Akash Infraprojects Ltd

- Tipsons Consultancy Services Pvt Ltd

Public issue of 20,40,000 equity shares of Rs. 10 each (equity shares) of Akash Infra-projects Ltd (AIPL or the Company or the Issuer) for cash at a price of Rs. 125 per share (the issue price), Aggregating to Rs. 25.50 crores (the issue), consisting of fresh issue of 12,67,200 equity shares aggregating to Rs. 15.84 crores and an offer for sale of 7,72,800 equity shares aggregating to Rs. 9.66 crores (the offer for sale), comprising of 3,86,400 equity shares by Mr. Yoginkumar Patel and 3,86,400 equity shares by Mr. Ambusinh Gol (Collectively reffered as selling shareholders and promoters). The issue comprises a net issue to the public of 19,32,000 equity share aggregating to Rs.24.15 crores. (the net issue) and a reservation of 1,08,000 equity shares aggregating to Rs. 1.35 crores for subscription by the market makers to the issue (the market maker reservation portion). The issue and the net issue will constitute 26.88% and 25.46% respectively of the post issue paid up capital of the company.Tha face value of equity shares is Rs. 10 each and the issue price is 12.50 times of the face value.

  • Issue

    • Opens On28 Feb 2017
    • Closes On06 Mar 2017
  • Money Payable On

    • Application125
    • Allotment0
  • Project Cost (Cr.)15.62
  • Post Issue Equity Share Capital (Cr.)7.59
  • Issue Price (D)125

Further Multiples of: 1000

Projects

  • Promoted By
    • Listing At - NSE - SME
    • Registrar to the Issue - Purva Sharegistry (I) Pvt Ltd

    2Ground Floor Abhishek Complex Opp Hotel Haveli Sector-11 Gandhinagar

    Gujarat- 382011

    Phone - 91-79-23227006

    Fax -

    Email - ipo@akashinfra.com

    Website - www.akashinfra.com

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