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AKI India IPO is a fixed price issue of Rs 3.08 crores.
AKI India IPO bidding started from September 28, 2018 and ended on October 5, 2018. The shares got listed on BSE SME on October 12, 2018.
AKI India IPO price is ₹11 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹110,000.
Finshore Management Services Limited is the book running lead manager of the AKI India IPO, while Link Intime India Private Ltd is the registrar for the issue.
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 |
| Price | ₹11 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 2,800,000 shares (aggregating up to ₹3.08 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,497,000 |
| Share holding post issue | 10,297,200 |
| Market Maker portion | 140,000 shares |
AKI India IPO offers 2,800,000 shares. 1,330,000 (47.50%) to NII, 1,330,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 140,000 (5.00%) |
| Other Shares Offered | 1,330,000 (47.50%) |
| Retail Shares Offered | 1,330,000 (47.50%) |
| Total Shares Offered | 2,800,000 (100%) |
Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹110,000 |
| Retail (Max) | 1 | 10000 | ₹110,000 |
| Lot Size Calculator | |||
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 objects of the Issue are to raise funds to meet-
1. Working Capital Requirements
2. General Corporate Purpose
3. Issue Expenses
[Dilip Davda]
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.
Read detail review...The AKI India IPO is subscribed 1.56 times on October 5, 2018 6:50:02 PM. 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) |
|---|---|
| Other | 2.14 |
| Retail | 0.99 |
| Total | 1.56 |
| Listing Date | October 12, 2018 |
| BSE Script Code | 542020 |
| NSE Symbol | AKI |
| ISIN | INE642Z01018 |
| Final Issue Price | ₹11 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹11.00 |
| ₹11.05 |
| ₹11.05 |
| ₹11.55 |
| ₹11.55 |
AKI India Limited
9/6(11)
Asharfabad Jajmau
Kanpur - 208010
Phone: 91 512 2463130
Email: info@groupaki.com
Website: http://www.groupaki.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: aki.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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AKI India IPO is a SME IPO of 2,800,000 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 Shares.
The IPO opens on September 28, 2018, and closes on October 5, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The AKI India IPO opens on September 28, 2018 and closes on October 5, 2018.
AKI India IPO lot size is 10000 Shares, and the minimum amount required is ₹110,000.
You can apply in AKI India IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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