Akanksha Power and Infrastructure IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

Let’s have a detailed review of the company and analytics of the Akanksha Power and Infrastructure IPO release date, IPO offer price, subscription, Akanksha Power and Infrastructure Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Akanksha Power and Infrastructure IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Akanksha Power and Infrastructure IPO – Summary

Their Company was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of “Akanksha Power and Infrastructure Private Limited” bearing Corporate Identification Number U40104MH2008PTC184149, dated July 01, 2008.

It was issued by the Registrar of Companies, Mumbai. Subsequently, the company was converted into a public limited Company and the name of the Company was changed to “Akanksha Power and Infrastructure Limited” pursuant to a shareholders’ resolution passed at an Extra-Ordinary General Meeting.

The Promoter of this company is MR. BIPIN BIHARI DAS MOHAPATRA AND MS. CHAITALI BIPIN DASMOHAPATRA. The lead manager of the issue is NARNOLIA FINANCIAL SERVICES LIMITED, and the Registrar of this issue is LINK INTIME INDIA PRIVATE LIMITED.

Akanksha Power and Infrastructure IPO Date

The opening and closing dates of Akanksha Power and Infrastructure IPO are December 27, 2023, and December 29, 2023, respectively.

Akanksha Power and Infrastructure IPO Subscription

The shares subscribed by the public will be updated here.

Akanksha Power and Infrastructure IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Akanksha Power and Infrastructure Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Akanksha Power and Infrastructure IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs 52 to Rs 55 

Akanksha Power and Infrastructure IPO Equity Size

This Initial Public Issue of 4,998,000 Equity Shares of Rs.10 each for cash at a price of Rs 52 to Rs 55 per equity share aggregating to Rs.2749 Lakh.

Akanksha Power and Infrastructure IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,998,000 Equity Shares of Rs.10/ each.

Issue Size: 4,998,000 Equity Shares of Rs.10 each, aggregating to Rs.2749 Lakh

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Akanksha Power and Infrastructure IPO – Live Performance

The listing date of this IPO is January 3, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.

Akanksha Power and Infrastructure IPO Grey Market Premium

The Akanksha Power and Infrastructure Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

Akanksha Power and Infrastructure IPO – Company Overview

Their Company is engaged in the business of manufacturing electric equipment, including electrical panels, instrument transformers, and vacuum contactors, catering to consumers from institutions, industries and electricity transmission and distribution utilities. Their Company has two (2) manufacturing plants, to manufacture the products with emphasis on quality and performance.

In addition to production and manufacturing, they also provide services related to the distribution and management of electricity in their operation including the establishment of electrical infrastructure which involves power quality audit, site analysis, online cloud-based multiple monitoring and data analysis for better management to reduce losses in Transmission, Distribution and User level.

They are also engaged in managing electrical distribution network for the distribution companies (“DISCOMs”). For more details of their services, please refer to page no. 129. Further, Their Company is engaged in turnkey projects which involve supply, installation, erection, commissioning, and maintenance of electrical infrastructure up to 33 KV, managing greenfield LED streetlights; and technical operation and maintenance of one of the electrical divisions in Odisha.

Akanksha Power and Infrastructure IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Earnings per Equity Share (in Lakh)

Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 290.50 Lakh, Rs. 240.92 Lakh and Rs. 392.12 Lakh respectively.

Akanksha Power and Infrastructure IPO – Promoters

The Promoter of this company is:

1. MR. BIPIN BIHARI DAS MOHAPATRA
2. MS. CHAITALI BIPIN DASMOHAPATRA

List of Related Parties (Key Managerial Personnel)

• Bipin Bihari Das Mohapatra, Managing Director
• Chaitali Bipin Dasmohapatra, Director
• Gunasekaran Suresh Kumar, Director
• Manayil Madathil Babunarayanan, Independent Director
• Rabi Narayan Bastia, Independent Director

Akanksha Power and Infrastructure IPO – Promoters Holding

• Pre-Issue Share Holding – 83.28%
• Post-Issue Share Holding – 60.81%

Akanksha Power and Infrastructure IPO Offer Details or Issue Details

Akanksha Power and Infrastructure IPO Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

• To meet the Capital Expenditure Requirement of the Company;
• To meet the Working Capital requirements of the Company;
• To meet out the General Corporate Purposes; and
• To meet the Issue Expenses

Akanksha Power and Infrastructure IPO – Business Strategy

• Expand their geographical network
• Expand their product range with a focus on value-added products
• Increasing Operational Efficiency
• Rationalization of their Working Capital Cycle

Akanksha Power and Infrastructure IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

• Good track record;
• Government support to power sector and electric equipment industry;
• Experienced management team and a motivated and efficient work force;
• Cordial relations with their consumers;
• Quality assurance and control.

The relevant quantitative factors are:

Akanksha Power and Infrastructure IPO: Competitive Peers

Akanksha Power and Infrastructure IPO Lead Managers

Akanksha Power and Infrastructure IPO Registrar to offer

Akanksha Power and Infrastructure IPO – Other Details

• Statutory Auditor – Dileep & Prithvi, Chartered Accountants
• Legal Counsel to the Company – Corp Legex Partners
• Bankers to the Company – Central Bank of India

Akanksha Power and Infrastructure IPO Review by Stock Brokers

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Akanksha Power and Infrastructure Limited IPO News

News 1 – IPO DRHP Download

News 2 – IPO RHP Prospectus Download

Akanksha Power and Infrastructure IPO Review FAQs

Check out various FAQs related to Akanksha Power and Infrastructure IPO:

What is the Issue Size of Akanksha Power and Infrastructure IPO?

The Company is making an initial public offer of 4,998,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

What is the Price band of Akanksha Power and Infrastructure IPO?

The price band for this particular IPO ranges between Rs 52 to Rs 55. As far as the face value of the share is concerned, it is Rs. 10 per share.

What is the Akanksha Power and Infrastructure IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on December 27, 2023, while the closing date is set at December 29, 2023.

What is the Akanksha Power and Infrastructure IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on January 1, 2024, refund initiation is on January 2, 2024, credit of shares is on January 2, 2024, and share listing date is on January 3, 2024.

What is the Akanksha Power IPO Listing Date?

Shares of this company shall be listed in the exchanges on January 3, 2024. The date, when the listing would be done, is stagnant on January 3, 2024.

Who is the Registrar of Akanksha Power IPO?

One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

Who is the Promoter of Akanksha Power IPO?

Here are the promoters of this IPO – MR. BIPIN BIHARI DAS MOHAPATRA AND MS. CHAITALI BIPIN DASMOHAPATRA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is the GMP of Akanksha Power IPO?

They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

Is Akanksha Power and Infrastructure IPO Good for Investment?

They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

What is the PAT of Akanksha Power and Infrastructure Company?

They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 290.50, 2022 is 240.92, and 2021 is 392.12. PAT from Jun 2023 is 71.06.

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