Akash Infra-Projects IPO

Akash Infra-Projects IPO

Akash Infra-projects Logo

 

Akash Infra-Projects Limited is engaged into the business of civil construction and has undertaken various government contracts for construction of roads. The company is primarily into the construction of roads, resurfacing, widening repairs of roads and minor bridges etc. The company has proven track record of successful completion of various road projects in the state of Gujarat. Akash Infra-Projects Limited are currently serving in the in central and northern region of Gujarat.

Eligibility requirements generally include project experience; engineering capabilities and financial strength etc. The company has made registration as “Class AA” Contractors and special Category 1 in Road Works with Government of Gujarat and “Class AA” Contractors with Ahmedabad Municipal Corporation in order to execute contracts of higher valuer.

The company is also into the business of hospitality segment and operating and managing hotel named Pathikashram at Gandhinagar which is owned by Gujarat Government. Gujarat Government, in steps towards privatization has given a portion of 30 rooms, 3 Dormitories, dinning hall, conference hall, Party Plot with Staff Quarters of Pathikashram to Akash Infra-Projects to run on private bases with fix monthly rental.

Promoters of Akash Infra-Projects Limited – Yoginkumar H Patel, Ambusinh P Gol

Akash Infra-Projects IPO details

Subscription Dates 28 Feb - 6 Mar 2017
IPO Price band INR125 per share
Fresh issue 1,267,200 shares (INR15.84 crore)
Offer for sale 772,800 shares (INR9.66 crore)
Total IPO size 2,040,000 shares (INR25.50 crore)
Minimum bid (lot size) 1,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE SME

 

Akash Infra-Projects' financial performance (in INR crore)

FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue

65.28

211.55 153.22 103.43

88.92

Total expenses

62.45

203.45 142.69 98.02

86.53

Profit after tax

1.43 7.49 9.77 5.43

3.98

 

Day

Subscription (no. of times)

Day 1

 0.05

Day 2

 0.16

Day 3

 0.59

Day 4

0.84

Day 5

 1.85

Akash Infra-Projects Limited
2 Ground Floor, Abhishek Complex, Opp. Hotel Haveli
Sector 11, Gandhinagar, Gujarat 382 011

Phone: +91 079 2322 7006
Email: ipo@akashinfra.com
Website: www.akashinfra.com

Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate, J.R. Boricha Marg,
Opp. Kasturba Hospital Lane, Lower Parel (E)
Mumbai - 400 011

Phone: +91 22 2301 6761
Fax: +91 22 2301 2517
Email: purvashr@mtnl.net.in
Website: www.purvashare.com

Akash Infra-Projects IPO allotment status is now available on Purva Sharegistry's website. You can check IPO allotment status at this link

http://www.purvashare.com/queries/

IPO Opening Date: 28 February 2017

IPO Closing Date:  6 March 2017

Listing Date: 15 March 2017

Listing Price on NSE Emerge: INR124.5 per share (discount of 0.4% on IPO price)

Closing Price on NSE Emerge: INR128.15 per share (return of 2.5% on IPO price)

Akash Infra-Projects IPO
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