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anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

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IPO Synopsis
Akash Infraprojects Ltd
Registered Office: 2Ground Floor Abhishek Complex, Opp Hotel Haveli Sector-11, Gandhinagar - 382011, Gujarat
Phone: 1
Email: 1
Website: 1
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 125.00 - 0.00 0.00 - 0.00
Cr. Lead Managers to the Issue
Project Cost 15.62
Project Financed through Current Offer 25.50
Post Issue Equity Share Capital 7.59
Issue Price 125.00
Projects
Long term working capital requirement
General corporate purpose
Promoted By
Yoginkumar H Patel
Ambusinh P Gol
NSE - SME
Registrar to the Issue
Attention Investor
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