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IPO

IPO Details


Akanksha Power & Infrastructure Ltd
Registered Office: Plot #. 87/4 MIDC, Satpur, Nashik - 422007, Maharashtra
Phone: +91 9370345000
Email: bdm@apil.co.in
Website: https://apil.co.in
Initial public offering of up to 49,98,000 equity shares of Rs. 10/- each ("Equity Shares") of Akanksha Power and Infrastructure Limited ("APIL" or the "Company") for cash at a price of Rs. 55/- per equity share (the "Issue Price"), aggregating to Rs. 27.49 crores ("The Issue"). Out of the issue, 2,60,000 equity shares aggregating to Rs. 1.43 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 47,38,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 55/- per equity share aggregating to Rs. 26.06 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.99 % and 25.59 %, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 each and the issue price is Rs. 55 the issue price is 5.5 times of the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
27-Dec-2023 29-Dec-2023 ₹ 55.00 ₹ 0.00
Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0
(₹)Cr. Lead Managers to the Issue
Project Cost 22.47 Narnolia Financial Services Ltd
Project Financed through Current Offer 27.49
Post Issue Equity Share Capital 18.52
Issue Price ₹55.00
Projects
Capital expenditure
Working capital requirement
General corporate purposes
Promoted By
Bipin Bihari Das Mohapatra
Chaitali Bipin Dasmohapatra
Listing At
NSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

82,755.51 700.40 (0.85%)

Nifty

25,244.75 200.40 (0.80%)

GLOBAL INDICES

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85.75 0.06 (0.95%)

NASDAQ
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24,474.68 297.60(1.23%)