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Akanksha Power & Infrastructure Ltd.

Akanksha Power & Infrastructure Ltd.

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹55
₹55
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹55
Based on GMP
Min. Investment
₹110,000
1 lot × 2000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
27 Dec 2023
Close Date
29 Dec 2023
Allotment
01 Jan 2024
Listing Date
03 Jan 2024
Exchange
NSE SME
Price Band
₹55
Listing Price
See chart
Allotment Status
Price Band
₹55
Per share
Face Value
₹10 per share
 
Lot Size
2,000 Shares
per lot
Issue Size
49,98,000 shares (aggregating up to ₹27.49 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹110,000
1 lot
Pre-IPO Holding
1,35,20,520 shares
Promoters
Post-IPO Holding
1,62,58,200 shares
Promoters
P/E (Pre)
24.02x
 
P/E (Post)
35.72x
 
EPS (Pre)
₹2.29
 
UPI Deadline
2023-12-29
Mandate
Anchor AllotmentTue, 26 Dec 2023
Basis of AllotmentMon, 01 Jan 2024
Refund InitiationTue, 02 Jan 2024
Demat CreditTue, 02 Jan 2024
Listing DayWed, 03 Jan 2024
UPI Mandate Deadline2023-12-29
Sale TypeFresh Capital
Net Offer to Public47,38,000 shares (aggregating up to ₹26.06 Cr)
Market Maker Quota2,60,000 shares (aggregating up to ₹1.43 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Akanksha Power & Infrastructure Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Dec 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
260,000
₹1.43
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
4,998,000
100% ₹27.49
IPO Shares Offered
Akanksha Power & Infrastructure Ltd. IPO total issue size: ₹27.49 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 260,000 ₹1.43
5.20%
Total 4,998,000 ₹27.49
100.00%
* Based on upper price band ₹55 per share
Lot Size & Investment
Lot Size
2,000
Shares per Lot
Issue Price
₹55.00
Upper Band
Min Investment
₹110,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)24,000₹220,000
Retail (Max — 13 Lots)1326,000₹1,430,000
S-HNI (Min — 14 Lots)1428,000₹1,540,000
B-HNI (Min — 68 Lots)68136,000₹7,480,000
* Issue Price ₹55 × Lot Size 2,000 shares
IPO Schedule
Anchor
26 Dec 2023
✓ Done
IPO Open
27 Dec 2023
✓ Done
IPO Close
29 Dec 2023
✓ Done
Allotment
01 Jan 2024
✓ Done
Refunds
02 Jan 2024
✓ Done
Demat Credit
02 Jan 2024
✓ Done
Listing Day
03 Jan 2024
✓ Done
Akanksha Power & Infrastructure Ltd. — Live Price LIVE
₹55.00
INR · NSE
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Issue ₹55.00 Live Price
About Akanksha Power & Infrastructure Ltd.
Founded in July 2008, Akanksha Power and Infrastructure Limited manufactures electrical equipment such as switchboards, transformers and vacuum contactors for institutions, industries and utilities.The company's product portfolio includes manufacturing and supply of 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. The company also offers energy management systems and smart energy metres (Advanced Metering Infrastructure). In addition, the company offers engineering and implementation services for turnkey electrical projects.In addition to production and manufacturing, the company also offers services related to the distribution and management of electricity. The company's operations include setting up electrical infrastructure that includes power quality testing, site analytics, online cloud-based multiple monitoring and data analytics for better management. The company aims to reduce losses in transmission, distribution and at the user level.The company's customer base includes 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 Copper Limited (Adani Group) and TPNODL (Tata Power Northern Odissa Distribution Limited).The company is certified as an ISO 9001:2015 compliant organisationThe company has two manufacturing facilities in Satpur, Nashik, Maharashtra, India.As of June 30, 2023, the company has 62 permanent employees and 387 contract employees who are paid on a daily basis.As of June 30, 2023, Odisha contributed 34.61% to the company's total revenue, while Maharashtra, Chhattisgarh, Karnataka and Gujrat contributed 8.77%, 0.10%, 3.19% and 1.30%, respectively.
Objects of the Issue
1
To meet out the Capital Expenditure Requirement of Company;
2
To meet out the Working Capital requirements of the Company;
3
To meet out the General Corporate Purposes; and
4
To meet out the Issue Expenses.
Akanksha Power & Infrastructure Ltd. Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹5,206.5
31 Mar 2022
₹4,644.0
31 Mar 2023
₹1,027.3
30 Jun 2023
Profit After Tax (PAT)
₹240.9
31 Mar 2022
₹290.5
31 Mar 2023
₹71.1
30 Jun 2023
Particulars30 Jun 202331 Mar 202331 Mar 2022
Revenue from Operations 1027.27 4644.03 5206.50
EBITDA N/A N/A N/A
Profit After Tax (PAT) 71.06 290.50 240.92
Net Worth 2074.75 1595.94 1305.42
Total Assets 5530.82 4762.65 3838.92
Reserves & Surplus 722.70 1414.44 1123.92
Borrowings 1722.62 1527.68 1055.03
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoE
18.20%
RoCE
22.75%
RoNW
18.20%
Debt/Equity
0.96
Issue Structure & Shareholding
Total Shares Offered49,98,000 (100.00%)
Net Offer to Public47,38,000 shares (aggregating up to ₹26.06 Cr)
Reserved for Market Maker2,60,000 shares (aggregating up to ₹1.43 Cr)
Pre-Issue Promoter Holding1,35,20,520 shares
Post-Issue Promoter Holding1,62,58,200 shares
P/BV RatioN/A
RoE18.20%
RoCE22.75%
Debt / Equity0.96
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Narnolia Financial Services Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Akanksha Power & Infrastructure Ltd. IPO subscribed?

Akanksha Power & Infrastructure Ltd. IPO is subscribed 1.00 times by Dec 29, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Akanksha Power & Infrastructure Ltd. IPO retail subscription status?

The Akanksha Power & Infrastructure Ltd. IPO retail category is subscribed 1.00 times as of 29 Dec 2023. The retail portion is oversubscribed.

How to subscribe Akanksha Power & Infrastructure Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 27 Dec 2023 and closes 29 Dec 2023. Min investment: ₹110,000 (1 lot = 2,000 shares). UPI mandate: 2023-12-29.

How many times Akanksha Power & Infrastructure Ltd. IPO subscribed?

The Akanksha Power & Infrastructure Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Akanksha Power & Infrastructure Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Jan 2024. Refunds: on 02 Jan 2024.

When Akanksha Power & Infrastructure Ltd. IPO will be listed?

The Akanksha Power & Infrastructure Ltd. IPO listing date is 03 Jan 2024, Wednesday. Listed on: NSE SME. Issue price: ₹55. Estimated listing: ₹55. GMP: NIL.

When Akanksha Power & Infrastructure Ltd. IPO close?

The Akanksha Power & Infrastructure Ltd. IPO closes on 29 Dec 2023, Friday. UPI mandate: 2023-12-29. Allotment: 01 Jan 2024. Listing: 03 Jan 2024.