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Aakash Exploration Services Ltd
Registered Office:    424-426 4th Floor Shukan Mall ,   Nr.Visat Petrol Pump Sabarmati ,   Ahmedabad - 380005 ,   Gujarat , India.  
Phone: 91-79-48006633/65423366   Fax:
Public issue of 18,00,000 equity shares of face value of Rs. 10/- each ("equity shares") of Aakash Exploration Services Limited ("The Company" or "The Issuer") for cash at a price Rs. 56/- per equity share (including a share premium of Rs. 46/- per equity share) ("issue price") aggregating to Rs. 10.08 crores ("the issue"), of which 90,000 equity shares of face value of Rs. 10/- each for a cash price of Rs. 56/- per equity share, aggregating to Rs. 0.50 crores well be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 17,10,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 56/- per equity share aggregating to Rs. 9.58 crores (the "net issue"). The issue and the net issue will constitute 26.67% and 25.33%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is Rs. 10/- each and the issue price of Rs. 56/-. The Issue price is 5.6 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
17-Apr-18 19-Apr-18 Rs 56.00-0.00 Rs 0.00-0.00
Minimum Application for shares in Nos : 2000   Further Multiples of : 2000
Aakash Exploration Services Ltd
  Rs Cr Lead Managers to the Issue
Project Cost 10.08
Monarch Networth Capital Ltd
Project Financed through Current Offer 10.08  
Post Issue Equity Share Capital 6.75  
Issue Price Rs. 56.00  
Payment of cash credit facilities Repayment of unsecured loans
Working capital requirement General corporate purpose
Promoted By
Vipul Navin Haria
Hemang Navin Haria
Krunal Pravin Haria
Listing At
Registrar to the Issue
Skyline Financial Services Pvt
SEBI REGISTRATION NO:NSE CM INB 230696230       NSE F&O:INF 230696230      BSE CM:INB 010696236          MCX MEMBERSHIP ID:12535 MAPIN NO:10014845        CDSL : IN-DP-CDSL-291-2005
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