IPO Synopsis
Home >> IPO >> IPO Synopsis
Aakash Exploration Services Ltd
Registered Office:
424-426 4th Floor Shukan Mall,Nr.Visat Petrol Pump Sabarmati,
Ahmedabad - 380005,
Gujarat, India.
Public issue of 18,00,000 equity shares of face value of (Rs) 10/- each ("equity shares") of Aakash Exploration Services Limited ("The Company" or "The Issuer") for cash at a price (Rs) 56/- per equity share (including a share premium of (Rs) 46/- per equity share) ("issue price") aggregating to (Rs) 10.08 crores ("the issue"), of which 90,000 equity shares of face value of (Rs) 10/- each for a cash price of (Rs) 56/- per equity share, aggregating to (Rs) 0.50 crores well be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 17,10,000 equity shares of face value of (Rs) 10/- each at an issue price of (Rs) 56/- per equity share aggregating to (Rs) 9.58 crores (the "net issue"). The issue and the net issue will constitute 26.67% and 25.33%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is (Rs) 10/- each and the issue price of (Rs) 56/-. The Issue price is 5.6 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
17-Apr-18
19-Apr-18
56.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 2000   Further Multiples of : 2000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
10.08
Monarch Networth Capital Ltd
Project Financed through Current Offer
10.08
 
Post Issue Equity Share Capital
6.75
 
Issue Price
56.00
 
Projects
Payment of cash credit facilities
Repayment of unsecured loans
Working capital requirement
General corporate purpose
Promoted By
Vipul Navin Haria
Hemang Navin Haria
Krunal Pravin Haria
Listing At
NSE - SME
Registrar to the Issue
Skyline Financial Services Pvt
Adani Ports & Special Economic Zone Ltd     333.35   Up   12.10 (3.77%)   Asian Paints Ltd     1,267.60   Up   17.30 (1.38%)   Axis Bank Ltd     588.85   Up   12.30 (2.13%)   Bajaj Auto Ltd     2,610.50   Down   -9.95 (-0.38%)   Bajaj Finance Ltd     2,308.85   Up   2.65 (0.11%)   Bajaj Finserv Ltd     5,657.10   Up   22.85 (0.41%)   Bharat Petroleum Corporation Ltd     302.10   Up   5.75 (1.94%)   Bharti Airtel Ltd     294.00   Up   2.90 (1.00%)   Bharti Infratel Ltd     266.25   Down   -2.35 (-0.87%)   Cipla Ltd     639.75   Down   -8.10 (-1.25%)   Coal India Ltd     276.40   Up   0.75 (0.27%)   Dr Reddys Laboratories Ltd     2,573.60   Up   6.75 (0.26%)   Eicher Motors Ltd     23,002.15   Down   -432.35 (-1.84%)   GAIL (India) Ltd     352.30   Up   1.25 (0.36%)   Grasim Industries Ltd     905.50   Up   7.60 (0.85%)   HCL Technologies Ltd     1,003.40   Up   0.45 (0.04%)   HDFC Bank Ltd     1,992.75   Down   -15.30 (-0.76%)   Hero Honda Motors Ltd     2,895.20   Up   13.95 (0.48%)   Hindalco Industries Ltd     230.55   Down   -1.20 (-0.52%)   Hindustan Petroleum Corporation Ltd     212.15   Down   -0.35 (-0.16%)   Hindustan Unilever Ltd     1,546.20   Up   19.90 (1.30%)   Housing Development Finance Corporation Ltd     1,756.25   Up   23.35 (1.35%)   ICICI Bank Ltd     320.65   Up   7.30 (2.33%)   Indiabulls Housing Finance Ltd     907.35   Down   -41.55 (-4.38%)   Indian Oil Corporation Ltd     135.45   Up   0.40 (0.30%)   IndusInd Bank Ltd     1,620.55   Down   -6.40 (-0.39%)   Infosys Technologies Ltd     695.25   Down   -3.55 (-0.51%)   ITC Ltd     282.65   Up   0.15 (0.05%)   JSW Steel Ltd     373.60   Down   -3.20 (-0.85%)   Kotak Mahindra Bank Ltd     1,175.75   Up   5.30 (0.45%)   Larsen & Toubro Ltd     1,224.65   Up   8.25 (0.68%)   Mahindra & Mahindra Ltd     777.70   Up   28.70 (3.83%)   Maruti Suzuki India Ltd     7,150.90   Down   -31.10 (-0.43%)   NIFTY (S&P CNX)     10,584.75   Up   72.25 (0.69%)   NTPC Ltd     163.95   Down   -0.70 (-0.43%)   Oil & Natural Gas Corpn Ltd     165.60   Up   5.45 (3.40%)   Power Grid Corporation of India Ltd     187.20   Down   -0.90 (-0.48%)   Reliance Industries Ltd     1,163.80   Up   24.05 (2.11%)   State Bank of India     270.30   Up   7.10 (2.70%)   Sun Pharmaceuticals Industries Ltd     602.70   Up   2.75 (0.46%)   Tata Consultancy Services Ltd     1,962.30   Up   12.80 (0.66%)   Tata Motors Ltd     185.85   Up   1.50 (0.81%)   Tata Steel Ltd     572.80   Up   2.80 (0.49%)   Tech Mahindra Ltd     718.70   Up   24.15 (3.48%)   Titan Company Ltd     810.60   Up   3.40 (0.42%)   UltraTech Cement Ltd     3,752.70   Up   44.30 (1.19%)   UPL Ltd     642.10   Up   6.15 (0.97%)   Vedanta Ltd     212.45   Up   1.85 (0.88%)   Wipro Ltd     319.05   Down   -0.90 (-0.28%)   Yes Bank Ltd     248.90   Up   2.90 (1.18%)   Zee Entertainment Enterprises Ltd     469.75   Down   -2.75 (-0.58%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com