Akanksha Power and Infrastructure ltd

About the company

## **About  Akanksha Power and Infrastructure ltd** In 2008, Akanksha emerged with a mission to redefine the power solutions landscape, pledging to deliver sustainable and reliable energy solutions to its diverse clientele. With over a decade of unwavering commitment, the company has evolved into a prominent player in the manufacturing of electric equipment, specializing in electrical panels, instrument transformers, and vacuum contactors. Akanksha's offerings cater to a broad spectrum of consumers, ranging from institutions and industries to electricity transmission and distribution utilities. Manufacturing Excellence: Precision, Quality, and Performance Akanksha takes pride in its state-of-the-art manufacturing facilities, strategically located across two sites. These facilities are meticulously designed to uphold the highest standards of quality and performance in the production of electrical equipment. The company's dedication to excellence ensures that each product leaving its assembly lines meets stringent quality benchmarks. Comprehensive Services: Beyond Manufacturing Beyond manufacturing, Akanksha extends its expertise to comprehensive services related to the distribution and management of electricity. The company plays a pivotal role in establishing robust electrical infrastructure, offering services such as power quality audits, site analysis, and online cloud-based monitoring. This approach enables better management and aids in minimizing losses at the transmission, distribution, and user levels. Innovation in Action: Cloud-Based Monitoring and Data Analysis At Akanksha, innovation is not just a buzzword but a cornerstone of operations. The integration of online cloud-based monitoring stands as a testament to the company's forward-thinking approach. Through sophisticated data analysis, Akanksha empowers its clients with actionable insights, contributing to more efficient and effective management of electrical systems. Empowering DISCOMs: Managing Electrical Distribution Networks Akanksha plays a vital role in supporting distribution companies (DISCOMs) by efficiently managing electrical distribution networks. The company's expertise extends to optimizing operations, reducing losses, and enhancing overall network efficiency for DISCOMs. Forward Momentum: A Vision for the Future As Akanksha continues to evolve and expand its horizons, the commitment to providing sustainable and reliable power solutions remains unwavering. The company envisions a future where its innovative approach and commitment to quality contribute significantly to the advancement of the power industry. As Akanksha Power and Infrastructure Limited prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives: 1. Capital Expenditure Requirement of Company; 1. Working Capital requirements of the Company; 1. General Corporate Purposes; and 1. Issue Expenses Here are key details about the Akanksha Power and Infrastructure ltd IPO: Company Name| **Akanksha Power and Infrastructure ltd Limited**|  | Akanksha Power and Infrastructure ltd IPO Opening Date| **December 27, 2023** ---|---|---|---|--- Company Established On|**2008**Akanksha Power and Infrastructure ltd IPO Price band|**₹52 to ₹55 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   27 Dec 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   29 Dec 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   29 Dec 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   02 Jan 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   01 Jan 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   03 Jan 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.