The Akanksha Power IPO commenced on December 27, 2023, and concluded on December 29, 2023. The allotment of shares took place on January 1, 2024, and the initiation of refunds began on January 2, 2024. The shares were credited to the demat accounts of investors on January 2, 2024. Finally, the listing of Akanksha Power on the stock exchange occurred on January 3, 2024.
The Akanksha Power IPO was priced at ₹52 to ₹55 per share, with a lot size of 2000 shares. The total issue size was ₹27.49 crores, comprising a fresh issue of ₹27.49 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Akanksha Power IPO Basic Details
| Company Name | Akanksha Power and Infrastructure Limited |
| Domain of Company | Manufacturing Electrical Equipment |
| Akanksha Power IPO GMP Today | ₹10 |
| Akanksha Power IPO Listing Gain | 18.18% |
| 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 |
Akanksha Power IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹10 | 18.18% | – | – |
| 26 December 2023 | ₹10 | 18.18% | – | – |
| 25 December 2023 | ₹10 | 18.18% | – | – |
| 24 December 2023 | ₹10 | 18.18% | – | – |
Akanksha Power and Infrastructure IPO Details:
Akanksha Power and Infrastructure Limited started its journey in July 2008. We specialize in making 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 advanced metering infrastructure for smart energy meters. We also offer engineering and implementation services for complete electrical projects.
Beyond manufacturing, we provide services related to electricity distribution and management. This includes setting up electrical infrastructure with power quality testing, site analytics, and cloud-based monitoring for effective data analytics. Our goal is to minimize losses in transmission, distribution, and usage.
Our clientele includes esteemed organizations such as the 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 in Satpur, Nashik, Maharashtra, India, our company employs 62 permanent staff and 387 contract workers paid on a daily basis as of June 30, 2023.
Regarding revenue distribution, as of June 30, 2023, Odisha contributed 34.61% to our total revenue, while Maharashtra, Chhattisgarh, Karnataka, and Gujarat contributed 8.77%, 0.10%, 3.19%, and 1.30%, respectively.
Akanksha Power IPO More Details Click Here
Akanksha Power IPO FAQs
When is Akanksha Power IPO open?
Akanksha Power IPO will open on 27 December 2023.
When is Akanksha Power IPO Close?
Akanksha Power IPO will be closed on 29 December 2023.
What is Akanksha Power IPO GMP Today?
The Akanksha Power IPO GMP aka Grey Market Premium is ₹10.
What is Akanksha Power IPO Kostak Rates Today?
The Akanksha Power IPO Kostak Rate is ₹000.
What is Akanksha Power IPO Subject to Sauda Price Today?
The Akanksha Power IPO subject to sauda rates is ₹000.
Akanksha Power IPO Expected Returns?
The Akanksha Power expected return is 18.18%.
How much will be the listing gain in Akanksha Power IPO?
Akanksha Power IPO will get listing gain of 18.18%. (Approx.)
