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Akash Infraprojects Ltd

Registered Office : 2Ground Floor Abhishek Complex,Opp Hotel Haveli Sector-11,Gandhinagar Gujarat 382011 Phone : 91-79-23227006
Fax :

Email : ipo@akashinfra.com

Website : http://akashinfra.com

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.

Issue

Opens On

Closes On

28-Feb-2017

06-Mar-2017

Money Payable On

Application

Allotment

125.00

0.00

Minimum Application for shares in Nos : 1000.0 Further Multiples of : 1000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

15.62

25.50

7.59

125.00

Tipsons Consultancy Services Pvt Ltd

Projects

Long term working capital requirement

General corporate purpose

Promoted By

Yoginkumar H Patel

Ambusinh P Gol

Listing At

NSE - SME

Registrar to the Issue

Purva Sharegistry (I) Pvt Ltd