Fixed Price - SME
₹ 25.50 cr
₹ 125
1000
₹ 1,25,000.00
NSE - SME
28-Feb-2017
06-Mar-2017
15-Mar-2017
The Shares of Akash Infraprojects Ltd have now been listed.
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.
Long term working capital requirement. General corporate purpose.
Akash Infraprojects Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011
Phone - 91-22-23010771/23018261
Fax - 91-22-23012517
Email - ipo@akashinfra.com
Website - http://akashinfra.com