Fixed Price IPO | ₹6 Cr | Listed at NSE SME | Mon, Sep 10, 2018 - Fri, Sep 14, 2018
AKG Exim IPO is a fixed price issue of ₹5.52 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹5.52 crore.
AKG Exim IPO bidding started from Sep 10, 2018 and ended on Sep 14, 2018. The shares got listed on NSE SME on Sep 25, 2018.
AKG Exim IPO price is ₹31 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,24,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,48,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The Market Maker of the company is Multiplex Capital Ltd..
Refer to AKG Exim IPO RHP for detailed Information.
IPO Open
Mon, Sep 10, 2018
IPO Close
Fri, Sep 14, 2018
Issue Price
₹31 per share
Market Cap (Pre-IPO)
₹20.52 Cr
| IPO Date | 10 to 14 Sep, 2018 |
| Listed on | Tue, Sep 25, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹31 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 17,80,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 92,000 shares Multiplex Capital Ltd. (agg. up to ₹0.2852 Cr) |
| Fresh Issue (Ex Market Maker) | 16,88,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 16,88,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 48,40,120 shares |
| Share Holding Post Issue | 66,20,120 shares |
| NSE Symbol | AKG |
| ISIN | INE00Y801016 |
AKG Exim IPO comprises a total issue size of 17,80,000 shares. The net offer to the public is 16,88,000 shares, after excluding 92,000 shares allotted on a firm basis. Of the Net offer 8,44,000 (50.00%) allocated to NII 8,44,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,44,000 | 50.00% | 47.42% |
| Retail Shares Offered | 8,44,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 92,000 | 5.17% | |
| Total Shares Offered | 17,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,24,000 |
| Retail (Max) | 1 | 4,000 | ₹1,24,000 |
| HNI (Min) | 2 | 8,000 | ₹2,48,000 |
Incorporated in 2005, Delhi based Akg Exim Limited is a company engaged in the business of merchant trading of products and commodities. It is a global merchandiser and distributor of a range of products including Non-Basmati Rice, Spices, Dry Fruits, Metal Scrap, Iron Scrap and Aluminium scrap etc.
AKG exports Metal Scrap from USA & West African Countries and sells it in Far East Countries & in Domestic
markets. The Non-Basmati Rice is purchased from the domestic Market and exported to African Countries.
The company's revenues from operations increased from Rs. 7,468.05 Lacs in 2014-2015 to Rs. 9859.04 Lacs in 2015-16 and further to Rs. 10489 Lacs in F.Y. 2016-17, at the rate of 32.01% and 6.40%.
The Net Profit after tax grew from Rs. 40.71 Lacs in 2014-15 to Rs 48.86 Lacs in 2016-17, at the rate of 18.71%.
The company has 18 employees on its payroll.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part finance working capital requirements of the Company | 3.94 |
| 2 | To meet General corporate purposes | 0.90 |
The Akg Exim IPO is subscribed 1.18 times on September 14, 2018 5:00:00 PM (Day 4). The public issue subscribed 0.37 times in the retail category, [.] times in the QIB category, and 1.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.99 | 8,44,000 | 16,76,000 |
| Retail | 0.37 | 8,44,000 | 3,12,000 |
| Total | 1.18 | 16,88,000 | 19,88,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, Underwriting Fees selling commissions, brokerages, Payment to other intermediaries such as Legal Advisors, Registrars, Market Making fee for three years etc. | 0.58 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 3 | Advertisement & Marketing Expenses | 0.02 |
| 4 | Regulatory & other expenses | 0.03 |
| 5 | Miscellaneous Expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹31.00 |
| Open | ₹32.25 |
| Low | ₹31.50 |
| High | ₹32.25 |
| Last Trade | ₹32.00 |
Lead Manager Reports
AKG Exim IPO is a SME IPO of 17,80,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹31 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Sep 10, 2018, and closes on Fri, Sep 14, 2018.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in AKG Exim IPO using UPI as a payment gateway. Zerodha customers can apply in AKG Exim IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AKG Exim IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AKG Exim IPO opens on Mon, Sep 10, 2018 and closes on Fri, Sep 14, 2018.
AKG Exim IPO lot size is 4000, and the minimum amount required for application is ₹1,24,000.
You can apply in AKG Exim IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for AKG Exim IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the AKG Exim IPO allotment status.
The AKG Exim IPO listing date is on Tue, Sep 25, 2018.
