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Akash Infra Projects Ltd IPO (Akash Infra Projects IPO) Detail

Feb 28, 2017 - Mar 6, 2017

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.

Company Promoters:

The promoters of the company are:

1. Mr. Yoginkumar H Patel
2. Mr. Ambusinh P Gol

Objects of the Issue:

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 Detail:

  »»  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 Reviews:

  1. Akash Infra Projects Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - Feb 28, 2017 17:05 IST01080001000109000
Day 2 - Mar 1, 2017 18:35 IST03240004000328000
Day 3 - Mar 2, 2017 17:00 IST01154000530001207000
Day 4 - Mar 3, 2017 17:05 IST015890001280001717000
Day 5 - Mar 6, 2017 17:00 IST0196600018130003779000

Akash Infra Projects IPO Prospectus

Akash Infra Projects IPO Rating

53
2.9
Rating:Rated 2.9 stars

Vote Here ...

Akash Infra Projects IPO Listing Date

  •   ›  Listing Date: Wednesday, March 15, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: AKASH
  •   ›  Listing In:
  •   ›  ISIN: INE737W01013
  •   ›  Issue Price: Rs 125 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

NSE SME
Issue Price:Rs 125.00
Open:Rs 124.50
Low:Rs 124.50
High:Rs 131.60
Last Trade:Rs 128.15
Volume:927,000

Akash Infra Projects IPO News Alerts

  1. Monday, March 6, 2017 12:00:00 AM
    Akash Infra Projects Ltd IPO - Close
  2. Tuesday, February 28, 2017 12:00:00 AM
    Akash Infra Projects Ltd IPO - Open

Company Contact Information

Akash Infra Projects Ltd
2 Ground Floor, Abhishek Complex,
Opp. Hotel Haveli,
Sector 11, Gandhinagar - 382011
Phone: +91-079-23227006
Fax: +91-79-23231006
Email: ipo@akashinfra.com
Website: http://www.akashinfra.com

Akash Infra Projects IPO Registrar

Purva Sharegistry India Pvt Ltd   »  Report
   9, Shiv Shakti Industrial Estate,
   JR Borica Marg,
   Lower Parel (East), Mumbai 400 011

Phone: +91-022-23018261/ 23016761
Fax: +91-022-23012517
Email: purvashr@mtnl.net.in
Website: http://www.purvashare.com

Akash Infra Projects IPO Lead Manager(s)

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Akash Infra Projects IPO Review / Comments

avatar
13. Prabhakaran Kuppusamy  May 8, 2017 6:14:27 PM IST I Like It. | Report Abuse Reply
We should appreciate the consistency of this stock.
Doesn''t matter whether its a bull market or bear market, Akashinfra will always stay lazy like a pig.
avatar
12. IPOANALYSIS  Mar 15, 2017 5:10:29 PM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
ok at least tipson is better than arihant capital

even though never convinced with the fundamental of company and appears too expensive it has not done as bad as nitiraj

atleast Tipson gives some credibility than arihant capital . do remember both are new to SME

So ,hopefully tipson comes up with some good issues in future

Arihant capital appears to be too bad as its first issue bombed so dont think it wil have takers in future.

avatar
12.5. Forum Modulator  Mar 16, 2017 5:34:20 PM IST I Like It. 1 | Report Abuse
Hi Smiter,

Sure we will add this report soon.

Thank you.
Chittorgarh.com Team
avatar
12.6. aagarwal  Mar 17, 2017 6:51:41 PM IST I Like It. | Report Abuse
DEAR IPOANALYSIS, if you can share your views on the other ongoing IPOs it will benefit the wider community. Your analysis is always so accurate.
avatar
11. Umesh sharma  Mar 15, 2017 11:33:34 AM IST I Like It. | Report Abuse Reply
aha sold my share @ 129 and booked Rs4000/- profit.
avatar
10. Umesh sharma  Mar 10, 2017 5:51:06 PM IST I Like It. | Report Abuse Reply
AMOUNT DEBITED FROM MY ACCOUNT
avatar
10.1. NPT  Mar 14, 2017 8:12:23 PM IST I Like It. | Report Abuse
All the best on its listing tomorrow.
avatar
9. IPOANALYSIS  Mar 9, 2017 3:39:07 PM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
this should list at 20 pc lower circuit
avatar
8. NISHANT GULANI  Mar 9, 2017 1:29:53 PM IST I Like It. | Report Abuse Reply
WHEN WILL ALLOTMENT OUT
avatar
7. Sunil Thakker  Mar 1, 2017 9:41:19 AM IST I Like It. 2 | Report Abuse Reply
The company has project worth more than 200 crore on hand. Infrastructure segment is on BOOM. Many Road highways and such other infra projects are on to-do list of government. So there is a great potential for future business opportunities.
avatar
7.1. IPOANALYSIS  Mar 2, 2017 9:52:54 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
ALL INFRA STOCKS ARE DOING VERY BADLY AND EVEN IN BULL MARKET HAVE BEEN HAMMERED.
EVEN INFRA SME ALTHOUGH IN DIFFERENT SEGMENT LIKE HEC INFRA AND PERFECT INFRA ARE DOWN

THIS STOCK WILL BE BATTERED
avatar
6. Sunil Thakker  Mar 1, 2017 9:39:32 AM IST I Like It. 1 | Report Abuse Reply
The Company has established track record of successful completion of various projects. The company is into this business since more than 15 years.
avatar
5. aniket sharma  Feb 28, 2017 8:22:24 PM IST I Like It. 1 | Report Abuse Reply
Tipsons is top brand in debt market leading at no 7 as I searched online data. This seems that promoter do not want public participation. This IPO is going to flourish. Watch out till last day.
avatar
4. IPOANALYSIS  Feb 27, 2017 10:22:15 PM IST I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
money will get halved as fair value not more than 50 rs. stay away.
avatar
3. Sultan Mirza  Feb 27, 2017 8:53:48 PM IST I Like It. 1 | Report Abuse Reply
Forum modulator plz add Sanginita Chemicals Limited page as it is starting from 01-Mar-2017.
avatar
2. rajkot rajkot  Feb 24, 2017 4:42:56 PM IST I Like It. 5 | Report Abuse Reply
promoters are usually dumb in financial markets but looks like even the lead manager (tipsons) doesnt have brains!
avatar
2.1. MITESH DEDHIA  Feb 27, 2017 9:36:57 AM IST I Like It. 4 | Report Abuse
Dear Sir,

Please let me know on what basis you have commented on promoters and lead managers
avatar
1. IPOANALYSIS  Feb 23, 2017 11:57:11 PM IST I Like It. 5 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
wow

they have guts to come at such high pricing and that too when lead manager has no track record

topline on decreasing tend
taking advantage of good market condition

fair value is not even 50 rs. stay away
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