Akanksha Power and Infrastructure Limited is engaged in the business of manufacturing of electric equipments, including electrical panels, instrument transformers, and vacuum contactors, catering to consumers from institutions, industries, electricity
transmission and distribution utilities.
The company is also engaged in managing electrical distribution network for the distribution companies (“DISCOMs”).
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.
Further, the Company is also engaged in turnkey projects which involves supply, installation, erection, commissioning, and maintenance of electrical infrastructure up to 33 KV, managing greenfield LED streetlight and technical operation and maintenance of one of the electrical division in 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 is certified as an ISO 9001:2015 compliant organisation.
As of June 30, 2023, the company has 62 permanent employees and 387 contract employees who are paid on a daily basis.
Akanksha Power and Infrastructure IPO – Details
| IPO Opening Date | 27 December 2023 |
| IPO Closing Date | 29 December 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 49,98,000 Shares Worth ₹27.49 Crore Fresh Issue: 49,98,000 Shares Worth ₹27.49 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹52 – ₹55 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Akanksha Power and Infrastructure IPO – Date Schedule
| IPO Open Date | 27 December 2023 |
| IPO Close Date | 29 December 2023 |
| Basis of Allotment | 01 January 2024 |
| Initiation of Refund | 02 January 2024 |
| Credit of Shares to Demat Account | 02 January 2024 |
| IPO Listing Date | 03 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Dec 29, 2023 |
Akanksha Power and Infrastructure IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,10,000 |
| Retail (Maximum) | 1 | 2000 | 1,10,000 |
| HNI (Minimum) | 2 | 4000 | 2,20,000 |
Competitive Strengths
- Good track record;
- Government support to power sector and electric equipment industry;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with their consumers;
- Quality assurance and control.
Company Promoters
- Mr. Bipin Bihari Das Mohapatra
- Ms. Chaitali Bipin Dasmohapatra
Object 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2020 | 20.74 | 19.50 | 0.80 | 7.67 |
| 31 March 2021 | 74.41 | 68.91 | 3.92 | 8.91 |
| 31 March 2022 | 52.06 | 48.62 | 2.41 | 10.55 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 24.02 |
| ROE | 18.20% |
| ROCE | 22.75% |
| Debt/Equity | 0.96 |
| EPS (Rs) | 2.29 |
| RoNW | 18.20% |
Akanksha Power and Infrastructure IPO Promoter Holding
| Pre Issue Share Holding | 83.28% |
| Post Issue Share Holding | 60.81% |
Akanksha Power and Infrastructure IPO Prospectus
Company Contact Information
| Akanksha Power and Infrastructure Limited Plot No. 87/4, MIDC, Satpur Nashik- 422007 Phone: +91 9370345000 Email: bdm@apil.co.in Website: https://apipl.co.in/ |
Akanksha Power and Infrastructure IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: akanksha.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
Akanksha Power and Infrastructure IPO Lead Manager(s)
| 1. Narnolia Financial Services Ltd |
Akanksha Power and Infrastructure IPO FAQs
| What is Akanksha Power and Infrastructure IPO? Akanksha Power and Infrastructure IPO is a SME IPO. The issue is priced at ₹52 – ₹55 per equity share. The IPO is to be listed on NSE SME. |
| When Akanksha Power and Infrastructure IPO will open? The IPO is to open on 27 December 2023 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to 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 5 Paisa? Log in to 5 Paisa 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 5 Paisa. |
| How to Apply the Akanksha Power and Infrastructure IPO through Edelweiss? Log in to Angle One 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 Edelweiss. |
| 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 – ₹55. |
| What is Akanksha Power and Infrastructure IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,10,000 amount while the maximum bid is 2000 shares with ₹1,10,000. |
| What is the Akanksha Power and Infrastructure IPO Allotment Date? Akanksha Power and Infrastructure IPO allotment date is 01 January 2023. |
| What is the Akanksha Power and Infrastructure IPO Listing Date? Akanksha Power and Infrastructure IPO listing date is 03 January 2023. The IPO is to list on NSE SME. |
