Aakash Exploration Services Limited IPO

Add to Calendar 2018-04-17 12:00 AM 2018-04-19 12:00 AM Asia/Kolkata Aakash Exploration Services Limited IPO Aakash Exploration Services Limited India

Aakash Exploration Services Limited is Gujarat based entity, engaged in delivering services for Oil & Gas Exploration sector. The company is having ISO 9001 14001 and OHSAS 18001 certifications. The company employs more than 250 employees to deliver services in 7 states of India.

Date of establishment: The company was incorporated in 2007 in Gujarat

Promoters of Aakash Exploration Services Limited: Mr. Vipul Navin Haria, Mr. Hemang Navin Haria, and Mr. Krunal Pravin Haria are the promoters of the company

Product & Service Offering:  The company provides Mobile Work Over Rigs, Hot Oil Circulation Unit, Air Compressor, Mobile Steaming Unit (Boiler), Mobile Pumping Unit, Crane, Manpower Services, SRP Unit supply & Maintenance and other similar Services to its clients.

Customer segment: The company focuses on delivering it services to public as well as private sectors. Some of the clients are ONGC, GSPCL,  Cairn, Essar, Great Eastern Energy, IOC, Niko, OIL, Price Petroleum etc.

 Objects of the Issue: The Objects Of the Issue are:
1. Payment of Cash Credit Facilities;
2. Repayment of Unsecured Loans;
3. Working Capital Requirement;
4. General Corporate Purpose; and
5. Issue Expense

 Company Financials

Particulars

For the year/period ended (in Rs. Lacs)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

3,382.38

3,131.06

2,549.24

1,393.22

1,056.70

 

Total Revenue

3,380.30

2,563.31

2,345.20

1,389.54

944.65

 

Profit After Tax

110.02

44.32

101.44

49.38

14.40

 

Issue Detail

  • Issue Open: Apr 17, 2018
  • Issue Close: Apr 19, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 56 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 10.08 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 855,000 855,000 - 90,000 1,800,000
Day 1 - Apr 17, 2018IST 0 400,000 24,000 - - 424,000
Day 2 - Apr 18, 2018IST 0 936,000 342,000 - - 1,278,000
Day 3 - Apr 19, 2018IST 0 1,360,000 1,178,000 - - 2,538,000

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 56.00
Open - Rs 55.75
Low - Rs 53.00
High - Rs 57.00
Last Trade - Rs 57.00
Volume - 224,000

Aakash Exploration Services Limited User Rating

Votes
0

Aakash Exploration Services Limited Life IPO Reviews

Aakash Exploration Services Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker

Comments

Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us