Akanksha Power IPO Date, Review, Price, Allotment Details

Akanksha Power and Infrastructure IPO Details: Akanksha Power and Infrastructure IPO date is not fixed, The IPO will open on December 27 and will close on December 29. Akanksha Power and Infrastructure is an NSE SME IPO to raise ₹27.49 crores via IPO. The Akanksha Power and Infrastructure IPO price band is fixed at ₹52 to ₹55 with a market lot of 2000 shares.

Akanksha Power and Infrastructure IPO

Table of Contents

Akanksha Power and Infrastructure 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 has two (2) manufacturing plants, to manufacture the products with emphasis on quality and performance.


The Company is an ISO 9001:2015 certified organization engaged in the business of Design, Manufacturing and Supply of CT-PT, Metering Units and Cubical, Automatic power correction panel (Capacitor Panel), fixed capacitor banks, Motor Control Centre (MCC), Power Control Centre (PCC), Variable Frequency Drive (VFD) Panels, Thyristor switches and Vacuum contactors, Energy Management System and Smart Energy Meters (Advanced Metering Infrastructure), in addition to engineering and execution of electrical turnkey projects.

In addition to production and manufacturing, they are also providing services related to the distribution and management of electricity our operation includes the establishment of electrical infrastructure which involves power quality audit, site analysis, online cloud-based multiple monitoring, and data analysis for better management to reduce losses in Transmission, Distribution and User level. They are also engaged in managing electrical distribution networks for the distribution companies (DISCOMs).


Objects of the Issue:

  • To meet the Capital Expenditure Requirement of the Company.
  • To meet the Working Capital requirements of the Company.
  • To meet the General Corporate Purposes.
  • To meet the Issue Expenses.

Akanksha Power and Infrastructure IPO Review

  • May Apply

Akanksha Power IPO Date & Price Band Details

IPO Open:December 27, 2023
IPO Close:December 29, 2023
IPO Size:Approx ₹27.49 Crores, 4,998,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹52 to ₹55 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:35% of the net offer
QIB Quota:50% of the net offer
NII Quota:15% of the net offer
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors in IPO:Click Here

Akanksha Power IPO Market Lot

The Akanksha Power and Infrastructure IPO minimum market lot is 2000 shares with a ₹110,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹110,000
Retail Maximum12000₹110,000
S-HNI Minimum24000₹220,000

Akanksha Power IPO Dates

The Akanksha Power and Infrastructure IPO date is December 27 and the IPO close date is December 29. The IPO allotment date is January 1 and the IPO might list on January 3.

IPO Open Date:December 27, 2023
IPO Close Date:December 29, 2023
Basis of Allotment:January 1, 2024
Refunds:January 2, 2024
Credit to Demat Account:January 2, 2024
IPO Listing Date:January 3, 2024

You can check IPO subscription status and IPO allotment status on their respective pages.

Akanksha Power IPO Form

How to apply Akanksha Power and Infrastructure IPO? You can apply Akanksha Power and Infrastructure IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Akanksha Power and Infrastructure IPO in the Invest section. The other option you can apply Akanksha Power and Infrastructure IPO via IPO forms download via the NSE website. Check out the Akanksha Power and Infrastructure forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.


Akanksha Power Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹74.41₹68.91₹3.92
2022₹52.07₹48.62₹2.41
2023₹46.44₹42.40₹2.91
2024 3M₹10.27₹9.32₹0.71

Akanksha Power IPO Valuation – FY2023

Check Akanksha Power and Infrastructure IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹2.29 per Equity Share
Price/Earning P/E Ratio:NA
Return on Net Worth (RoNW):18.20%
Net Asset Value (NAV):₹87.93 per Equity Share

Peer Group

  • HPL Electric & Power Limited
  • Genus Power Infrastructure Limited
  • Cospower Engineering Limited

Company Promoters

  • Mr. Bipin Bihari Das Mohapatra
  • Ms. Chaitali Bipin Dasmohapatra

Akanksha Power IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Akanksha Power IPO Allotment Status

Check Akanksha Power and Infrastructure IPO allotment status on Link Intime website URL. Click Here

Akanksha Power IPO Lead Managers aka Merchant Bankers

  • Narnolia Financial Services Ltd

Company Address

Akanksha Power and Infrastructure Limited
Plot No. 87/4
MIDC, Satpur,
Nashik- 422007,
Phone: +91 9370345000
Email: [email protected]
Websitehttps://www.apil.co.in/

Akanksha Power and Infrastructure IPO FAQs


What is Akanksha Power and Infrastructure IPO?

Akanksha Power and Infrastructure IPO is an NSE SME IPO. They are going to raise ₹27.49 Crores via IPO. The issue is priced at ₹52 to ₹55 per equity share. The IPO is to be listed on NSE.

When Akanksha Power and Infrastructure IPO will open?

The IPO is to open on December 27, 2023 for QIB, NII, and Retail Investors.

What is Akanksha Power and Infrastructure IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Akanksha Power and Infrastructure IPO?

You can apply Akanksha Power and Infrastructure IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Akanksha Power and Infrastructure IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Akanksha Power and Infrastructure”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Akanksha Power and Infrastructure IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Akanksha Power and Infrastructure”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Akanksha Power and Infrastructure IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Akanksha Power and Infrastructure”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Akanksha Power and Infrastructure IPO Size?

Akanksha Power and Infrastructure IPO size is ₹27.49 crores.

What is Akanksha Power and Infrastructure IPO Price Band?

Akanksha Power and Infrastructure IPO Price Band is ₹52 to ₹55 per equity share.

What is Akanksha Power and Infrastructure IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹110,000.

What is Akanksha Power and Infrastructure IPO Allotment Date?

Akanksha Power and Infrastructure IPO allotment date is January 1, 2024.

What is Akanksha Power and Infrastructure IPO Listing Date?

Akanksha Power and Infrastructure IPO listing date is January 3, 2024. The IPO to list on NSE SME.

Note: The Akanksha Power and Infrastructure IPO details are not announced officially. The IPO grey market premium (Akanksha Power and Infrastructure IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)
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