Last updated on October 11, 2023
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 | 29 Sep – 4 Oct 2023 |
| Akanksha Power IPO Price | INR 40 – 45 per share |
| Fresh issue | 49,95,000 shares (INR 19.98 – 22.48 crore) |
| Offer For Sale | NIL |
| Total IPO size | 49,95,000 shares (INR 19.98 – 22.48 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 135,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Akanksha Power and Infrastructure Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 74.27 | 51.84 | 46.09 |
| Expenses | 68.91 | 48.62 | 42.40 |
| Net income | 3.92 | 2.41 | 2.91 |
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 | – | – | 17.47 – 19.65 |
| 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 |
| Coming soon | – | – | – |
Akanksha Power IPO Subscription – Live Updates
Coming soon
Akanksha Power IPO Allotment Status
Akanksha Power IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Akanksha Power IPO Dates & Listing Performance
| IPO Opening Date | 29 September 2023 |
| IPO Closing Date | 4 October 2023 |
| Finalization of Basis of Allotment | 9 October 2023 |
| Initiation of refunds | 10 October 2023 |
| Transfer of shares to demat accounts | 11 October 2023 |
| IPO Listing Date | 12 October 2023 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
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 19.98 – 22.48 crores.
What is the Akanksha Power offer price band?
Akanksha Power public offer price is INR 40 – 45 per share.
What is the lot size of Akanksha Power public offer?
Akanksha Power offer lot size is 3,000 shares.
What is Akanksha Power IPO GMP today?
Akanksha Power IPO GMP today is INR NA 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 NA per application.
