AKM Lace & Embrotex IPO

AKM Lace & Embrotex IPO

Business description from prospectus - AKM Lace & Embrotex is engaged in the business of trading of textile products primarily fabrics as well as supply of customized lace and embroidered work items which it manufactures/processes through established job work arrangements.

The company’s sale model is divided into two parts, i.e. sale of traded goods, which comprises of cotton fabrics, grey cloth, etc and sale of manufactured/processed goods, which comprises of knitted fabrics primarily lace based. For the year ended March 31, 2017, its traded and manufactured goods constituted 73.08% and 26.92% respectively of total revenue from operations. Its products are mostly used in the manufacture of apparels such as sarees, shirtings, suitings, and upholstery such as curtains amongst others. The Company purchases the traded goods from the local suppliers and manufacturers / sells the same to small scale traders.

Promoters of AKM Lace & Embrotex – Mr Anoop Kumar Mangal, Mr Shambhu Dayal Mangal and Anoop Kumar Mangal & Sons (HUF)

AKM Lace & Embrotex IPO details

Subscription Dates 20 - 22 September 2017
IPO Price band INR25 per share
Fresh issue 1,902,000 shares (INR4.75 crore)
Offer for sale Nil
Total IPO size 1,902,000 shares (INR4.75 crore)
Minimum bid (lot size) 6,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

AKM Lace & Embrotex's financial performance (in INR lakh)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 5.5 31.0 86.0 101.9 1,131.3
Total expenses 5.5 30.9 85.6 101.0 1,111.0
Profit after tax -0.03 0.1 0.3 0.6 13.9

AKM Lace & Embrotex Limited
Unit No.328-329, RG Complex – II,
Plot No.5, Sector 14,
Rohini, New Delhi- 110085

Phone: +91 11 4985 6126
Email: [email protected]
Website: www.akmlace.com

Day

Subscription (no. of times)

Day 1 0.03
Day 2 0.19
Day 3 1.14

 

Earnings Per Share (EPS): INR1.35

Price/Earnings (P/E) ratio: 18.52

Return on Net Worth (RONW): 4.53%

Net Asset Value (NAV): INR27.68 per share

Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India

Phone: +91 22 2851 1022
Email[email protected]
Website: www.skylinerta.com

AKM Lace & Embrotex IPO allotment status is now available on Skyline Financial Services' website. Click on this link to get allotment status.

IPO Opening Date: 20 September 2017

IPO Closing Date: 22 September 2017

Finalisation of Basis of Allotment: 27 September 2017

Initiation of refunds: 28 September 2017

Transfer of shares to demat accounts: 29 September 2017

Listing Date: 29 September 2017

Listing Price on BSE SME: INR25.5 per share (up 2% from IPO price)

Closing Price on BSE SME: INR24.9 per share (down 0.4% from IPO price)

AKM Lace & Embrotex IPO
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