Akanksha Power IPO GMP: Akanksha Power and Infrastructure Limited IPO GMP Today

Akanksha Power IPO GMP: Akanksha Power and Infrastructure Limited is all set to make its mark in the Indian stock market with its upcoming SME IPO on the NSE Emerge platform. This IPO comes at an exciting time for both the company and potential investors, and understanding its Grey Market Premium (GMP) is crucial for making informed investment decisions.

Also See: All IPO GMP Price Today

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Akanksha Power and Infrastructure SME IPO Overview

Akanksha Power and Infrastructure is offering a 100% fresh issue IPO with a total issue size of Rs 27.49 Crores. The IPO is scheduled to open for subscription from December 27, 2023, to December 29, 2023. Each share has a face value of Rs 10, and investors can apply for a minimum of one lot containing 2000 shares or in multiples thereof. The price band for each share is set at Rs 52 to Rs 55, as stated in the offer document.

Also See: Upcoming IPO in India

Akanksha Power IPO GMP

The Grey Market Premium (GMP) is a crucial indicator of market sentiment towards an IPO. It represents the price at which an IPO is traded unofficially in the grey market before its official listing. GMP can provide valuable insights into how the market expects the IPO to perform on its listing day.

As of the latest update, the GMP for Akanksha Power and Infrastructure SME IPO is Rs 10. This means that in the grey market, shares of the company are trading at a premium of Rs 10 over the IPO price.

Using this GMP, we can estimate the potential listing price for the IPO. With a price band of Rs 52 to Rs 55, the estimated listing price would be Rs 65 (Rs 55 (cap price) + Rs 10(GMP)). This suggests an expected percentage gain of 18.18% for investors who get allotment at the IPO price.

Here’s a table illustrating the GMP trend for the past few days: [ Last Updated: 03 Jan, 2024; 09:35]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
03-01-2024₹55.00₹1015200₹65 (18.18%)
02-01-2024₹55.00₹1015200₹65 (18.18%)
01-01-2024₹55.00₹1015200₹65 (18.18%)
31-12-2023₹55.00₹1015200₹65 (18.18%)
30-12-2023₹55.00₹1015200₹65 (18.18%)
29-12-2023₹55.00₹1015200₹65 (18.18%)
28-12-2023₹55.00₹1522800₹70 (27.27%)
27-12-2023₹55.00₹1522800₹70 (27.27%)
26-12-2023₹55.00₹1015200₹65 (18.18%)
25-12-2023₹55.00₹1015200₹65 (18.18%)
24-12-2023₹55.00₹1015200₹65 (18.18%)
23-12-2023₹55.00₹1522800₹70 (27.27%)
22-12-2023₹55.00₹1522800₹70 (27.27%)

Understanding the IPO Grey Market Premium

The Grey Market Premium (GMP) is an essential tool for gauging market sentiment, but it’s important to remember that it is unofficial and unregulated. The GMP can be highly volatile and may not always accurately predict the actual listing performance of an IPO.

Investors should use GMP as one of several factors to consider when making an investment decision. Other factors to assess include the company’s fundamentals, industry outlook, financial performance, and the overall market conditions.

Also Read: When Can a Company Go for IPO in India

About Akanksha Power and Infrastructure Limited

Akanksha Power and Infrastructure Limited (APIL) has been in operation since 2008, specializing in the manufacturing of electrical equipment, including electrical switchboards, instrument transformers, and vacuum contactors. The company primarily serves institutional and industrial clients and is actively involved in power transmission and distribution.

APIL’s core production facilities are strategically located to ensure efficiency while maintaining high-quality standards. In addition to manufacturing, the company offers services related to electricity distribution and management. These services encompass electrical infrastructure construction, power quality testing, cloud-based online monitoring, and data analysis, all aimed at improving the management of transmission, distribution, and consumer-level losses.

Furthermore, APIL manages electricity distribution for DISCOMs (Distribution Companies) and takes on turnkey projects involving the supply, installation, commissioning, and maintenance of electrical infrastructure up to 33 KV. The company also handles the technical operation and maintenance of electrical departments in specific regions, including greenfield LED street lighting.

APIL operates primarily in the business-to-business (B2B) segment, supplying products to institutional, non-institutional, corporate clients, and power utilities. The company specializes in the supply of APFC switchboards, instrument transformers, and other electrical equipment through direct contractual arrangements and project contractors.

Also Read: Indian IPO Boom Continues: Rs 60,000 Crore in Share Sales Lined Up for New Year

Strengths of Akanksha Power and Infrastructure

  1. Strong and Unique Product Technology: APIL boasts robust product technology that sets it apart in the industry.
  2. Experienced Promoters and Management: The company is led by experienced promoters and management, ensuring stability and expertise.
  3. Consistency in Quality and Service Standards: APIL maintains consistent high-quality standards in its products and services.
  4. Established Supplier Relationships: The company has established strong relationships with suppliers, ensuring a reliable supply chain.
  5. Stable Customer Base: With a diverse clientele, including power utilities, APIL enjoys a stable customer base.
  6. Wide Range of Products and Services: The company offers a comprehensive range of products and services related to electrical equipment and infrastructure.

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

IPO Objectives

The main objectives of Akanksha Power and Infrastructure SME IPO are as follows:

  1. Capital Expenditure Requirement: The IPO proceeds will be used to meet the capital expenditure requirements of the company.
  2. Working Capital: A portion of the funds will be allocated to meet the working capital needs of the company.
  3. General Corporate Purposes: Some funds will be utilized for general corporate purposes.
  4. Issue Expenses: A part of the proceeds will be used to cover the expenses related to the IPO.

IPO Timeline

Here are the key dates for the Akanksha Power and Infrastructure SME IPO:

  • SME IPO Open Date: December 27, 2023
  • SME IPO Close Date: December 29, 2023
  • Basis of Allotment Finalization Date: January 01, 2024
  • Refunds Initiation: January 02, 2024
  • Credit of Shares to Demat Account: January 02, 2024
  • SME IPO Listing Date: January 03, 2024
Akanksha Power IPO

Conclusion

The Akanksha Power and Infrastructure SME IPO presents an exciting investment opportunity. While the Grey Market Premium (GMP) indicates positive market sentiment, investors should perform thorough due diligence before making any investment decisions. Consider factors such as the company’s fundamentals, industry prospects, and overall market conditions to make an informed choice. Remember that investing in IPOs carries inherent risks, and it’s essential to diversify your portfolio and consult with financial experts if necessary.

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