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)

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

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

- BSE NSE
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

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Frequently Asked Questions

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