Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Wed, Feb 25, 2015 - Thu, Mar 5, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Feb 25, 2015
IPO Close
Thu, Mar 5, 2015
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹17.80 Cr
| IPO Date | 25 Feb to 5 Mar, 2015 |
| Listed on | Fri, Mar 20, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 16,00,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 80,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.2400 Cr) |
| Fresh Issue (Ex Market Maker) | 15,20,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 15,20,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 43,34,500 shares |
| Share Holding Post Issue | 59,34,500 shares |
| BSE Script Code | 539017 |
| ISIN | INE526R01010 |
Akme Star Housing Finance IPO comprises a total issue size of 16,00,000 shares. The net offer to the public is 15,20,000 shares, after excluding 80,000 shares allotted on a firm basis. Of the Net offer 7,60,000 (50.00%) allocated to NII 7,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,60,000 | 50.00% | 47.50% |
| Retail Shares Offered | 7,60,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 80,000 | 5.00% | |
| Total Shares Offered | 16,00,000 | 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 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
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.
| 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 | 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 |
| KPI | |
|---|---|
| RoNW | 3.63% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 70% | 51.13% |
| Market Cap | ₹17.80 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.35 |
| 2 | Regulatory fees & Other Expenses | 0.10 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹32.00 |
| Low | ₹31.50 |
| High | ₹32.00 |
| Last Trade | ₹31.75 |
Lead Manager Reports
Akme Star Housing Finance IPO is a SME IPO of 16,00,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Feb 25, 2015, and closes on Thu, Mar 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 Wed, Feb 25, 2015 and closes on Thu, Mar 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 Fri, Mar 20, 2015.
