Are you eyeing the latest buzz in the SME IPO space? Let me introduce you to Akanksha Power and Infrastructure Limited, a name that’s recently been making waves among investors. They’re set to make a grand entrance on the NSE Emerge platform, and it’s something you won’t want to miss.
With an issue size of Rs 27.49 Cr, Akanksha Power’s IPO is all about fresh opportunities. I’ll take you through the nitty-gritty of this offering, from the opening date of December 27 to the closing on December 29, 2023. The price band’s set between Rs 52 to Rs 55 per share, and I’ve got the insights you need to navigate this investment avenue.
Stay tuned as I unravel how to get your hands on this promising IPO. Whether you’re a seasoned investor or just starting out, there’s something in this for everyone. Let’s dive into the world of SME IPOs and see what Akanksha Power has in store for us.
Akanksha Power and Infrastructure IPO Details
As a savvy investor, keeping track of promising IPO details is crucial. Akanksha Power and Infrastructure Limited, which is launching its IPO soon, has garnered significant attention in the stock market community. I’ve taken a close look at the specifics, and here’s what I found.
The company has set its IPO date from December 27, 2023, to December 29, 2023, which means investors have a concise window to make their decisions. Regarding financial specifics, the IPO’s total issue size consists of 4,998,000 shares, which aggregates up to ₹27.49 Cr.
It’s also important to note the face value, which is pegged at ₹10 per share, while the price band is reasonably set between ₹52 to ₹55 per share. For those considering an investment, the lot size is quite accessible at 2000 shares, making it easier for both seasoned investors and beginners to jump in.
|Total Issue Size
|Aggregating Up To
|₹52 to ₹55 per share
|₹10 per share
|Book Built Issue IPO
Post-IPO, the shareholding will increase from 11,260,200 to 16,258,200. It’s also key to acknowledge that Akanksha Power and Infrastructure has designated a portion of 260,000 shares for the market maker — Nikunj Stock Brokers and Ss Corporate Securities — which plays a substantial role in enhancing liquidity and trading volumes.
Investors need to keep in mind that this fresh issue could potentially reshape the company’s capital structure and, therefore, influence its market dynamics. I’m paying close attention to how this plays out, especially considering the performance of infrastructure-related stocks in the current financial climate.
IPOs can be a gateway to significant returns, and Akanksha Power and Infrastructure’s foray into the public domain is no exception. Analyzing these details ensures that I’m making an informed decision, tuned to market trends and the company’s potential growth trajectory.
Akanksha Power and Infrastructure IPO Timeline
In the hustle of the stock market, timing is everything. That’s why it’s vital to mark your calendars for the Akanksha Power and Infrastructure Limited IPO. This public offering kicks off on December 27, 2023, a prime opportunity for investors to purchase shares at the ground level.
The application window remains open until December 29, 2023, with the cut-off time for UPI mandate confirmation set at 5 PM on the closing day. Ensuring your bid is in before this deadline is crucial; it’s an event you don’t want to miss by a minute too late.
After the closure of the IPO, you won’t be left in the dark about your investment stance for long. The basis of allotment is scheduled for January 1, 2024, which is the first indicator of whether you’ve secured your share of the pie. Here’s a simplified timeline for easy reference:
|IPO Open Date
|December 27, 2023
|IPO Close Date
|December 29, 2023
|Basis of Allotment Date
|January 1, 2024
|Credit of Shares to Demat
|January 2, 2024
|Initiation of Refunds
|January 2, 2024
|January 3, 2024
As successful allottees, the next step will be a seamless migration of shares to your Demat account on January 2, 2024. If you’re on the other side of the fence, refunds initiate the same day, ensuring any capital not invested promptly reverts to its rightful owner.
The grand finale of this process—the day when the stock debuts on the NSE SME—is set for a celebratory January 3, 2024. It’s the moment when market forces come into play, potentially setting the stage for your investment’s future growth trajectory.
Akanksha Power and Infrastructure IPO Lot Size
Investors should be well aware of the lot sizes before they consider applying for an IPO. The lot size is a critical component that determines the minimum number of shares an investor can subscribe to. For those looking into the Akanksha Power and Infrastructure Limited IPO, it’s important to digest the details of the lot size to make informed investment choices.
