What you must know about Akanksha Power and Infrastructure IPO?
by 5paisa Research Team
26 Sep 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 03-Jan-24
- IPO Price Range ₹ 52 to ₹ 55
- Listing Price ₹ 62
- Listing Change 12.7%
- Last Traded Price ₹ 89.45
- Current Change 62.6%
Akanksha Power IPO Details
- Open Date 27-Dec-23
- Close Date 29-Dec-23
- Lot Size 2000
- IPO Size ₹ 27.49 Cr
- IPO Price Range ₹ 52 to ₹ 55
- Min Investment ₹ 104000
- Listing Exchange NSE SME
- Basis of Allotment 01-Jan-24
- Refunds 02-Jan-24
- Credit to Demat Account 02-Jan-24
- Listing Date 03-Jan-24
Akanksha Power & Infrastructure IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Dec-23 | 7.00 | 1.75 | 3.94 | 4.35 |
| 28-Dec-23 | 7.05 | 16.44 | 27.42 | 19.25 |
| 29-Dec-23 | 38.51 | 238.60 | 110.43 | 117.38 |
Akanksha Power IPO Synopsis
Akanksha Power and Infrastructure Limited IPO is all set to open from 27th December to 29th December 2023. The company is involved in the business of providing sustainable and reliable power solutions. The IPO includes a fresh issue of 4,998,000 shares worth ₹27.49 cr. The share allotment date is 1st January 2024, and the IPO will be listed on 3rd January 2024 on the stock exchanges. The price band is ₹52 to ₹55 per share and the lot size is 2000 shares.
Narnolia Financial Services Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Akanksha Power and Infrastructure IPO:
Akanksha Power and Infrastructure Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirements and working expenditure requirements.
● General corporate purposes.
● For funding public issue expenses.
About Akanksha Power & Infrastructure
Incorporated in 2008, Akanksha Power and Infrastructure Limited is in the business of providing sustainable and reliable power solutions. The company started its commercial operation in 2010, as an ‘input-based rural power distribution franchise (DF)’ in Khaira Electrical Subdivision, Balasore, Odisha.
Akanksha Power and Infrastructure has two manufacturing facilities in Nashik, Maharashtra, and makes electric equipment. This includes electrical panels, instrument transformers, and vacuum contactors, catering to a diverse range of clients such as institutions, industries and electricity transmission and distribution utilities.
The company also offers turnkey solutions in Odisha. Other services by Akanksha Power and Infrastructure include distribution and management of electricity. Additionally, it manages the electrical distribution network for the distribution companies (“DISCOMs”). It also provides APFC Panels and undertakes Green field street lighting Projects.
The company has an ISO 9001:2015 certification. Its portfolio of services includes:
● Supply of CT-PT, Metering Units and Cubical
● Automatic power correction panel (Capacitor Panel)
● Fixed capacitor banks
● Motor Control Centre (MCC)
● Power Control Centre (PCC)
● Variable Frequency Drive (VFD) Panels
● Thyristor switches and Vacuum contactors
● Energy Management System and Smart Energy Meters (Advanced Metering Infrastructure)
● Engineering and execution of electrical turnkey projects
Some of the renowned clients of Akanksha Power and Infrastructure are Military Engineer Services, Indian Oil Corporation Limited, Coal India Limited, Larson & Toubro Limited, NALCO, and more.
Peer Comparison
● HPL Electric & Power Limited
● Genus Power Infrastructure Limited
● Cospower Engineering Limited
For More Information:
Webstory on Akanksha Power and Infrastructure IPO
Akanksha Power and Infrastructure IPO GMP
Akanksha Power & Infrastructure Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 46.09 | 51.83 | 74.24 |
| EBITDA | 5.22 | 4.81 | 6.85 |
| PAT | 2.90 | 2.41 | 3.92 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 47.63 | 38.39 | 37.81 |
| Share Capital | 1.815 | 1.815 | 1.815 |
| Total Borrowings | 31.67 | 25.34 | 27.17 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 4.02 | -4.28 | 5.61 |
| Net cash from / (used in) investing activities | -7.47 | 0.062 | -3.11 |
| Net cash flow from / (used in) financing activities | 6.94 | 2.98 | -1.09 |
| Net increase (decrease) in cash and cash equivalents | 3.49 | -1.24 | 1.40 |
Akanksha Power IPO Key Points
-
Strengths
1. The company has Strong and Unique Product Technology.
2. It has ISO 9001:2015 certification for quality.
3. It has a strong customer and contractor base.
4. It is a well-established brand and has many renowned clients.
5. A wide product offering.
6. Experienced Promoters and Management.
-
Risks
1. There is a downward trend of revenue during the last financial year and stub period.
2. The company has reported negative cash flows in the past.
3. A significant portion of the revenue is from government tender in the past.
4. Revenue is also dependent on a few States in India.
5. High working capital requirements.
6. APFC Panels and Green field street lighting Projects contribute majorly to revenue.
7. Global Shortage in chip supply could impact the business.
Akanksha Power
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
There is some issue, try later
By Proceeding, you agree T&C*
Akanksha Power IPO FAQs
What is the minimum lot size and investment required for the Akanksha Power and Infrastructure IPO?
The minimum lot size of Akanksha Power IPO is 2000 shares and the investment required is ₹1,04,000.
What is the price band of Akanksha Power IPO?
The price for Akanksha Power IPO is ₹52 to ₹55 per share.
When does the Akanksha Power and Infrastructure IPO opens and closes?
Akanksha Power and Infrastructure IPO opens from from 27th December to 29th December 2023.
What is the size of the Akanksha Power and Infrastructure IPO?
The size of Akanksha Power IPO is ₹27.49 cr.
What is the allotment date of the Akanksha Power and Infrastructure IPO?
The share allotment date of Akanksha Power IPO is 1st January 2024.
What is the Akanksha Power and Infrastructure IPO listing date?
The Akanksha Power IPO will be listed on 3rd January 2024.
Who are the book runners for the Akanksha Power and Infrastructure IPO?
Narnolia Financial Services Ltd is the book-running lead manager for Akanksha Power IPO.
What is the objective of the Akanksha Power IPO?
Akanksha Power and Infrastructure plans to utilize the raised capital from the IPO to:
1. To fund the working capital requirements and working expenditure requirements.
2. General corporate purposes.
3. For funding public issue expenses.
How to apply for the Akanksha Power and Infrastructure IPO?
To apply for Akanksha Power IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Akanksha Power and Infrastructure Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Akanksha Power & Infrastructure IPO
Contact Information
Akanksha Power and Infrastructure Limited
Plot No. 87/4, MIDC,
Satpur
Nashik- 422007
Phone: +91 9370345000
Email: bdm@apil.co.in
Website: https://apipl.co.in/
Akanksha Power & Infrastructure IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: akanksha.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Akanksha Power & Infrastructure IPO Lead Manager
Narnolia Financial Services Ltd
Akanksha Power IPO Related Articles
