Akanksha Power And Infrastructure IPO Complete Details: The book-built IPO for Akanksha Power and Infrastructure is worth Rs 22.48 crores. The entire 49.95 lakh share offering is a new issuance. The pricing range for the Akanksha Power and Infrastructure Initial Public Offering is 40 to 45 rupees per share. 3000 Shares are the bare minimum lot size for an application. Retail investors are required to make investments of at least 135,000. For HNI, two lots (6,000 shares), or a minimum investment of Rs. 270,000, are the required minimum lot size.
The subscription period for Akanksha Power and Infrastructure IPO begins on September 29, 2023, and ends on October 4, 2023. On Monday, October 9, 2023, the Akanksha Power and Infrastructure IPO’s allotment is anticipated to be completed. The proposed listing date for the Akanksha Power and Infrastructure IPO on the NSE SME is set for Thursday, October 12, 2023.
The Akanksha Power and Infrastructure IPO’s registrar is Link Intime India Private Ltd, and the book running lead manager is Narnolia Financial Services Ltd.
Akanksha Power And Infrastructure IPO Overview
| Akanksha Power And Infrastructure Limited Company Overview | |
|---|---|
| Company Name | Akanksha Power And Infrastructure Limited |
| IPO Opening Date | 29 September, 2023 |
| IPO Closing Date | 04 October, 2023 |
| Face Value | 10₹ Per Share |
| Share Price Range | 40₹ To 45₹ |
| Lot Size | 3000 Shares |
| GMP | Check Here |
| Issue Type | Book Built Issue IPO |
| Total IPO Issue Size | 4,995,000 Shares |
| Fresh Issue Size | 4,995,000 Shares |
| IPO Listing At | NSE SME |
| Share Holding Pre Issue | 13,520,520 |
| Share Holding Post Issue | 18,515,520 |
| More IPO’s | Check Here |
Akanksha Power And Infrastructure IPO Lot Size
| Akanksha Power And Infrastructure Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 01 Lot |
| Maximum Retail Applications | 01 Lot |
| Minimum HNI Applications | 02 Lots |
| Total Shares In Single Lot | 3000 Shares |
| Amount For Single Lot | ₹135,000 |
Akanksha Power And Infrastructure IPO Time Table (Tentative)
| Akanksha Power And Infrastructure Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 29 September, 2023 |
| IPO Ending Date | 04 October, 2023 |
| Basis Of Allotment | 09 October, 2023 |
| Initiation Of Refund | 10 October, 2023 |
| Shares Credit To Demat Account | 11 October, 2023 |
| Date Of Listing | 12 October, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 05:00 PM, 04 October, 2023 |
Akanksha Power And Infrastructure IPO Reservation Details
| Akanksha Power And Infrastructure Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | Not Less Than 35% Of Net Offer |
| Shares Offered To HNI | Not Less Than 15% Of Net Offer |
| Shares Offered To QIB | Not More Than 50% Of Net Offer |
Akanksha Power And Infrastructure Company Financials
| Akanksha Power And Infrastructure Limited Company Financials Information | |
|---|---|
| This Data Is Of | 31 March, 2023 |
| Total Revenue | 3,679.20 Lakh |
| Assets | 4,320.69 Lakh |
| Profit After Tax | 145.75 Lakh |
| Net Worth | 1,410.51 Lakh |
| Reserves And Surplus | 1,269.60 Lakh |
| Debt | 1,477.63 Lakh |
Akanksha Power And Infrastructure Promoters Holding
| Share Holding Pre Issue | 83.28% |
| Share Holding Post Issue | 60.81% |
Akanksha Power And Infrastructure Key Performance Indicators
| Akanksha Power And Infrastructure Limited Key Performance Indicators | |
|---|---|
| KPI | Values |
| P/E (X) | 19.68 |
| EPS | 2.29 |
| ROE | 18.20% |
| ROCE | 22.75% |
| RoNW | 18.20% |
What Is The Future Of Akanksha Power And Infrastructure Stock?
Akanksha Power and Infrastructure Limited, a 2008 incorporation, offers dependable and sustainable power solutions. In the beginning, from 2008 to 2010, the company traded capacitors that it purchased from EPCOS India Private Limited, now known as TDK Electronics.
As an input-based regional distribution of electricity franchise (DF) in Khaira Electrical Subdivision, Balasore, Odisha, the Company’s primary commercial activity began in 2010. The company set up its manufacturing facilities and began producing APFC Panels in 2013 in order to offer power quality solutions.
Akanksha Power and Infrastructure produces electrical equipment for institutions, businesses, and energy transmission and distribution companies, including electrical panels, instrument transformers, and vacuum contactors.
What Is The Objective Of Akanksha Power And Infrastructure IPO Issue?
Main objective of Akanksha Power And Infrastructure Limited IPO are :-
- To fulfill the company’s capital expenditure requirement.
- To cover the issue’s costs.
- To fulfill the overall corporate objectives.
- To fulfill the company’s need for working capital.
How To Apply For Akanksha Power And Infrastructure Initial Public Offering?
When submitting an online application for Akanksha Power and Infrastructure IPO, you have the choice to pay via UPI or ASBA. You can use the ASBA IPO application by using your bank’s net banking service. UPI IPO apps are provided by brokers who do not offer banking services. On this page, you can get more details on how to apply for an IPO online using Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.