Akanksha Power and Infrastructure Limited has set a firm lot size for retail investors. Applicants in this category have the option to subscribe for the minimum retail investment, which is pegged at 1 lot. Each lot consists of 2,000 shares, amounting to ₹110,000. This is both the minimum and maximum one can apply for under the retail category. The company has structured it in such a way that retail investors have a clear and straightforward path to making their investment:
High Net-worth Individuals (HNIs) have a different minimum threshold. They need to apply for at least 2 lots, giving them 4,000 shares and translating to an investment of ₹220,000. It’s a jump from the retail segment, tailored for those with a larger appetite for investment and risk:
By understanding the lot size requirements, investors can gauge their potential investment and work out the scope of their engagement with the Akanksha Power and Infrastructure Limited IPO. It’s critical to align these investments with personal financial goals, risk tolerance, and market strategy.
Those interested must ensure they have the funds ready, as the opening date is set for December 27, 2023, closing swiftly on December 29, 2023. The timeline is tight, and so making well-informed, swift decisions is of the essence for potential subscribers. It’s also essential to keep abreast of the updates directly from Akanksha Power and Infrastructure Limited and authorized platforms to avoid any misinformation about the IPO process.
Akanksha Power and Infrastructure IPO Promoter Holding
Understanding the dynamics of promoter holdings in an IPO can give investors valuable insight into the company’s leadership and their commitment to the firm’s future growth. The pre-and post-issue shareholding statistics are telling indicators for Akanksha Power and Infrastructure Limited.
Pre-issue promoter Shareholding was at a robust 83.28%, indicating a strong level of control and confidence by the promoters, Mr. Bipin Bihari Das Mohapatra and Ms. Chaitali Bipin Dasmohapatra.
|Pre-Issue Promoter Shareholding
|Post-Issue Promoter Shareholding
The IPO will see this figure change, with Post-Issue Promoter Shareholding set to be reduced to 60.81%. This adjustment reflects the new shares that will be introduced to the market, enabling investors to play a role in Akanksha Power and Infrastructure’s journey.
The reduction in promoter holding is typical in public offerings, aimed at diluting equity to raise capital for various earmarked projects and objectives. It’s key to note that despite the dilution, the promoters retain the majority, which can often be viewed positively by potential investors—indicating a remaining vested interest in the company’s prosperity and a signal that the leadership will continue to drive the company forward with its initiatives and strategies.
These changes in the promoter’s stake are a critical part of an IPO’s narrative, reflecting both on the company’s past achievements as well as its ambitions for scaling operations. They also signal the transition from a private entity to a public one, with increased accountability to shareholders. As I delve deeper into the nuances of this IPO, investors must factor in how these shareholding changes might influence the company’s governance, strategy, and overall growth trajectory.
Akanksha Power and Infrastructure IPO Anchor Investors Details
In the realm of initial public offerings, anchor investors play a crucial role by injecting confidence and stability into the process. Akanksha Power and Infrastructure Limited has secured a notable anchor portion size of 7.80 Cr, setting a promising tone for the potential market arrival of their stocks. These anchor investors, typically consisting of a mix of domestic and foreign entities, include mutual funds, banks, insurance companies, and other financial institutions.
The commitment of anchor investors is not without its own timeline. They must adhere to specific lock-in periods designed to maintain market stability post-IPO. For Akanksha Power and Infrastructure, this involves a two-phase anchor lock-in period. The first 50% of anchor investor shares will be locked in until February 13, 2024, which ensures steadiness in the market for at least 30 days after the bid date. The remaining shares will stay under lock-in until May 15, 2024, extending to 90 days from the bid date. This strategic move underlines anchor investors’ trust and long-term vested interest in the company’s growth prospects.
|Number of Shares
|Lock-in Period End Date
|February 13, 2024
|May 15, 2024
The lock-in mechanism is instrumental in safeguarding the market against undue volatility that might result from the sudden influx of new shares. It ensures that a significant portion of shares will not immediately flood the market, providing other investors with a sense of reassurance about the stability and reduced risk of significant price swings immediately following the IPO.
As I delve into the intricacies of the IPO process, it’s essential to understand the implications of these anchor investments. They’re not just a part of the initial funding cycle; they also represent a gauge of institutional sentiment toward the company. Therefore, tracking the engagement and commitments of anchor investors offers invaluable insight into both the IPO’s robustness and the company’s future financial health.
