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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.
The promoters of the company are:
1. Mr. Yoginkumar H Patel
2. Mr. Ambusinh P Gol
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.
| 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 Size | 2,040,000 Eq Shares of ₹10 (aggregating up to ₹25.50 Cr) |
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 |
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)
| Category | Subscription (times) |
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| 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 |
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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
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: purvashr@mtnl.net.in
Website: http://www.purvashare.com
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.
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Doesn''t matter whether its a bull market or bear market, Akashinfra will always stay lazy like a pig.