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| Issue Open | Apr 17, 2018 |
| Issue Close | Apr 19, 2018 |
| IPO Price | ₹56 |
| Face Value | ₹10 |
| IPO Size | ₹10.08 Cr |
| Listing At | NSE SME |
| IPO Lot Size | 2000 |
Aakash Exploration IPO subscribed 1.48 times. The public issue subscribed 1.38 times in the retail category, [.] times in QIB, and 1.59 times in the NII category by Apr 19, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | [.] |
| Non-Institutional Buyers | 1.59 |
| Retail Investors | 1.38 |
| Employees | [.] |
| Others | [.] |
| Total | 1.48 |
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1 | 0.47 | 0.03 | 0.25 |
Day 2 | 1.09 | 0.40 | 0.75 |
Day 3 | 1.59 | 1.38 | 1.48 |
Aakash Exploration IPO is a public issue of 1,710,000 equity shares. The issue offers 855,000 shares to retail investors, 0 shares to qualified institutional buyers, and 855,000 shares to non-institutional investors.
| Category | Shares Offered | % |
|---|---|---|
| NII | 855,000 | 50.00% |
| Retail | 855,000 | 50.00% |
| Total | 1,710,000 | 100% |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The Aakash Exploration IPO is subscribed 1.48 by Apr 19, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | [.] |
| Non Institutional | 1.59 |
| Retail Individual | 1.38 |
| Employee Reservations | [.] |
| Others | [.] |
| Total Subscription | 1.48 |
An investor can apply in Aakash Exploration IPO online via bank (using ASBA) or the broker (using UPI). The Aakash Exploration IPO shares are offered online only.
The Aakash Exploration IPO is subscribed 1.48 by Apr 19, 2018.
The Aakash Exploration IPO allotment status is expected on or around Apr 24, 2018. Visit Aakash Exploration IPO allotment status to check.
Visit Aakash Exploration IPO subscription status page for real-time bidding information about Aakash Exploration IPO.
| IPO Opens On | Apr 17, 2018 |
| IPO Closes On | Apr 19, 2018 |
| Finalisation of Basis of Allotment | Apr 24, 2018 |
| Initiation of Refunds | Apr 25, 2018 |
| Credit of Shares to Demat Account | Apr 26, 2018 |
| IPO Listing Date | Apr 27, 2018 |
Useful Articles
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
