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Akme Star Housing Finance Ltd IPO (Akme Star Housing Finance IPO) Detail

February 25, 2015 - March 5, 2015

Akme Star Housing Finance IPO is a fixed price issue of Rs 4.80 crores.

Akme Star Housing Finance IPO bidding started from February 25, 2015 and ended on March 5, 2015. The shares got listed on BSE SME on March 20, 2015.

Akme Star Housing Finance IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Sarthi Capital Advisors Private Limited is the book running lead manager of the Akme Star Housing Finance IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Akme Star Housing Finance IPO RHP for detailed information.

Akme Star Housing Finance IPO Details

IPO Date February 25, 2015 to March 5, 2015
Listing Date March 20, 2015
Face Value ₹10 per share
Price ₹30 per share
Lot Size 4000 Shares
Total Issue Size1,600,000 shares
(aggregating up to ₹4.80 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Akme Star Housing Finance IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹120,000
Retail (Max) 1 4000 ₹120,000
Lot Size Calculator

About Akme Star Housing Finance Ltd

Incorporated in 2005, Akme Star Housing Finance Ltd is registered with National Housing Bank (NHB) and mainly engaged in the business of housing finance. Company provides home loans finance to weaker sections of the society, group housing societies and NGOs engaged in the welfare of the weaker section which includes housing loans, construction loans, and loan against home properties.

Akme Star Housing Finance Limited is a part of AKME Group which is involved in wide varieties of business activities that includes Non Banking Financial Services, Micro finance Activities, Housing Finance (Duly registered with NHB), Real Estate Construction activities and Automobile dealership.

Headquarter at Udaipur, Rajasthan, Company offers a variety of home loan products which are designed to cater the dynamic needs of rural and micro-rural borrowers. Their commitment to offer the home loans comprise of products like 'Loan to purchase new housing units', 'Loan to construct new units', 'Loan to purchase plot and construction of units thereon', 'Extension & Renovation Loan' etc.

Objects of the Issue (Akme Star Housing Finance IPO Objectives)

The objects of the Issue are to:

1. Augmentation of capital base and meeting fund requirements for increasing operation scales;
2. General Corporate Purposes and
3. Issue Expenses.

Akme Star Housing Finance IPO Review (Avoid)

[Dilip Davda]  

On prima facie basis, this SME offer is at higher P/E and low preference for SME IPOs by the broking community at large due to entry barriers, it is not worth. However, HNIs with surplus funds may invest at their own discretion for long term.

Read detail review...

Akme Star Housing Finance IPO Prospectus

Akme Star Housing Finance IPO Rating

18
2.2
Rating:Rated 2.2 stars
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Akme Star Housing Finance IPO Listing Details

Listing Date March 20, 2015
BSE Script Code 539017
NSE Symbol
ISIN INE526R01010
Final Issue Price ₹30 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹30.00
₹32.00
₹31.50
₹32.00
₹31.75

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Akme Star Housing Finance Ltd Contact Details

Akme Star Housing Finance Ltd
Akme Business Centre (ABC),
4-5 Subcity Centre, Savina Circle,
Opp. Krishi Upaz Mandi, Udaipur-313002
Phone: (0294) 2489501/02
Email: akmestarhousing@yahoo.com
Website: http://www.akmestarhousing.com

Akme Star Housing Finance IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Akme Star Housing Finance IPO - Buy or Not

Akme Star Housing Finance IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Akme Star Housing Finance IPO FAQs

Akme Star Housing Finance IPO is a SME IPO of 1,600,000 equity shares of the face value of ₹10 aggregating up to ₹4.80 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.

The IPO opens on February 25, 2015, and closes on March 5, 2015.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Akme Star Housing Finance IPO opens on February 25, 2015 and closes on March 5, 2015.

Akme Star Housing Finance IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.

You can apply in Akme Star Housing Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Akme Star Housing Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Akme Star Housing Finance IPO allotment status.

The Akme Star Housing Finance IPO listing date is on March 20, 2015.
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Akme Star Housing Finance IPO Message Board

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9 Comments

6. Rahul Patadia |   Link |  Bookmark |April 8, 2015 10:05:43 PM
Rec me kuchh aaya
5. DURAISWAMY |   Link |  Bookmark |February 27, 2015 7:22:15 PM
DEAR RETAIL INVESTORS .AMSONS APPARELS SME IPO was closed at 49.1% less than issue price on 27.2.2015.
SO BEWARE OF SME IPO.

5.1. DURAISWAMY |   Link |  Bookmark |March 4, 2015 7:20:12 PM
TODAY 4-3-2015 AMSONS APPARELS CLOSED AT 38% LESS THAN ISSUE PRICE
4. DURAISWAMY |   Link |  Bookmark |February 26, 2015 10:59:10 AM
AMSONS APPARELS SME IPO IS TRADIG 48% less than issue price . SO BEWARE OF SME IPO.
3. ABHISHEK SABARMATI |   Link |  Bookmark |February 25, 2015 2:50:57 PM
new ipo coming


Adlabs Entertainment Limited

BRLMs : Deutsch Equities/Centrum Capital/Kotak Mahindra Capital



Registrar : Linkintime Inda Private Limited

Issue Period : March 10,2015 to March 12, 2014



Face Value : `10/-

Price Band : will be announced Five working days prior to the issue opens.


Lot Size : will be announced Five working days prior to the issue opens



Discount : will be announced Five working days prior to the issue opens.

Listing : NSE ,BSE .

Total Issue Size : 20,326,227. Equity Shares



QIB Book : 1,5,244,670 Equity Shares(75% of Net issue size)

HNI Book : 30,48,934 Equity Shares (15% of Net issue size)

Retail Book : 20,32,623 Equity Shares (10% of Net issue size)

2. DURAISWAMY |   Link |  Bookmark |February 25, 2015 10:10:49 AM
BEWARE OF SME IPOs
1. ABHISHEK SABARMATI |   Link |  Bookmark |February 23, 2015 10:31:52 AM
100% discount on listing
1.1. DURAISWAMY |   Link |  Bookmark |February 24, 2015 4:33:19 PM
Recently listed SME IPO IS TRAFING45% LESS THAN ISSUE PRICE BEWARE OF SME IPOS
1.2. DURAISWAMY |   Link |  Bookmark |February 24, 2015 4:33:21 PM
Recently listed SME IPO IS TRAFING45% LESS THAN ISSUE PRICE BEWARE OF SME IPOS