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Akg Exim IPO is a fixed price issue of Rs 5.52 crores.
Akg Exim IPO bidding started from September 10, 2018 and ended on September 14, 2018. The shares got listed on NSE SME on September 25, 2018.
Akg Exim IPO price is ₹31 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹124,000.
Navigant Corporate Advisors Ltd is the book running lead manager of the Akg Exim IPO, while Mas Services Limited is the registrar for the issue.
Refer to Akg Exim IPO RHP for detailed information.
| IPO Date | September 10, 2018 to September 14, 2018 |
| Listing Date | September 25, 2018 |
| Face Value | ₹10 per share |
| Price | ₹31 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,780,000 shares (aggregating up to ₹5.52 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 92,000 shares |
Akg Exim IPO offers 1,780,000 shares. 844,000 (47.42%) to NII, 844,000 (47.42%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 92,000 (5.17%) |
| Other Shares Offered | 844,000 (47.42%) |
| Retail Shares Offered | 844,000 (47.42%) |
| Total Shares Offered | 1,780,000 (100%) |
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 | ₹124,000 |
| Retail (Max) | 1 | 4000 | ₹124,000 |
| Lot Size Calculator | |||
Incorporated in 2005, Delhi based Akg Exim Limited is a company engaged in the business of merchant trading of products and commodities. It is a global merchandiser and distributor of a range of products including Non-Basmati Rice, Spices, Dry Fruits, Metal Scrap, Iron Scrap and Aluminium scrap etc.
AKG exports Metal Scrap from USA & West African Countries and sells it in Far East Countries & in Domestic
markets. The Non-Basmati Rice is purchased from the domestic Market and exported to African Countries.
The company's revenues from operations increased from Rs. 7,468.05 Lacs in 2014-2015 to Rs. 9859.04 Lacs in 2015-16 and further to Rs. 10489 Lacs in F.Y. 2016-17, at the rate of 32.01% and 6.40%.
The Net Profit after tax grew from Rs. 40.71 Lacs in 2014-15 to Rs 48.86 Lacs in 2016-17, at the rate of 18.71%.
The company has 18 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 30-Nov-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 5,999.48 | 6,058.46 | 5,650.17 | 3,509.23 | 3,100.16 | 4,159.25 |
| Total Revenue | 8,197.89 | 10,555.24 | 9,859.04 | 7,482.38 | 7,044.84 | 10,825.95 |
| Profit After Tax | 62.79 | 48.86 | 41.16 | 40.71 | 53.82 | 68.67 |
The Objects Of The Issue are to-
1. Part finance working capital requirements of the Company;
2. Meet General corporate purposes;
3. Meet the expenses of the Issue.
[Dilip Davda]
Issue is fully priced. Sudden jump in FY18 earnings is a bit surprising. LM has average track record. AKG’s export/ import business is with a group company having similar business that raises concern. Rupee/Dollar parity may impact it’s working. Cash surplus investors may consider investment at their own risk.
Read detail review...The Akg Exim IPO is subscribed 1.18 times on September 14, 2018 5:00:00 PM. The public issue subscribed 0.37 times in the retail category, times in the QIB category, and 1.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.99 |
| Retail | 0.37 |
| Total | 1.18 |
| Listing Date | September 25, 2018 |
| BSE Script Code | |
| NSE Symbol | AKG |
| ISIN | INE00Y801016 |
| Final Issue Price | ₹31 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹31.00 |
| ₹32.25 |
| ₹31.50 |
| ₹32.25 |
| ₹32.00 |
Akg Exim Limited
408-411, Pearls Corporate
Mangalam Place, Sector - 3, Rohini,
Behind Kali Mata Temple, Delhi 110085
Phone: +91-11-40015500
Email: info@akg-global.com
Website: http://www.akg-global.com/
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
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Akg Exim IPO is a SME IPO of 1,780,000 equity shares of the face value of ₹10 aggregating up to ₹5.52 Crores. The issue is priced at ₹31 per share. The minimum order quantity is 4000 Shares.
The IPO opens on September 10, 2018, and closes on September 14, 2018.
Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Akg Exim IPO opens on September 10, 2018 and closes on September 14, 2018.
Akg Exim IPO lot size is 4000 Shares, and the minimum amount required is ₹124,000.
You can apply in Akg Exim 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 Akg Exim IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Akg Exim IPO allotment status.
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