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Incorporated in 2005, Akme Star Housing Finance Ltd is registered with National Housing Bank (NHB) and mainly engaged in the business of housing finance. Company provides home loans finance to weaker sections of the society, group housing societies and NGOs engaged in the welfare of the weaker section which includes housing loans, construction loans, and loan against home properties.
Akme Star Housing Finance Limited is a part of AKME Group which is involved in wide varieties of business activities that includes Non Banking Financial Services, Micro finance Activities, Housing Finance (Duly registered with NHB), Real Estate Construction activities and Automobile dealership.
Headquarter at Udaipur, Rajasthan, Company offers a variety of home loan products which are designed to cater the dynamic needs of rural and micro-rural borrowers. Their commitment to offer the home loans comprise of products like 'Loan to purchase new housing units', 'Loan to construct new units', 'Loan to purchase plot and construction of units thereon', 'Extension & Renovation Loan' etc.
The objects of the Issue are to:
1. Augmentation of capital base and meeting fund requirements for increasing operation scales;
2. General Corporate Purposes and
3. Issue Expenses.
| IPO Date | Feb 25, 2015 to Mar 5, 2015 |
| Listing Date | Friday, March 20, 2015 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Issue Size | 1,600,000 shares of ₹10 (aggregating up to ₹4.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The promoters of the company are: 1. Mr. Mohan Lal Nagda |
The Akme Star Housing Finance IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
On prima facie basis, this SME offer is at higher P/E and low preference for SME IPOs by the broking community at large due to entry barriers, it is not worth. However, HNIs with surplus funds may invest at their own discretion for long term.
Read detail review...
| Listing Date | Friday, March 20, 2015 |
| BSE Script Code | 539017 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE526R01010 |
| IPO Price | ₹30 per share |
| Face Value | ₹10 per share |
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Akme Star Housing Finance Ltd
Akme Business Centre (ABC),
4-5 Subcity Centre, Savina Circle,
Opp. Krishi Upaz Mandi, Udaipur-313002
Phone: (0294) 2489501/02
Email: akmestarhousing@yahoo.com
Website: http://www.akmestarhousing.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Akme Star Housing Finance IPO is a SME IPO of 1,600,000 equity shares of the face value of ₹10 aggregating up to ₹4.80 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on Feb 25, 2015, and closes on Mar 5, 2015.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Akme Star Housing Finance IPO opens on Feb 25, 2015 and closes on Mar 5, 2015.
Akme Star Housing Finance IPO lot size is 4000 Shares and the minimum order quantity is .
You can apply in Akme Star Housing Finance 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 Akme Star Housing Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Akme Star Housing Finance IPO allotment status.
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