Akash Infraprojects Ltd - Prospectus Synopsis

Akash Infraprojects Ltd RHP

Registered Office : 2Ground Floor Abhishek Complex , Opp Hotel Haveli Sector-11 , Gandhinagar - 382011 , Gujarat , India.

Phone : 91-79-23227006  Fax :

Email : ipo@akashinfra.com    Website : www.akashinfra.com

Public issue of 20,40,000 equity shares of Rs. 10 each (equity shares) of Akash Infra-projects Ltd (AIPL or the Company or the Issuer) for cash at a price of Rs. 125 per share (the issue price), Aggregating to Rs. 25.50 crores (the issue), consisting of fresh issue of 12,67,200 equity shares aggregating to Rs. 15.84 crores and an offer for sale of 7,72,800 equity shares aggregating to Rs. 9.66 crores (the offer for sale), comprising of 3,86,400 equity shares by Mr. Yoginkumar Patel and 3,86,400 equity shares by Mr. Ambusinh Gol (Collectively reffered as selling shareholders and promoters). The issue comprises a net issue to the public of 19,32,000 equity share aggregating to Rs.24.15 crores. (the net issue) and a reservation of 1,08,000 equity shares aggregating to Rs. 1.35 crores for subscription by the market makers to the issue (the market maker reservation portion). The issue and the net issue will constitute 26.88% and 25.46% respectively of the post issue paid up capital of the company. Tha face value of equity shares is Rs. 10 each and the issue price is 12.50 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
28-Feb-2017 06-Mar-2017 Rs 125 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 1000 Further Multiples of : 1000
  Rs Cr Lead Managers to the Issue
Project Cost 15.62 Tipsons Consultancy Services Pvt Ltd
Project Financed through Current Offer 25.5  
Post Issue Equity Share Capital 7.59  
Issue Price Rs. 125  
Long term working capital requirement
Promoted By Listing At Registrar to the Issue
Ambusinh P Gol
Yoginkumar H Patel
NSE - SME Purva Sharegistry (I) Pvt Ltd

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