What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Akanksha Power and Infrastructure Limited IPO?

Akanksha Power and Infrastructure Limited IPO has received a total subscription of 117.53 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Akanksha Power and Infrastructure Limited

ListedSME

Emerging SME Services · NSE

Founded in July 2008, Akanksha Power and Infrastructure Limited manufactures electrical equipment like switchboards, transformers, capacitor panels, VFD panels, MCC/PCC panels, CT-PT units, vacuum contactors and smart metering solutions for industries, utilities and large institutions. The company also provides turnkey electrical project services along with energy management systems that support cloud monitoring, data analytics, power quality testing and loss reduction across transmission and distribution networks. Its major clients include large corporates and public sector companies such as Indian Oil, HAL, Coal India, SAIL, Hindalco, Tata Power Group, NALCO, ABB India and Adani Group. The company is ISO 9001:2015 certified, operates two manufacturing units in Nashik, Maharashtra, and as of June 30, 2023 had 62 permanent and 387 contract workers, with Odisha alone contributing over 34% of its revenue.

Price Band

₹52 – ₹55

Issue Size

₹27.49 Cr

Lot Size

2000 shares

GMP

₹10

+18.2%

Est. Listing

₹65

at current GMP

Subscribed

117.53x

overall

Open

27 Dec 2023

29 Dec 2023

Allotment

2 Jan 2024

Refund

3 Jan 2024

Demat Credit

4 Jan 2024

Listing

3 Jan 2024

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

117.53x

Total Demand

QIB Multiplier

38.43x

Institutions & Funds

NII / HNI

239.63x

High Net-Worth

Retail (RII)

110.56x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 117.53x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	950,000	36,504,000	38.43x
NIB	710,000	170,140,000	239.63x
RETAIL	1,658,000	183,316,000	110.56x
Total	3,318,000	389,960,000	117.53x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 115.25x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	875	96,740	110.56x
HNIs (10L +)	6	1,438	239.63x
HNIs (2-10L)	27	6,470	239.63x
Total Applications	908	104,648	115.25x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Akanksha Power and Infrastructure Limited Public Issue & Market Profile

Akanksha Power and Infrastructure Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹27.49 Crores. The shares are offered at a price band of ₹52 to ₹55 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Bidding & Quota Instructions:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,10,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Allotment Reconciliation Schedule:

Allotment reconciliation will be managed by Link Intime India Private Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-01-04, while un-allotted funds or UPI block mandates will be released on 2024-01-03.

Frequently Asked Questions

What is Akanksha Power and Infrastructure Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Akanksha Power and Infrastructure Limited IPO is ₹10 per equity share. Based on the upper price band of ₹52 to ₹55 per equity share, the estimated listing price is ₹65 (+18.2% expected listing gain).

What is the expected profit per lot for Akanksha Power and Infrastructure Limited IPO?

With a lot size of 2000 shares and current GMP of ₹10, the expected profit per application lot is approx ₹20,000 (+18.2% gain). Minimum application cost is approx ₹1,10,000.

What is the issue size and price band for Akanksha Power and Infrastructure Limited IPO?

The Akanksha Power and Infrastructure Limited IPO aggregate issue size is ₹27.49 Crores with an equity price band set at ₹52 to ₹55 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,10,000.

How can I check Akanksha Power and Infrastructure Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 117.53x (Retail: 110.56x, QIB: 38.43x, NII: 239.63x). You can track live multiples directly on our dedicated subscription page.

Where and when will Akanksha Power and Infrastructure Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Ltd) and the BSE status verification website on or around 2024-01-02. Investors can verify status using PAN card or application number.

When is the listing date for Akanksha Power and Infrastructure Limited IPO?

Akanksha Power and Infrastructure Limited shares are scheduled to list on NSE on 2024-01-03.