Akanksha Power IPO GMP, Review, Price, Allotment

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Last updated on January 3, 2024

Akanksha Power IPO GMP

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.

Akanksha Power and Infrastructure IPO

Promoters of Akanksha Power and Infrastructure – Mr. Bipin Bihari Das Mohapatra, and Ms. Chaitali Bipin Dasmohapatra


Akanksha Power IPO Details

Akanksha Power IPO Dates27 – 29 Dec 2023
Akanksha Power IPO PriceINR 52 – 55 per share
Fresh issue49,98,000 shares (INR 25.99 – 27.49 crore)
Offer For SaleNIL
Total IPO size49,98,000 shares (INR 25.99 – 27.49 crore)
Minimum bid (lot size)2,000 shares (INR 110,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE SME

Akanksha Power and Infrastructure Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Revenue74.2751.8446.099.88
Expenses68.9148.6242.409.32
Net income3.922.412.910.71
Figures in INR Crores unless specified otherwise

Akanksha Power Offer News


Akanksha Power and Infrastructure Valuations & Margins

FY 2021FY 2022FY 2023
EPS3.901.902.29
PE ratio––22.71 – 24.02
RONW (%)36.8418.4618.20
NAV58.6571.9287.93
ROCE (%)40.0721.7422.75
EBITDA (%)9.229.2711.33
Debt/Equity 0.840.810.96
*Compiled by IPO Central from Prospectus

Akanksha Power IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
2 January 202410–15,200
1 January 202415–20,000
30 December 202315–21,000
29 December 202315–23,500
28 December 202315–23,500
27 December 202310–17,000
26 December 202310–18,500
23 December 202315–25,000

Akanksha Power IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered948,000972,0001,660,0003,580,000
29 Dec 202338.51175.04110.40108.91
28 Dec 20237.0520.5933.6523.06
27 Dec 20237.003.8312.108.51

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 Date27 December 2023
IPO Closing Date29 December 2023
Finalization of Basis of Allotment1 January 2024
Initiation of refunds2 January 2024
Transfer of shares to demat accounts2 January 2024
IPO Listing Date3 January 2024
Opening Price on NSE SMEINR 62 per share (up 12.73%)
Closing Price on NSE SMEINR 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: [email protected]
Website: 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: [email protected]
Website: 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.

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