You are currently viewing Akanksha Power IPO GMP: IPO Closes Today! Check Its latest GMP, Subsciption Status, Listing Date, Allotment Status and Details.
Akanksha Power IPO GMP

Akanksha Power IPO GMP: IPO Closes Today! Check Its latest GMP, Subsciption Status, Listing Date, Allotment Status and Details.

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Akanksha Power IPO GMP
-Akanksha Power IPO GMP

With the new year, a new festive trend is emerging in the Indian stock market Akanksha Power IPO. Everyone wants to know about akanksha power ipo gmp, review, akanksha power ipo subscription status, listing date Etc. In this blog post we will give you information regarding Akanksha power IPO

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Akanksha Power IPO Details

The new inflation offering of shares of Akanksha Power & Infrastructure IPO is worth Rs 27.49 crore. There are a total of 49.98 lakh new shares in this IPO.

The subscription dates for the IPO will start from December 27, 2023 till today, December 29, 2023. It is expected to be alloted on Monday, January 1, 2024 and listed on NSE SME with date to be confirmed on Wednesday, January 3, 2024.

The price range of the IPO is ₹52 to ₹55 per share and the minimum lot size for an application is 2000 shares. The minimum investment amount for retail investors is ₹1,10,000, while for HNIs the minimum investment is ₹2,20,000 in two lots (4,000 shares).

Narnolia Financial Services Limited is the book running lead manager of the IPO, while its registrar is Company Link Intime India Private Limited. Nikunj is the stock brokers and SS Corporate Securities are the market makers for the IPO.

For detailed information you may refer to the RHP (Red Herring Prospectus) of Akanksha Power & Infrastructure IPO.

IPO DateDecember 27, 2023 to December 29, 2023
Listing Date3-1-2024
Face Value₹10 per share
Price Band₹52 to ₹55 per share
Lot Size2000 Shares
Total Issue Size4,998,000 shares
(aggregating up to ₹27.49 Cr)
Fresh Issue4,998,000 shares
(aggregating up to ₹27.49 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue11,260,200
Share holding post issue16,258,200
Market Maker portion260,000 shares
Nikunj Stock Brokers
Ss Corporate Securities
-Akanksha Power IPO GMP

Akanksha Power IPO subscription status

Akanksha Power IPO GMP
-Akanksha Power IPO GMP

Subscription of Akanksha Power and Infrastructure IPO has increased by 93.58 times. Its broad quotient is 89.11 times in the retail category, 28.92 times in the QIB (Qualified Institutional Buyers), and 190.13 times in NII category, all as of 3:21:00 PM on December 29, 2023.

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Akanksha Power IPO GMP

The last Gray Market Premium Akanksha Power IPO GMP is ₹10, which was last updated on Dec 29, 2023 at 03:26 PM. With its price range of ₹55.00, the estimated listing price of Akanksha Power & Infrastructure SME IPO is ₹65 (Cap Price + Today’s GMP). The expected percentage profit/loss per share is 18.18%.

Akanksha Power & Infrastructure SME IPO’s retail subject to deal: ₹15,200

Also Read: Innova Captab IPO Subscription Status: Issue subscribed over 22 times on day 3 so far; NII, retail portion oversubscribed; GMP drops

Akanksha Power IPO Allotment Status

The determination of allotment of Akanksha Power & Infrastructure IPO is tentative and is being finalized, which is expected to happen on Monday, January 1, 2024.

Akanksha Power IPO Listing Date

The IPO will be listed on NSE SME, with a tentative listing date of Wednesday, January 3, 2024. At this critical juncture, investors are hopeful that the IPO of Akanksha Power & Infrastructure will provide them an opportunity for fresh investments and usher in a new sequentially driven run in the market.

Akanksha Power IPO lot size and price

Investors participating in the Akanksha Power and Infrastructure IPO can bid for shares in lots, with each lot comprising a minimum of 2000 shares. Bids can be made in multiples of this lot size.

Here is a table illustrating the minimum and maximum investment criteria for retail investors and High Net Worth Individuals (HNI) in terms of both shares and the corresponding amount:

ApplicationLotsSharesAmount
Retail (Min)12000₹110,000
Retail (Max)12000₹110,000
HNI (Min)24,000₹220,000
-Akanksha Power IPO GMP

Disclaimer: bollywoodbuzzfeed provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

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