Akanksha Power and Infrastructure is scheduled to hit the market on December 27, 2023 and close on December 29, 2023. Akanksha Power and Infrastructure plans to raise around ₹27.49 Cr through an IPO with a sale of up to 4,998,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Established in July 2008, Akanksha Power and Infrastructure Limited specializes in crafting electrical equipment, including switchboards, transformers, and vacuum contactors, catering to a broad spectrum of institutions, industries, and utilities.
Their diverse product range encompasses CT-PT units, metering systems, automatic power correction panels, fixed capacitor banks, MCCs, PCCs, VFD panels, thyristor switches, and vacuum contactors. Furthermore, the company provides advanced solutions like energy management systems and sophisticated energy meters through their Advanced Metering Infrastructure. Complementing their product lineup, Akanksha Power and Infrastructure offers comprehensive engineering and implementation services for end-to-end electrical projects.
Akanksha Power and Infrastructure IPO Details
Akanksha Power and Infrastructure opens on Dec 27 , 2023, and closes on Dec 29 , 2023. The Listing date for MCPL IPO is on Jan 03, 2024. The price band for IPO is ₹52 to ₹55 per share and lot size of 2000 Shares.
| IPO Date | Dec 27 , 2023 to Dec 29, 2023 |
| Listing Date | Jan 03, 2024 |
| Price | ₹52 to ₹55 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹27.49 Cr |
| Face Value | ₹10 per share |
Akanksha Power and Infrastructure IPO Tentative Timetable
Akanksha Power and Infrastructure opening date is December 27, 2023 and close date is December 29, 2023. The IPO allotment date is January 1, 2024. The refund initiation of IPO is on January 2, 2024. The credit of shares in demat account is on January 2, 2024. The listing date is on January 3, 2024.
| Event | Date |
|---|---|
| IPO Opening | Dec 27, 2023 |
| IPO Closing | Dec 29, 2023 |
| IPO Allotment Date | Jan 01, 2023 |
| Refund Initiation | Jan 02, 2024 |
| Shares Credit to Demat | Jan 02, 2024 |
| Lisiting Date | Jan 03, 2024 |
Akanksha Power and Infrastructure IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹110,000 |
| Retail(Maximum) | 1 | 2000 | ₹110,000 |
| HNI (Minimum) | 2 | 4000 | ₹220,000 |
Akanksha Power and Infrastructure IPO Promoter Holding
| Pre Issue Share Holding | 83.28% |
| Post Issue Share Holding | 60.81% |
Akanksha Power and Infrastructure IPO Review
Despite a 10.8% decline in revenue, the company showcased resilience with a 20.58% growth in profit after tax between FY 2022 and FY 2023. This indicates the firm's efficiency in managing costs or diversifying revenue streams. With assets consistently on the rise and a Debt/Equity ratio standing at 0.96, Akanksha Power and Infrastructure Limited's financial position appears stable. Key metrics like Price-to-Earnings (P/E) ratio at 24.02 and Return on Equity (ROE) at 18.20% provide potential investors with insights into valuation and profitability.
Akanksha Power and Infrastructure Limited's allocation of IPO proceeds underscores a strategic approach to future growth. By addressing capital expenditure requirements, meeting working capital necessities, and focusing on general corporate purposes, the company aims to bolster its operational infrastructure and capitalize on emerging opportunities.
Prospective investors should weigh Akanksha Power and Infrastructure Limited's growth potential against its competitive landscape and market dynamics. While the firm's financial metrics present promising indicators, understanding its competitive positioning, market penetration strategies, and future growth plans within the infrastructure sector will be crucial. A thorough analysis encompassing industry trends, client relationships, operational efficiencies, and Akanksha Power and Infrastructure Limited's strategic initiatives will be essential for informed investment decisions.
Akanksha Power and Infrastructure IPO Subscription Status (Bidding Details)
Table not foundAkanksha Power and Infrastructure IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Akanksha Power and Infrastructure IPO FAQs
What is Akanksha Power and Infrastructure IPO?
Akanksha Power and Infrastructure is issuing 4,998,000 equity shares with a face value of ₹10 each, totaling up to ₹27.49 Cr. The shares are being offered at a price of ₹52 to ₹55 each, with a minimum order quantity of 2000 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Akanksha Power and Infrastructure IPO will open?
Akanksha Power and Infrastructure will open on December 27 , 2023 for QIB, NII, and Retail Investors.
When Akanksha Power and Infrastructure IPO will end?
Akanksha Power and Infrastructure will end on December 29, 2023.
What is Akanksha Power and Infrastructure IPO Size?
Akanksha Power and Infrastructure IPO size is ₹27.49 Cr.
What is Akanksha Power and Infrastructure IPO Price Band?
Akanksha Power and Infrastructure price band is ₹52 to ₹55 per share.
What is the Akanksha Power and Infrastructure IPO Allotment Date?
Akanksha Power and Infrastructure allotment date is January 1, 2024.
What is the Akanksha Power and Infrastructure IPO Listing Date?
Akanksha Power and Infrastructure listing date is January 03, 2024. The IPO is to be listed on BSE and NSE.
How to Apply Akanksha Power and Infrastructure IPO through Zerodha?
To apply for the IPO “Akanksha Power and Infrastructure” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Akanksha Power and Infrastructure IPO through Upstox?
To apply for the IPO “Akanksha Power and Infrastructure” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Akanksha Power and Infrastructure IPO Allotment Status?
For MCPL IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Akanksha Power and Infrastructure IPO GMP?
You can check out here: Akanksha Power and Infrastructure IPO GMP