Akanksha Power and Infrastructure (NSE SME)
Jan 1, 2023 - Jan 3, 2023
| Price | ₹40 - ₹45 |
| Premium | ₹5 |
|---|---|
| Lot size | 3000 |
| Allotment | Jan 9, 2023 |
| Listing | Jan 10, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 135000 | 0 |
| HNI | 2 | 6000 | 270000 | 0 |
Incorporated in 2008, Akanksha Power and Infrastructure Limited provides sustainable and reliable power solutions.
Akanksha Power and Infrastructure manufactures electric equipment, including electrical panels, instrument transformers, and vacuum contactors, catering to consumers from institutions, industries, and electricity transmission and distribution utilities.
Initially, from year 2008 to 2010, the company was engaged in the trading of Capacitors, which were procured from EPCOS India Private Limited, currently known as TDK Electronics.
The major commercial operation of the Company started in the year 2010, as an input-based rural power distribution franchise (DF) in Khaira Electrical Subdivision, Balasore, Odisha. In the year 2013, the Company established its manufacturing facilities and started production of APFC Panels to provide Power Quality Solutions.
Besides, the Company entered into a new sector of business, i.e., turnkey construction of Hight Tension (HT) and Low Tension (LT) electrical infrastructure including 33/11 KV Substations, Distribution Substations, etc. In the year 2016, the Company added new products like Current Transformer (CT), Potential Transformer (PT), and Residual Voltage Transformer (RVT), used to measure current and voltage in electrical systems. In 2018, the Company got the green field LED street light projects on a turnkey basis in 12 districts of Odisha.
In the year 2019, the company launched another new product - Vacuum Contactors. These contactors are used in heavy-duty applications and are designed to operate reliably even in harsh environments. Additionally, the company also introduced capacitor switches that help control power systems more efficiently.
Akanksha Power and Infrastructure has two manufacturing units both situated in Nashik, Maharashtra.
The company recorded Rs. 5,206.50 lacs, Rs. 7,441.05 Lacs, and Rs. 2,074.33 Lacs in Income in fiscal 2022, 2021, and 2020 respectively.
Akanksha Power and Infrastructure IPO Details
| Issue Size | 4,995,000 shares (aggregating up to ₹22.48 Cr) |
| Fresh Issue | 4,995,000 shares (aggregating up to ₹22.48 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,520,520 |
| Share holding post issue | 18,515,520 |
| Market Maker portion | 252,000 shares |
Akanksha Power and Infrastructure IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Company Financials
| Period | Mar 2020 | Mar 2021 | Mar 2022 | Dec 2022 |
| Assets | 1,945.31 | 3,781.19 | 3,838.92 | 4,320.69 |
| Revenue | 2,074.33 | 7,441.05 | 5,206.50 | 3,679.20 |
| Profit | 79.86 | 392.12 | 240.92 | 145.75 |
| Net Worth | 2,057.06 | 7,427.35 | 5,183.70 | 1,451.10 |
| Reserves | 490.88 | 883.00 | 1,123.92 | 1,269.60 |
| Borrowing | 767.54 | 891.47 | 1,055.03 | 1,477.63 |
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: akanksha.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html