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Incorporated in 1994, Kanpur based AKI India Limited is a company engaged in the business of manufacturing and export of leather and leather goods. The company manufactures saddlery products, footwear as well as leather.
The company operates through two business verticals, retail, and distribution. The retail business operates through exclusive stores while the distribution vertical operates through multi-brand outlets.
The total revenue (consolidated) of the company increased from Rs 1821.75 lakhs in 2014 to Rs 4912 lakhs in 2018, at a CAGR of 21.94 %.
The EBITDA grew from Rs 306.19 lakhs in 2016 to Rs 400.02 lakhs in Fiscal 2018, at a CAGR of 15.32%.
The company employs 16 full time and 27 contracted labors.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 3,575.64 | 3,992.77 | 3,910.23 | 3,665.68 | 2,580.79 | |
| Total Revenue | 4,536.26 | 4,269.87 | 4,067.47 | 3,180.03 | 1,541.05 | |
| Profit After Tax | 102.22 | 15.11 | 14.26 | (63.45) | 12.95 | |
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 3,686.46 | 4,004.96 | 3,968.67 | 3,803.53 | 2,744.98 | |
| Total Revenue | 4,912.56 | 4,345.24 | 4,236.85 | 3,501.34 | 1,821.75 | |
| Profit After Tax | 110.71 | 10.56 | 16.65 | (108.07) | 1.95 | |
The objects of the Issue are to raise funds to meet-
1. Working Capital Requirements
2. General Corporate Purpose
3. Issue Expenses
| AKI India IPO Date | Sep 28, 2018 to Oct 5, 2018 |
| AKI India IPO Face Value | ₹10 per share |
| AKI India IPO Price | ₹11 per share |
| AKI India IPO Lot Size | 10000 Shares |
| Issue Size | 2,800,000 shares of ₹10 (aggregating up to ₹3.08 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The promoters of the company are Asad Kamal Iraqi and Anwar Kamal Iraqi. They together hold 56,95,170 Equity Shares representing 75.97% of the Issued and Paid-up equity share capital of the company. |
The AKI India IPO lot size is 10000 shares. A retail-individual investor can apply for up to 1 lots (10000 shares or ₹110,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹110,000 |
| Retail (Max) | 1 | 10000 | ₹110,000 |
Although issue appears reasonably priced, considering its average financial data and poor track record of LM, cash surplus, risk savvy investors may consider investment at their own risk.
Read detail review...The AKI India IPO is subscribed 1.56 times on Oct 5, 2018 6:50:02 PM. The public issue subscribed 0.99 times in the retail category, times in the QIB category, and 2.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.14 |
| Retail | 0.99 |
| Total | 1.56 |
| Listing Date | Friday, October 12, 2018 |
| BSE Script Code | 542020 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE642Z01018 |
| IPO Price | ₹11 per share |
| Face Value | ₹10 per share |
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AKI India Limited
9/6(11)
Asharfabad Jajmau
Kanpur - 208010
Phone: 91 512 2463130
Email: info@groupaki.com
Website: http://www.groupaki.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: aki.ipo@linkintime.co.in
Website: https://linkintime.co.in/
AKI India IPO is a SME IPO of 2,800,000 equity shares of the face value of ₹10 aggregating up to ₹3.08 Crores. The issue is priced at ₹11 per share. The minimum order quantity is 10000 Shares.
The IPO opens on Sep 28, 2018, and closes on Oct 5, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The AKI India IPO opens on Sep 28, 2018 and closes on Oct 5, 2018.
AKI India IPO lot size is 10000 Shares and the minimum order quantity is .
You can apply in AKI India 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for AKI India IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the AKI India IPO allotment status.
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