Akanksha Power and Infra IPO opens next week; price band set at ₹52-55 apiece

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Key Points

Akanksha Power and Infrastructure IPO: The initial public offering (IPO) of small and medium-sized enterprises (SME) Akanksha Power and Infrastructure opens for subscription on Wednesday, on December 27, 2023 and closes on December 29, 2023..

Akanksha Power and Infrastructure IPO has reserved not more than 50 per cent of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15 per cent for Non Institutional Investors (NII), and not less than 35 per cent of the offer is reserved for Retail Investors..

Narnolia Financial Services Ltd is the book running lead manager of the Akanksha Power and Infrastructure IPO, while Link Intime India Private Ltd is the registrar for the issue..

The market maker for Akanksha Power and Infrastructure IPO are Nikunj Stock Brokers and Ss Corporate Securities...

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Akanksha Power and Infrastructure share price is 70 apiece, which is 27.27 per cent higher than the IPO price of 55..

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