IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
Akanksha Power and Infrastructure IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Nashik and caters to Electric Equipments - OEM sector. Narnolia Financial Services is the merchant banker of Akanksha Power and Infrastructure IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th June 2023.
Akanksha Power and Infrastructure IPO open date is 27th December 2023 and close date is 29th December 2023. IPO Allotment Date is 1st January 2024 and Listing date is 3rd January 2024.Akanksha Power and Infrastructure IPO size is Rs 27.49 Cr. crores with IPO price of Rs 55.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Narnolia Financial Services Limited is the book-running lead manager of the Akanksha Power and Infrastructure IPO. Link Intime India Private Limited is the Registrar and Market Maker is Nikunj Stock Brokers Limited for Akanksha Power and Infrastructure IPO.
Akanksha Power and Infrastructure IPO anchor investors are the below investors. The number of anchor investors in this IPO is 4.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| LC Radiance Fund | 400,000.00 | ₹55.00 | ₹22,000,000.00 |
| Moneywise Financial Services | 354,000.00 | ₹55.00 | ₹19,470,000.00 |
| Resonance Opportunities Fund | 364,000.00 | ₹55.00 | ₹20,020,000.00 |
| Nexus Global Opportunities | 300,000.00 | ₹55.00 | ₹16,500,000.00 |
Akanksha Power and Infrastructure IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Akanksha Power and Infrastructure IPO, based in Nashik, operates in the Electric Equipments - OEM sector with a focus on providing efficient and lower cost power solutions through APFC Panels, AMI Infrastructure. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Akanksha Power and Infrastructure IPO size is ₹ 27.49 Cr. Crores with fresh issue size of Rs 27.49 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Akanksha Power and Infrastructure IPO is expected to be 1st January 2024, after the finalization of basis of allotment. Investors can check Akanksha Power and Infrastructure IPO allotment status on the registrars website, Link Intime India Private Limited. Akanksha Power and Infrastructure IPO refund dates are 2nd January 2024.
Akanksha Power and Infrastructure IPO is expected to be listed on 3rd January 2024.
The upper price band for the Akanksha Power and Infrastructure IPO is set at ₹ 55.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Akanksha Power and Infrastructure IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Akanksha Power and Infrastructure IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 29th December 2023. After submission, funds are blocked until the basis of allotment of Akanksha Power and Infrastructure IPO is finalised.
The merchant banker for Akanksha Power and Infrastructure IPO is Narnolia Financial Services Limited . Narnolia Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Akanksha Power and Infrastructure IPO RHP for further details.
The registrar for Akanksha Power and Infrastructure IPO is Link Intime India Private Limited. Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Akanksha Power and Infrastructure IPO through their official website or helpline.
Akanksha Power and Infrastructure IPO was subscribed 117.39 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 27.49 Cr.
Avg IPO Size (Sector Based)
:
₹ 26.86 Cr.
Sector: Electric Equipments - OEM
SME IPO so far:
7
Merchant Banker:
Narnolia Financial
SME IPO by BRLM so far:
47
City:
Nashik
SME IPO so far:
13
Revenue (annualised):
₹ 39.52 cr.
PE
Ratio:
35.72x
Average Sector PE Ratio: 23.48x
Akanksha Power and Infrastructure IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Akanksha Power and Infrastructure Financial Review Page
Merchant Banker(s) of Akanksha Power and Infrastructure IPO: Narnolia Financial Services Limited
Akanksha Power and Infrastructure IPO subscription was 117.39 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Akanksha Power and Infrastructure IPO listed at a listing price of 65.10 against the offer price of 55.00.
The current market price of Akanksha Power and Infrastructure is 96.90.
Why Us?
