Aakash Exploration Services Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

17 Apr 2018

Close Date

19 Apr 2018

Allotment

24 Apr 2018

Listing Date

27 Apr 2018

Exchange

NSE SME

Price Band

₹56

Listing Price

See chart

Allotment Status

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Price Band

₹56

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

18,00,000 shares (aggregating up to ₹10.08 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹112,000

1 lot

Pre-IPO Holding

49,50,000 shares

Promoters

Post-IPO Holding

67,50,000 shares

Promoters

UPI Deadline

2018-04-19

Mandate

Anchor AllotmentMon, 16 Apr 2018

Basis of AllotmentTue, 24 Apr 2018

Refund InitiationWed, 25 Apr 2018

Demat CreditThu, 26 Apr 2018

Listing DayFri, 27 Apr 2018

UPI Mandate Deadline2018-04-19

Sale TypeFresh Capital

Net Offer to Public17,10,000 shares (aggregating up to ₹9.58 Cr)

Market Maker Quota90,000 shares (aggregating up to ₹0.5040 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Aakash Exploration Services Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 19 Apr 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	90,000	—	₹0.50
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,800,000	100%	₹10.08

IPO Shares Offered

Aakash Exploration Services Ltd. IPO total issue size: ₹10.08 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	90,000	₹0.50	5.00%
Total	1,800,000	₹10.08	100.00%

* Based on upper price band ₹56 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹56.00

Upper Band

Min Investment

₹112,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹224,000
Retail (Max — 13 Lots)	13	26,000	₹1,456,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,568,000
B-HNI (Min — 68 Lots)	68	136,000	₹7,616,000

* Issue Price ₹56 × Lot Size 2,000 shares

IPO Schedule

Anchor

16 Apr 2018

✓ Done

IPO Open

17 Apr 2018

✓ Done

IPO Close

19 Apr 2018

✓ Done

Allotment

24 Apr 2018

✓ Done

Refunds

25 Apr 2018

✓ Done

Demat Credit

26 Apr 2018

✓ Done

Listing Day

27 Apr 2018

✓ Done

₹56.00

INR · NSE

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Issue ₹56.00 Live Price

About Aakash Exploration Services Ltd.

Incorporated in 2007, Gujarat based Aakash Exploration Services Limited is a company engaged in providing services for Oil and Gas Exploration.The company is an ISO 9001 14001 and OHSAS 18001 certified company. It provides Mobile Work Over Rigs, Hot Oil Circulation Unit, Air Compressor, Mobile Steaming Unit (Boiler), Mobile Pumping Unit, Crane, Manpower Services, SRP Unit supply and Maintenance and other similar Services.Aakash Exploration is providing Oil and Gas field Services to M/S Oil & Natural Gas Corporation Ltd (A Govt. of India Company), Ahmedabad, Mehsana and Hazira Projects and also providing similar services to private oil field operators namely GSPCL, Cairn, Essar, Great Eastern Energy, IOC, Niko, OIL, Price Petroleum etc to their extreme satisfaction. Aakash Exploration Services Limited is a national group of Oil and Gas Field Services with a staff of more than 250 employees and operating in more than 7 states of India.

Objects of the Issue

1 Payment of Cash Credit Facilities

2 Repayment of Unsecured Loans

3 Working Capital Requirement

4 General Corporate Purpose

Aakash Exploration Services Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹2,345.2

31-Mar-15

₹2,563.3

31-Mar-16

₹3,380.3

31-Mar-17

Profit After Tax (PAT)

₹101.4

31-Mar-15

₹44.3

31-Mar-16

₹110.0

31-Mar-17

Particulars	31-Mar-17	31-Mar-16	31-Mar-15
Revenue from Operations	3380.30	2563.31	2345.20
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	110.02	44.32	101.44
Net Worth	N/A	N/A	N/A
Total Assets	3382.38	3131.06	2549.24
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered18,00,000 (100.00%)

Net Offer to Public17,10,000 shares (aggregating up to ₹9.58 Cr)

Reserved for Market Maker90,000 shares (aggregating up to ₹0.5040 Cr)

Pre-Issue Promoter Holding49,50,000 shares

Post-Issue Promoter Holding67,50,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

virenr@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Monarch Networth Capital Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Aakash Exploration Services Ltd. IPO subscribed? ▲

Aakash Exploration Services Ltd. IPO is subscribed 1.00 times by Apr 19, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Aakash Exploration Services Ltd. IPO retail subscription status? ▼

The Aakash Exploration Services Ltd. IPO retail category is subscribed 1.00 times as of 19 Apr 2018. The retail portion is oversubscribed.

How to subscribe Aakash Exploration Services Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 17 Apr 2018 and closes 19 Apr 2018. Min investment: ₹112,000 (1 lot = 2,000 shares). UPI mandate: 2018-04-19.

How many times Aakash Exploration Services Ltd. IPO subscribed? ▼

The Aakash Exploration Services Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Aakash Exploration Services Ltd. IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 24 Apr 2018. Refunds: on 25 Apr 2018.

When Aakash Exploration Services Ltd. IPO will be listed? ▼

The Aakash Exploration Services Ltd. IPO listing date is 27 Apr 2018, Friday. Listed on: NSE SME. Issue price: ₹56. Estimated listing: ₹56. GMP: NIL.

When Aakash Exploration Services Ltd. IPO close? ▼

The Aakash Exploration Services Ltd. IPO closes on 19 Apr 2018, Thursday. UPI mandate: 2018-04-19. Allotment: 24 Apr 2018. Listing: 27 Apr 2018.

Quick Actions

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Live Price LIVE

Last Price₹56.00

Change—

Issue Price₹56.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹56

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹112,000

GMPNIL

Est. Listing₹56

Subscribed1.00x

Open Date17 Apr 2018

Close Date19 Apr 2018

Allotment24 Apr 2018

Listing Date27 Apr 2018

ExchangeNSE SME

UPI Deadline2018-04-19