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.
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.
| 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
| IPO Opening Date | Sep 28, 2018 |
| IPO Closing Date | Oct 5, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹11 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | 2,800,000 Eq Shares of ₹10 (aggregating up to ₹3.08 Cr) |
The AKI India IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹110,000 |
| Maximum | 1 | 10000 | ₹110,000 |
The AKI India IPO is subscribed 1.56x times on Oct 5, 2018 18:50. The public issue subscribed 0.99x in the retail category, in the QIB category, and 2.14x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| NII | 2.14x |
| RII | 0.99x |
| Total | 1.56x |
| Listing Date | Friday, October 12, 2018 |
| BSE Script Code | 542020 |
| NSE Symbol | |
| Listing In | MT |
| ISIN | INE642Z01018 |
| IPO Price | ₹11 per equity share |
| Face Value | ₹10 per equity share |
|
|
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
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: aki.ipo@linkintime.co.in
Website: http://www.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 equity 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 10000 Shares.
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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