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IPO Synopsis

Aakash Exploration Services Ltd
Registered Office: 424-426 4th Floor Shukan Mall,Nr.Visat Petrol Pump Sabarmati , Ahmedabad - 380005 , Gujarat , India.
Phone : 91-79-48006633/65423366   Fax:
Email :  hemang@aakashexploration.com  
Website :  www.aakashexploration.com
Public issue of 18,00,000 equity shares of face value of (Rs)10/- each ("equity shares") of Aakash Exploration Services Limited ("The Company" or "The Issuer") for cash at a price (Rs)56/- per equity share (including a share premium of (Rs)46/- per equity share) ("issue price") aggregating to (Rs)10.08 crores ("the issue"), of which 90,000 equity shares of face value of (Rs)10/- each for a cash price of (Rs)56/- per equity share, aggregating to (Rs)0.50 crores well be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 17,10,000 equity shares of face value of (Rs)10/- each at an issue price of (Rs)56/- per equity share aggregating to (Rs)9.58 crores (the "net issue"). The issue and the net issue will constitute 26.67% and 25.33%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is (Rs)10/- each and the issue price of (Rs)56/-. The Issue price is 5.6 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
17-Apr-18 19-Apr-18 (Rs)56.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  (Rs Cr) Lead Managers to the Issue
Project Cost 10.08 Monarch Networth Capital Ltd
Project Financed through Current Offer 10.08  
Post Issue Equity Share Capital 6.75  
Issue Price (Rs)56.00  
Projects
Payment of cash credit facilities Working capital requirement
Repayment of unsecured loans General corporate purpose
Promoted By
Vipul Navin Haria  
Hemang Navin Haria  
Krunal Pravin Haria  
Listing At
NSE - SME 
Registrar to the Issue
No Data Found.

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