AKI India IPO

AKI India IPOAKI India IPO Description - Established in year 1994, AKI India is engaged in the activities of producing and export of saddlery goods, services of the leather shoes and trading of leather chemicals at domestic level. The company’s core competencies are in-house technical knowledge, skilled workforce, diversified product portfolio. The company deals in all kinds of footwear’s leather accessories.

After successful running of saddlery business for 13 years, the company set up its own leather footwear unit in the year 2007-08 and started manufacturing and export of leather shoes. The company was involved in wholesaling and distribution of branded basic footwear and had forayed into the retail business in year 2013. Further in the year 2010, he company decided to go in for the backward integration and planned to set up its own tannery to produce finished leather also.

Promoters of AKI India – Mr Asad Kamal Iraqi and Mr Anwar Kamal Iraqi
AKI India IPO details
Subscription Dates 28 September - 5 October 2018
IPO Price band INR11 per share
Fresh issue 2,800,000 shares (INR3.08 crore)
Offer for sale Nil
Total IPO size 2,800,000 shares (INR3.08 crore)
Minimum bid (lot size) 10,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Working Capital Requirements - INR2.50 crore
  • General Corporate Purpose - INR0.28 crore
  • Issue Expenses - INR0.30 crore
AKI India's financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 18.22 35.01 42.37 43.45 49.13
Total expenses 18.09 35.68 42.26 43.26 47.53
Profit after tax 0.02 -1.08 0.17 0.11 1.11
AKI India's Contact Details

AKI India Limited
9/6(11),
Asharfabad Jajmau,
Kanpur - 208010

Phone: +91 512 2463130
Email: info@groupaki.com
Website: www.groupaki.com

AKI India IPO Subscription Details
Day

Subscription (no. of times)

Day 1 0.04
Day 2 0.14
Day 3 0.64
Day 4 0.65
Day 5 1.48
AKI India Valuation (For FY2018)

Earnings Per Share (EPS): INR1.11

Price/Earnings (P/E) ratio: 9.91

Return on Net Worth (RONW): 15.28%

Net Asset Value (NAV): INR14.50 per share

Registrar of AKI India IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: aki.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

AKI India IPO Allotment Status

AKI India IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing performance of AKI India

IPO Opening Date: 28 September 2018

IPO Closing Date: 5 October 2018

Listing Date: 12 October 2018

Listing Price on BSE SME: INR11.05 per share (up 0.45% from IPO price)

Closing Price on BSE SME: INR11.55 per share (up 5% from IPO price)

AKI India IPO
3.3 (65%) 4 votes

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