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SME IPO Status: Listed [27th Dec 2023 to 29th Dec 2023]
Akanksha Power and Infrastructure IPO, a SME IPO of ₹27.49 Cr was launced on 27-12-2023 to 29-12-2023 and the shares got listed on NSE SME on 03-01-2024.
The public issue of Akanksha Power and Infrastructure IPO (AKANKSHA) was offered at ₹55.00 per share and the ipo was listed at ₹62. It has delivered listing gain of 12.73%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 14000 per lot return on listing.
| SME IPO Issue Opening Date: | 27th Dec 2023 |
| SME IPO Issue Closing Date: | 29th Dec 2023 |
| SME IPO Issue Price: | ₹52.00-55.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹27.49 Cr |
| Fresh Issue: | ₹27.49 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 83.28% |
| Promoter Holding Post IPO: | 60.81% |
| Allotment Status: | Allotment Status |
| NSE Code: | AKANKSHA |
Get important updates regarding Akanksha Power and Infrastructure SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Jan 2024 |
| Refunds Initiation* | 2nd Jan 2024 |
| Credit of Shares to Demat* | 2nd Jan 2024 |
| SME IPO Listing Date* | 3rd Jan 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹52.00-55.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹110000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-01-2024 | 55.00 | 10 | 15200 | ₹65 (18.18%) | 3-Jan-2024 9:29 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Akanksha Power and Infrastructure Limited (APIL) was established in 2008 as a manufacturer of electrical equipment, including electrical switchboards, instrument transformers, and vacuum contactors. The company primarily caters to institutional and industrial customers and is actively involved in power transmission and distribution.
The company's core production facilities are strategically placed to ensure optimal output while maintaining a focus on quality and performance. In addition to production and manufacturing, the company provides services related to the distribution and management of electricity. These services include electrical infrastructure construction, power quality testing, site analysis, online monitoring in the cloud, and data analysis. These services are aimed at better management of transmission, distribution, and consumer-level losses.
APIL manages electricity distribution for DISCOMs in addition to its core activities. company is involved in turnkey projects that encompass the supply, installation, erection, commissioning, and maintenance of electrical infrastructure up to 33 KV. The company also manages greenfield LED street lighting and handles the technical operation and maintenance of one of the electrical departments in Odisha.
APIL operates in the business-to-business (B2B) segment and supplies its products to a wide range of customers, including institutional, non-institutional, and corporate clients. Additionally, the company supplies its products to power utilities. APIL primarily deals in the supply of APFC switchboards, instrument transformers, and other electrical equipment under direct contractual arrangements with power utilities and power distribution companies, as well as through project contractors.
| Incorporation | Sector | IPO Issue Size | Website |
| 2008 | Consumer Electronics | ₹27.49 Cr | https://www.apil.co.in/ |
The objects of the Issue are:-
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 948,000 (28.55%) | 712,000 (21.45%) | 1,660,000 (50%) | 3,320,000 | |
| 1 | 27th Dec 2023 19:32 | 7.00x | 1.75x | 3.95x | 4.35x |
| 2 | 28th Dec 2023 19:31 | 7.05x | 16.49x | 27.62x | 19.36x |
| 3 | 29th Dec 2023 19:31 | 38.51x | 238.60x | 110.44x | 117.39x |
Akanksha Power and Infrastructure Limited's revenue decreased by -10.8% and profit after tax (PAT) rose by 20.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,530.82 | 4,762.65 | 3,838.92 | 3,781.19 |
| Revenue | 1,027.27 | 4,644.03 | 5,206.50 | 7,441.05 |
| Profit After Tax | 71.06 | 290.50 | 240.92 | 392.12 |
| Net Worth | 2,074.75 | 1,595.94 | 1,305.42 | 1,064.50 |
| Reserves and Surplus | 722.70 | 1,414.44 | 1,123.92 | 883.00 |
| Total Borrowing | 1,722.62 | 1,527.68 | 1,055.03 | 891.47 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Akanksha Power and Infrastructure Limited | 2.29 | 2.29 | 87.93 | 24.02 | 18.2 | |
| HPL Electric & Power Limited | 4.69 | 4.69 | 123.69 | 18.7 | 3.8 | Standalone |
| Genus Power Infrastructure Limited | 1.26 | 1.26 | 42.61 | 67.22 | 2.95 | Standalone |
| Cospower Engineering Limited | 1.39 | 1.39 | 47.38 | 216.65 | 5.21 | Standalone |
Last Updated on 07-Jan-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Akanksha Power and Infrastructure SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Akanksha Power and Infrastructure SME IPO with Zerodha.
Alternate approch to apply in Akanksha Power and Infrastructure SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Akanksha Power and Infrastructure SME IPO Review and Important Updates
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To subscribe or apply in Akanksha Power and Infrastructure SME IPO, you can use the following methods:
| Akanksha Power and Infrastructure SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Akanksha Power and Infrastructure SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Akanksha Power and Infrastructure SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Akanksha Power and Infrastructure SME IPO. Most of the Syndicate Banks provide access to apply in Akanksha Power and Infrastructure IPO via ASBA process. You must have your net banking access, DP ID information to apply in Akanksha Power and Infrastructure SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Akanksha Power and Infrastructure SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Akanksha Power and Infrastructure SME IPO Review and Important Updates
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Akanksha Power and Infrastructure SME IPO is going to be list on 03-01-2024. NSE Code for Akanksha Power and Infrastructure is AKANKSHA.
Other relevant questions:
When Akanksha Power and Infrastructure SME IPO will be listing? Akanksha Power and Infrastructure SME IPO NSE listing date?Akanksha Power and Infrastructure SME IPO date of listing
Akanksha Power and Infrastructure SME IPO Allotment Date is 01-01-2024.
Other relevant questions:
Akanksha Power and Infrastructure SME IPO share allotment date?Akanksha Power and Infrastructure SME IPO allotment date?
