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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.

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

Akash Infra Projects IPO Date Feb 28, 2017 to Mar 6, 2017
Akash Infra Projects IPO Face Value ₹10 per share
Akash Infra Projects IPO Price ₹125 per share
Akash Infra Projects IPO Lot Size 1000 Shares
Issue Size2,040,000 shares of ₹10
(aggregating up to ₹25.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the company are:

1. Mr. Yoginkumar H Patel
2. Mr. Ambusinh P Gol

Akash Infra Projects IPO Lot Size

The Akash Infra Projects IPO 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
Minimum 1 1000 ₹125,000
Maximum 1 1000 ₹125,000

Akash Infra Projects IPO Review

Considering declining trends of top and bottom line and the higher pricing, only risk savvy cash surplus investors may consider it for long term. Read detail review...


Akash Infra Projects IPO Subscription Status (Bidding Detail)

The Akash Infra Projects IPO is subscribed times on Mar 6, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times 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 share
Face Value ₹10 per 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 Review

Akash Infra Projects IPO Recommendation Summary

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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 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 .

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.
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Akash Infra Projects IPO Message Board

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22 Comments

13. Prabhakaran Kuppusamy |   Link |May 8, 2017 6:14:27 PM
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 |   Link |Mar 15, 2017 5:10:29 PM
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 |   Link |Mar 16, 2017 5:34:20 PM
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 |   Link |Mar 17, 2017 6:51:41 PM
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 |   Link |Mar 15, 2017 11:33:34 AM
aha sold my share @ 129 and booked Rs4000/- profit.
10. Umesh sharma |   Link |Mar 10, 2017 5:51:06 PM
AMOUNT DEBITED FROM MY ACCOUNT
10.1. NPT |   Link |Mar 14, 2017 8:12:23 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
All the best on its listing tomorrow.
9. IPOANALYSIS |   Link |Mar 9, 2017 3:39:07 PM
this should list at 20 pc lower circuit
8. NISHANT GULANI |   Link |Mar 9, 2017 1:29:53 PM
WHEN WILL ALLOTMENT OUT
7. Sunil Thakker |   Link |Mar 1, 2017 9:41:19 AM
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 |   Link |Mar 2, 2017 9:52:54 AM
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 |   Link |Mar 1, 2017 9:39:32 AM
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 |   Link |Feb 28, 2017 8:22:24 PM
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 |   Link |Feb 27, 2017 10:22:15 PM
money will get halved as fair value not more than 50 rs. stay away.
3. Sultan Mirza |   Link |Feb 27, 2017 8:53:48 PM
Forum modulator plz add Sanginita Chemicals Limited page as it is starting from 01-Mar-2017.
2. rajkot rajkot |   Link |Feb 24, 2017 4:42:56 PM
promoters are usually dumb in financial markets but looks like even the lead manager (tipsons) doesnt have brains!
2.1. MITESH DEDHIA |   Link |Feb 27, 2017 9:36:57 AM
Dear Sir,

Please let me know on what basis you have commented on promoters and lead managers
1. IPOANALYSIS |   Link |Feb 23, 2017 11:57:11 PM
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