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Akash Infra Projects IPO is a fixed price issue of Rs 25.50 crores.
Akash Infra Projects IPO bidding started from February 28, 2017 and ended on March 6, 2017. The shares got listed on NSE SME on March 15, 2017.
Akash Infra Projects IPO price is ₹125 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹125,000.
Tipsons Consultancy Services Private Limited is the book running lead manager of the Akash Infra Projects IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
Refer to Akash Infra Projects IPO RHP for detailed information.
| IPO Date | February 28, 2017 to March 6, 2017 |
| Listing Date | March 15, 2017 |
| Face Value | ₹10 per share |
| Price | ₹125 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 2,040,000 shares (aggregating up to ₹25.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,321,067 |
| Share holding post issue | 7,588,267 |
Investors can bid for a minimum of 1000 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 | 1000 | ₹125,000 |
| Retail (Max) | 1 | 1000 | ₹125,000 |
| Lot Size Calculator | |||
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 Objects of the Issue is to raise funds for:
1. Long term Working capital requirement;
2. General corporate Purpose; and
3. Issue related expenses.
[Dilip Davda] 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...
The Akash Infra Projects IPO is subscribed times on March 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)
| Category | Subscription (times) |
|---|
| Listing Date | March 15, 2017 |
| BSE Script Code | |
| NSE Symbol | AKASH |
| ISIN | INE737W01013 |
| Final Issue Price | ₹125 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹125.00 |
| ₹124.50 |
| ₹124.50 |
| ₹131.60 |
| ₹128.15 |
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: https://www.purvashare.com/investor-service/ipo-query
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Check our SME IPO Guide 
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 February 28, 2017, and closes on March 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 February 28, 2017 and closes on March 6, 2017.
Akash Infra Projects IPO lot size is 1000 Shares, and the minimum amount required is ₹125,000.
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, Nuvama, 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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RHP
Doesn''t matter whether its a bull market or bear market, Akashinfra will always stay lazy like a pig.