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Aakash Exploration Services Limited IPO (Aakash Exploration IPO) Detail

April 17, 2018 - April 19, 2018

Aakash Exploration IPO is a fixed price issue of Rs 10.08 crores.

Aakash Exploration IPO bidding started from April 17, 2018 and ended on April 19, 2018. The allotment for Aakash Exploration IPO was finalized on Tuesday, April 24, 2018. The shares got listed on NSE SME on April 27, 2018.

Aakash Exploration IPO price is ₹56 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹112,000.

Monarch Networth Capital Ltd is the book running lead manager of the Aakash Exploration IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.

Refer to Aakash Exploration IPO RHP for detailed information.

Aakash Exploration IPO Details

IPO Date April 17, 2018 to April 19, 2018
Listing Date April 27, 2018
Face Value ₹10 per share
Price ₹56 per share
Lot Size 2000 Shares
Total Issue Size1,800,000 shares
(aggregating up to ₹10.08 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion90,000 shares

Aakash Exploration IPO Reservation

Aakash Exploration IPO offers 1,890,000 shares. 855,000 (45.24%) to NII, 855,000 (45.24%) to RII.

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Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered90,000 (4.76%)
Other Shares Offered855,000 (45.24%)
Retail Shares Offered855,000 (45.24%)
Other Shares Offered90,000 (4.76%)
Total Shares Offered1,890,000 (100%)

Aakash Exploration IPO Timeline (Tentative Schedule)

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

IPO Open Date Tuesday, April 17, 2018
IPO Close Date Thursday, April 19, 2018
Basis of Allotment Tuesday, April 24, 2018
Initiation of Refunds Wednesday, April 25, 2018
Credit of Shares to Demat Thursday, April 26, 2018
Listing Date Friday, April 27, 2018
Cut-off time for UPI mandate confirmation 5 PM on April 19, 2018

Aakash Exploration IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

About Aakash Exploration Services Limited

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 (Aakash Exploration IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  

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 April 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)
Other1.59
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 Details

Listing Date April 27, 2018
BSE Script Code
NSE Symbol AAKASH
ISIN INE087Z01016
Final Issue Price ₹56 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹56.00
₹55.75
₹53.00
₹57.00
₹57.00

Check IPO Performance…

Aakash Exploration Services Limited Contact Details

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/ipo.php

Aakash Exploration IPO - Buy or Not

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 April 17, 2018, and closes on April 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 April 17, 2018 and closes on April 19, 2018.

Aakash Exploration IPO lot size is 2000 Shares, and the minimum amount required is ₹112,000.

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 Tuesday, April 24, 2018, and the allotted shares will be credited to your demat account by Thursday, April 26, 2018. Check the Aakash Exploration IPO allotment status.

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

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21 Comments

12. share blaster |   Link |  Bookmark |April 27, 2018 11:03:25 AM
negative listing cmp is 54.30
12.1. share blaster |   Link |  Bookmark |April 27, 2018 11:03:54 AM
kisi ne apply to nhi kioya tha na
12.2. Small Investor |   Link |  Bookmark |April 28, 2018 11:26:50 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ 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 |  Bookmark |April 12, 2018 10:38:24 AM
IPO Mentor IPO Mentor (800+ Posts, 1100+ Likes)
Seems good
11.4. Umang and his ultrasonic uproar |   Link |  Bookmark |April 19, 2018 5:48:09 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Marna hai kya???
11.5. DownriteVJ |   Link |  Bookmark |April 19, 2018 6:03:43 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
haha :D :D
10. RAJAKUMAR |   Link |  Bookmark |April 19, 2018 4:04:42 PM (1400+ Posts, 1200+ Likes)
AT 4 PM
HNI 1.6O TIMES
RETAIL 1.32 TIMES
TOTAL 1.38 TIMES
9. DownriteVJ |   Link |  Bookmark |April 19, 2018 3:13:56 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Retail 1.06X
Overall      1.28X
8. Dishant Makhija |   Link |  Bookmark |April 19, 2018 2:39:17 PM
What is current Subscription figure?
8.1. Tejas pandya |   Link |  Bookmark |April 19, 2018 2:43:22 PM
IPO Guru IPO Guru (2600+ Posts, 2100+ Likes)
No. of times issue is subscribed in retail category      0.94
No. of times issue is subscribed      1.22
7. DownriteVJ |   Link |  Bookmark |April 19, 2018 11:40:10 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Retail 0.48X
Overall      0.76X
6. UVES |   Link |  Bookmark |April 19, 2018 11:22:52 AM
I want to sell my application as SS (Subject to sauda)
please tell me where i can sell my application
6.1. DownriteVJ |   Link |  Bookmark |April 19, 2018 11:39:18 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
SS is NIL.
5. DownriteVJ |   Link |  Bookmark |April 18, 2018 3:39:29 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Retail 0.15X
Overall      0.60X
4. INFANT |   Link |  Bookmark |April 18, 2018 1:29:04 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 |  Bookmark |April 15, 2018 7:42:21 PM
Subject to?
2. Arup jamshed |   Link |  Bookmark |April 15, 2018 6:13:58 PM (900+ Posts, 300+ Likes)
Gap down opening on Monday ,Be alart ipo invester.
1. Hiteshji |   Link |  Bookmark |April 15, 2018 7:28:35 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.