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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 ₹31.00 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). The minimum lot size investment for 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 Date | September 10, 2018 to September 14, 2018 |
| Listing Date | September 25, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹31 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 17,80,000 shares (aggregating up to ₹5.52 Cr) |
| Reserved for Market Maker | 92,000 shares Multiplex Capital Ltd. (aggregating up to ₹0.2852 Cr) |
| Net Offered to Public | 16,88,000 shares (aggregating up to ₹5.23 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 48,40,120 shares |
| Share Holding Post Issue | 66,20,120 shares |
Akg Exim IPO offers total 17,80,000 shares. Out of which 8,44,000 (47.42%) allocated to NII, 8,44,000 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 92,000 (5.17%) |
| NII (HNI) Shares Offered | 8,44,000 (47.42%) |
| Retail Shares Offered | 8,44,000 (47.42%) |
| Total Shares Offered | 17,80,000 (100.00%) |
AKG Exim IPO opens on September 10, 2018, and closes on September 14, 2018.
| IPO Open Date | Mon, Sep 10, 2018 |
| IPO Close Date | Fri, Sep 14, 2018 |
| Tentative Listing Date | Tue, Sep 25, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 14, 2018 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 30-Nov-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 5,999.48 | 6,058.46 | 5,650.17 | 3,509.23 | 3,100.16 | 4,159.25 |
| Total Revenue | 8,197.89 | 10,555.24 | 9,859.04 | 7,482.38 | 7,044.84 | 10,825.95 |
| Profit After Tax | 62.79 | 48.86 | 41.16 | 40.71 | 53.82 | 68.67 |
The Objects Of The Issue are to-
1. Part finance working capital requirements of the Company;
2. Meet General corporate purposes;
3. Meet the expenses of the Issue.
[Dilip Davda] <p>Issue is fully priced. Sudden jump in FY18 earnings is a bit surprising. LM has average track record. AKG’s export/ import business is with a group company having similar business that raises concern. Rupee/Dollar parity may impact it’s working. Cash surplus investors may consider investment at their own risk.</p> Read detail review...
| Listing Date | September 25, 2018 |
| BSE Script Code | |
| NSE Symbol | AKG |
| ISIN | INE00Y801016 |
| Final Issue Price | ₹31 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹31.00 |
| Open | ₹32.25 |
| Low | ₹31.50 |
| High | ₹32.25 |
| Last Trade | ₹32.00 |
AKG Exim Ltd.
408-411, Pearls Corporate
Mangalam Place, Sector - 3, Rohini
Behind Kali Mata Temple
Delhi, New Delhi, 110085
Phone: +91-11-40015500
Email: info@akg-global.com
Website: http://www.akg-global.com/
MAS Services Ltd.
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
AKG Exim IPO is a SME IPO of 17,80,000 equity shares of the face value of ₹10 aggregating up to ₹5.52 Crores. The issue is priced at ₹31 per share. The minimum order quantity is 4000.
The IPO opens on September 10, 2018, and closes on September 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 September 10, 2018 and closes on September 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 Tuesday, September 25, 2018.
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