The GMP or Grey Market Premium for the Akanksha Power and Infrastructure Limited IPO GMP. However, the Akanksha Power IPO GMP is a book-built issue valued at Rs 27.49 crores and comprises an entirely fresh issue of 49.98 lakh shares. The price band for the IPO is set at Rs 52 to Rs 55 per share. The allotment for the IPO is expected to be finalized on Monday, January 1, 2024. The Akanksha Power IPO will list on NSE SME with a tentative listing date fixed as Wednesday, January 3, 2024.

The Akanksha Power IPO GMP today is a book-built issue. Book building is a price discovery mechanism used by companies issuing their shares to the public for the first time. In this process, the issuing company sets a price band with a lower and upper ceiling. Investors desirous of subscribing to the public issue are encouraged to bid within this range. The underwriter, normally an investment bank, builds a book by inviting institutional investors such as fund managers and others to submit bids for the number of shares and the price(s) they would be willing to pay for them.

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