Akash Infraprojects Ltd IPO

Closed

Subscription Details

  • Open Date 28 Feb
  • Close Date 06 Mar
  • Lot Size 1000
  • IPO Size ₹ 25.5 Cr
  • IPO Price Range ₹ 125
  • Min Investment ₹ 125000

Akash Infraprojects Ltd IPO Timeline

Open Date
28 Feb
Close Date
06 Mar
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 20,40,000 equity shares of Rs. 10 each (equity shares) of Akash Infra-projects Ltd (AIPL or the Company or the Issuer) for cash at a price of Rs. 125 per share (the issue price), Aggregating to Rs. 25.50 crores (the issue), consisting of fresh issue of 12,67,200 equity shares aggregating to Rs. 15.84 crores and an offer for sale of 7,72,800 equity shares aggregating to Rs. 9.66 crores (the offer for sale), comprising of 3,86,400 equity shares by Mr. Yoginkumar Patel and 3,86,400 equity shares by Mr. Ambusinh Gol (Collectively reffered as selling shareholders and promoters). The issue comprises a net issue to the public of 19,32,000 equity share aggregating to Rs.24.15 crores. (the net issue) and a reservation of 1,08,000 equity shares aggregating to Rs. 1.35 crores for subscription by the market makers to the issue (the market maker reservation portion). The issue and the net issue will constitute 26.88% and 25.46% respectively of the post issue paid up capital of the company. Tha face value of equity shares is Rs. 10 each and the issue price is 12.50 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 Akash Infraprojects Ltd IPO

Contact Information

Address

2Ground Floor Abhishek Complex,
Opp Hotel Haveli Sector-11,
Gandhinagar, Gujarat 382011

Akash Infraprojects Ltd IPO Lead Manager

Tipsons Consultancy Services Pvt Ltd
Open Demat Account