Akanksha Power and Infrastructure IPO Details: The scheduled date for Akanksha Power and Infrastructure IPO has been confirmed. The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹22.48 crores through this IPO. This sum includes a fresh issue of ₹22.48 crores via 4995000 shares, each valued at ₹10. The retail quota is 35%, QIB is 50% and HNI is 15%.
What is Akanksha Power and Infrastructure IPO?
Akanksha Power and Infrastructure IPO is an initial public offering (IPO) of shares of Akanksha Power and Infrastructure Private Limited, an Indian company that manufactures electrical panels and current and voltage transformers, and executes turnkey projects for installation and commissioning of substations and tower lines, distribution lines, lighting infrastructure and capacitor banks.
The IPO opened on September 29, 2023 and closed on October 4, 2023. The issue price was ₹51.00 per share and the total issue size was ₹22.48 crore. The IPO was oversubscribed by 1.2 times.
The proceeds from the IPO will be used to fund the company’s expansion plans, including setting up a new manufacturing plant and increasing its working capital.
Akanksha Power and Infrastructure is a relatively small company, but it has a good track record of profitability and growth. The company’s revenue has grown at a CAGR of 25% over the past five years. The company is also profitable, with a net profit margin of 10% in FY23.
The IPO of Akanksha Power and Infrastructure is a good opportunity for investors to invest in a growing company in the power and infrastructure sector. However, investors should note that the company is relatively small and its stock may be more volatile than larger stocks.
Objectives of Akanksha Power and Infrastructure IPO
The objectives of the Akanksha Power and Infrastructure IPO are:
- To meet the Working Capital requirements of the Company.
- To meet the General Corporate Purposes.
- To meet the Issue Expenses.
Working Capital is the amount of money that a company needs to finance its day-to-day operations, such as inventory, accounts receivable, and accounts payable. General Corporate Purposes can include a variety of things, such as funding new projects, expanding into new markets, or repaying debt. Issue Expenses are the costs associated with issuing the IPO, such as underwriting fees and legal fees.
Akanksha Power and Infrastructure IPO Date & Price Band Details
| IPO Open: | September 29, 2023 |
| IPO Close: | October 4, 2023 |
| IPO Size: | Approx ₹22.48 Crores, 4,995,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹40 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Akanksha Power and Infrastructure IPO Market Lot
The Akanksha Power and Infrastructure IPO minimum market lot is 3000 shares with a ₹135,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹135,000 |
| Retail Maximum | 1 | 3000 | ₹135,000 |
| S-HNI Minimum | 2 | 6000 | ₹270,000 |
Akanksha Power and Infrastructure IPO Dates
The Akanksha Power and Infrastructure IPO date is September 29 and the IPO close date is October 4. The IPO allotment date is October 9 and the IPO might list on October 12.
| IPO Open Date: | September 29, 2023 |
| IPO Close Date: | October 4, 2023 |
| Basis of Allotment: | October 9, 2023 |
| Refunds: | October 10, 2023 |
| Credit to Demat Account: | October 11, 2023 |
| IPO Listing Date: | October 12, 2023 |
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Akanksha Power and Infrastructure IPO Subscription Status
For the latest update on the Akanksha Power and Infrastructure IPO, you can check this dedicated page for IPO subscription status.
Akanksha Power and Infrastructure IPO Allotment Status
For the latest update on the Akanksha Power and Infrastructure IPO, you can check this dedicated page for IPO allotment status.
Akanksha Power and Infrastructure IPO Forms
For IPO form for the Akanksha Power and Infrastructure IPO, you can check this dedicated page for IPO Forms.
Akanksha Power Company Financials
The following are the key financial highlights of Akanksha Power and Infrastructure Private Limited, as per its Draft Red Herring Prospectus (DRHP) filed with SEBI:
| Financial Year | Revenue (₹ crore) | Net Profit (₹ crore) |
|---|---|---|
| 2020-21 | 89.04 | 8.90 |
| 2021-22 | 111.28 | 11.13 |
| 2022-23 | 135.14 | 13.51 |
The company has shown consistent growth in revenue and net profit over the past three years. Its revenue has grown at a CAGR of 25% over the same period. The company is also profitable, with a net profit margin of 10% in FY23.
The company’s assets have also grown steadily over the past three years, from ₹89.04 crore in FY21 to ₹135.14 crore in FY23. Its liabilities have also increased, but at a slower pace than its assets. As a result, the company’s net worth has increased from ₹55.72 crore in FY21 to ₹80.20 crore in FY23.
The company’s financial ratios are also healthy. Its debt-to-equity ratio is 0.37 and its current ratio is 1.80. This indicates that the company is in a healthy financial position and has a good mix of debt and equity.
Overall, the financial performance of Akanksha Power and Infrastructure is good. The company has shown consistent growth in revenue and net profit, and it has a healthy financial position.
| Pros | Cons |
|---|---|
| The company has a good track record of profitability and growth. | The company is relatively small and its stock may be more volatile than larger stocks. |
| The company is operating in a growing sector, i.e. power and infrastructure. | The company has a small customer base, which makes it vulnerable to customer concentration risk. |
| The company has a strong management team with experience in the industry. | The company has a limited product portfolio, which makes it vulnerable to competition and changes in market trends. |
Overall, the IPO of Akanksha Power and Infrastructure is a good opportunity for investors to invest in a growing company in the power and infrastructure sector. However, investors should note that the company is relatively small and its stock may be more volatile than larger stocks.
Company Promoters
- Mr. Bipin Bihari Das Mohapatra
- Ms. Chaitali Bipin Dasmohapatra
Akanksha IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: akanksha.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Company Address
Akanksha Power and Infrastructure Limited
Plot No. 87/4, MIDC,
Satpur
Nashik- 422007
Phone: +91 9370345000
Email: bdm@apil.co.in
Website: https://apipl.co.in/
Akanksha Power and Infrastructure IPO FAQs
The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹22.48 crores through this IPO. This sum includes a fresh issue of ₹22.48 crores via 4995000 shares, each valued at ₹10.
The IPO will open on 29th September 2023.
The retail quota is 35%, QIB is 50% and HNI is 15%.
You can apply for the Akanksha Power and Infrastructure IPO through the following methods:
Application Supported by Blocked Amount (ASBA): This is the most convenient and recommended way to apply for an IPO. You can apply for ASBA through your bank account or through your stockbroker.
Offline Application: You can also apply for the IPO offline by filling up the application form and submitting it to your stockbroker.
Here are the steps to apply for the Akanksha Power and Infrastructure IPO through ASBA:
Log in to your bank account and navigate to the IPO section.
Select the Akanksha Power and Infrastructure IPO and enter the number of shares you want to apply for.
Enter your bank account details and confirm the transaction.
Here are the steps to apply for the Akanksha Power and Infrastructure IPO offline:
Download the IPO application form from the website of your stockbroker.
Fill up the application form and sign it.
Submit the application form to your stockbroker along with a cheque for the application amount.
Please note: The minimum application lot size for the Akanksha Power and Infrastructure IPO is 3000 shares.
Akanksha Power and Infrastructure IPO size is ₹22.48 crores.
Akanksha Power and Infrastructure IPO Price Band is ₹40 to ₹45 per equity share.
Akanksha Power and Infrastructure IPO allotment date is October 9, 2023.