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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 ₹11.00 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). The minimum lot size investment for 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 Date | September 28, 2018 to October 5, 2018 |
| Listing Date | October 12, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹11 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,00,000 shares (aggregating up to ₹3.08 Cr) |
| Reserved for Market Maker | 1,40,000 shares Sparkle Securities Solutions Pvt.Ltd. (aggregating up to ₹0.1540 Cr) |
| Net Offered to Public | 26,60,000 shares (aggregating up to ₹2.93 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 74,97,000 shares |
| Share Holding Post Issue | 1,02,97,200 shares |
AKI India IPO offers total 28,00,000 shares. Out of which 13,30,000 (47.50%) allocated to NII, 13,30,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,40,000 (5.00%) |
| NII (HNI) Shares Offered | 13,30,000 (47.50%) |
| Retail Shares Offered | 13,30,000 (47.50%) |
| Total Shares Offered | 28,00,000 (100.00%) |
AKI India IPO opens on September 28, 2018, and closes on October 5, 2018.
| IPO Open Date | Fri, Sep 28, 2018 |
| IPO Close Date | Fri, Oct 5, 2018 |
| Tentative Listing Date | Fri, Oct 12, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 5, 2018 |
Investors can bid for a minimum of 10,000 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 | 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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 3,575.64 | 3,992.77 | 3,910.23 | 3,665.68 | 2,580.79 | |
| Total Revenue | 4,536.26 | 4,269.87 | 4,067.47 | 3,180.03 | 1,541.05 | |
| Profit After Tax | 102.22 | 15.11 | 14.26 | (63.45) | 12.95 | |
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 3,686.46 | 4,004.96 | 3,968.67 | 3,803.53 | 2,744.98 | |
| Total Revenue | 4,912.56 | 4,345.24 | 4,236.85 | 3,501.34 | 1,821.75 | |
| Profit After Tax | 110.71 | 10.56 | 16.65 | (108.07) | 1.95 | |
The Company AKI India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet working capital requirement | 2.50 |
| 2 | Public issue expenses | 0.30 |
| 3 | General corporate purpose | 0.28 |
[Dilip Davda] <p><strong>Although issue appears reasonably priced, considering its average financial data and poor track record of LM, cash surplus, risk savvy investors may consider investment at their own risk.</strong></p> Read detail review...
| Listing Date | October 12, 2018 |
| BSE Script Code | 542020 |
| NSE Symbol | AKI |
| ISIN | INE642Z01018 |
| Final Issue Price | ₹11 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹11.00 |
| Open | ₹11.05 |
| Low | ₹11.05 |
| High | ₹11.55 |
| Last Trade | ₹11.55 |
AKI India Ltd.
9/6(11)
Asharfabad Jajmau
Kanpur
Kanpur, Uttar Pradesh, 208010
Phone: 91 512 2463130
Email: info@groupaki.com
Website: http://www.groupaki.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: aki.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
AKI India IPO is a SME IPO of 28,00,000 equity shares of the face value of ₹10 aggregating up to ₹3.08 Crores. The issue is priced at ₹11 per share. The minimum order quantity is 10000.
The IPO opens on September 28, 2018, and closes on October 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 September 28, 2018 and closes on October 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 Friday, October 12, 2018.
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