Akanksha Power IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Akanksha Power

CMP

116.25

+17.75 (18.02%)

₹55

Offer Price

₹ 27.49 Cr

Issue Size

₹ 1,10,000

Min Investment

2,000

Lot size

Time Line

  • 27
    Dec 2023
    Open
  • 29
    Dec 2023
    Close
  • 01
    Jan 2024
    Finalisation of Basis of Allotment
  • 02
    Jan 2024
    Initiation of Refunds
  • 02
    Jan 2024
    Transfer of Shares to Demat Account
  • 03
    Jan 2024
    Listing Date

Objects of the Offer

  • Expand its geographical network.

  • Expand its product range with focus on value added products.

  • Increasing Operational Efficiency.

  • Rationalization of its Working Capital Cycle.

  • Quality Assurance.

Products & Services

  • The Company is engaged in the business of manufacturing of electric equipments.

Strengths

  • Good track record.

  • Government support to power sector and electric equipment industry.

  • Experienced management team and a motivated and efficient work force.

  • Cordial relations with its consumers.

  • Quality assurance and control.

Risks

  • The present promoters of the Company are first generation entrepreneur.

  • The Company is involved in certain legal proceedings/litigations. Any adverse decision in such proceedings may render it/them liable to penalties and may adversely affect its business and result of operations.

  • The company does not own its factory premises situated at F-97, MIDC, Satpur, Nashik- 422007, Maharashtra, India.

  • The company does not have long term contracts with its suppliers and therefore, there may be potential unavailability of raw materials in future, which may adversely affect its business operations.

  • The restated financials of the Company show a downward trend of revenue during the last financial year and stub period. If these trends continue, its business operations and financial condition may be adversely affected.

Company Promoters

Promoters Holding

Issue For IPO
20.89%
Pre Holding

77.40%

Post Holding

56.51%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 51.84 (-30.20%) 46.09 (-11.10%) 18.20 (-)
Gross Profit 51.84 (-30.20%) 46.09 (-11.10%) 18.20 (-)
Net Income 51.84 (-30.20%) 46.09 (-11.10%) 18.20 (-)
Assets 51.84 (-30.20%) 46.09 (-11.10%) 18.20 (-)
Liabilities 51.84 (-30.20%) 46.09 (-11.10%) 18.20 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Akanksha Power & Infrastructure Ltd 46.09 2.91 37.68 21.72 18.20 0.00 87.93 3.32 0.41
HPL Electric & Power Ltd 1,262.21 30.18 1,700.73 1,700.73 3.80 4.69 123.69 1.77 0.73
Genus Power Infrastructures Ltd 808.39 28.97 1,662.00 1,662.00 2.95 1.25 42.61 1.74 0.35
Cospower Engineering Ltd 14.07 0.21 31.38 31.38 2.92 1.39 47.38 0.66 2.47

Book Running Managers

  • Narnolia Financial Services Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Plot #. 87/4 MIDC,
Satpur,
Nashik - 422007
Phone : +91 9370345000 Email : bdm@apil.co.in https://apil.co.in

Offer Related Information

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.... More

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