Akanksha Power and Infrastructure Limited is set to launch its Initial Public Offering (IPO), a book-built issue valued at Rs 27.49 crores. The entire offering consists of fresh shares, totaling 49.98 lakh. The subscription period for the Akanksha Power and Infrastructure IPO is from December 27, 2023, to December 29, 2023. The allotment is anticipated to be finalized on Monday, January 1, 2024. The IPO is scheduled to list on NSE SME with a tentative listing date fixed for Wednesday, January 3, 2024.
### Key Details:
– **IPO Dates:** December 27, 2023, to December 29, 2023
– **Listing Date:** Not specified
– **Face Value:** ₹10 per share
– **Price Band:** ₹52 to ₹55 per share
– **Lot Size:** 2000 Shares
– **Total Issue Size:** 4,998,000 shares (₹27.49 Cr)
– **Fresh Issue:** 4,998,000 shares (₹27.49 Cr)
– **Issue Type:** Book Built Issue IPO
– **Listing At:** NSE SME
– **Shareholding Pre-Issue:** 83.28%
– **Shareholding Post-Issue:** 60.81%
### IPO Timeline (Tentative Schedule):
– **IPO Open Date:** December 27, 2023
– **IPO Close Date:** December 29, 2023
– **Basis of Allotment:** January 1, 2024
– **Initiation of Refunds:** January 2, 2024
– **Credit of Shares to Demat:** January 2, 2024
– **Listing Date:** January 3, 2024
– **Cut-off time for UPI mandate confirmation:** 5 PM on December 29, 2023
### Lot Size:
Investors can bid for a minimum of 2000 shares and in multiples thereof. The table below outlines the minimum and maximum investment amounts for retail investors and High Net Worth Individuals (HNI) in terms of shares and amounts.
**Application Lot Size:**
– Retail (Min): 1 Lot (2000 Shares, ₹110,000)
– Retail (Max): 1 Lot (2000 Shares, ₹110,000)
– HNI (Min): 2 Lots (4000 Shares, ₹220,000)
### IPO Promoter Holding:
The promoter of Akanksha Power and Infrastructure Limited is Mr. Bipin Bihari Das Mohapatra and Ms. Chaitali Bipin Dasmohapatra. The shareholding pre-issue is 83.28%, and post-issue is 60.81%.
### **About Akanksha Power and Infrastructure Limited:**
Founded in July 2008, Akanksha Power and Infrastructure Limited specializes in the manufacturing of electrical equipment, including switchboards, transformers, and vacuum contactors. The company caters to institutions, industries, and utilities.
**Product Portfolio:**
– 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
– Energy management systems
– Smart energy meters (Advanced Metering Infrastructure)
**Services:**
– Turnkey electrical projects
– Distribution and management of electricity infrastructure
– Power quality testing
– Site analytics
– Cloud-based monitoring and data analytics for better management
Akanksha Power and Infrastructure serves a diverse customer base, including Military Engineer Services, Hindustan Aeronautics Limited, Coal India Limited, HINDALCO Industries Limited, Indian Oil Corporation Limited, Larson & Toubro Limited, and more.
As of June 30, 2023, the company has two manufacturing facilities in Satpur, Nashik, Maharashtra, India, and employs 62 permanent employees and 387 contract employees.
### **Financial Information:**
As of June 30, 2023, the company witnessed a 10.8% decrease in revenue and a 20.58% increase in profit after tax (PAT) compared to the previous financial year ending March 31, 2022.
**Key Financial Indicators:**
– P/E (Price-to-Earnings) Ratio: 24.02
– Return on Equity (ROE): 18.20%
– Return on Capital Employed (ROCE): 22.75%
– Debt/Equity Ratio: 0.96
– Earnings Per Share (EPS): ₹2.29
– Return on Net Worth (RoNW): 18.20%
### **IPO Objectives:**
The primary objectives of the IPO are:
1. To meet the Capital Expenditure Requirement
