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AKM Lace & Embrotex Ltd IPO (AKM Lace IPO) Detail

Sep 20, 2017 - Sep 22, 2017

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.

Company Promoters:

The promoters of the company are:

1. Mr. Anoop Kumar Mangal
2. Anoop Kumar Mangal and Sons (HUF) and
3. Mr. Shambhu Dayal Mangal

Objects of the Issue:

The Objects of the Issue are:

1. Working capital requirement;
2. General Corporate Purposes, and
3. Issue related expenses.

AKM Lace IPO Details

Issue OpenSep 20, 2017 - Sep 22, 2017
Issue TypeFixed Price Issue IPO
Issue Size1,902,000 Eq Shares of Rs 10
(aggregating up to Rs 4.76 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 25 Per Equity Share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE SME

AKM Lace IPO Subscription Status (Bidding Detail)

AKM Lace IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

Sep 22, 2017 17:00

AKM Lace IPO Prospectus

AKM Lace IPO Rating

25
3.3
Rating:Rated 3.3 stars

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AKM Lace IPO Listing Date

Listing DateFriday, September 29, 2017
BSE Script Code540718
NSE Symbol
Listing InM
ISININE777X01017
Issue PriceRs 25 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE SME
Rs 25.00
Rs 25.50
Rs 23.60
Rs 25.55
Rs 24.90
138,000

AKM Lace IPO Reviews / Ratings

Company Contact Information

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

AKM Lace IPO Registrar

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

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AKM Lace IPO Review / Comments

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1. drimran  Sep 18, 2017 21:41 I Like It. 3 | Report Abuse
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