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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.
The Promoters of the company are Mr. Vipul Navin Haria, Mr. Hemang Navin Haria, and Mr. Krunal Pravin Haria.
| 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 | |
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
| IPO Opening Date | Apr 17, 2018 |
| IPO Closing Date | Apr 19, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹56 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | 1,800,000 Eq Shares of ₹10 (aggregating up to ₹10.08 Cr) |
The Aakash Exploration IPO open date is Apr 17, 2018, and the close date is Apr 19, 2018. The issue may list on Apr 27, 2018.
| IPO Open Date | Apr 17, 2018 |
| IPO Close Date | Apr 19, 2018 |
| Basis of Allotment Date | Apr 24, 2018 |
| Initiation of Refunds | Apr 25, 2018 |
| Credit of Shares to Demat Account | Apr 26, 2018 |
| IPO Listing Date | Apr 27, 2018 |
The Aakash Exploration IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹112,000 |
| Maximum | 1 | 2000 | ₹112,000 |
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...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)
| Category | Subscription (times) |
|---|---|
| NII | 1.59 |
| Retail | 1.38 |
| Total | 1.48 |
| Listing Date | Friday, April 27, 2018 |
| BSE Script Code | |
| NSE Symbol | AAKASH |
| Listing In | |
| ISIN | INE087Z01016 |
| IPO Price | ₹56 per equity share |
| Face Value | ₹10 per equity share |
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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
Skyline Financial Services Private Ltd
Phone: +91 - 11 - 2681
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com
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 equity 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 2000 Shares.
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, Edelweiss, 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.
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