Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Fri, Sep 28, 2018 - Fri, Oct 5, 2018
AKI India IPO is a fixed price issue of ₹3.08 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹3.08 crore.
AKI India IPO bidding started from Sep 28, 2018 and ended on Oct 5, 2018. The shares got listed on BSE SME on Oct 12, 2018.
AKI India IPO price is ₹11 per share. The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (10000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (20,000 shares), amounting to ₹2,20,000.
Finshore Management Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Sparkle Securities Solutions Pvt.Ltd..
Refer to AKI India IPO RHP for detailed Information.
IPO Open
Fri, Sep 28, 2018
IPO Close
Fri, Oct 5, 2018
Issue Price
₹11 per share
Market Cap (Pre-IPO)
₹11.33 Cr
| IPO Date | 28 Sep to 5 Oct, 2018 |
| Listed on | Fri, Oct 12, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹11 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,00,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 1,40,000 shares Sparkle Securities Solutions Pvt.Ltd. (agg. up to ₹0.1540 Cr) |
| Fresh Issue (Ex Market Maker) | 26,60,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 26,60,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 74,97,000 shares |
| Share Holding Post Issue | 1,02,97,200 shares |
| BSE Script Code | 542020 AKI |
| ISIN | INE642Z01018 |
AKI India IPO comprises a total issue size of 28,00,000 shares. The net offer to the public is 26,60,000 shares, after excluding 1,40,000 shares allotted on a firm basis. Of the Net offer 13,30,000 (50.00%) allocated to NII 13,30,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,30,000 | 50.00% | 47.50% |
| Retail Shares Offered | 13,30,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,40,000 | 5.00% | |
| Total Shares Offered | 28,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,10,000 |
| Retail (Max) | 1 | 10,000 | ₹1,10,000 |
| HNI (Min) | 2 | 20,000 | ₹2,20,000 |
Incorporated in 1994, Kanpur based AKI India Limited is a company engaged in the business of manufacturing and export of leather and leather goods. The company manufactures saddlery products, footwear as well as leather.
The company operates through two business verticals, retail, and distribution. The retail business operates through exclusive stores while the distribution vertical operates through multi-brand outlets.
The total revenue (consolidated) of the company increased from Rs 1821.75 lakhs in 2014 to Rs 4912 lakhs in 2018, at a CAGR of 21.94 %.
The EBITDA grew from Rs 306.19 lakhs in 2016 to Rs 400.02 lakhs in Fiscal 2018, at a CAGR of 15.32%.
The company employs 16 full time and 27 contracted labors.
| 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 Meet working capital requirement | 2.50 |
| 2 | Public issue expenses | 0.30 |
| 3 | General corporate purpose | 0.28 |
The AKI India IPO is subscribed 1.56 times on October 5, 2018 6:50:02 PM (Day 5). The public issue subscribed 0.99 times in the retail category, [.] times in the QIB category, and 2.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.14 | 13,30,000 | 28,40,000 |
| Retail | 0.99 | 13,30,000 | 13,20,000 |
| Total | 1.56 | 26,60,000 | 41,60,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Merchant Banker , Registrar Fees, Legal Fees & Misc. Expenditure Brokerage & Selling Commission | 0.26 |
| 2 | Printing and Stationery Expenses, Advertising and Marketing Expenses Statutory Expenses etc | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹11.00 |
| Open | ₹11.05 |
| Low | ₹11.05 |
| High | ₹11.55 |
| Last Trade | ₹11.55 |
Lead Manager Reports
AKI India IPO is a SME IPO of 28,00,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹11 per share. The minimum order quantity is 10000.
The IPO opens on Fri, Sep 28, 2018, and closes on Fri, Oct 5, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in AKI India IPO using UPI as a payment gateway. Zerodha customers can apply in AKI India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AKI India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AKI India IPO opens on Fri, Sep 28, 2018 and closes on Fri, Oct 5, 2018.
AKI India IPO lot size is 10000, and the minimum amount required for application is ₹1,10,000.
You can apply in AKI India 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 AKI India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the AKI India IPO allotment status.
The AKI India IPO listing date is on Fri, Oct 12, 2018.
