IPO

Aakash Exploration Services Limited IPO

NSE SME

Offer Date: Apr 17, 2018 - Apr 19, 2018

₹ 224000 /4000 Shares
*Min Investment

17 Apr, 2018

Open Date

19 Apr, 2018

Close Date

25 Apr, 2018

Allotment Date

27 Apr, 2018

Listing Date
IPO Issue Details
  • Issue Price Rs 56 Per Equity Share 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 18,00,000 Equity Shares of Rs 10/- each at a price of Rs 56/- per share aggregating to 10.08 Cr 
  • Listing at NSE SME
  • Lead Manager MONARCH NETWORTH CAPITAL LIMITED
  • Registrar Skyline Financial Services Private Ltd
IPO Details
  • Retail Portion N/A
IPO Details


Aakash Exploration Services Limited IPO is an SME IPO, priced at Rs 56 Per Equity Share . The equity shares have a face value of Rs 10 Per Equity Share  each and will be listed on the NSE SME platform.

The IPO bidding window is open from Apr 17, 2018 to Apr 19, 2018. The allotment is expected to be finalized on Apr 25, 2018, and the tentative listing date is Apr 27, 2018.


The registrar of the IPO is Skyline Financial Services Private Ltd , and

Read More
IPO Subscription Analysis And Details
As onQIB / NIIRetailTotal
Shares Offered / Reserved8,55,0008,55,00017,10,000
Day 1 17-04-18
4,00,000 0.47 x24,000 0.03 x4,24,000 0.25 x
Day 2 18-04-18
9,36,000 1.09 x3,42,000 0.40 x12,78,000 0.75 x
Day 3 19-04-18
13,60,000 1.59 x11,78,000 1.38 x25,38,000 1.48 x
Day 4 17-04-18
N/A xN/A xN/A x
Valuations
Earnings Per Share (EPS) Rs 1.62
P/E Ratio 34.57
RoNW 6.48%
Net Asset Value (NAV) - (as on 31.12.17) Rs 35.67
IPO - Issue Objectives
1

Payment of Cash Credit Facilities

2

Repayment of Unsecured Loans

3

Working Capital Requirement

4

General Corporate Purpose

5

Issue Expense