Akanksha Power and Infrastructure Ltd. has announced public offering of 4995000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 35.00 per share. The gross proceeds of the issue are expected to be Rs 2,247.75 lakhs.

The company's initial public offer (IPO) will open on 29 September 2023 and is expected to close on 04 October 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 40.00-45.00 per share.

The IPO includes a fresh Issue of 4995000 Equity Shares of the Company at an price of Rs 45.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Akanksha Power and Infrastructure Ltd. anticipates using the proceeds of the issue for .

Narnolia Financial Services Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.