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Aakash Exploration Services Ltd

Registered Office : 424-426 4th Floor Shukan Mall,Nr.Visat Petrol Pump Sabarmati,Ahmedabad Gujarat 380005 Phone : 91-79-48006633/65423366
Fax :

Email : hemang@aakashexploration.com

Website : www.aakashexploration.com

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.

Issue

Opens On

Closes On

17-Apr-2018

19-Apr-2018

Money Payable On

Application

Allotment

56.00

0.00

Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

10.08

6.75

56.00

Monarch Networth Capital Ltd

Projects

Payment of cash credit facilities

Repayment of unsecured loans

Working capital requirement

General corporate purpose

Promoted By

Vipul Navin Haria

Hemang Navin Haria

Krunal Pravin Haria

Listing At

NSE - SME

Registrar to the Issue

Skyline Financial Services Pvt