AKI India Limited IPO

Add to Calendar 2018-09-28 12:00 AM 2018-10-03 12:00 AM Asia/Kolkata AKI India Limited IPO AKI India Limited India

AKI India Limited is an ISO 9001:2008 certified company involved in manufacturing and exporting of Saddlery goods, leather goods and leather chemicals across India. It has developed in-house knowledge, skilled workforce and offers the wide range of products that suites according to its client requirements.

Date of incorporation: The company was incorporated as ‘AKI Leather Industries Private Limited’ on 16th May 1994 at Kanpur, Uttar Pradesh. It was subsequently converted into public limited company reformed to ‘AKI India Limited’ on 29th May 2017.

Promoters of AKI India Limited: Mr Asad Kamal Iraqi and Mr Anwar Kamal Iraqi are the promoters of AKI India Limited.

Products and Services Offering: The company has diversified products and services that include:

  • - Saddlery Division: Bridles, Browbands, Chaps & Gaitors, Reins, Rugs and Saddle Girth among others.

  • - Footwear Division: Countryside Footwear, Formal, Marine, Outdoor and Casual Shoes among others.

  • - Tannery Division: Bag Leather, Belt Leather, Footwear Leather and Harness Leather among others.

  • - Chemical Division: Leather Chemicals.

Customer Segments: The company carters domestic clients across India. Some of its clientele includes News Srl, Gruppo Mastrotto S.P.A, Goodwill Tannery, Saba Export, Rizzi Pellami Spa and Shalimar Leather Industries among others.

Objects of AKI India Limited IPO: The core objectives of AKI India Limited IPO are-

  • - To Finance Working Capital Requirements.

  • - To Meet the Issue Expenses.

  • - To Meet General Corporate Expenses.

Company Financials:

Summary of Financial Information (Restated)


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






Total Assets






Total Revenue






Profit After Tax






Issue Detail

  • Issue Open: Sep 28, 2018
  • Issue Close: Oct 03, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 11 Per Equity Share
  • Bid Lot:10000 Shares
  • Minimum Order Quantity:10000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 3.08 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 1,330,000 1,330,000 - - 2,660,000
Day 1 - Sep 28, 2018IST - 0.15x 0.00x - - 0.08x
Day 2 - Oct 01, 2018IST - 0.26x 0.04x - - 0.15x
Day 3 - Oct 03, 2018IST - 1.19x 0.15x - - 0.67x
Day 4 - Oct 04, 2018IST - 1.20x 0.16x - - 0.68x
Day 5 - Oct 05, 2018IST - 2.14x 0.99x - - 1.56x

Listing Day Trading Information

Issue Price Rs 11.00 -
Open Rs 11.05 -
Low Rs 11.05 -
High Rs 11.55 -
Last Trade Rs 11.55 -
Volume 60,000 -

AKI India Limited Red Herring Prospectus

AKI India Limited User Rating


AKI India Limited Life IPO Reviews

AKI India Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker


Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us