Akanksha Power IPO description – Incorporated in 2008, Akanksha Power and Infrastructure provides sustainable and reliable power solutions. The company is engaged in the business of manufacturing electric equipment, including electrical panels, instrument transformers, and vacuum contactors, catering to institutions, industries, and electricity transmission and distribution utilities. The company has two manufacturing plants in Nashik, Maharashtra.
From 2008 to 2010, the company was engaged in the trading of capacitors, which were procured from EPCOS India Private Limited, currently known as TDK Electronics. The major commercial operation of the company started in the year 2010, as an input-based rural power distribution franchise (DF) in Khaira Electrical Subdivision, Balasore, Odisha. In the year 2013, the company established its manufacturing facilities and started production of APFC Panels to provide Power Quality Solutions.
Besides, Akanksha Power and Infrastructure entered into a new sector of business, i.e., turnkey construction of High Tension (HT) and Low Tension (LT) electrical infrastructure including 33/11 KV Substations, Distribution Substations, etc. In the year 2016, the company added new products like Current Transformer (CT), Potential Transformer (PT), and Residual Voltage Transformer (RVT), used to measure current and voltage in electrical systems. In 2018, the company got the green field LED street light projects on a turnkey basis in 12 districts of Odisha.
In the year 2019, the company launched another new product Vacuum Contactors which are used in heavy-duty applications and are designed to operate reliably even in harsh environments.
Promoters of Akanksha Power and Infrastructure – Mr. Bipin Bihari Das Mohapatra, and Ms. Chaitali Bipin Dasmohapatra
Table of Contents
Akanksha Power IPO Details
| Akanksha Power IPO Dates | 27 – 29 Dec 2023 |
| Akanksha Power IPO Price | INR 52 – 55 per share |
| Fresh issue | 49,98,000 shares (INR 25.99 – 27.49 crore) |
| Offer For Sale | NIL |
| Total IPO size | 49,98,000 shares (INR 25.99 – 27.49 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 110,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Akanksha Power and Infrastructure Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 |
| Revenue | 74.27 | 51.84 | 46.09 | 9.88 |
| Expenses | 68.91 | 48.62 | 42.40 | 9.32 |
| Net income | 3.92 | 2.41 | 2.91 | 0.71 |
Akanksha Power Offer News
- Akanksha Power and Infrastructure RHP
- Akanksha Power and Infrastructure Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Akanksha Power and Infrastructure Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.90 | 1.90 | 2.29 |
| PE ratio | – | – | 22.71 – 24.02 |
| RONW (%) | 36.84 | 18.46 | 18.20 |
| NAV | 58.65 | 71.92 | 87.93 |
| ROCE (%) | 40.07 | 21.74 | 22.75 |
| EBITDA (%) | 9.22 | 9.27 | 11.33 |
| Debt/Equity | 0.84 | 0.81 | 0.96 |
Akanksha Power IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 2 January 2024 | 10 | – | 15,200 |
| 1 January 2024 | 15 | – | 20,000 |
| 30 December 2023 | 15 | – | 21,000 |
| 29 December 2023 | 15 | – | 23,500 |
| 28 December 2023 | 15 | – | 23,500 |
| 27 December 2023 | 10 | – | 17,000 |
| 26 December 2023 | 10 | – | 18,500 |
| 23 December 2023 | 15 | – | 25,000 |
Akanksha Power IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 948,000 | 972,000 | 1,660,000 | 3,580,000 |
| 29 Dec 2023 | 38.51 | 175.04 | 110.40 | 108.91 |
| 28 Dec 2023 | 7.05 | 20.59 | 33.65 | 23.06 |
| 27 Dec 2023 | 7.00 | 3.83 | 12.10 | 8.51 |
Akanksha Power IPO Allotment Status
Akanksha Power IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Akanksha Power IPO Dates & Listing Performance
| IPO Opening Date | 27 December 2023 |
| IPO Closing Date | 29 December 2023 |
| Finalization of Basis of Allotment | 1 January 2024 |
| Initiation of refunds | 2 January 2024 |
| Transfer of shares to demat accounts | 2 January 2024 |
| IPO Listing Date | 3 January 2024 |
| Opening Price on NSE SME | INR 62 per share (up 12.73%) |
| Closing Price on NSE SME | INR 65.10 per share (up 18.36%) |
Akanksha Power Offer Lead Manager
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email:Â [email protected]
Website:Â www.narnolia.com
Akanksha Power Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400083, Maharashtra
Phone: +91 8108114949
E-mail:Â [email protected]
Website:Â www.linkintime.co.in
Akanksha Power Contact Details
AKANKSHA POWER AND INFRASTRUCTURE LIMITED
Plot No. 87/4, MIDC, Satpur,
Nashik- 422007, Maharashtra, India
Phone: +91 9370345000
E-mail: [email protected]
Website: www.apil.co.in
IPO FAQs
What is Akanksha Power offer size?
Akanksha Power offer size is INR 25.99 – 27.49 crores.
What is the Akanksha Power offer price band?
Akanksha Power public offer price is INR 52 – 55 per share.
What is the lot size of Akanksha Power public offer?
Akanksha Power offer lot size is 2,000 shares.
What is Akanksha Power IPO GMP today?
Akanksha Power IPO GMP today is INR 10 per share.
What is the Akanksha Power kostak rate today?
Akanksha Power kostak rate today is INR NA per application.
What is Akanksha Power Subject to Sauda rate today?
Akanksha Power Subject to Sauda rate today is INR 15,200 per application.
