Founded in July 2008, Akanksha Power and Infrastructure Limited manufactures electrical equipment such as switchboards, transformers and vacuum contactors for institutions, industries and utilities.

The company’s product portfolio includes manufacturing and supply of CT-PT, metering units, cubic automatic power correction panels (capacitor panels), fixed capacitor banks, motor control centre (MCC), power control centre (PCC), variable frequency drive (VFD) panels, thyristor switches and vacuum contactors. The company also offers energy management systems and smart energy metres (Advanced Metering Infrastructure). In addition, the company offers engineering and implementation services for turnkey electrical projects.

In addition to production and manufacturing, the company also offers services related to the distribution and management of electricity. The company’s operations include setting up electrical infrastructure that includes power quality testing, site analytics, online cloud-based multiple monitoring and data analytics for better management. The company aims to reduce losses in transmission, distribution and at the user level.

The company’s customer base includes Military Engineer Services, Hindustan Aeronautics Limited, Coal India Limited, HINDALCO Industries Limited, Indian Oil Corporation Limited, Ordnance Factory Board, Larson & Toubro Limited, NALCO, ABB India Private Limited, Hitachi Energy India Limited, TPCODL (Tata Power Group), Jindal Stainless Limited, National Mineral Development Corporation Limited, Steel Authority of India Limited, Thyssenkrupp Electrical Steels Limited, Kutch Copper Limited (Adani Group) and TPNODL (Tata Power Northern Odissa Distribution Limited).

The company is certified as an ISO 9001:2015 compliant organisation

The company has two manufacturing facilities in Satpur, Nashik, Maharashtra, India.

As of June 30, 2023, the company has 62 permanent employees and 387 contract employees who are paid on a daily basis.

As of June 30, 2023, Odisha contributed 34.61% to the company’s total revenue, while Maharashtra, Chhattisgarh, Karnataka and Gujrat contributed 8.77%, 0.10%, 3.19% and 1.30%, respectively.


Akanksha Power and Infrastructure IPO Details

IPO Date December 27, 2023 to December 29, 2023
Listing Date [.]
Face Value ₹10 per share
Price Band ₹52 to ₹55 per share
Lot Size 2000 Shares
Total Issue Size 4,998,000 shares
(aggregating up to ₹27.49 Cr)
Fresh Issue 4,998,000 shares
(aggregating up to ₹27.49 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue 11,260,200
Share holding post issue 16,258,200
Market Maker portion 260,000 shares


Akanksha Power and Infrastructure IPO Timeline (Tentative Schedule)

Akanksha Power and Infrastructure IPO opens on December 27, 2023, and closes on December 29, 2023.

IPO Open Date Wednesday, December 27, 2023
IPO Close Date Friday, December 29, 2023
Basis of Allotment Monday, January 1, 2024
Initiation of Refunds Tuesday, January 2, 2024
Credit of Shares to Demat Tuesday, January 2, 2024
Listing Date Wednesday, January 3, 2024
Cut-off time for UPI mandate confirmation 5 PM on December 29, 2023


Akanksha Power and Infrastructure IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹110,000
Retail (Max) 1 2000 ₹110,000
HNI (Min) 2 4,000 ₹220,000


Akanksha Power and Infrastructure IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue


Akanksha Power and Infrastructure IPO Promoter Holding

The promoter of the Company is Mr Bipin Bihari Das Mohapatra and Ms Chaitali Bipin Dasmohapatra.

Share Holding Pre Issue 83.28%
Share Holding Post Issue 60.81%


Akanksha Power and Infrastructure IPO Anchor Investors Details

Akanksha Power and Infrastructure IPO raises Rs 7.80 crore from anchor investors. Akanksha Power and Infrastructure IPO Anchor bid date is December 26, 2023.

Bid Date December 26, 2023
Shares Offered 1,418,000
Anchor Portion Size (In Cr.) 7.80
Anchor lock-in period end date for 50% shares (30 Days) February 13, 2024
Anchor lock-in period end date for remaining shares (90 Days) May 15, 2024


Akanksha Power and Infrastructure Limited Financial Information (Restated)

Akanksha Power and Infrastructure Limited’s revenue decreased by -10.8% and profit after tax (PAT) rose by 20.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 30 Jun 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 5,530.82 4,762.65 3,838.92 3,781.19
Revenue 1,027.27 4,644.03 5,206.50 7,441.05
Profit After Tax 71.06 290.50 240.92 392.12
Net Worth 2,074.75 1,595.94 1,305.42 1,064.50
Reserves and Surplus 722.70 1,414.44 1,123.92 883.00
Total Borrowing 1,722.62 1,527.68 1,055.03 891.47
Amount in ₹ Lakhs


Key Performance Indicator

KPI Values
P/E (x) 24.02
ROE 18.20%
ROCE 22.75%
Debt/Equity 0.96
EPS (Rs) 2.29
RoNW 18.20%

Objects of the Issue (Akanksha Power and Infrastructure IPO Objectives)

The objects of the Issue are:-

  1. To meet out the Capital Expenditure Requirement of Company;
  2. To meet out the Working Capital requirements of the Company;
  3. To meet out the General Corporate Purposes; and
  4. To meet out the Issue Expenses.


IPO Details

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