Aakash Exploration Services Ltd IPO

Closed

Subscription Details

  • Open Date 17 Apr
  • Close Date 19 Apr
  • Lot Size 2000
  • IPO Size ₹ 10.08 Cr
  • IPO Price Range ₹ 56
  • Min Investment ₹ 112000

Aakash Exploration Services Ltd IPO Timeline

Open Date
17 Apr
Close Date
19 Apr
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 18,00,000 equity shares of face value of Rs. 10/- each (equity shares) of Aakash Exploration Services Limited (The Company or The Issuer) for cash at a price Rs. 56/- per equity share (including a share premium of Rs. 46/- per equity share) (issue price) aggregating to Rs. 10.08 crores (the issue), of which 90,000 equity shares of face value of Rs. 10/- each for a cash price of Rs. 56/- per equity share, aggregating to Rs. 0.50 crores well be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 17,10,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 56/- per equity share aggregating to Rs. 9.58 crores (the net issue). The issue and the net issue will constitute 26.67% and 25.33%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is Rs. 10/- each and the issue price of Rs. 56/-. The Issue price is 5.6 times of the face value.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Aakash Exploration Services Ltd IPO

Contact Information

Address

424-426 4th Floor Shukan Mall,
Nr.Visat Petrol Pump Sabarmati,
Ahmedabad, Gujarat 380005

Aakash Exploration Services Ltd IPO Lead Manager

Monarch Networth Capital Ltd
Open Demat Account