Incorporated in 1999, Akash Infra-Projects Ltd (AIPL) is engaged into the business of civil construction and has undertaken various government contracts for construction of roads. It is primarily into the Construction of roads, resurfacing, widening repairs of roads and Minor bridges etc.
It has proven track record of successful completion of various road projects in the state of Gujarat. It is also into the business of hospitality segment and operating and managing hotel named Pathikashram at Gandhinagar which is owned by Gujarat Government.
The promoters of the company are:
1. Mr. Yoginkumar H Patel
2. Mr. Ambusinh P Gol
The Objects of the Issue is to raise funds for:
1. Long term Working capital requirement;
2. General corporate Purpose; and
3. Issue related expenses.
»» Issue Open: Feb 28, 2017 - Mar 6, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 2,040,000 Equity Shares of Rs 10 aggregating up to Rs 25.50 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 125 Per Equity Share
»» Market Lot: 1000 Shares
»» Minimum Order Quantity: 1000 Shares
»» Listing At: NSE SME
Akash Infra Projects IPO Subscription Status tells if Akash Infra Projects IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Akash Infra Projects IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Feb 28, 2017 17:05 IST||0||108,000||1,000||109,000|
|Day 2 - Mar 1, 2017 18:35 IST||0||324,000||4,000||328,000|
|Day 3 - Mar 2, 2017 17:00 IST||0||1,154,000||53,000||1,207,000|
|Day 4 - Mar 3, 2017 17:05 IST||0||1,589,000||128,000||1,717,000|
|Day 5 - Mar 6, 2017 17:00 IST||0||1,966,000||1,813,000||3,779,000|
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