Akanksha Power and Infra IPO: The allotment of Akanksha Power and Infra IPO’s shares will be finalised on Monday. Investors can check the allotment status on the registrar’s portal, which is Link Inktime India Private Ltd.
Akanksha Power IPO, which was opened for public subscription between December 27 and December 29, received a whopping 117.39 times subscription. Once the allotment is finalised, the IPO will be listed on January 3 on the NSE SME.
How to Check Akanksha Power and Infra IPO Allotment Status via Link Intime India
1) Go to the web portal of Link Intime India Private Limited — https://www.linkintime.co.in/IPO/public-issues.html.
2) Select the IPO — ‘Akanksha Power and Infrastructure’ — in the dropbox. It must be noted that the name of the IPO will be populated only when the allotment is finalised.
3) Select either one of the three options: ‘PAN’ or ‘Application Number’, or ‘DP Client ID’.
4) In the application type, select between ASBA and non-ASBA.
5) Enter the details of the mode that you have 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 visible on 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 in the grey market as compared with its issue price. The Rs 10 grey market premium or GMP means the grey market is expecting an 18.18 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Akanksha Power and Infra IPO Details
The Rs 27.49-crore IPO is entirely a fresh issue of 49.98 lakh shares.
The Akanksha Power and Infrastructure IPO’s price band has been fixed at Rs 52 to Rs 55 per share. The minimum lot size for an application is 2,000 shares. The minimum amount of investment required by retail investors is Rs 1,10,000.
Narnolia Financial Services Ltd is the book running lead manager of the Akanksha Power and Infrastructure IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Akanksha Power and Infrastructure IPO are Nikunj Stock Brokers and Ss Corporate Securities.
Founded in July 2008, Akanksha Power and Infrastructure Limited manufactures electrical equipment such as switchboards, transformers and vacuum contactors for institutions, industries and utilities.
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