Akanksha Power and Infrastructure Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹10(18.18%)
Premium (ELP)
The public market debut of Akanksha Power and Infrastructure Limited's was completed on Jan 03, 2024 with its listing on the NSE exchange. The IPO process raised 49,98,000 Shares in total capital, consisting of 49,98,000 Shares in new equity.
The offering featured a price range of ₹52 to ₹55 and minimum application size of 2000 shares. Investor response during the subscription period from Dec 27, 2023 to Dec 29, 2023 influenced the final allotment ratios across investor categories.
Final allotment was announced on Jan 02, 2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in July 2008, Akanksha Power and Infrastructure Limited manufactures electrical equipment like switchboards, transformers, capacitor panels, VFD panels, MCC/PCC panels, CT-PT units, vacuum contactors and smart metering solutions for industries, utilities and large institutions. The company also provides turnkey electrical project services along with energy management systems that support cloud monitoring, data analytics, power quality testing and loss reduction across transmission and distribution networks. Its major clients include large corporates and public sector companies such as Indian Oil, HAL, Coal India, SAIL, Hindalco, Tata Power Group, NALCO, ABB India and Adani Group. The company is ISO 9001:2015 certified, operates two manufacturing units in Nashik, Maharashtra, and as of June 30, 2023 had 62 permanent and 387 contract workers, with Odisha alone contributing over 34% of its revenue.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Bipin Bihari Das Mohapatra
- Ms. Chaitali Bipin Dasmohapatra
Akanksha Power and Infrastructure Limited
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