Akanksha Power IPO Subscription Status – IPO Closed

Akanksha Power IPO subscription status started on Wednesday, December 27, 2023 and will close on December 29, 2023. Akanksha Power IPO to raise around ₹27.49 crores via IPO. The retail quota is 35%, QIB is 50% and NII is 15%. The price band is fixed at ₹52 to ₹55 per equity share.

Akanksha Power and Infrastructure IPO

The Akanksha Power IPO minimum market lot is 2000 with ₹110,000 application amount. The IPO is a NSE SME IPO, and it will list on NSE.

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. 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.

IPOWatch View

We recommend investors may apply an IPO with Long Term View. Investors should also look at the QIB, NII, and Retail numbers before investing.

Akanksha Power IPO Subscription Status – Day 3

CategoryIPO Subscription Numbers
QIB38.51
NII238.60
RII110.43
Total117.38

Akanksha Power IPO Investor Categories

  • Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
  • Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
  • Retail Individual Investors (RII): Retail Individual Investors or NRIs
  • Employee (EMP): Eligible Employees
  • Others: Eligible Shareholders

Akanksha Power IPO Review

  • May Apply

Akanksha Power IPO Form

How to apply for the Akanksha Power IPO? You can apply for Akanksha Power 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 IPO in the Invest section. The other option is you can apply for Akanksha Power IPO via IPO forms downloaded via NSE. Check out the Akanksha Power IPO forms – Click NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

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