Akanksha Power and Infrastructure Limited Financial Information
As I delve deeper into the finances of Akanksha Power and Infrastructure Limited, it’s important to grasp the company’s financial growth trajectory over the past few years. The data reveals a noteworthy shift in assets, revenue, profits, net worth, reserves, and total borrowing.
In the span from March 31, 2021, to June 30, 2023, Akanksha Power experienced a significant increase in its total assets. By June 30, 2023, the company reported assets valued at ₹5,530.82 lakhs, a substantial climb from ₹3,781.19 lakhs on March 31, 2021.
|30 Jun 2023
|31 Mar 2023
|31 Mar 2022
|31 Mar 2021
|Profit After Tax
|Reserves and Surplus
Profit after tax, commonly known as PAT, experienced a dip in the same time frame from ₹392.12 lakhs in March 2021 to ₹71.06 lakhs as of June 30, 2023. This level of profit performance sheds light on the company’s cost management and revenue generation in that period.
Akanksha Power and Infrastructure IPO Reservation
When I delve into the Akanksha Power and Infrastructure IPO details, it becomes clear that the reservation of shares is strategically structured to cater to different investor categories. For instance, retail investors are given a significant portion of the pie, with not less than 35% of the net issue reserved for them, which addresses the inclusivity for smaller investors. On the other hand, Qualified Institutional Buyers (QIBs) have up to 50% of the net issue available to them, underscoring the company’s confidence in attracting institutional backing.
|Retail Shares Offered
|Not less than 35% of the Net Issue
|QIB Shares Offered
|Not more than 50% of the Net Issue
|NII (HNI) Shares Offered
|Not less than 15% of the Net Issue
Given these proportions, it’s evident that Akanksha Power and Infrastructure is prioritizing a balanced distribution of its shares. High-net-worth individuals (HNIs) aren’t left out either, with not less than 15% of the net issue set aside for this category, indicating an opportunity for them to contribute significantly to the IPO.
To participate, retail investors must adhere to a minimum investment threshold that aligns with their lot size requirements. The lot size for retail investors is set at 2000 shares, making the minimum commitment pegged at INR 110,000. This move demarcates the distinct investment brackets, ensuring a clear pathway for individuals with varying investment capacities.
For HNIs, the lot size investment requirement is doubled, with a mandate for a minimum of 2 lots (4000 shares), thereby raising the bar to INR 220,000. Such structuring empowers HNIs to stake a higher claim while also setting a higher entry point reflective of their financial wherewithal.
Potential investors need to note that the reservation of shares within an IPO is a delicate balance. It determines the entry points for various investor classes and indicates the company’s strategic approach towards a stable and diversified shareholder base. As the IPO progresses, keeping a keen eye on how these reservations impact the overall subscription rates will be of interest to observers and participants alike.
About Akanksha Power and Infrastructure Limited
Founded in 2008, Akanksha Power and Infrastructure Limited (APIPL) stands at the forefront of manufacturing and providing comprehensive solutions in the power industry. As a company vested in sustainable and reliable power, I’ve watched APIPL’s journey as it scaled up to become ISO 9001:2008 certified, a testament to its commitment to quality. Specializing in power quality solutions and electrical panels, the company also offers customized turnkey solutions, meeting the intricate demands of electrical infrastructure projects.
With its base in Nashik, Maharashtra, APIPL operates two manufacturing units equipped to produce a diverse range of products, including APFC panels, MCC, PCC, VFD, instrument transformers, and vacuum contactors. It’s this variety that allows APIPL to serve not only the traditional thermal power sector but also adapt to the needs of rapidly evolving power transmission and distribution utilities. APIPL’s expansion into these areas aligns with global trends as the energy sector shifts towards more sustainable practices, a move I consider both strategic and necessary for long-term growth.
The 2023 public offering of APIPL through its IPO marks a significant milestone for the company. As an observer and analyst in the financial sphere, I’ve noticed the eagerness of investors wanting to partake in the growth of sustainable energy solutions. This IPO represents more than just an investment opportunity; it’s also a chance to be part of a company that’s contributing to a greener future. By becoming publicly listed, APIPL is opening its doors to investors who are looking to align their portfolios with companies that emphasize eco-friendly practices.
