Incorporated in 2009, AKM Lace & Embrotex Ltd (AKM) is engaged in the business of manufacturing and trading of all types of embrotex goods, laces, fabrics, clothing, wearing apparel for personal, commericial and industrial use.
AKM’s sale model is divided into two parts, i.e. sale of traded goods which comprises of cotton fabrics, grey cloth, etc and sale of manufactured/processed goods, which comprises of knitted fabrics primarily lace based. For the year ended March 31, 2017 they traded and manufactured goods constituted 73.08% and 26.92% respectively of the total revenue from operations. Company’s products are mostly used in the manufacture of apparels such as sarees, shirtings, suitings, and upholstery such as curtains among others. Company purchases the traded goods from the local suppliers and manufacturers and sells the same to small scale traders.
The promoters of the company are:
1. Mr. Anoop Kumar Mangal
2. Anoop Kumar Mangal and Sons (HUF) and
3. Mr. Shambhu Dayal Mangal
The Objects of the Issue are:
1. Working capital requirement;
2. General Corporate Purposes, and
3. Issue related expenses.
| IPO Opening Date | Sep 20, 2017 |
| IPO Closing Date | Sep 22, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹25 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | 1,902,000 Eq Shares of ₹10 (aggregating up to ₹4.76 Cr) |
The AKM Lace IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹150,000 |
| Maximum | 1 | 6000 | ₹150,000 |
The AKM Lace IPO is subscribed times on Sep 22, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| Total |
| Listing Date | Friday, September 29, 2017 |
| BSE Script Code | 540718 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE777X01017 |
| IPO Price | ₹25 per equity share |
| Face Value | ₹10 per equity share |
|
|
AKM Lace & Embrotex Ltd
IX/6024 Ram Gali,
Subhash Mohalla,
Gandhi Nagar - Delhi - 110031
Phone: +91 - 11 - 4985 6126
Email: akmlace@gmail.com
Website: http://www.akmlace.com
Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Phone: +91 - 11 - 2681
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com
AKM Lace IPO is a SME IPO of 1,902,000 equity shares of the face value of ₹10 aggregating up to ₹4.76 Crores. The issue is priced at ₹25 per equity share. The minimum order quantity is 6000 Shares.
The IPO opens on Sep 20, 2017, and closes on Sep 22, 2017.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The AKM Lace IPO opens on Sep 20, 2017 and closes on Sep 22, 2017.
AKM Lace IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.
You can apply in AKM Lace 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 AKM Lace IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the AKM Lace IPO allotment status.
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