Issue Price
₹56
Per Share
GMP
NIL
Grey Market
Est. Listing
₹56
Expected Price
Min. Application
₹224,000
2 lots × 2000 shares
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 also 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.
Aakash Exploration Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 90,000 | — | ₹0.50 Cr | — |
| TOTAL | 1,800,000 | 100.00% | ₹10.08 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹112,000 |
| Retail (Max) | 13 | 26,000 | ₹1,456,000 |
| sNII (Min) | 14 | 28,000 | ₹1,568,000 |
| bNII (Min) | 68 | 136,000 | ₹7,616,000 |
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue from Operations | 3380.30 | 2563.31 | 2345.20 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 110.02 | 44.32 | 101.44 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 3382.38 | 3131.06 | 2549.24 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |