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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.

Akash Infra Projects IPO Details

IPO Opening Date Feb 28, 2017
IPO Closing Date Mar 6, 2017
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹125 per equity share
Market Lot 1000 Shares
Min Order Quantity 1000 Shares
Listing At NSE SME
Issue Size2,040,000 Eq Shares of ₹10
(aggregating up to ₹25.50 Cr)

Akash Infra Projects IPO Lot Size

The Akash Infra Projects IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹125,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 1000 ₹125,000
Maximum 1 1000 ₹125,000

Akash Infra Projects IPO Subscription Status (Bidding Detail)

The Akash Infra Projects IPO is subscribed times on Mar 6, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

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
IPO Price ₹125 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹125.00
Open: ₹124.50
Low: ₹124.50
High: ₹131.60
Last Trade: ₹128.15

Company Contact Information

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

Akash Infra Projects IPO Registrar

Purva Sharegistry India Pvt Ltd

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

Akash Infra Projects IPO Reviews / Ratings

Akash Infra Projects IPO FAQs

Akash Infra Projects IPO is a SME IPO of 2,040,000 equity shares of the face value of ₹10 aggregating up to ₹25.50 Crores. The issue is priced at ₹125 per equity share. The minimum order quantity is 1000 Shares.

The IPO opens on Feb 28, 2017, and closes on Mar 6, 2017.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Akash Infra Projects IPO opens on Feb 28, 2017 and closes on Mar 6, 2017.

Akash Infra Projects IPO lot size is 1000 Shares and the minimum order quantity is 1000 Shares.

You can apply in Akash Infra Projects 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 Akash Infra Projects IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Akash Infra Projects IPO allotment status.

The Akash Infra Projects IPO listing date is on Wednesday, March 15, 2017.

Akash Infra Projects IPO Message Board

Ranked Members  Ranked Members

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13. Prabhakaran Kuppusamy |May 8, 2017 18:14
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
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.
12. IPOANALYSIS |Mar 15, 2017 17:10
IPO Guru IPO Guru (1900+ Posts, 1500+ 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.

12.5. Forum Modulator |Mar 16, 2017 17:34
Hi Smiter,

Sure we will add this report soon.

Thank you.
Chittorgarh.com Team

Thank you,

Chittorgarh.com Forum Moderator

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12.6. aagarwal |Mar 17, 2017 18:51
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.
11. Umesh sharma |Mar 15, 2017 11:33
aha sold my share @ 129 and booked Rs4000/- profit.
10. Umesh sharma |Mar 10, 2017 17:51
AMOUNT DEBITED FROM MY ACCOUNT
10.1. NPT |Mar 14, 2017 20:12
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
All the best on its listing tomorrow.
9. IPOANALYSIS |Mar 9, 2017 15:39
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
this should list at 20 pc lower circuit
8. NISHANT GULANI |Mar 9, 2017 13:29
WHEN WILL ALLOTMENT OUT
7. Sunil Thakker |Mar 1, 2017 09:41
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.
7.1. IPOANALYSIS |Mar 2, 2017 09:52
IPO Guru IPO Guru (1900+ Posts, 1500+ 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
6. Sunil Thakker |Mar 1, 2017 09:39
The Company has established track record of successful completion of various projects. The company is into this business since more than 15 years.
5. aniket sharma |Feb 28, 2017 20:22
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.
4. IPOANALYSIS |Feb 27, 2017 22:22
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
money will get halved as fair value not more than 50 rs. stay away.
3. Sultan Mirza |Feb 27, 2017 20:53
Forum modulator plz add Sanginita Chemicals Limited page as it is starting from 01-Mar-2017.
2. rajkot rajkot |Feb 24, 2017 16:42
promoters are usually dumb in financial markets but looks like even the lead manager (tipsons) doesnt have brains!
2.1. MITESH DEDHIA |Feb 27, 2017 09:36
Dear Sir,

Please let me know on what basis you have commented on promoters and lead managers
1. IPOANALYSIS |Feb 23, 2017 23:57
IPO Guru IPO Guru (1900+ Posts, 1500+ 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