Business Standard

Akash Infraprojects Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

25.50 cr

Price Range (₹)

125

Lot Size

1000

Min Investment (₹)

1,25,000.00

Listing Exchange

NSE - SME

Open Date

28-Feb-2017

Close Date

06-Mar-2017

Listing Date

15-Mar-2017

Akash Infraprojects Ltd News

    The Shares of Akash Infraprojects Ltd have now been listed.

    Akash Infraprojects Ltd IPO Details

    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.

    Objective of issue

    Long term working capital requirement. General corporate purpose.

    Akash Infraprojects Ltd Contact Details

    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