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Akme Star Housing Finance IPO is a fixed price issue of Rs 4.80 crores.
Akme Star Housing Finance IPO bidding started from February 25, 2015 and ended on March 5, 2015. The shares got listed on BSE SME on March 20, 2015.
Akme Star Housing Finance IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Akme Star Housing Finance IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
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 |
Price | ₹30 per share |
Lot Size | 4000 Shares |
Total Issue Size | 1,600,000 shares (aggregating up to ₹4.80 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 4,334,500 |
Share holding post issue | 5,934,500 |
Market Maker portion | 80,000 shares |
Investors can bid for a minimum of 4000 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 | 4000 | ₹120,000 |
Retail (Max) | 1 | 4000 | ₹120,000 |
Lot Size Calculator |
The promoters of the company are:
1. Mr. Mohan Lal Nagda
2. Mr. Nirmal Kumar Jain
3. Mr. Kalu Lal Jain
4. Mr. Anil Kumar Jain
5. Mrs. Abhilasha Jain
Share Holding Pre Issue | 70% |
Share Holding Post Issue | 51.13% |
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.
KPI | Values |
---|---|
RoNW | 3.63% |
The objects of the Issue are to:
1. Augmentation of capital base and meeting fund requirements for increasing operation scales;
2. General Corporate Purposes and
3. Issue Expenses.
[Dilip Davda]
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.
Read detail review...Listing Date | March 20, 2015 |
BSE Script Code | 539017 |
NSE Symbol | |
ISIN | INE526R01010 |
Final Issue Price | ₹30 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹30.00 |
₹32.00 |
₹31.50 |
₹32.00 |
₹31.75 |
Akme Star Housing Finance Ltd
Akme Business Centre (ABC),
4-5 Subcity Centre, Savina Circle,
Opp. Krishi Upaz Mandi, Udaipur-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
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Akme Star Housing Finance IPO is a SME IPO of 1,600,000 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 Shares.
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.
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 Shares, and the minimum amount required is ₹120,000.
You can apply in Akme Star Housing Finance 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 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.
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