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 Promoters:

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

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 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)

Aakash Exploration IPO Tentative Timetable

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

Aakash Exploration IPO Lot Size

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

Aakash Exploration IPO Subscription Status (Bidding Detail)

The Aakash Exploration IPO is subscribed 1.48x times on Apr 19, 2018 17:00. The public issue subscribed 1.38x in the retail category, in the QIB category, and 1.59x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	1.59x
RII	1.38x
Total	1.48x

Aakash Exploration IPO Prospectus

› Aakash Exploration IPO DRHP
› Aakash Exploration IPO RHP

Aakash Exploration IPO Rating

4.1

Rating:

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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 equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

	NSE SME
IPO Price:	₹56.00
Open:	₹55.75
Low:	₹53.00
High:	₹57.00
Last Trade:	₹57.00
Volume:	224,000

Aakash Exploration IPO Reviews / Ratings

Dilip Davda - Avoid

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
   D-153A, 1st Floor,
   Okhla Industrial Area, Phase-I,
   New Delhi -110020

Phone: +91 - 11 - 2681
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com

Aakash Exploration IPO Lead Manager(s)

Monarch Networth Capital Ltd

Lead Manager Reports

Aakash Exploration IPO FAQs

What is Aakash Exploration IPO?

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.
When Aakash Exploration IPO will open?

The Aakash Exploration IPO opens on Apr 17, 2018 and closes on Apr 19, 2018.
What is the lot size of Aakash Exploration IPO?

Aakash Exploration IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
How to apply for Aakash Exploration IPO?

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.
When Aakash Exploration IPO allotment?

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.
When is Aakash Exploration IPO listing date?

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

Aakash Exploration IPO Message Board

Ranked Members

12. share blaster |Apr 27, 2018 12:03

negative listing cmp is 54.30

12.1. share blaster |Apr 27, 2018 12:03

kisi ne apply to nhi kioya tha na

12.2. Small Investor |Apr 28, 2018 12:26

IPO Guru (1400+ Posts, 700+ 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 |Apr 12, 2018 11:38

IPO Mentor (500+ Posts, 800+ Likes)

Seems good

Load more comments (3 replies)

11.4. Umang and his ultrasonic uproar |Apr 19, 2018 18:48

IPO Mentor (500+ Posts, 500+ Likes)

Marna hai kya???

11.5. DownriteVJ |Apr 19, 2018 19:03

IPO Guru (1200+ Posts, 1100+ Likes)

haha :D :D

10. RAJAKUMAR |Apr 19, 2018 17:04

IPO Guru (1400+ Posts, 1000+ Likes)

AT 4 PM
HNI 1.6O TIMES
RETAIL 1.32 TIMES
TOTAL 1.38 TIMES

9. DownriteVJ |Apr 19, 2018 16:13

IPO Guru (1200+ Posts, 1100+ Likes)

Retail 1.06X
Overall 1.28X

8. Dishant Makhija |Apr 19, 2018 15:39

What is current Subscription figure?

8.1. Tejas pandya |Apr 19, 2018 15:43

No. of times issue is subscribed in retail category 0.94
No. of times issue is subscribed 1.22

7. DownriteVJ |Apr 19, 2018 12:40

IPO Guru (1200+ Posts, 1100+ Likes)

Retail 0.48X
Overall 0.76X

6. UVES |Apr 19, 2018 12:22

I want to sell my application as SS (Subject to sauda)
please tell me where i can sell my application

6.1. DownriteVJ |Apr 19, 2018 12:39

IPO Guru (1200+ Posts, 1100+ Likes)

SS is NIL.

5. DownriteVJ |Apr 18, 2018 16:39

IPO Guru (1200+ Posts, 1100+ Likes)

Retail 0.15X
Overall 0.60X

4. INFANT |Apr 18, 2018 14:29

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 |Apr 15, 2018 20:42

Subject to?

2. Arup jamshed |Apr 15, 2018 19:13

IPO Mentor (900+ Posts, 300+ Likes)

Gap down opening on Monday ,Be alart ipo invester.

1. Hiteshji |Apr 15, 2018 08:28

Top Contributor (300+ Posts, 200+ Likes)

Looks little expensive compare to other similer field companies. Be careful before apply as you may get cheaper in secondary market.

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