Aakash Exploration Services IPO is set to make its debut on 17th April 18 with 10.08 Cr is a provider of diagnostic and related healthcare tests.
Aakash Exploration Services IPO – overview
| IPO Dates | 17-19 April 18 |
| IPO Price | INR 56 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,800,000 shares (INR 10.08 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Aakash Exploration Services IPO – Tentative Dates
| IPO Offer Opening Date | 17 April 2018 |
| IPO Closing Date | 19 April 2018 |
| Finalization of Basis of Allotment | 24 April 2018 |
| Initiation of refunds | 25 April 2018 |
| Transfer of shares to demat accounts | 26 April 2018 |
| IPO Listing Date | 27 April 2018 |
Company Overview
Incorporated in 2007, Gujarat based Aakash Exploration Services Limited is a company engaged in providing services for Oil and Gas Exploration.
The company is an ISO 9001 14001 and OHSAS 18001 certified company. It provides Mobile Work Over Rigs, Hot Oil Circulation Unit, Air Compressor, Mobile Steaming Unit (Boiler), Mobile Pumping Unit, Crane, Manpower Services, SRP Unit supply and Maintenance and other similar Services.
Aakash Exploration is providing Oil and Gas field Services to M/S Oil & Natural Gas Corporation Ltd (A Govt. of India Company), Ahmedabad, Mehsana and Hazira Projects and providing similar services to private oil field operators namely GSPCL, Cairn, Essar, Great Eastern Energy, IOC, Niko, OIL, Price Petroleum etc to their extreme satisfaction. Aakash Exploration Services Limited is a national group of Oil and Gas Field Services with a staff of more than 250 employees and operating in more than 7 states of India.
Objects of the Issue
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 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 3,382.38 | 3,131.06 | 2,549.24 |
| Total Revenue | 3,380.30 | 2,563.31 | 2,345.20 |
| Profit After Tax | 110.02 | 44.32 | 101.44 |
Company Contact Information
Aakash Exploration Services Limited
424-426, 4th Floor,
Shukan Mall, Nr. Visat Petrol Pump,
Sabarmati, Ahmedabad- 380005
Phone: +91 79-48006633/ 65423366
Email: hemang@aakashexploration.com
Website: http://www.aakashexploration.com
Aakash Exploration IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/
Aakash Exploration IPO Lead Manager(s)
- Monarch Networth Capital Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
