Akanksha Power and Infrastructure Limited

Company Profile
Company Name Akanksha Power and Infrastructure Limited
Open Date 27-12-2023
Close Date 29-12-2023
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹52 to ₹55 per share
Issue Size 4,998,000 shares
Application Amount ₹ 1,10,000
Recommendation Avoid
Akanksha Power and Infrastructure Limited was originally incorporated in the year 2008 and has its registered office in Nashik, Maharashtra, India.The company is engaged in the business of manufacturing electric equipment, including electrical panels, instrument transformers, and vacuum contactors, catering to consumers from institutions, industries and electricity transmission and distribution utilities.The company is also engaged in managing the electrical distribution network for the distribution companies.The company has two (2) manufacturing plants, to manufacture the products with emphasis on quality and performance.As of 30th June 2023, the Company had 439 employees on its payroll out of which 377 are contractual employees, and 62 are permanent employees.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 3,781.19 3,838.93 4,762.65 5,530.82
Net Assets 1,064.50 1,305.42 1,595.94 2,074.75
Total Borrowings 891.47 1.055.03 1,527.68 1,722.62
Total Revenue 7,441.05 5,206.50 4,644.03 1,027.27
Profit After Tax 392.13 240.92 290.51 71.06

Tentative Timeline

Opening Date 27-12-2023
Closing Date 29-12-2023
Basis of Allotment 01-01-2024
Initiation of Refunds 02-01-2024
Credit of Shares to Demat 02-01-2024
Listing Date 03-01-2024

Objects of the Issue

To meet Working Capital Requirements.
To meet the Capital Expenditure.
To meet Issue Expenses.
General Corporate Purpose.

Contact Information

Registered Office Akanksha Power and Infrastructure Limited Plot No. 87/4 MIDC, Satpur, Nashik- 422007,
Phone +91 9370345000
Email bdm@apil.co.in
Website https://www.apil.co.in/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email akanksha.ipo@linkintime.co.in
Website https://linkintime.co.in/mipo/ipoallotment.html

IPO Reservation

QIB 18.97%
NII 14.25%
RII 33.21%
Anchor investors 28.37%

Shareholding Pattern

Share Holding Pre Issue 83.28%
Share Holding Post Issue 60.81%

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