Akanksha Power and Infrastructure Limited IPO

Apply 0
Avoid 0

1. Company Operations:

  • Products: Engaged in manufacturing electric equipment, including electrical panels, instrument transformers, and vacuum contactors.
  • Consumer Base: Targets institutions, industries, and electricity transmission/distribution utilities.
  • Manufacturing Facilities: Operates two manufacturing plants with a focus on quality and performance.
  • Certification: ISO 9001:2015 certified organization.

2. Product and Service Offerings:

  • Product Range: Designs, manufactures, and supplies CT-PT, Metering Units, Cubicles, Automatic power correction panels, fixed capacitor banks, MCC, PCC, VFD Panels, Thyristor switches, Vacuum contactors, Energy Management System, and Smart Energy Meters.
  • Turnkey Projects: Undertakes engineering and execution of electrical turnkey projects, including installation, erection, commissioning, and maintenance of electrical infrastructure up to 33 KV.
  • Distribution Services: Provides services related to the distribution and management of electricity, including power quality audit, site analysis, and online cloud-based monitoring and data analysis.
  • DISCOM Management: Manages electrical distribution networks for distribution companies (“DISCOMs”).

3. Customer-Centric Approach:

  • Customization: Collects data from customers, analyzes it, and designs customized/bespoke systems based on customer needs.
  • B2B and End Customer Supply: Engages in business-to-business (B2B) transactions and supplies products to end customers.
  • Client Base: Serves institutional, non-institutional, and corporate customers in India, including power utilities.

4. Vision and Mission:

  • Vision: Aims to be a leading and sustainable Power Quality Solution (PQS) Provider, utilizing the latest technology, for industry and DISCOMs.
  • Mission: Works towards providing optimum solutions to reduce losses, adopting the best technology, and offering a complete end-to-end solution for Reactive Power Management.

5. AT&C Loss Reduction Solutions:

  • Power Quality Systems (PQS): Offers a set of products and technologies to measure and analyze power quality, helping utilities eliminate equipment tripping and failure due to various factors.
  • Technology Partnership: Holds a partnership with TDK (EPCOS) for manufacturing Low Voltage (LV) and Medium Voltage (MV) electrical equipment, including Active Power Factor Correction (APFC) panels, Hybrid APFC, Active Harmonic Filter + APFC, and more.

6. Focus on AT&C Loss Reduction:

  • Problem Addressed: Addresses the challenge of Aggregate Technical & Commercial (AT&C) losses in the power sector, aiming to reduce financial losses, improve financial performance, and enhance service quality for customers.
  • Solutions Offered: Proposes Power Quality Systems to eliminate equipment failure, downtime, and data loss, critical for industries such as healthcare, data centers, manufacturing, telecommunications, steels, and mines.

7. Technology Partnership:

  • Collaboration: Collaborates with TDK (EPCOS) for technology partnerships in manufacturing specific electrical equipment, ensuring a stable and reliable power supply.

Objects of the Akanksha Power and Infrastructure Limited IPO:

The objects of the Issue are:- i. To meet out the Capital Expenditure Requirement of Company; ii. To meet out the Working Capital requirements of the Company; iii. To meet out the General Corporate Purposes; and iv. To meet out the Issue Expenses.
DRHP of Akanksha Power and Infrastructure Limited IPO
RHP of Akanksha Power and Infrastructure Limited IPO

Akanksha Power and Infrastructure Limited IPO Details:

Open Date: Dec 27 2023
Close Date: Dec 29 2023
Total Shares: 4,998,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Built Issue IPO
Issue Size: 27.49 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 52 - 55 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jan 03 2024

Promoters And Management:

Mr. Bipin Bihari Das Mohapatra, aged 53 years, is the Managing Director of the Company. He was appointed as Managing Director oftheCompany for 5 years w.e.f. June 10, 2023. He has been associated with the Company since its incorporation. He holds a degree of Bachelor of Arts in Economics from AB College, Basudevpur Odisha. He has also done a diploma in Business management. Mr. Bipin Bihari Das Mohapatra is a businessman with wide experience of more than 23 years in managing the business operations and financial aspects of the diversified sectors including electrical equipment industry. He has been one of the guiding force behind the growth and business strategy of the Company. Ms. Chaitali Bipin Das Mohapatra, aged 46 years, is the Director of the Company. She was appointed as Executive Director of the Company w.e.f. June 10, 2023. She has done Post Graduation in Commerce from the University of Pune and also passed the Intermediate Examination from Institute of Works Accountants of India. She has also handled business operations for 3 years in the banking sector. She has also gained experience in assisting audit and accounting. Currently, she is working as full-time director in the Company. Mr. Gunasekaran Suresh Kumar, aged 43 years, is the Non- Executive Director of the Company. He was appointed as Non-Executive Director of the Company w.e.f. 14.12.2023. He did his bachelor’s in engineering from Bharathiar University, Coimbatore in the year 2001. He has more than 12 years of experience in Sales and Marketing in MV Power Capacitors, LV & MV APFC Panels. He was also involved in promoting welding rods & wires concentrating on process industries like cement, Power Plants, sugar Plants etc. He will support the board of directors in ensuring their functions efficiently and effectively.

Financials of Akanksha Power and Infrastructure Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
3M-FY24
Revenue from Operations 7,427 5,184 4,609 988
Other Income 14 23 35 39
Total Revenue 7,441 5,207 4,644 1,027
Raw material consumption 2,164 3,776 3,188 587
Change in Inventorie 468 -96 -494 -54
Employee benefits expenses 260 596 869 231
Other Expenses 3,851 427 524 133
EBITDA 698 504 557 131
Depreciation & Amortisation 18 24 26 8
Finance Cost 130 135 127 28
EBIT 680 479 531 123
OPM (%) 9.38% 9.68% 11.99% 12.75%
PBT 550 344 403 95
Tax 158 103 112 24
PAT 392 241 291 71
NPM (%) 5.27% 4.63% 6.26% 6.92%
No.of Shares 185.18 185.18 185.18 185.18
EPS 2.11 1.30 1.56 0.38

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Akanksha Power and Infrastructure Limited 46 3 1.56 35.1 55 102
HPL Electric & Power Limited 1,262 30 4.69 38.7 214 1,377
Genus Power Infrastructure Limited 808 29 1.12 72.0 231 5,958
Cospower Engineering Limited 14 0.2 1.40 N/A 299 45
* All the data is as per FY23.

Lead Manager of Akanksha Power and Infrastructure Limited IPO:

  1. Narnolia Financial Services Ltd

Registrar of Akanksha Power and Infrastructure Limited IPO:

  1. Maashitla Securities Pvt. Limited

Company Address:

Akanksha Power and Infrastructure Limited Plot No. 87/4 MIDC, Satpur, Nashik- 422007, Phone: +91 9370345000 Email: bdm@apil.co.in Website: https://www.apil.co.in/

Discussion on Akanksha Power and Infrastructure Limited IPO:

Leave a Reply