Thursday, April 12, 2018

Aakash Exploration IPO Price Band, Market Lot, Dates, Allotment & Subscription Details

 Thursday, April 12, 2018  
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Aakash Exploration Ltd incorporated in 2007 based in Gujarat. The company is providing services for Oil and Gas Exploration. They provides oil and gas field services to ONGC in Ahmedabad, Mehsana and Hazira products. They also provide such services to Cairn, Essar, GSPCL, IOC, OIL and more companies. They have 250+ employees. They operates in different states of India. Aakash Exploration ipo is starting from 17 April and ends on 19 April. The price band is around Rs.56 with 2000 market lot. The ipo size is around 10.08 crore rupees.

IPO Review:
  • Apply for Listing and Long Term Gain
Aakash Exploration IPO Dates & Price Band:
  • IPO Open: 16 April 2018
  • IPO Close: 18 April 2018
  • IPO Size: Approx Rs 10.08 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.56 Per Equity Share
  • Listing on: NSE SME
  • Shares: 1,800,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 2,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,12,000
IPO Allotment & Listing:
  • Basis of Allotment: 24-April-2018
  • Refunds: 25-April-2018
  • Credit to demat accounts: 26-April-2018
  • Listing: 27-April-2018
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Financial Results:

Rs. in Crore

2013 2014 2015 2016 2017
Revenues 9.45 13.90 23.45 25.63 33.80
Expenses 9.22 13.10 21.94 24.92 32.13
PAT 0.14 0.49 1.01 0.44 1.10


Grey Market Premium:
  • The grey market is around Rs.N/A Subject to Sauda.
Aakash Exploration IPO Subscription Status:
  • IPO Subscribed 1.41 times overall
Aakash Exploration IPO Allotment Status:
Company Promoters:
  • Mr. Vipul Navin Haria
  • Mr. Hemang Navin Haria
  • Mr. Krunal Pravin Haria
Quick Links:
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IPO Registrar:
Skyline Financial Services Private Ltd
Phone: +91 – 11 – 2681
Fax: +91 – 11 – 30857562
Email: [email protected]
Website: http://www.skylinerta.com
IPO Lead Managers:
  • MONARCH NETWORTH CAPITAL LIMITED
Company Address:
Aakash Exploration Services Limited
424-426, 4th Floor,
Shukan Mall, Nr. Visat Petrol Pump,
Sabarmati, Ahmedabad- 380005
Phone: +91 79-48006633/ 65423366
Email: [email protected]
Website: http://www.aakashexploration.com

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