Akanksha Power and Infrastructure Limited IPO
- IPO Date27 Dec, 2023 to 29 Dec, 2023
- Listing Date03 Jan, 2024
- Face Value₹10 per share
- Issue Price₹52 to ₹55 per share
- Lot Size2000 Shares
- Minimum Investment₹1,10,000
- Listing AtNSE SME
- Total Issue Size49,98,000 Shares
(aggregating up to ₹27.49 Cr) - Fresh Issue49,98,000 Shares
(aggregating up to ₹27.49 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,12,60,200
- Shareholding post issue1,62,58,200
IPO Dates
Closing Date
29 Dec, 2023
Initiation of Refunds
02 Jan, 2024
Listing Date
03 Jan, 2024
27 Dec, 2023
Opening Date
01 Jan, 2024
Basis of Allotment
02 Jan, 2024
Credit of Shares
Akanksha Power and Infrastructure Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| HNI (Min) | 2 | 4000 | ₹2,20,000 |
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
Akanksha Power and Infrastructure Limited Promoter Holding
The promoter of the Company is Mr Bipin Bihari Das Mohapatra and Ms Chaitali Bipin Dasmohapatra.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 83.28% | 60.81% |
Key Performance Indicator
Akanksha Power and Infrastructure IPO Market Cap is Rs 101.85 Cr and P/E (x) is 24.02.
| KPI | Values |
|---|---|
| ROE | 18.2% |
| ROCE | 22.75% |
| RoNW | 18.2% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 24.02 | 2.29 |
| P/E (x) | 24.02 | 2.29 |
Akanksha Power and Infrastructure Limited COMPANY INFORMATION
Akanksha Power and Infrastructure IPO is a book built issue of Rs 27.49 crores. The issue is entirely a fresh issue of 49.98 lakh shares. Akanksha Power and Infrastructure IPO bidding started from December 27, 2023 and ended on December 29, 2023. The allotment for the Akanksha Power and Infrastructure IPO is expected to be finalized on Monday, January 1, 2024. Akanksha Power and Infrastructure IPO will list on NSE SME with tentative listing date fixed as Wednesday, January 3, 2024. Akanksha Power and Infrastructure IPO 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. Narnolia Financial Services Ltd is the book running lead manager of the Akanksha Power and Infrastructure IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Akanksha Power and Infrastructure IPO are Nikunj Stock Brokers and Ss Corporate Securities. Refer to Akanksha Power and Infrastructure IPO RHP for detailed information.
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 organisation
The 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.
FAQs About Akanksha Power And Infrastructure Limited Ipo
Akanksha Power and Infrastructure Limited IPO will open on 27 Dec, 2023 and close on 29 Dec, 2023. Investors must apply within this period to participate.
The Akanksha Power and Infrastructure Limited IPO price band is set between ₹52.00 and ₹55.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹110000.00.
The Akanksha Power and Infrastructure Limited IPO shares are expected to be listed on 03 Jan, 2024, subject to regulatory approvals and final allotment.
You can track your Akanksha Power and Infrastructure Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Akanksha Power and Infrastructure Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.