The Akanksha Power IPO started on December 27, 2023, and ended on December 29, 2023. Shares were allocated on January 1, 2024, and refund processes began on January 2, 2024. On January 2, 2024, the shares were credited to investors demat accounts. Akanksha Power was officially listed on the stock exchange on January 3, 2024.
During the IPO, Akanksha Power offered shares at a price range of ₹52 to ₹55 per share, and the lot size was 2000 shares. The total issue size was ₹27.49 crores, with ₹27.49 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Akanksha Power IPO Subscription Update Video
Akanksha Power IPO Subscription Status
The Akanksha Power IPO on December 28, 2023 was subscribed times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed times, the QIB (Qualified-Institutional Buyers) category being subscribed times.
| Category | Subscription |
| QIB | x |
| NII | x |
| Retail | x |
| Total | x |
Akanksha Power IPO Basic Details
| Company Name | Akanksha Power and Infrastructure Limited |
| Domain of Company | Manufacturing Electrical Equipment |
| Akanksha Power IPO Open Date | December 27, 2023 |
| Akanksha Power IPO Close Date | December 29, 2023 |
| Akanksha Power IPO Allotment Date | January 1, 2024 |
| Akanksha Power IPO Listing Date | January 3, 2024 |
| Face Value | ₹10 per share |
| Price | ₹52 to ₹55 per share |
| Lot Size | 2000 Shares |
| Issue Size | 4,998,000 shares of ₹10 (aggregating up to ₹27.49 Cr) |
| Fresh Issue | 4,998,000 shares of ₹10 (aggregating up to ₹27.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr Bipin Bihari Das Mohapatra and Ms Chaitali Bipin Dasmohapatra |
About Akanksha Power and Infrastructure Limited
Established in July 2008, Akanksha Power and Infrastructure Limited creates electrical equipment like switchboards, transformers, and vacuum contactors for various institutions, industries, and utilities.
Our product range covers CT-PT, metering units, cubic automatic power correction panels (capacitor panels), fixed capacitor banks, motor control center (MCC), power control center (PCC), variable frequency drive (VFD) panels, thyristor switches, and vacuum contactors. Additionally, we provide energy management systems and smart energy meters as part of our Advanced Metering Infrastructure. We also extend our services to engineering and implementation for complete electrical projects.
Beyond manufacturing, our company offers services related to electricity distribution and management. This includes establishing electrical infrastructure, conducting power quality testing, site analytics, and implementing online cloud-based monitoring and data analytics for efficient management. Our goal is to minimize losses in transmission, distribution, and usage.
Our clientele includes prominent names such as 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).
We are proud to be certified as an ISO 9001:2015 compliant organization.
With two manufacturing facilities located in Satpur, Nashik, Maharashtra, India, our company, as of June 30, 2023, employs 62 permanent staff and 387 contract employees paid on a daily basis.
In terms of revenue distribution as of June 30, 2023, Odisha contributes 34.61% to our total revenue, while Maharashtra, Chhattisgarh, Karnataka, and Gujarat contribute 8.77%, 0.10%, 3.19%, and 1.30%, respectively.
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Akanksha Power IPO FAQs
What is the start and end date of Akanksha Power IPO Subscription?
The Akanksha Power IPO started on December 27, 2023, and ended on December 29, 2023.
When does Akanksha Power IPO Subscription open?
The Akanksha Power IPO open on December 27, 2023.
When does Akanksha Power IPO Subscription close?
The Akanksha Power IPO Close on December 29, 2023.
What is the allotment date of Akanksha Power IPO?
The allotment date for Akanksha Power IPO is January 1, 2024.
When is the initial refund date of Akanksha Power IPO?
The initial Refund date for Akanksha Power IPO is January 2, 2024.
When were the shares credited to investors demat accounts for the Akanksha Power IPO?
The shares for the Akanksha Power IPO were credited to investors demat accounts on January 2, 2024.
When will Akanksha Power IPO be listed on the stock market?
Akanksha Power IPO stock market will be listed on January 3, 2024 at 10 am.
What was the price range of the Akanksha Power IPO shares?
The Akanksha Power IPO shares were offered at a price range of ₹52 to ₹55 per share.
What was the lot size for the Akanksha Power IPO shares?
The lot size for the Akanksha Power IPO shares was 2000 shares.
What was the total issue size of the Akanksha Power IPO?
The total issue size of the Akanksha Power IPO was ₹27.49 crores.
How were the shares allocated among different types of investors for the Akanksha Power IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Akanksha Power IPO listed?
The Akanksha Power IPO was listed on the NSE SME.
What is the Akanksha Power IPO Subscription Status?
Akanksha Power IPO is subscribed Times.
