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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.

AKMís 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. Companyís 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.

AKM Lace IPO Details

IPO Date Sep 20, 2017 to Sep 22, 2017
Listing Date Sep 29, 2017
Face Value ₹10 per share
Price ₹25 per share
Lot Size 6000 Shares
Total Issue Size1,902,000 shares
(aggregating up to ₹4.76 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

AKM Lace IPO Reservation

AKM Lace IPO Lot Size

The AKM Lace IPO lot size is 6000 shares.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹150,000
Retail (Max) 1 6000 ₹150,000
Lot Size Calculator

AKM Lace IPO Subscription Status (Bidding Detail)

The AKM Lace IPO is subscribed times on Sep 22, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

AKM Lace IPO Review (Avoid)

[Dilip Davda]  Considering aggressive pricing of AKM Lace & Embro BSE SME IPO, there is no harm in giving this issue a miss. Read detail review...

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 Prospectus

AKM Lace IPO Rating

25
3.3
Rating:Rated 3.3 stars
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AKM Lace IPO Listing Details

Listing Date Sep 29, 2017
BSE Script Code 540718
NSE Symbol
ISIN INE777X01017
Final Issue Price ₹25 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹25.00
₹25.50
₹23.60
₹25.55
₹24.90

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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

Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/

AKM Lace IPO Analysis

AKM Lace IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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SME IPO Enquiry

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AKM Lace IPO FAQs

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 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 .

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, Nuvama, 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.

The AKM Lace IPO listing date is on Sep 29, 2017.
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AKM Lace IPO Message Board

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1 Comments

1. drimran |   Link |Sep 18, 2017 9:41:21 PM
avoid