Akash Infra-Projects IPO
Akash Infra-Projects Limited is engaged into the business of civil construction and has undertaken various government contracts for construction of roads. The company is primarily into the construction of roads, resurfacing, widening repairs of roads and minor bridges etc. The company has proven track record of successful completion of various road projects in the state of Gujarat. Akash Infra-Projects Limited are currently serving in the in central and northern region of Gujarat.
Eligibility requirements generally include project experience; engineering capabilities and financial strength etc. The company has made registration as “Class AA” Contractors and special Category 1 in Road Works with Government of Gujarat and “Class AA” Contractors with Ahmedabad Municipal Corporation in order to execute contracts of higher valuer.
The company is also into the business of hospitality segment and operating and managing hotel named Pathikashram at Gandhinagar which is owned by Gujarat Government. Gujarat Government, in steps towards privatization has given a portion of 30 rooms, 3 Dormitories, dinning hall, conference hall, Party Plot with Staff Quarters of Pathikashram to Akash Infra-Projects to run on private bases with fix monthly rental.
Promoters of Akash Infra-Projects Limited – Yoginkumar H Patel, Ambusinh P Gol
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Akash Infra-Projects IPO details |
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| Subscription Dates | 28 Feb – 6 Mar 2017 |
| IPO Price band | INR125 per share |
| Fresh issue | 1,267,200 shares (INR15.84 crore) |
| Offer for sale | 772,800 shares (INR9.66 crore) |
| Total IPO size | 2,040,000 shares (INR25.50 crore) |
| Minimum bid (lot size) | 1,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
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Akash Infra-Projects’ financial performance (in INR crore) |
|||||
| FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | |
| Total revenue |
65.28 |
211.55 | 153.22 | 103.43 |
88.92 |
| Total expenses |
62.45 |
203.45 | 142.69 | 98.02 |
86.53 |
|
Profit after tax |
1.43 | 7.49 | 9.77 | 5.43 |
3.98 |
| Day |
Subscription (no. of times) |
| Day 1 |
0.05 |
| Day 2 |
0.16 |
| Day 3 |
0.59 |
| Day 4 |
0.84 |
| Day 5 |
1.85 |
Akash Infra-Projects Limited
2 Ground Floor, Abhishek Complex, Opp. Hotel Haveli
Sector 11, Gandhinagar, Gujarat 382 011
Phone: +91 079 2322 7006
Email: [email protected]
Website: www.akashinfra.com
Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate, J.R. Boricha Marg,
Opp. Kasturba Hospital Lane, Lower Parel (E)
Mumbai – 400 011
Phone: +91 22 2301 6761
Fax: +91 22 2301 2517
Email: [email protected]
Website: www.purvashare.com
Akash Infra-Projects IPO allotment status is now available on Purva Sharegistry’s website. You can check IPO allotment status at this link
http://www.purvashare.com/queries/
IPO Opening Date: 28 February 2017
IPO Closing Date: 6 March 2017
Listing Date: 15 March 2017
Listing Price on NSE Emerge: INR124.5 per share (discount of 0.4% on IPO price)
Closing Price on NSE Emerge: INR128.15 per share (return of 2.5% on IPO price)
