Akanksha Power IPO Details ( Akanksha Power and Infrastructure Limited IPO Review )
(27 Dec 2023 – 29 Dec 2023)
Akanksha Power and Infrastructure Limited, established in July 2008, makes electrical equipment like switchboards, transformers, and vacuum contactors for various organizations and industries.
The company creates and supplies a range of products, including CT-PT, metering units, automatic power correction panels, fixed capacitor banks, motor control center, power control center, variable frequency drive panels, thyristor switches, and vacuum contactors. Additionally, they provide energy management systems and advanced energy meters. Beyond manufacturing, the company offers engineering services for complete electrical projects.
Aside from production, the company is involved in electricity distribution and management services. They set up electrical infrastructure, conduct power quality testing, analyze sites, and use online cloud-based monitoring for better data analytics, aiming to reduce losses in transmission, distribution, and user levels.
The company serves various clients, including 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 organization and operates from two manufacturing facilities in Satpur, Nashik, Maharashtra, India.
As of June 30, 2023, the company has 62 permanent employees and 387 contract employees paid on a daily basis.
Odisha contributed 34.61% to the company’s total revenue as of June 30, 2023, with Maharashtra, Chhattisgarh, Karnataka, and Gujarat contributing 8.77%, 0.10%, 3.19%, and 1.30%, respectively.
Akanksha Power and Infrastructure Limited Company Product
- Panels
- Instrument Transformers
- Vacuum Contactors
- Capacitor Switches
Akanksha Power and Infrastructure Limited IPO Competitive Strength
- Strong and Unique Product Technology
- Experienced Promoters, Management and a well- trained employee base
- Consistency in Quality and Service Standards
- Established Relationship with Suppliers
- Stable customer base
- Wide range of Products and Services
Akanksha Power and Infrastructure IPO Financials Performance ( Results )
Akanksha Power and Infrastructure Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 3,781.19 | 7,441.05 | 392.12 | 3.09 | 1,064.50 | 58.65 | 883.00 | 891.47 |
| 31-Mar-22 | 3,838.92 | 5,206.50 | 240.92 | 1.90 | 1,305.42 | 71.92 | 1,123.92 | 1,055.03 |
| 31-Mar-23 | 4,762.65 | 4,644.03 | 290.50 | 2.29 | 1,595.94 | 87.93 | 1,414.44 | 1,527.68 |
| 30-Jun-23 | 5,530.82 | 1,027.27 | 71.06 | 0.53 | 2,074.75 | 15.35 | 722.70 | 1,722.62 |
Objective of Akanksha Power and Infrastructure IPO Issue
- To meet out the Capital Expenditure Requirement of Company;
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Akanksha Power IPO Basic Details
| IPO Date | Dec 27, 2023 to Dec 29, 2023 |
| Listing Date | Wednesday, 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 |
| Share holding pre issue | 11,260,200 |
| Share holding post issue | 16,258,200 |
| Company Promoters | Mr Bipin Bihari Das Mohapatra and Ms Chaitali Bipin Dasmohapatra |
Akanksha Power IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Akanksha Power and Infrastructure IPO Timetable
Akanksha Power and Infrastructure IPO will open on December 27, 2023 and close on December 29, 2023. You can join Akanksha Power and Infrastructure IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 27 December 2023 (Wednesday) |
| Closing Date | 29 December 2023 (Friday) |
| Basis of Allotment | 1 January 2024 (Monday) |
| Initiation of Refunds | 2 January 2024 (Tuesday) |
| Credit of Shares to Demat | 2 January 2024 (Tuesday) |
| Listing Date | 3 January 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 29 December 2023 |
Akanksha Power IPO Lot Size
For retail investors in Akanksha Power IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹110,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹110,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| S-HNI (Min) | 2 | 4000 | ₹220,000 |
Akanksha IPO Promoter Holding
The company’s promoters include Mr Bipin Bihari Das Mohapatra and Ms Chaitali Bipin Dasmohapatra.
