Akash Infra-Projects Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

28 Feb 2017

Close Date

06 Mar 2017

Allotment

12 Mar 2017

Listing Date

15 Mar 2017

Exchange

NSE SME

Price Band

₹125

Listing Price

See chart

Allotment Status

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Price Band

₹125

Per share

Face Value

₹10 per share

Lot Size

1,000 Shares

per lot

Issue Size

20,40,000 shares (aggregating up to ₹25.50 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹125,000

1 lot

Pre-IPO Holding

63,21,067 shares

Promoters

Post-IPO Holding

75,88,267 shares

Promoters

UPI Deadline

2017-03-06

Mandate

Anchor AllotmentMon, 27 Feb 2017

Basis of AllotmentSun, 12 Mar 2017

Refund InitiationMon, 13 Mar 2017

Demat CreditMon, 13 Mar 2017

Listing DayWed, 15 Mar 2017

UPI Mandate Deadline2017-03-06

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public19,32,000 shares (aggregating up to ₹24.15 Cr)

Market Maker Quota1,08,000 shares (aggregating up to ₹1.35 Cr)

Fresh Issue Shares11,59,200 shares (aggregating up to ₹14.49 Cr)

Offer for Sale7,72,800 shares of ₹10 (aggregating up to ₹9.66 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Akash Infra-Projects Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 06 Mar 2017.

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	108,000	—	₹1.35
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,040,000	100%	₹25.50

IPO Shares Offered

Akash Infra-Projects Ltd. IPO total issue size: ₹25.50 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	108,000	₹1.35	5.29%
Total	2,040,000	₹25.50	100.00%

* Based on upper price band ₹125 per share

Lot Size & Investment

Lot Size

1,000

Shares per Lot

Issue Price

₹125.00

Upper Band

Min Investment

₹125,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,000	₹250,000
Retail (Max — 13 Lots)	13	13,000	₹1,625,000
S-HNI (Min — 14 Lots)	14	14,000	₹1,750,000
B-HNI (Min — 68 Lots)	68	68,000	₹8,500,000

* Issue Price ₹125 × Lot Size 1,000 shares

IPO Schedule

Anchor

27 Feb 2017

✓ Done

IPO Open

28 Feb 2017

✓ Done

IPO Close

06 Mar 2017

✓ Done

Allotment

12 Mar 2017

✓ Done

Refunds

13 Mar 2017

✓ Done

Demat Credit

13 Mar 2017

✓ Done

Listing Day

15 Mar 2017

✓ Done

₹125.00

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Issue ₹125.00 Live Price

About Akash Infra-Projects Ltd.

Incorporated in 1999, Akash Infra-Projects Ltd (AIPL) is engaged into the business of civil construction and has undertaken various government contracts for construction of roads. It is primarily into the Construction of roads, resurfacing, widening repairs of roads and Minor bridges etc.It has proven track record of successful completion of various road projects in the state of Gujarat. It is also into the business of hospitality segment and operating and managing hotel named Pathikashram at Gandhinagar which is owned by Gujarat Government.

Objects of the Issue

Incorporated in 1999, Akash Infra-Projects Ltd (AIPL) is engaged into the business of civil construction and has undertaken various government contracts for construction of roads. It is primarily into the Construction of roads, resurfacing, widening repairs of roads and Minor bridges etc. It has proven track record of successful completion of various road projects in the state of Gujarat. It is also into the business of hospitality segment and operating and managing hotel named Pathikashram at Gandhinagar which is owned by Gujarat Government.

General Corporate Purpose

Company’s share of Issue related Expenses

Akash Infra-Projects Ltd. Financials (Amount in Rs Cr)

Revenue from Operations

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Profit After Tax (PAT)

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Particulars	FY 2024-25	FY 2023-24	FY 2022-23
Revenue from Operations	N/A	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	N/A	N/A	N/A
Net Worth	N/A	N/A	N/A
Total Assets	N/A	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Financial data will be published once DRHP/RHP is filed with SEBI.

Issue Structure & Shareholding

Total Shares Offered20,40,000 (100.00%)

Net Offer to Public19,32,000 shares (aggregating up to ₹24.15 Cr)

Reserved for Market Maker1,08,000 shares (aggregating up to ₹1.35 Cr)

Pre-Issue Promoter Holding63,21,067 shares

Post-Issue Promoter Holding75,88,267 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Purva Sharegistry (India) Pvt.Ltd

+91-022-23018261/ 23016761

purvashr@mtnl.net.in

https://www.purvashare.com/investor-service/ipo-query

Check Allotment

Book Running Lead Managers

Tipsons Consultancy Services Pvt.Ltd

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

IPO Subscription FAQs

How much Akash Infra-Projects Ltd. IPO subscribed? ▲

Akash Infra-Projects Ltd. IPO is subscribed 1.00 times by Mar 06, 2017. 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 Akash Infra-Projects Ltd. IPO retail subscription status? ▼

The Akash Infra-Projects Ltd. IPO retail category is subscribed 1.00 times as of 06 Mar 2017. The retail portion is oversubscribed.

How to subscribe Akash Infra-Projects Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 28 Feb 2017 and closes 06 Mar 2017. Min investment: ₹125,000 (1 lot = 1,000 shares). UPI mandate: 2017-03-06.

How many times Akash Infra-Projects Ltd. IPO subscribed? ▼

The Akash Infra-Projects Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Akash Infra-Projects Ltd. IPO allotment? ▼

Check allotment on the registrar website (Purva Sharegistry (India) Pvt.Ltd) at https://www.purvashare.com/investor-service/ipo-query. Enter your PAN, application number or DP/Client ID. Allotment date: 12 Mar 2017. Refunds: on 13 Mar 2017.

When Akash Infra-Projects Ltd. IPO will be listed? ▼

The Akash Infra-Projects Ltd. IPO listing date is 15 Mar 2017, Wednesday. Listed on: NSE SME. Issue price: ₹125. Estimated listing: ₹125. GMP: NIL.

When Akash Infra-Projects Ltd. IPO close? ▼

The Akash Infra-Projects Ltd. IPO closes on 06 Mar 2017, Monday. UPI mandate: 2017-03-06. Allotment: 12 Mar 2017. Listing: 15 Mar 2017.

Quick Actions

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Live Price LIVE

Last Price₹125.00

Change—

Issue Price₹125.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹125

Face Value₹10

Lot Size1,000 Sh

Min. Amount₹125,000

GMPNIL

Est. Listing₹125

Subscribed1.00x

Open Date28 Feb 2017

Close Date06 Mar 2017

Allotment12 Mar 2017

Listing Date15 Mar 2017

ExchangeNSE SME

UPI Deadline2017-03-06