Akanksha Power and Infrastructure Limited Logo

Akanksha Power and Infrastructure Limited

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Dec 27 - Dec 29, 2023
Price Band ₹52 - 55
Current GMP ₹62 (12.72%)
Subscription 117.39 times

IPO Details

IPO Date
December 27, 2023 to December 29, 2023
Listing Date
Wednesday, January 3, 2024
Face Value
₹10 per share
Price Band
₹52 to ₹55 per share
Lot Size
2000 Shares
Total Issue Size
4,998,000 shares (aggregating up to ₹27.49 Cr)
Fresh Issue
4,998,000 shares (aggregating up to ₹27.49 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
11,260,200
Share holding post issue
16,258,200
Market Maker portion
260,000 shares Nikunj Stock BrokersSs Corporate Securities

IPO Subscription Details

Anchor Investors
1
Market Maker
1
Qualified Institutions
38.51
Non-Institutional Buyers*
238.60
Retail Investors
110.44
Total **
117.39

Day Wise Sub

DayDay 1 Dec 27, 2023
QIB7.00
NII*1.75
Retail3.95
Total4.35
DayDay 2 Dec 28, 2023
QIB7.05
NII*16.49
Retail27.62
Total19.36
DayDay 3 Dec 29, 2023
QIB38.51
NII*238.60
Retail110.44
Total117.39

Day Wise GMP

Date03-01-2024
Price55.00
GMP10 (18.18%)
Estimate List Price65
Date02-01-2024
Price55.00
GMP10 (18.18%)
Estimate List Price65
Date01-01-2024
Price55.00
GMP10 (18.18%)
Estimate List Price65
Date31-12-2023
Price55.00
GMP10 (18.18%)
Estimate List Price65
Date30-12-2023
Price55.00
GMP10 (18.18%)
Estimate List Price65
Date29-12-2023
Price55.00
GMP10 (18.18%)
Estimate List Price65
Date28-12-2023
Price55.00
GMP15 (27.27%)
Estimate List Price70
Date27-12-2023
Price55.00
GMP15 (27.27%)
Estimate List Price70
Date26-12-2023
Price55.00
GMP10 (18.18%)
Estimate List Price65
Date25-12-2023
Price55.00
GMP10 (18.18%)
Estimate List Price65
Date24-12-2023
Price55.00
GMP10 (18.18%)
Estimate List Price65
Date23-12-2023
Price55.00
GMP15 (27.27%)
Estimate List Price70
Date22-12-2023
Price55.00
GMP15 (27.27%)
Estimate List Price70

IPO Important Dates

IPO Open Date
Wednesday, December 27, 2023
IPO Close Date
Friday, December 29, 2023
Basis of Allotment
Monday, January 1, 2024
Initiation of Refunds
Tuesday, January 2, 2024
Credit of Shares to Demat
Tuesday, January 2, 2024
Listing Date
Wednesday, January 3, 2024
Cut-off time for UPI mandate confirmation
5 PM on December 29, 2023

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares2000
Amount₹110,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹110,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹220,000

Financial Information

Period EndedPeriod Ended
30 Jun 202330 Jun 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Jun 20235,530.82
31 Mar 20234,762.65
31 Mar 20223,838.92
Period EndedRevenue
30 Jun 20231,027.27
31 Mar 20234,644.03
31 Mar 20225,206.50
Period EndedProfit After Tax
30 Jun 202371.06
31 Mar 2023290.50
31 Mar 2022240.92
Period EndedNet Worth
30 Jun 20232,074.75
31 Mar 20231,595.94
31 Mar 20221,305.42
Period EndedReserves and Surplus
30 Jun 2023722.70
31 Mar 20231,414.44
31 Mar 20221,123.92
Period EndedTotal Borrowing
30 Jun 20231,722.62
31 Mar 20231,527.68
31 Mar 20221,055.03

Key Performance Indicator

P/E (x)
24.02
Post P/E (x)
35.72
Market Cap (₹ Cr.)
101.85
ROE
18.20%
ROCE
22.75%
Debt/Equity
0.96
EPS (Rs)
2.29

IPO Reservation

Anchor Investor Shares Offered
1,418,000 (28.37%)
Market Maker Shares Offered
260,000 (5.20%)
QIB Shares Offered
948,000 (18.97%)
NII (HNI) Shares Offered
712,000 (14.25%)
Retail Shares Offered
1,660,000 (33.21%)
Total Shares Offered
4,998,000 (100%)

Information about company

Founded in July 2008, Akanksha Power and Infrastructure Limited manufactures electrical equipment such as switchboards, transformers and vacuum contactors for institutions, industries and utilities. The company's product portfolio includes manufacturing and supply of CT-PT, metering units, cubic automatic power correction panels (capacitor panels), fixed capacitor banks, motor control centre (MCC), power control centre (PCC), variable frequency drive (VFD) panels, thyristor switches and vacuum contactors. The company also offers energy management systems and smart energy metres (Advanced Metering Infrastructure). In addition, the company offers engineering and implementation services for turnkey electrical projects. In addition to production and manufacturing, the company also offers services related to the distribution and management of electricity. The company's operations include setting up electrical infrastructure that includes power quality testing, site analytics, online cloud-based multiple monitoring and data analytics for better management. The company aims to reduce losses in transmission, distribution and at the user level. The company's customer base includes Military Engineer Services, Hindustan Aeronautics Limited, Coal India Limited, HINDALCO Industries Limited, Indian Oil Corporation Limited, Ordnance Factory Board, Larson & Toubro Limited, NALCO, ABB India Private Limited, Hitachi Energy India Limited, TPCODL (Tata Power Group), Jindal Stainless Limited, National Mineral Development Corporation Limited, Steel Authority of India Limited, Thyssenkrupp Electrical Steels Limited, Kutch Copper Limited (Adani Group) and TPNODL (Tata Power Northern Odissa Distribution Limited). The company is certified as an ISO 9001:2015 compliant organisation The company has two manufacturing facilities in Satpur, Nashik, Maharashtra, India. As of June 30, 2023, the company has 62 permanent employees and 387 contract employees who are paid on a daily basis. As of June 30, 2023, Odisha contributed 34.61% to the company's total revenue, while Maharashtra, Chhattisgarh, Karnataka and Gujrat contributed 8.77%, 0.10%, 3.19% and 1.30%, respectively.

Disclaimer

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application. No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever Please read all Tearms and conditions , and agree to use the App