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Akme Star Housing Finance IPO is a fixed price issue of ₹4.80 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹4.80 crore.
Akme Star Housing Finance IPO bidding started from Feb 25, 2015 and ended on Mar 5, 2015. The shares got listed on BSE SME on Mar 20, 2015.
Akme Star Housing Finance IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Akme Star Housing Finance IPO RHP for detailed Information.
| IPO Date | February 25, 2015 to March 5, 2015 |
| Listing Date | March 20, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,00,000 shares (aggregating up to ₹4.80 Cr) |
| Reserved for Market Maker | 80,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.2400 Cr) |
| Net Offered to Public | 15,20,000 shares (aggregating up to ₹4.56 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 43,34,500 shares |
| Share Holding Post Issue | 59,34,500 shares |
Akme Star Housing Finance IPO offers total 16,00,000 shares. Out of which 7,60,000 (47.50%) allocated to NII, 7,60,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 80,000 (5.00%) |
| NII (HNI) Shares Offered | 7,60,000 (47.50%) |
| Retail Shares Offered | 7,60,000 (47.50%) |
| Total Shares Offered | 16,00,000 (100.00%) |
Akme Star Housing Finance IPO opens on February 25, 2015, and closes on March 5, 2015.
| IPO Open Date | Wed, Feb 25, 2015 |
| IPO Close Date | Thu, Mar 5, 2015 |
| Tentative Listing Date | Fri, Mar 20, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 5, 2015 |
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 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Akme Star Housing Finance 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 | Augmentation of capital base and meeting fund requirements for increasing operation scales | 4.00 |
| 2 | General Corporate Purposes | 0.35 |
| 3 | Issue Expenses | 0.45 |
[Dilip Davda] <p>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.</p> Read detail review...
| Listing Date | March 20, 2015 |
| BSE Script Code | 539017 |
| NSE Symbol | |
| ISIN | INE526R01010 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹32.00 |
| Low | ₹31.50 |
| High | ₹32.00 |
| Last Trade | ₹31.75 |
Akme Star Housing Finance Ltd.
Akme Business Centre (ABC),
4-5 Subcity Centre, Savina Circle,
Opp. Krishi Upaz Mandi,
Udaipur, Rajasthan, 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: https://ipo.bigshareonline.com/IPO_Status.html
Akme Star Housing Finance IPO is a SME IPO of 16,00,000 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.
The IPO opens on February 25, 2015, and closes on March 5, 2015.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Akme Star Housing Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Akme Star Housing Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Akme Star Housing Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Akme Star Housing Finance IPO opens on February 25, 2015 and closes on March 5, 2015.
Akme Star Housing Finance IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Akme Star Housing Finance 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 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.
The Akme Star Housing Finance IPO listing date is on Friday, March 20, 2015.
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