| Pre Issue Share Holding | 83.28% |
| Post Issue Share Holding | 60.81% |
Akanksha Power and Infrastructure Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 101.85 |
| Earning Per Share (EPS) | ₹2.29 per Equity Share |
| Net Asset Value (NAV) | ₹87.93 per Equity Share |
| P/E Ratio (P/E) (x) | 24.02 |
| Post P/E Ratio (P/E) (x) | 35.72 |
| Return on Net Worth (RoNW) (%) | 18.20 |
| Return on equity (ROE) (%) | 18.20 |
| Return on Capital Employed (ROCE) (%) | 22.75 |
| Debt/Equity Ratio | 0.96 |
Akanksha Power and Infrastructure Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | CMP (₹) | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Akanksha Power and Infrastructure Limited | Standalone | 10.00 | 55.00 | 2.29 | 35.72 | 18.20 | 87.93 |
| Peer Group | |||||||
| HPL Electric & Power Limited | Standalone | 10.00 | 220.90 | 4.69 | 18.70 | 3.80 | 123.69 |
| Genus Power Infrastructure Limited | Standalone | 1.00 | 228.80 | 1.26 | 67.22 | 2.95 | 42.61 |
| Cospower Engineering Limited | Standalone | 10.00 | 310.00 | 1.39 | 216.65 | 5.21 | 47.38 |
Akanksha Power IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹10 | – | – |
| 2 January 2024 | ₹10 | – | – |
| 1 January 2024 | ₹10 | – | – |
| 31 December 2023 | ₹10 | – | – |
| 30 December 2023 | ₹10 | – | – |
| 29 December 2023 | ₹10 | – | – |
| 28 December 2023 | ₹10 | – | – |
| 27 December 2023 | ₹10 | – | – |
| 26 December 2023 | ₹10 | – | – |
| 25 December 2023 | ₹10 | – | – |
Akanksha Power IPO Detail Video:
Akanksha Power IPO Subscription Status (Bidding Detail)
The Akanksha Power IPO on December 29, 2023 at 7:30:00 PM was subscribed 117.39 times, with the retail category being subscribed 110.44 times, the NII (Non-Institutional Investor) category being subscribed 238.60 times, QIB (Qualified-Institutional Buyers) category being subscribed 38.51 times.
| Category | Subscription |
| QIB | 38.51x |
| NII | 238.60x |
| Retail | 110.44x |
| Total | 117.39x |
Akanksha Power and Infrastructure IPO Prospectus
| Akanksha Power IPO DRHP | Download |
| Akanksha Power IPO RHP | Download |
| Akanksha Power IPO Anchor Investors Details PDF | Download |
Akanksha Power IPO Rating
| Our Rating | 3.0/5.0 |
Akanksha Power Company Contact Information
Akanksha Power and Infrastructure Limited
Registered Office: Plot No. 87/4, MIDC, Satpur, Nashik- 422007, Maharashtra, India
Tel: +91 9370345000
Fax: N.A.
Website: www.apil.co.in
E-mail: bdm@apil.co.in
Company Secretary and Compliance Officer: Mr. Amir Bandubhai Shaikh
Promoters: Mr. Bipin Bihari Das Mohapatra and Ms. Chaitali Bipin Dasmohapatra
Akanksha Power IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West) Mumbai,
Maharashtra – 400083, India
Telephone: +91 8108114949; Email: akanksha.ipo@linkintime.co.in
Investor Grievance Email: akanksha.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
CIN: U67190MH1999PTC118368
Akanksha Power IPO Lead Manager
Narnolia Financial Services Limited
Address: 201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road, Kolkata, West Bengal- 700020, India.
Telephone: +91- 8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
Contact Person: Mr. Pankaj Passi
SEBI Registration Number: INM000010791
CIN: U51909WB1995PLC072876
Akanksha Power IPO FAQs
What is the lot size of Akanksha Power IPO?
The total size of Akanksha Power IPO is ₹27.49 crores and this is a complete fresh Issue.
When will Akanksha Power IPO start?
Akanksha Power IPO will open from 27 December 2023 and IPO will close on 29 December 2023.
What is the open date of Akanksha Power IPO?
Akanksha Power IPO will open date from 27 December 2023.
What is the last date ( close date ) of Akanksha Power IPO?
Akanksha Power IPO will close from 29 December 2023.
What is the price band of Akanksha Power IPO?
Akanksha Power IPO price band is ₹52 to ₹55. ( Upper Price Band: ₹55, Lower Price Band: ₹52 )
What is the minimum amount required to apply for Akanksha Power IPO?
The minimum investment for retailers to apply for Akanksha Power IPO is ₹110,000 and the maximum investment is ₹110,000.
What is going on gray market premium of Akanksha Power IPO?
View gray market premium of Akanksha Power IPO by Clicking Here
How much is the GMP of Akanksha Power IPO?
Watch Akanksha Power IPO GMP Today: Click Here
What is the allotment date of Akanksha Power IPO?
The allotment date of Akanksha Power IPO is 1 January 2023.
How to check allotment status in Akanksha Power IPO?
To check the allotment status of Akanksha Power IPO, first of all go to the registrar website by clicking here, select your bad Akanksha Power IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Akanksha Power IPO?
The listing date of Akanksha Power IPO is 3 January 2023.
How much will be the listing gain in Akanksha Power IPO?
View listing gain of Akanksha Power IPO by Clicking Here
How much time Akanksha Power IPO is subscribed?
Total 117.39 times subscribed in Akanksha Power IPO out of which 110.44 times subscription was done in retail quota, 238.60 times subscription in NII quota and 38.51 times subscription in QIB quota.
How to apply for Akanksha Power IPO from Upstox?
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How to apply for Akanksha Power PO from Zerodha?
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