Akanksha Power & Infrastructure Ltd IPO

Akanksha Power and Infrastructure Limited was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of Akanksha Power and Infrastructure Private Limited bearing Corporate Identification Number U40104MH2008PTC184149 dated July 01, 2008 issued by the Registrar of Companies, Mumbai. Subsequently, the Company was converted into public limited company pursuant to a shareholders' resolution passed at an Extra-Ordinary General Meeting held on January 10, 2023, and name of the Company was changed to Akanksha Power and Infrastructure Limited and a fresh Certificate of Incorporation dated April 24, 2023, was issued by Registrar of Companies, Mumbai. As on date of this Red Herring Prospectus, the Corporate Identification Number of the Company is U40104MH2008PLC184149.

APFC Industry: The Global Automatic Power Factor Controller market was valued at USD 4.23 billion in 2021 and is expected to reach USD 5.24 billion by the year 2028, at a CAGR of 3.1%. An automatic power factor controller project is developed to enhance the power factor automatically whenever the power factor falls below a certain level. As the company knows demand for electrical energy is rising day by day. More and more inductive loads are being utilized in industry and domestic applications. Inductive loads are the key factor for low power factors in the power system. Hence, the company requires to design a method to enhance the power factor automatically. Furthermore, an automatic power controller project offers a solution to this problem. Low power factor incorporates a redundant burden on the power system and transmission lines. By improving the power factor of the power system automatically, power system efficiency can be boosted. Furthermore, the power factor correction prototype is designed using a pic microcontroller, transformer, relays, current transformer, and zero-crossing circuit. Global Electricity Meters Industry: The global electricity meters market was valued at USD 9.88 billion in 2021 and is expected to grow at a CAGR of 6.3% during the forecast period. The expanding economy, combined with industrial development, is expected to drive the market demand for increased energy consumption. The developing metering infrastructure provides opportunities for automakers to use technological innovations to benefit end-users directly. Global Electric Power Transmission and Distribution Equipment Market: The global electric power transmission and distribution equipment market was valued at USD 202.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030. The advancement in electric power transmission and distribution equipment to fulfill the rising demand for electricity from the residential, commercial, and industrial sectors is propelling the global market growth. In addition, the introduction of various on-shore and off-shore projects by the government to generate electricity to cater to rising energy demand will result in the deployment of efficient switchgear, transformers, and meters for smooth power transmission and distribution. Indian Electrical Equipment Market: According to market research and advisory firm Technavio, the Indian electric equipment market is expected to increase by USD 33.74 billion from 2021 to 2025 to reach USD 70.69 billion. The sector's growth momentum is expected to accelerate at a CAGR of 9% and it contributes 1.5% to India's overall GDP. Although India has adequate power generation capacity, still a substantial proportion of the population has limited access to electricity, mainly because of the lack of proper transmission and distribution infrastructure. Hence, electrification is a megatrend which is driving growth and creating new opportunities to participate in infrastructure development as well as demand emanating from semi-urban and rural markets.

Akanksha Power & Infrastructure Limited is engaged in the business of manufacturing of electric equipments, including electrical panels, instrument transformers, and vacuum contactors, catering to consumers from institutions, industries, electricity transmission and distribution utilities. The Company has two (2) plants to manufacture the products with emphasis on quality and performance. In addition to production and manufacturing, the company is also providing services related to distribution and management of power in which its operation includes establishment of electrical infrastructure which involves power quality audit, site analysis, online cloud based multiple monitoring and data analysis for better management to reduce losses at Transmission, distribution and User level. The Company is also engaged in managing electrical distribution network for the distribution companies (DISCOMs). Further, the Company is also engaged in turnkey projects which involves supply, installation, erection, commissioning, and maintenance of electrical infrastructure up to 33 KV, managing greenfield LED streetlight and technical operation and maintenance of one of the electrical division in Odisha.