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Akanksha Power & Infrastructure Ltd

Registered Office : Plot #. 87/4 MIDC,Satpur,Nashik Maharashtra 422007 Phone : +91 9370345000
Fax :

Email : bdm@apil.co.in

Website : https://apil.co.in

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.

Issue

Opens On

Closes On

27-Dec-2023

29-Dec-2023

Money Payable On

Application

Allotment

55.00

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)

22.47

27.49

18.52

55.00

Narnolia Financial Services Ltd

Projects

Capital expenditure

Working capital requirement

General corporate purposes

Promoted By

Bipin Bihari Das Mohapatra

Chaitali Bipin Dasmohapatra

Listing At

NSE - SME

Registrar to the Issue

MUFG Intime India Pvt Ltd