December 26, 2023Sankunni K

Akanksha Power and Infrastructure IPO to open tomorrow: Check price, GMP & more

IPO Details: Akanksha Power and Infrastructure is set to launch its IPO with a book-built issue of Rs 27.49 crores, consisting of an entirely fresh issue of 49.98 lakh shares.

Source: Akanksha Power and Infrastructure

Subscription Period: The IPO opens for subscription on December 27, 2023, and closes on December 29, 2023. The allotment is expected to be finalized on January 1, 2024.

Source: Akanksha Power and Infrastructure

Listing Details: Akanksha Power and Infrastructure IPO is slated to list on NSE SME, with a tentative listing date of January 3, 2024.

Source: Akanksha Power and Infrastructure

Price Band: The IPO price band is fixed at ₹52 to ₹55 per share, and the minimum lot size for an application is 2000 shares.

Source: Unsplash

Minimum Investment: Retail investors require a minimum investment of ₹110,000, while the minimum lot size investment for HNIs is 2 lots (4,000 shares) amounting to ₹220,000.

Source: Unsplash

Narnolia Financial Services Ltd is book running lead manager, and Link Intime India Private Ltd is the registrar for the issue. Market makers include Nikunj Stock Brokers and Ss Corporate Securities.

Source: Unsplash

Akanksha Power and Infra SME IPO last GMP is ₹10, last updated Dec 26, 2023. Akanksha Power and Infra SME IPO's estimated listing price is ₹65 (cap price + today's GMP).

Source: Unsplash