Akanksha Power & Infrastructure Ltd - IPO

Akanksha Power & Infrastructure Ltd IPO Details

Initial public offering of up to 49,98,000 equity shares of Rs. 10/- each (Equity Shares) of Akanksha Power and Infrastructure Limited (APIL or the Company) for cash at a price of Rs. 55/- per equity share (the Issue Price), aggregating to Rs. 27.49 crores (The Issue). Out of the issue, 2,60,000 equity shares aggregating to Rs. 1.43 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 47,38,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 55/- per equity share aggregating to Rs. 26.06 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.99 % and 25.59 %, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 each and the issue price is Rs. 55 the issue price is 5.5 times of the face value of the equity shares.

Objective of issue

Capital expenditure. Working capital requirement. General corporate purposes.

Akanksha Power & Infrastructure Ltd Contact Details

Akanksha Power & Infrastructure Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - bdm@apil.co.in

Website - https:, apil.co.in