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Akanksha Power and Infrastructure IPO
Akanksha Power and Infrastructure Limited
₹1,04,000 /2000 sharesMinimum Investment
Akanksha Power and Infrastructure IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 27 Dec ‘23 - 29 Dec ‘23 | ₹1,04,000 | 2,000 | ₹52 - ₹55 |
| Issue Size | IPO Doc |
|---|---|
| 27.49Cr | RHP PDF |
About Akanksha Power and Infrastructure
Founded in
2008
Managing director
Mr. Bipin Bihari Das Mohapatra
Parent organisation
Akanksha Power and Infrastructure Limited
Strengths & Financials of Akanksha Power and Infrastructure
Strengths
Risks
Akanksha Power has benefitted from partnerships with international firms like TDK-Japan and MATRICA-Russia. This allows them to integrate advanced global technologies into their products.
Akanksha Power has received ISO 9001:2015 certification, reflecting high standards in manufacturing and supply of electrical equipment.
Their established relationships with suppliers ensure a reliable and timely supply of materials, crucial for maintaining product quality and meeting customer demands.
The company has built a stable and varied customer base, including significant work for government projects.
They offer a wide range of products and services, including customized solutions for different industry needs, showcasing their versatility in the electrical equipment sector.
The company's promoters are first-generation entrepreneurs. Their limited experience may impact the company's growth prospects.
Akanksha Power and Infrastructure is involved in legal proceedings, which, if resolved unfavorably, could result in liabilities and adversely affect business operations. These proceedings involve a disputed amount of Rs. 10,32,750/- in civil cases and Rs. 2,81,500/- in criminal cases.
The company does not own the property of its factory premises in Nashik, Maharashtra, which is under litigation. An unfavorable outcome could disrupt manufacturing operations.
The company has shown a downward trend in revenue Rs. 5183.70 lakhs in March 2022 to Rs. 4644.03 lakhs in March 2023, which, if continued, could adversely impact business operations and financial health.
The company has negative cash flow in the last 3 financial years. Sustained negative cash flow from operating and investing activities could impact the company’s growth and business prospects.
A significant portion of revenue comes from government tenders. Failure to secure these could adversely affect business operations.
Outstanding unsecured loans amounting to Rs. 543.28 lakhs may be recalled by lenders at any time, impacting financial stability.
The company has contingent liabilities which, if materialized, could adversely affect financial conditions.
The statutory auditor has emphasized concerns regarding the valid title deed of a factory premise, which could impact operations and financial position.
Akanksha Power and Infrastructure has faced penalties for non-compliance with provisions of the Employees' Provident Fund (EPF) Act and other applicable laws, including delays and errors in filings. Continued non-compliance or errors in regulatory filings could lead to further penalties and liabilities, negatively impacting the company's financial condition and operational results.
Akanksha Power and Infrastructure Financials
*All values are in Rs. Cr
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Application Details of Akanksha Power and Infrastructure IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹52 - 55 | ₹2 - 5 Lakh |
| High Networth Individual | ₹52 - 55 | ₹2 - 5 Lakh |
For Akanksha Power and Infrastructure IPO, eligible investors can apply as Regular.