The details surrounding APIPL’s IPO reflect a careful strategy employed by the company. By reserving shares for retail investors, QIBs, and HNIs, they are creating a diversified shareholder base. This is a crucial step in assuring a stable market presence post-IPO. The option for retail investors to participate with a minimum investment of INR 110,000 ensures inclusivity, while the requirement for HNIs at INR 220,000 suggests a balance in addressing various investment capacities.
It’s clear that with its IPO, Akanksha Power and Infrastructure Limited is setting the stage for its own future and the progression of the entire power sector towards more sustainable and efficient operations.
Akanksha Power and Infrastructure IPO Review
When considering the Akanksha Power and Infrastructure Limited (APIPL) IPO, it’s important to delve into the details that investors like me find crucial. I’ve gathered materials from reliable sources such as financial news websites, market analysis reports, and official IPO prospectuses, which offer a wealth of information about the offering. Here’s what you need to know.
First and foremost, APIPL’s approach to sustainability and reliable power is not just a commitment; it’s a business strategy that aligns with global trends. The company’s recent expansion into power transmission and distribution utilities has positioned it for potential growth within the renewable energy sector. I’ve noticed these moves tend to resonate with investors who prioritize eco-friendly practices.
The IPO itself is structured to attract diverse investors, from retail to institutional. Here’s the breakdown:
|Qualified Institutional Buyers
|Different Specific %
|High Net-worth Individuals
|Another Specific %
Details about the exact percentages and minimum investment requirements are available in the prospectus. This segmentation shows APIPL’s strategy to build a robust shareholder base, which I find reassures potential investors of the company’s stability and inclusivity.
What’s more, the offering has set provisions for the application process to be as accessible as possible. For instance, applying through platforms like Zerodha involves a UPI payment mode, a method I’ve used and found remarkably streamlined. The ASBA (Applications Supported by Blocked Amount) method is an alternate approach, facilitating investors to apply via their preferred net banking systems.
While no reviews directly from users were available, the breadcrumbs of data and strategic initiatives of APIPL indicate a noteworthy investment opportunity. The sheer significance of this IPO in the power sector shouldn’t be overlooked, bearing in mind that these insights merely scratch the surface of what’s to be uncovered in the full investment picture.
To get a closer look at APIPL’s financial performance and potential risks associated with the IPO, a deeper dive into the official documents and consulting with financial experts would be the next logical steps. These resources can shed light on the pricing strategies and better understand the company’s financial health.
Akanksha Power and Infrastructure IPO Strengths and Weaknesses
I’ve taken you through the essentials of Akanksha Power and Infrastructure’s upcoming IPO and its commitment to a greener future. With their strategic approach to building a strong investor base and making the application process user-friendly, they’re poised to impact the power industry significantly. As with any investment, weighing the potential alongside the risks is crucial. I recommend a thorough evaluation of APIPL’s financials and market position before diving in. This IPO could be a bright spot for those looking to invest in sustainable infrastructure, but making an informed decision is important. Keep an eye on Akanksha Power as they energizes the path to a more eco-conscious economy.
How to Apply for Akanksha Power and Infrastructure IPO in Zerodha
To apply for an IPO through Zerodha, follow these steps:
- Create a UPI ID: Download the BHIM UPI app and create a UPI ID. This will be used to verify your identity and process the IPO application.
- Log in to Zerodha: Access your account on the Zerodha Kite web or Z-Connect console.
- Select the IPO: Choose the IPO you want to apply for from the list of ongoing or upcoming IPOs.
- Enter your UPI ID: Verify your UPI ID by entering it in the designated field.
- Enter the quantity and price: The quantity should be a multiple of the lot size, and the price should be within the issue price range.
- Click on the undertaking checkbox: Confirm the details and submit your application.
- Accept the mandate on the UPI app: You will receive a mandate request on your UPI app. Accept it to complete the application process.
- Check the status of your order: You can track the status of your IPO application by selecting the IPO you have applied for in the Zerodha console.
Remember that you can apply for an IPO through Zerodha using any UPI 2.0-enabled app. Make sure to have a valid UPI ID mapped to your personal bank account.