha Power & Infrastructure Ltd IPO Details

IPO Date 27th to 12th Dec 2023 Minimum Investment ₹110000 / 1 Lots
Listing Date 2024-01-03 Maximum Investment ₹110000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹27.49 Crores
Price ₹55 to ₹55 per share Fresh Issue ₹27.49 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 27th to 12th Dec 2023
Listing Date 2024-01-03
Face Value ₹10 per share
Price ₹55 to ₹55 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹110000 / 1 Lots
Maximum Investment ₹110000 / 1 Lots
Total Issue Size ₹27.49 Crores
Fresh Issue ₹27.49 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

27th Dec

IPO Starts

29th Dec

IPO Ends

1st Jan

Allotment Date

2nd Jan

Initiation of Refund

2nd Jan

Credit of Shares to Demat Account

3rd Jan

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 77.4 56.51
Public Group 22.6 43.49

Akanksha Power & Infrastructure Ltd IPO Reservation

QIB Shares Offered 948000(18.97%)
NII (HNI) Shares Offered 712000(14.25%)
Retail Shares Offered 1660000(33.21%)
Anchor Investor Shares Offered 1418000(28.37%)
Total Shares Offered 4998000
Total Shares With Anchor Investor 4998000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Akanksha Power & Infrastructure Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 8108114949;
Email Id akanksha.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Akanksha Power & Infrastructure Ltd IPO Lead Manager

1. Narnolia Financial Services Ltd

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Akanksha Power & Infrastructure Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Akanksha Power & Infrastructure Ltd

1. Good track record.

2. Government support to power sector and electric equipment industry.

3. Experienced management team and a motivated and efficient work force.

4. Cordial relations with its consumers.

5. Quality assurance and control.

Risks Involved

1. The present promoters of the Company are first generation entrepreneur.

2. The Company is involved in certain legal proceedings/litigations. Any adverse decision in such proceedings may render it/them liable to penalties and may adversely affect its business and result of operations.

3. The company does not own its factory premises situated at F-97, MIDC, Satpur, Nashik- 422007, Maharashtra, India.

4. The company does not have long term contracts with its suppliers and therefore, there may be potential unavailability of raw materials in future, which may adversely affect its business operations.

5. The restated financials of the Company show a downward trend of revenue during the last financial year and stub period. If these trends continue, its business operations and financial condition may be adversely affected.

6. The Company operation and growth is dependent upon successfully implementation its business strategies.

7. The Company has negative cash flows from its operating, investing activities and financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact its growth and business.

8. The company has obtained some of its contracts through government tenders, unavailability or any failure to secure these tenders in the future may adversely affect its business operations and financial conditions.

9. If the company is experience delays and/or defaults in client payments, its may be unable to recover all expenditures.

10. Its business operations are subject to various operating risks at the company sites, accidental risk, the occurrence of which can affect its results of operations and consequently, financial condition of the Company.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Akanksha Power & Infrastructure Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-01-03 91661 AKANKSHA
INE0PCY01014
₹55 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹55 ₹55
Open ₹0 ₹62
Low ₹0 ₹62
High ₹0 ₹65.1
Low ₹0 ₹62

Frequently Asked Questions

What is Akanksha Power & Infrastructure Ltd IPO?

Answer Field

Akanksha Power & Infrastructure Ltd IPO is a SME IPO of 49,98,000 equity shares of a face value of ₹10 aggregating up to ₹27.49 Crores. The issue is priced at ₹55 to ₹55 per share. The minimum order quantity is 2000 Shares. The IPO opens on December 27, 2023, and closes on December 29, 2023. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Akanksha Power & Infrastructure Ltd IPO will open?

Answer Field

The Akanksha Power & Infrastructure Ltd IPO opens on December 27, 2023 and closes on December 29, 2023.

What is the lot size of Akanksha Power & Infrastructure Ltd?

Answer Field

Akanksha Power & Infrastructure Ltd lot size is 2000 shares, and the minimum amount required is ₹1,10,000.

How to apply for Akanksha Power & Infrastructure Ltd IPO?

Answer Field

You can apply in Akanksha Power & Infrastructure Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Akanksha Power & Infrastructure Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Akanksha Power & Infrastructure Ltd IPO will be done on January 01, 2024, and the allotted shares will be credited to your demat account by January 02, 2024.

When is Akanksha Power & Infrastructure Ltd IPO listing date?

Answer Field

The Akanksha Power & Infrastructure Ltd listing date is January 03, 2024.

Who is the registrar of Akanksha Power & Infrastructure Ltd IPO?

Answer Field

The registrar of Akanksha Power & Infrastructure Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Narnolia Financial Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Akanksha Power & Infrastructure Ltd IPO?

Answer Field

The fresh issue size is ₹27.49 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Akanksha Power & Infrastructure Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,10,000 amount.

How can I approve the UPI mandate request for Akanksha Power & Infrastructure Ltd IPO?

Answer Field

To apply for Akanksha Power & Infrastructure Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Akanksha Power & Infrastructure Ltd?

Answer Field

The price of each Akanksha Power & Infrastructure Ltd share will be ranging in between ₹55 to ₹55 per share.

What is the cut-off time for the UPI mandate for Akanksha Power & Infrastructure Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 29, 2023.

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