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Open
27 Dec 2023
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Close
29 Dec 2023
3
Allotment
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Listing
Wed, Jan 3, 2024
Price Band
₹52 to ₹55
Issue Size
49,98,000 shares (agg. up to ₹27 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, Jan 3, 2024
Latest GMP
₹10
Est. Gain
18.18%
✦ AI Insight
GMP Trend
03-01-2024₹10Est. ₹65+18.18%
02-01-2024₹10Est. ₹65+18.18%
01-01-2024₹10Est. ₹65+18.18%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 81.44x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 55.31 | 47.63 | 38.39 | 37.81 |
| Total Income | 10.27 | 46.44 | 52.07 | 74.41 |
| Profit After Tax | 0.71 | 2.91 | 2.41 | 3.92 |
| NET Worth | 20.75 | 15.96 | 13.05 | 10.65 |
| Reserves and Surplus | 7.23 | 14.14 | 11.24 | 8.83 |
| Total Borrowing | 17.23 | 15.28 | 10.55 | 8.91 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Supreme Power Equipment Ltd. | SME | ₹46.67 Cr | ₹65 | 10.69 | ₹102.90 | +58.31% | ₹217.85 (+3.00%) |
| Electro Force (India) Ltd. | SME | ₹80.68 Cr | ₹93 | 20.22 | ₹105.00 | +12.90% | ₹24.40 (+3.39%) |
| Saakshi Medtech & Panels Ltd. | SME | ₹45.16 Cr | ₹97 | 10.18 | ₹153.30 | +58.04% | ₹292.60 (-2.47%) |
| Sungarner Energies Ltd. | SME | ₹5.31 Cr | ₹83 | 13.07 | ₹262.35 | +216.08% | ₹222.50 (-4.93%) |
| Oriana Power Ltd. | SME | ₹59.66 Cr | ₹118 | 20.7 | ₹317.10 | +168.73% | ₹1,476.35 (-0.13%) |
| Rishabh Instruments Ltd. | Mainboard | ₹490.78 Cr | ₹441 | null | ₹443.15 | +0.49% | ₹659.50 (+2.44%) |
| Avalon Technologies Ltd. | Mainboard | ₹865.00 Cr | ₹436 | 55.54 | ₹398.00 | -8.72% | ₹1,767.60 (+5.24%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 5.00 |
| 2 | Working Capital Requirement | 15.00 |
| 3 | General Corporate Purposes | 2.46 |
| 4 | Issue Expenses | 5.02 |
About Akanksha Power IPO
Founded in July 2008, Akanksha Power and Infrastructure Limited manufactures electrical equipment such as switchboards, transformers and vacuum contactors for institutions, industries and utilities. The company's product portfolio includes manufacturing and supply of CT-PT, metering units, cubic automatic power correction panels (capacitor panels), fixed capacitor banks, motor control centre (MCC), power control centre (PCC), variable frequency drive (VFD) panels, thyristor switches and vacuum contactors. The company also offers energy management systems and smart energy metres (Advanced Metering Infrastructure). In addition, the company offers engineering and implementation services for turnkey electrical projects. In addition to production and manufacturing, the company also offers services related to the distribution and management of electricity. The company's operations include setting up electrical infrastructure that includes power quality testing, site analytics, online cloud-based multiple monitoring and data analytics for better management. The company aims to reduce losses in transmission, distribution and at the user level. The company's customer base includes Military
Contact Details
Akanksha Power & Infrastructure Ltd. AddressPlot No.87/4MIDC, SatpurNashik, Maharashtra, 422007+91 9370345000bdm@apil.co.inVisit Website