Akanksha Power IPO Subscription Details

Bookbuilding IPO | ₹27 Cr | Listed at NSE SME | Wed, Dec 27, 2023 - Fri, Dec 29, 2023

Basis of Allotment - Akanksha Power IPO

Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB
Allocation (No. of shares)9,48,00014,18,00023,66,0007,12,00016,60,00047,38,000
Allotment price (Rs.)555555555555
No.of applications264309,13389,48198,644
No.of shares applied3,61,58,00014,18,0003,75,76,00016,93,30,00017,89,62,00038,58,68,000
Amount collected (Rs.cr.)198.87 7.80 206.67 931.32 984.29 2,122.27
No.of times subscribed38.141.0015.88237.82107.8181.44
No.of shares allotted9,48,00014,18,00023,66,0007,12,00016,60,00047,38,000
Amount (Rs.cr.)5.21 7.80 13.01 3.92 9.13 26.06
No.of allottees264302958301,155

IPO Shares Offered

Akanksha Power IPO is a public issue of 0.47 Cr equity shares. The issue offers 0.17 Cr shares to retail investors, 0.24 Cr shares to qualified institutional buyers, and 0.07 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
Market Maker2,60,0001.43 5.20%
QIB 23,66,00013.01 47.34%
    Anchor 14,18,000 7.80 28.37%
    QIB (Ex Anchor) 9,48,000 5.21 18.97%
NII* 7,12,0003.92 14.25%
Retail16,60,0009.13 33.21%
Total49,98,00027.49 100%

Akanksha Power IPO Anchor Investor Allocation

A total of 14,18,000 shares at a price of Rs 55 per share will be allotted to the anchor investors.

Anchor investors bid opening dateDec 26, 2023
Anchor investor price₹55.00
Anchor investors as % of QIBs59.93%
No. of shares locked-in for 30 days7,09,000
No. of shares locked-in for 90 days7,09,000
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 LC RADIANCE FUND VCC LC RADIANCE 4,00,000 2.20 28.21 8.00
2 RESONANCE OPPORTUNITIES FUND RESONANCE OPPORTUNITIES 3,64,000 2.00 25.67 7.28
3 MONEYWISE FINANCIAL SERVICES PVT.LTD. MONEYWISE FINANCIAL SERVICES 3,54,000 1.95 24.96 7.08
4 NEXUS GLOBAL OPPORTUNITIES FUND NEXUS 3,00,000 1.65 21.16 6.00
14,18,0007.8010028.37

IPO Subscription FAQs

The Akanksha Power IPO is subscribed 117.39 times by Dec 29, 2023 19:29.

Akanksha Power IPO Subscription

Investor Category Subscription (times)
Qualified Institutional38.51
Non Institutional238.6
Retail Individual110.44
Total Subscription117.39

Retail category of Akanksha Power IPO subscribed 110.44 times as of date Dec 29, 2023 19:29. The public issue closes on Fri, Dec 29, 2023 for bidding.

An investor can apply in Akanksha Power IPO online via bank (using ASBA) or the broker (using UPI). The Akanksha Power IPO shares are offered online only.

The Akanksha Power IPO is subscribed 117.39 times by Dec 29, 2023 19:29.

The Akanksha Power IPO allotment status is expected on or around Monday, January 1, 2024. Visit Akanksha Power IPO allotment status to check.

The Akanksha Power IPO listing date is January 3, 2024. The equity share of Akanksha Power IPO will list on NSE SME.

Visit Akanksha Power IPO subscription status page for real-time bidding information about Akanksha Power IPO.

Akanksha Power IPO Timetable

IPO opens OnWednesday, December 27, 2023
IPO Closes OnFriday, December 29, 2023
Finalisation of Basis of AllotmentMonday, January 1, 2024
Initiation of RefundsTuesday, January 2, 2024
Credit of Shares to Demat AccountTuesday, January 2, 2024
IPO Listing DateWednesday, January 3, 2024
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