Akanksha Power and Infrastructure Limited IPO Closed
| IPO date | 27 Dec 2023 – 29 Dec 2023 |
| Listing date | 03 Jan 2024 |
| Price range | 52 – 55 |
| Minimum order quantity | 2000 | (D)RHP | View |
Akanksha Power and Infrastructure Limited is launching its IPO. The IPO opens for subscription on 27th December and will close on 29th December 2023.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on listing.
What does Akanksha Power and Infrastructure Limited do?
Incorporated in 2008, Akanksha Power and Infrastructure Limited is engaged in the business of manufacturing of electric equipments, including electrical panels, instrument transformers, and vacuum contactors, catering to consumers from institutions, industries, and electricity transmission and distribution utilities.
It’s product portfolio includes the Design, Manufacturing, and Supply of CT-PT, Metering Units and Cubical, Automatic power correction panels (Capacitor Panel), fixed capacitor banks, Motor Control Centre (MCC), Power Control Centre (PCC), Variable Frequency Drive (VFD) Panels, Thyristor switches and Vacuum contactors, Energy Management System and Smart Energy Meters (Advanced Metering Infrastructure), in addition to engineering and execution of electrical turnkey projects.
It has two manufacturing facilities in Nashik, Maharashtra, India, and has a marquee client base that includes HAL, Coal India Limited, Hindalco, IOC, L&T, NALCO, SAIL, TPCODL (Tata Power Group) & Kutch Copper Limited (Adani Group).
Schedule of Akanksha Power and Infrastructure Limited IPO
| Issue Period | 27th December to 29th December 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | January 01, 2024 |
| Initiation of Refunds | January 02, 2024 |
| Credit of Shares | January 02, 2024 |
| Date of Listing | January 03, 2024 |
| Mandate end date | January 13, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 29, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 29, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Akanksha Power and Infrastructure Limited IPO?
You can apply for the Akanksha Power and Infrastructure Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Akanksha Power and Infrastructure Limited IPO?
You can check the allotment status for the Akanksha Power and Infrastructure Limited IPO on the website of the Registrar and Transfer agent.