IPO Details
Aakash Exploration Services Ltd.
No. 424-426, 4th Floor, Shukan Mall, Nr. Visat Petrol Pump, SaAhmedabad, Gujarat - 380005
Phone: 48006633

Public Issue of 1800000 Equity Shares of Rs. 10.00 each for Cash at a Premium of Rs. 46.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
17/04/201819/04/201856.00 -
Lead Managers Registrar Listed at
MONARCH NETWORTH CAPITAL LTD.
Skyline Financial Services Pvt Ltd.
4A9,
Gundecha Onclave,, Kherani Road,
Mumbai, Maharashtra - 400072
Phone: 28511022 Fax:
NSE
Object of the issue

This Issue is being undertaken to meet the objects, as set forth herein, and to realize the benefits of listing of the Equity Shares on Stock Exchanges, which in the opinion would enhance the Company's visibility, brand name and enable us to avail of future growth opportunities. The other Objects of the Issue also include creating a public trading market for the Equity Shares of the Company by listing them on NSE EMERGE Platform.

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:

1. Payment of Cash Credit Facilities,
2. Repayment of Unsecured Loans,
3. Working Capital Requirement,
4. General Corporate Purpose and,
5. Issue Expense.

Project Cost
(₹ in Crs.)
ISSUE EXPENSES0.50
WORKING CAPITAL REQUIREMENTS2.08
GENERAL CORPORATE EXPS.2.50
REPAYMENT OF UNSECURED LOAN2.00
CASH CREDIT FACILITIES3.00
TOTAL COST10.08
Means of Finance
(₹ in Crs.)
PUBLIC ISSUES10.08
TOTAL COST10.08
Promoted by

The Promoters of the Company are Mr. Vipul Navin Haria , Mr. Hemang Navin Haria and Mr. Krunal Pravin Haria

1. Mr. Vipul Navin Haria : he designated as Managing director aged 47 years is a Commerce Graduate from Gujarat University in the year 1992. After passing out B.Com he joined the family business of Aakash Roadlines in 1997. He has experience of over 20 years in Oil filed industry. With his skills and technically sound personality, he was able to convert Aakash Roadlines into "Aakash Exploration Services Private Limited" in 2007. He is the backbone of the company, currently looking after setting up the overall project infrastructure and team building. He heads the Business Operations Team where in he plays a vital role in overall business co-ordination, project implementation, process management, business development and coordination and within the entire organization. Due to his vast experience and technical knowledge, the Company has fltheished in all segment of oil enhancing recovery and cater to every need of customers.

Pan : AAAPH2880F

Passport Number : K0916282

Nationality : Indian

Bank A/C Details : IDBI Bank

A/C No. : 0408104000049072

Address : 2, Indraprasth Bunglow Opp. Management Enclave, Vastrapur, Ahmedabad 380015, Gujarat.

Aadhaar No : 265358153982

Driving License Number : GJ01-215871-05

2. Mr. Hemang Navin Haria : he designated as Executive Director aged 45 years years is a Commerce Graduate from Gujarat University in the year 1993. He is entrepreneur by experience of over 18 years in oil and gas Industry. He is currently driving the company as an experienced sustainability and networking Director/Promoter through capabilities of effective coordination, management and implementation, finance management, strategic planning, business leadership with a passion for improvement and establishment of the best oilfield service provider Company in India by connecting with diverse interest of public. He has a good grip of budgeting, planning, statutory knowledge. Due to his vision Aakash Roadlines converted into Aakash Exploration Services Private Limited in 2007. Due to his foresight the company became self-sufficient and day by day progressing.

Pan : ABCPH4907Q

Passport Number : M1603131

Nationality : Indian

Bank A/C Details : IDBI Bank

A/C No. : 0408104000020475

Address : 32, Sharnam-7, Opp. Satellite, Ahmedabad- 380001, Gujarat.

Aadhaar No : 494586318291

Driving License Number : GJ0120000013069

3. Mr. Krunal Pravin Haria : he designated as Eexecutive Director aged 35 years is a Commerce Graduate from Mumbai University in the year 2003. After passing out B.Com he joined Aakash Roadlines in the year 2003. He has a vast experience of over 14 years of field and maintenance of Machinery & Equipments. He being the Executive Director of the Company is par heading the role to design, set up and run machines and equipments and businesses that are commercially successful. He has practical experience in oilfield industry, Handling project planning, implementation and monitoring the working of the projects for clients with other core management team. With his rich expertise in machines, the company can execute tenders well in time, thus making Aakash Exploration Service Limited, a leading company as service provider in oil field sector in India.

Pan : ABOPH0588B

Passport Number : G7406084

Nationality : Indian

Bank A/C Details : The Kalupur Commercial Co. Op Bank Limited

A/C No. : 05110100875

Address : 2 Neelkanth Apts, B/107, Gokuldas Panalal, Dadar, Mumbai-400001, Maharashtra.

Aadhaar No : 714144009481

Driving License Number : GJ01-2009-0642419