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Aakash Exploration Services Limited IPO (Aakash Exploration IPO) Detail

Apr 17, 2018 - Apr 19, 2018

Incorporated in 2007, Gujarat based Aakash Exploration Services Limited is a company engaged in providing services for Oil and Gas Exploration.

The company is an ISO 9001 14001 and OHSAS 18001 certified company. It provides Mobile Work Over Rigs, Hot Oil Circulation Unit, Air Compressor, Mobile Steaming Unit (Boiler), Mobile Pumping Unit, Crane, Manpower Services, SRP Unit supply and Maintenance and other similar Services.

Aakash Exploration is providing Oil and Gas field Services to M/S Oil & Natural Gas Corporation Ltd (A Govt. of India Company), Ahmedabad, Mehsana and Hazira Projects and also providing similar services to private oil field operators namely GSPCL, Cairn, Essar, Great Eastern Energy, IOC, Niko, OIL, Price Petroleum etc to their extreme satisfaction. Aakash Exploration Services Limited is a national group of Oil and Gas Field Services with a staff of more than 250 employees and operating in more than 7 states of India.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,382.38 3,131.06 2,549.24 1,393.22 1,056.70
Total Revenue 3,380.30 2,563.31 2,345.20 1,389.54 944.65
Profit After Tax 110.02 44.32 101.44 49.38 14.40

Objects of the Issue

The Objects Of the Issue are:

1. Payment of Cash Credit Facilities;
2. Repayment of Unsecured Loans;
3. Working Capital Requirement;
4. General Corporate Purpose; and
5. Issue Expense

Aakash Exploration IPO Details

IPO Date Apr 17, 2018 to Apr 19, 2018
Listing Date Friday, April 27, 2018
Face Value ₹10 per share
Price ₹56 per share
Lot Size 2000 Shares
Issue Size1,800,000 shares of ₹10
(aggregating up to ₹10.08 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The Promoters of the company are Mr. Vipul Navin Haria, Mr. Hemang Navin Haria, and Mr. Krunal Pravin Haria.

Aakash Exploration IPO Tentative Timetable

Aakash Exploration IPO opens on Apr 17, 2018, and closes on Apr 19, 2018. The Aakash Exploration IPO bid date is from Apr 17, 2018 10.00 A.M. to Apr 19, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Apr 17, 2018
Closing Date Apr 19, 2018
Basis of Allotment Apr 24, 2018
Initiation of Refunds Apr 25, 2018
Credit of Shares to Demat Apr 26, 2018
Listing Date Apr 27, 2018

Aakash Exploration IPO Lot Size

The Aakash Exploration IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹112,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹112,000
Retail (Max) 1 2000 ₹112,000

Aakash Exploration IPO Review

Although sector is poised for bright prospects and company has shown steady growth in its working except for FY16, its aggressive pricing is leaving nothing on table for new investors in near term. Hence there is no harm in giving this issue a miss.

Read detail review...


Aakash Exploration IPO Subscription Status (Bidding Detail)

The Aakash Exploration IPO is subscribed 1.48 times on Apr 19, 2018 5:00:00 PM. The public issue subscribed 1.38 times in the retail category, times in the QIB category, and 1.59 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.59
Retail1.38
Total1.48

Aakash Exploration IPO Prospectus

Aakash Exploration IPO Rating

66
4.1
Rating:Rated 4.1 stars
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Aakash Exploration IPO Listing Date

Listing Date Friday, April 27, 2018
BSE Script Code
NSE Symbol AAKASH
Listing In
ISIN INE087Z01016
IPO Price ₹56 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹56.00
₹55.75
₹53.00
₹57.00
₹57.00

Company Contact Information

Aakash Exploration Services Limited
424-426, 4th Floor,
Shukan Mall, Nr. Visat Petrol Pump,
Sabarmati, Ahmedabad- 380005
Phone: +91 79-48006633/ 65423366
Email: hemang@aakashexploration.com
Website: http://www.aakashexploration.com

Aakash Exploration IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/

Aakash Exploration IPO Review

Aakash Exploration IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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Aakash Exploration IPO FAQs

Aakash Exploration IPO is a SME IPO of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹10.08 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Apr 17, 2018, and closes on Apr 19, 2018.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Aakash Exploration IPO opens on Apr 17, 2018 and closes on Apr 19, 2018.

Aakash Exploration IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Aakash Exploration IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Aakash Exploration IPO will be done on Apr 24, 2018, and the allotted shares will be credited to your demat account by Apr 26, 2018. Check the Aakash Exploration IPO allotment status.

The Aakash Exploration IPO listing date is on Friday, April 27, 2018.
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Aakash Exploration IPO Message Board

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21 Comments

12. share blaster |   Link |Apr 27, 2018 12:03:25 PM
negative listing cmp is 54.30
12.1. share blaster |   Link |Apr 27, 2018 12:03:54 PM
kisi ne apply to nhi kioya tha na
12.2. Small Investor |   Link |Apr 28, 2018 12:26:50 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
I Put 1 lot buy order at 53.10 and order is success and now closing prices is 57 now i do on next trading session on Monday sell/ hold
11. Shareking The BuLLz EyE |   Link |Apr 12, 2018 11:38:24 AM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Seems good
11.4. Umang and his ultrasonic uproar |   Link |Apr 19, 2018 6:48:09 PM
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
Marna hai kya???
11.5. DownriteVJ |   Link |Apr 19, 2018 7:03:43 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
haha :D :D
10. RAJAKUMAR |   Link |Apr 19, 2018 5:04:42 PM (1400+ Posts, 1200+ Likes)
AT 4 PM
HNI 1.6O TIMES
RETAIL 1.32 TIMES
TOTAL 1.38 TIMES
9. DownriteVJ |   Link |Apr 19, 2018 4:13:56 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail 1.06X
Overall      1.28X
8. Dishant Makhija |   Link |Apr 19, 2018 3:39:17 PM
What is current Subscription figure?
8.1. Tejas pandya |   Link |Apr 19, 2018 3:43:22 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
No. of times issue is subscribed in retail category      0.94
No. of times issue is subscribed      1.22
7. DownriteVJ |   Link |Apr 19, 2018 12:40:10 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail 0.48X
Overall      0.76X
6. UVES |   Link |Apr 19, 2018 12:22:52 PM
I want to sell my application as SS (Subject to sauda)
please tell me where i can sell my application
6.1. DownriteVJ |   Link |Apr 19, 2018 12:39:18 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
SS is NIL.
5. DownriteVJ |   Link |Apr 18, 2018 4:39:29 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail 0.15X
Overall      0.60X
4. INFANT |   Link |Apr 18, 2018 2:29:04 PM
Hi Everyone, I am absolutely new to IPOs. Please suggest whether i should invest in this or not? Only one thing which concerns me here is the repayment of unsecured loans.
3. Dhruv Gandhi |   Link |Apr 15, 2018 8:42:21 PM
Subject to?
2. Arup jamshed |   Link |Apr 15, 2018 7:13:58 PM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
Gap down opening on Monday ,Be alart ipo invester.
1. Hiteshji |   Link |Apr 15, 2018 8:28:35 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Looks little expensive compare to other similer field companies. Be careful before apply as you may get cheaper in secondary market.