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AKG Exim Limited IPO

Add to Calendar 2018-09-10 12:00 AM 2018-09-14 12:00 AM Asia/Kolkata AKG Exim Limited IPO AKG Exim Limited India

AKG Exim Limited is ISO 9001:2008 certified merchant trading company engaged in the distribution of vast products and commodities. The company is recognised by FIEO certification and is registered with the Food Safety and Standards Authority of India as an Importer. The company imports Metal Scrap from the USA and West African Countries and sells them in the Far East Countries and Domestic markets. It also exports Non-Basmati Rice to African Countries.

Date of Incorporation: The company was established as ‘AKG Exim Private Limited’ on 26th July 2005 as a private limited company. Eventually, the company was reformed as public limited company reframed as ‘AKG Exim Limited’ on 17th of January 2018.

Promoters of AKG Exim Limited: Mr Rajeev Goel is the promoter of AKG Exim Limited.

Products and Services Offering: AKG Exim Limited has a diversified product portfolio that consists of :

  • - Rice - Non-Basmati.

  • - Metal Scrap - Non-Ferrous Scrap and Ferrous Scrap

  • - Others - Spices, Dry Fruits and Miscellaneous Items.

Customer Segments: AKG Exim Limited has a varied customer segment that is spread across domestic markets. The major list of customers includes Apple Overseas Pte Ltd, Indowell Enterprises LLP, S.V. Enterprises and Uttam Kumar Rajeev Kumar among others. Besides this, it also exports its products to African Countries.

Objectives of AKG Exim Limited IPO: The main objectives of the AKG Exim Limited IPO are:

  • - To part finance working capital requirements of the Company.

  • - To meet General corporate purposes.

  • - To meet the expenses of the Issue.

Company Financials:

Particulars

For the year/period ended (in Rs. Lakhs)


3 -Nov-17

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

3 -Mar-13

Total Assets

5 ,999.48

6 ,058.46

5 ,650.17

3 ,509.23

3 ,100.16

4 ,159.25

Total Revenue

8 ,197.89

1 ,555.24

9 ,859.04

7 ,482.38

7 ,044.84

1 ,825.95

Profit After Tax

62.79

48.86

41.16

40.71

53.82

68.67

Issue Detail

  • Issue Open: Sep 10, 2018
  • Issue Close: Sep 14, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 31 Per Equity Share
  • Bid Lot:4000 Shares
  • Minimum Order Quantity:4000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 5.52 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 844,000 844,000 - - 1,688,000
Day 1 - Sep 10, 2018IST - 0.00x 0.01x - - 0.00x
Day 2 - Sep 11, 2018IST - 0.44x 0.01x - - 0.22x
Day 3 - Sep 12, 2018IST - 0.63x 0.30x - - 0.46x
Day 4 - Sep 14, 2018IST - 1.99x 0.37x - - 1.18x

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 31.00
Open - Rs 32.25
Low - Rs 31.50
High - Rs 32.25
Last Trade - Rs 32.00
Volume - 20,000

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