Akanksha Power and Infra IPO: The allotment of shares of Akanksha Power and Infra IPO will be completed on Monday. Investors can check the allotment status on the registrar's portal, Link Inktime India Private Ltd.
Akanksha Power's IPO, which opened for public subscription between December 27 and 29, fetched a whopping 117.39 times subscription. Once the allotment is completed, the IPO will be listed on the NSE SME on January 3.
How to Check IPO Allotment Status of Akanksha Power and Infra via Link Intime India
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1) Go to Link Intime India Private Limited web portal – https://www.linkintime.co.in/IPO/public-issues.html.
2) Select the IPO – “Akanksha Power and Infrastructure” – in the dropbox. It is important to note that the name of the IPO will not be registered until the allotment is completed.
3) Select one of the three options: “PAN”, “Application Number” or “DP Client ID”.
4) For Application Type, select between ASBA and Non-ASBA.
5) Enter the details of the mode you selected in step 2.
6) In the next step, fill the captcha and click on the “Search” button.
The status of your Akanksha Power and Infra IPO application will be displayed on the screen.
Akanksha Power and Infra IPO GMP today
According to market observers, unlisted shares of Akanksha Power and Infrastructure are currently trading Rs 10 higher than their issue price in the gray market. The gray market premium or GMP of Rs 10 means that the gray market expects a listing profit of 18.18 percent from the public issue. The GMP is based on market sentiment and is constantly changing.
“Gray market premium” indicates investors’ willingness to pay more than the issue price.
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Akanksha Power and Infra IPO details
The Rs 27.49 crore IPO is a pure fresh issue of 49.98 lakh shares.
The price range for the IPO of Akanksha Power and Infrastructure has been set at Rs 52-55 per share. The minimum lot size for registration is 2,000 shares. The minimum investment amount required for retail investors is Rs 1,10,000.
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Narnolia Financial Services Ltd is the book running lead manager of the IPO of Akanksha Power and Infrastructure while Link Intime India Private Ltd is the registrar for the issue. The market maker for the IPO of Akanksha Power and Infrastructure is Nikunj Stock Brokers and Ss Corporate Securities.
Established in July 2008, Akanksha Power and Infrastructure Limited manufactures electrical equipment such as switchboards, transformers and vacuum contactors for institutions, industries and utilities.
Mohammad HarisHaris is Deputy News Editor (Business) at news18.com. He writes on various topics…Read more
first published: January 01, 2024, 11:22 IST
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