AKANKSHA POWER AND INFRASTRUCTURE (NSE SME)
December 27, 2023 – December 29, 2023
| Price | ₹52 - ₹55 |
| Premium | ₹10 |
|---|---|
| Lot size | 2000 |
| Allotment | Jan 2, 2024 |
| Listing | Jan 3, 2024 |
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Subscription
Last updated on 29-Dec-2023 17:53:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 950000 | 36504000 | 38.43 |
| NIB | 710000 | 170140000 | 239.63 |
| RETAIL | 1658000 | 183316000 | 110.56 |
| Total | 3318000 | 389960000 | 117.53 |
| Retail Apps | 91658 | © IPO Premium | |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 110000 | 829 |
| HNI | 2 | 4000 | 220000 | 355 |
Founded in July 2008, Akanksha Power and Infrastructure Limited manufactures electrical equipment such as switchboards, transformers and vacuum contactors for institutions, industries and utilities.
The company's product portfolio includes manufacturing and supply of CT-PT, metering units, cubic automatic power correction panels (capacitor panels), fixed capacitor banks, motor control centre (MCC), power control centre (PCC), variable frequency drive (VFD) panels, thyristor switches and vacuum contactors. The company also offers energy management systems and smart energy metres (Advanced Metering Infrastructure). In addition, the company offers engineering and implementation services for turnkey electrical projects.
In addition to production and manufacturing, the company also offers services related to the distribution and management of electricity. The company's operations include setting up electrical infrastructure that includes power quality testing, site analytics, online cloud-based multiple monitoring and data analytics for better management. The company aims to reduce losses in transmission, distribution and at the user level.
The company's customer base includes Military Engineer Services, Hindustan Aeronautics Limited, Coal India Limited, HINDALCO Industries Limited, Indian Oil Corporation Limited, Ordnance Factory Board, Larson & Toubro Limited, NALCO, ABB India Private Limited, Hitachi Energy India Limited, TPCODL (Tata Power Group), Jindal Stainless Limited, National Mineral Development Corporation Limited, Steel Authority of India Limited, Thyssenkrupp Electrical Steels Limited, Kutch Copper Limited (Adani Group) and TPNODL (Tata Power Northern Odissa Distribution Limited).
The company is certified as an ISO 9001:2015 compliant organisation
The company has two manufacturing facilities in Satpur, Nashik, Maharashtra, India.
As of June 30, 2023, the company has 62 permanent employees and 387 contract employees who are paid on a daily basis.
As of June 30, 2023, Odisha contributed 34.61% to the company's total revenue, while Maharashtra, Chhattisgarh, Karnataka and Gujrat contributed 8.77%, 0.10%, 3.19% and 1.30%, respectively.
Akanksha Power and Infrastructure IPO Details
| Issue Size | 4,998,000 shares (aggregating up to ₹27.49 Cr) |
| Fresh Issue | 4,998,000 shares (aggregating up to ₹27.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,260,200 |
| Share holding post issue | 16,258,200 |
| Market Maker portion | 260,000 shares Nikunj Stock Brokers Ss Corporate Securities |
Akanksha Power and Infrastructure IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Akanksha Power and Infrastructure IPO Anchor Investors Details
Akanksha Power and Infrastructure IPO raises Rs 7.80 crore from anchor investors. Akanksha Power and Infrastructure IPO Anchor bid date is December 26, 2023.
| Bid Date | December 26, 2023 |
| Shares Offered | 1,418,000 |
| Anchor Portion Size (In Cr.) | 7.80 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 15, 2024 |
Akanksha Power and Infrastructure IPO Lead Manager(s)
- Narnolia Financial Services Ltd
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 24.02 |
| Post P/E (x) | 35.72 |
| Market Cap (₹ Cr.) | 101.85 |
| ROE | 18.20% |
| ROCE | 22.75% |
| Debt/Equity | 0.96 |
| EPS (Rs) | 2.29 |
| RoNW | 18.20% |
Company Financials
Akanksha Power and Infrastructure Limited Financial Information (Restated)
Akanksha Power and Infrastructure Limited's revenue decreased by -10.8% and profit after tax (PAT) rose by 20.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Jun 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 5,530.82 | 4,762.65 | 3,838.92 | 3,781.19 |
| Revenue | 1,027.27 | 4,644.03 | 5,206.50 | 7,441.05 |
| Profit | 71.06 | 290.50 | 240.92 | 392.12 |
| Net Worth | 2,074.75 | 1,595.94 | 1,305.42 | 1,064.50 |
| Reserves | 722.70 | 1,414.44 | 1,123.92 | 883.00 |
| Borrowing | 1,722.62 | 1,527.68 | 1,055.03 | 891.47 |
| Amount in ₹ Lakhs | ||||
Strength
Weakness
Lead Manager(s)
Address
Akanksha Power and Infrastructure Limited
Plot No. 87/4
MIDC, Satpur,
Nashik- 422007,
Phone: +91 9370345000
Email: bdm@apil.co.in
Website: https://www.apil.co.in/