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


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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

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

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