Aakash Exploration Services Limited IPO Details

Aakash Exploration Services Limited was established in 2007, Aakash Exploration Services Limited is a company providing services for Oil and Gas Exploration with a fundamental vision of being a leader in providing services to Oil and Gas Field while achieving international standard of excellence. The company is based out of Ahmedabad, Gujarat Company provide 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.  

They are also the member of International Association of Drilling Contractors. We are 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 also providing similar services to private oil field operators namely ONGC, Hindustan Oil Exploration Company Limited, Cairn, Essar, OIL, etc to their extreme satisfaction. Aakash Exploration Services Limited is a national group of Oil and Gas Field Services with a staff of 433 employees and operating in more than 7 states of India

Aakash Exploration Services Limited IPO Details
Issue Open	17-04-2018
Issue Close	19-04-2018
Allotment Date	25-04-2018
Unblocked Amount	26-04-2018
Listing Date	27-04-2018
Issue Share	18,00,000 Total Equity Share 90,000 Reserved by Market Maker 17,10,000 Equity Share
Issue Size	₹ 9.58 Cr
IPO Price Band	₹ 56
Minimum Share Bid	2000
Minimum Investment Amount [Rs]	₹ 1,12,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	NSE SME
Premium [Per Share]	NA
Average Earning Per Share	NA
Expected Listing Gain	₹ -

Aakash Exploration Services Limited IPO Financial details [in ₹ Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	9.45	9.22	0.14
FY-2014	13.90	13.10	0.49
FY-2015	23.45	21.94	1.01
FY-2016	25.63	24.92	0.44
FY-2017	33.80	32.13	1.10
Dec-FY-2017	31.26	30.10	0.68

Aakash Exploration Services Limited IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	8,55,000	8,55,000	17,10,000
Day-1 [17-04-2018]	4,00,000 [0.47]	24,000 [0.03]	4,24,000 [0.25]
Day-2 [18-04-2018]	9,36,000 [1.09]	3,42,000 [0.4]	12,78,000 [0.75]
Day-3 [19-04-2018]	13,60,000 [1.59]	11,78,000 [1.38]	25,38,000 [1.48]

Aakash Exploration Services Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ 2.22
Price/Earnings [P/E] Ratio	25.22
Return on Net Worth [RoNW]	6.48 %
Net Asset Value [NAV]	₹ 34.28 Per Share

Aakash Exploration Services Limited IPO Contact Details
Aakash Exploration Services Limited 424, 4th Floor, Shukan Mall, B/h Visat Petrol Pump, Sabarmati, Ahmedabad - 380005 Gujarat Phone : + 91 79 48006633 Fax      : + 91 79 27573366 Email ID:- hemang@aakashexploration.com Website:- www.aakashexploration.com

Registrar of Aakash Exploration Services Limited IPO
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153A, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi – 110 020 Tel No.: +91 - 11 - 6473 2681- 88 Fax No.: +91 - 11 - 2681 2682 Email: virenr@skylinerta.com; or admin@skylinerta.com; Website: www.skylinerta.com Investor Grievance Email: info@skylinerta.com Contact Person: Virendra Rana SEBI Registration No.: INR00003241

Lead Managers of Aakash Exploration Services Limited IPO
Monarch Networth Capital Monarch House, Opp:-Ishwar Bhuvan, Commerce Six Road, Navrangpura, Ahmedabad - 380014 Email ID:- shivam.patel@mnclgroup.com Website:- www.mnclgroup.com SEBI Regn No:- MB/ INM000011013

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Aakash Exploration Services Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral