Akanksha Power and Infrastructure Limited

Closed

₹40-45

per share

Bidding Dates

29-4 Oct

Min. Investment

₹1,20,000.00

Lot Size

3000 shares

Issue Size

₹22.48 Cr

IPO Timeline

Bidding starts

29 Sep ‘23

Bidding ends

04 Oct ‘23

Allotment finalisation*

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Refund initiation*

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Demat transfer

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Listing

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* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About the Akanksha Power and Infrastructure Limited IPO:

Incorporated in the year 2008, Akanksha Power and Infrastructure Limited with the objective of providing efficient and lower cost power solutions through APFC Panels, AMI Infrastructure with smart meters, and power quality measurement products.

The company specializes in manufacturing electric equipment such as electrical panels, instrument transformers, and vacuum contactors. They serve a wide range of customers, including institutions, industries, and electricity transmission and distribution utilities. The company operates two manufacturing plants, with a strong focus on product quality and performance.

In addition to manufacturing, the company provides services related to electricity distribution and management. This includes establishing electrical infrastructure, conducting power quality audits, site analysis, cloud-based monitoring, and data analysis to reduce losses in transmission, distribution, and user-level consumption. They also manage electrical distribution networks for distribution companies (DISCOMs).

Now, Akanksha Power and Infrastructure Limited is coming out with its initial public offer (IPO).The Company proposes to utilize the funds which are being raised towards funding the following objects:
1. To meet out the Capital Expenditure Requirement of Company;
2. To meet out the Working Capital requirements of the Company;
3. To meet out the General Corporate Purposes; and
4. To meet the Issue Expenses.

Here are key details about the Akanksha Power and Infrastructure Limited IPO:

Company Name	Akanksha Power and Infrastructure Limited	Company Type	Private
IPO Type	SME	Akanksha Power and Infrastructure Limited IPO Opening Date	29 September 2023
Akanksha Power and Infrastructure Limited IPO Closing Date	4 October 2023	Akanksha Power and Infrastructure Limited IPO Allotment Status	9 October 2023
Credit of Shares to the Demat Account	11 October 2023	Akanksha Power and Infrastructure Limited IPO Listing Date	12 October 2023
Akanksha Power and Infrastructure Limited IPO Face Value	₹ 10 per share	Akanksha Power and Infrastructure Limited IPO Lot Size	3000 shares
Akanksha Power and Infrastructure Limited IPO Issue Size	₹ 22.48 crore	Akanksha Power and Infrastructure Limited IPO to be Listed on	NSE SME
Akanksha Power and Infrastructure Limited IPO Price band	₹ 40 - 45 per share

IPO analysis

Registrar information

Name

Link Intime India Private Ltd

Phone number

+91-22-4918 6270

Email ID

akanksha.ipo@linkintime.co.in

Red herring prospectus

View documents submitted by company in filing to understand more details about them.

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