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Aakash Exploration IPO is a fixed price issue of Rs 10.08 crores.
Aakash Exploration IPO bidding started from April 17, 2018 and ended on April 19, 2018. The allotment for Aakash Exploration IPO was finalized on Tuesday, April 24, 2018. The shares got listed on NSE SME on April 27, 2018.
Aakash Exploration IPO price is ₹56 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹112,000.
Monarch Networth Capital Ltd is the book running lead manager of the Aakash Exploration IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Aakash Exploration IPO RHP for detailed information.
| IPO Date | April 17, 2018 to April 19, 2018 |
| Listing Date | April 27, 2018 |
| Face Value | ₹10 per share |
| Price | ₹56 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,800,000 shares (aggregating up to ₹10.08 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,950,000 |
| Share holding post issue | 6,750,000 |
| Market Maker portion | 90,000 shares |
Aakash Exploration IPO offers 1,890,000 shares. 855,000 (45.24%) to NII, 855,000 (45.24%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 90,000 (4.76%) |
| Other Shares Offered | 855,000 (45.24%) |
| Retail Shares Offered | 855,000 (45.24%) | Other Shares Offered | 90,000 (4.76%) |
| Total Shares Offered | 1,890,000 (100%) |
Aakash Exploration IPO opens on April 17, 2018, and closes on April 19, 2018.
| IPO Open Date | Tuesday, April 17, 2018 |
| IPO Close Date | Thursday, April 19, 2018 |
| Basis of Allotment | Tuesday, April 24, 2018 |
| Initiation of Refunds | Wednesday, April 25, 2018 |
| Credit of Shares to Demat | Thursday, April 26, 2018 |
| Listing Date | Friday, April 27, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 19, 2018 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
| Lot Size Calculator | |||
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.
| 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 | |
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
[Dilip Davda]
Although sector is poised for bright prospects and company has shown steady growth in its working except for FY16, its aggressive pricing is leaving nothing on table for new investors in near term. Hence there is no harm in giving this issue a miss.
Read detail review...The Aakash Exploration IPO is subscribed 1.48 times on April 19, 2018 5:00:00 PM. The public issue subscribed 1.38 times in the retail category, times in the QIB category, and 1.59 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.59 |
| Retail | 1.38 |
| Total | 1.48 |
| Listing Date | April 27, 2018 |
| BSE Script Code | |
| NSE Symbol | AAKASH |
| ISIN | INE087Z01016 |
| Final Issue Price | ₹56 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹56.00 |
| ₹55.75 |
| ₹53.00 |
| ₹57.00 |
| ₹57.00 |
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
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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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 share. The minimum order quantity is 2000 Shares.
The IPO opens on April 17, 2018, and closes on April 19, 2018.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Aakash Exploration IPO opens on April 17, 2018 and closes on April 19, 2018.
Aakash Exploration IPO lot size is 2000 Shares, and the minimum amount required is ₹112,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Aakash Exploration IPO will be done on Tuesday, April 24, 2018, and the allotted shares will be credited to your demat account by Thursday, April 26, 2018. Check the Aakash Exploration IPO allotment status.
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share blaster| Link | Bookmark |April 27, 2018 12:03:25 PM