Leading merchant trading company AKG Exim Limited is now readt launch its Rs5.52 crore initial public offering (IPO) SME on 10 September.
AKG Exim has set a price band of Rs 32 per share for the IPO, which will close on 14 September. The company offer for sale is around 1,780,000 shares.
Bids can be made for a minimum lot of 4000 equity shares and in multiples of 4000 equity shares thereafter.
The book running lead managers to the offer is Navigant Corporate Advisors Ltd while MAS Services Limited is the registrar to the offer.
The equity shares are proposed to be listed on NSE SME.
AKG Exim Limited is one of the best merchant trading of products and commodities company in India. They have world-wide merchandiser and distributor ship for range of products such as Non-Basmati Rice, Spices, Dry Fruits, Metal Scrap, Iron Scrap, Aluminium scrap and more. They are also exporting metal scrap from US and West Africa and selling it to domestic market and East countries as well.
Currently it has around permanent employee of 18 on payroll.
AKG Exim IPO Reviews & Recommendations:
- Don’t apply.
AKG Exim IPO & Issue Details
|Subscription Dates||10 – 14 September 2018|
|Issue Price Band||INR 31|
|Minimum bid (lot size)||4000 Shares|
|Minimum Lot Amount||INR 124000|
|Face Value||INR 10 per share|
|IPO Size||INR 5.52 Cr|
|Issue Type||Fixed Price Issue IPO|
|Listing At||NSE SME|
AKG Exim IPO Financial Performance (in INR Crore)
AKG Exim IPO Subscription Status
|Category||Day 1||Day 2||Day 3||Day 4|
AKG Exim IPO Tentative Dates: Allotment & Listing Details:
- Bid/Offer Opens On: 10 Sept 2018
- Bid/Offer Closes On: 14 Sept 2018
- Basis of Allotment: On or about – 21 Sept 2018
- Refunds Status: On or about – 24 Sept 2018
- Credit of Equity Shares to demat accounts: On or about – 25 Sept 2018
- Listing Date: On or about – 26 Sept 2018
Allotment Status – AKG Exim IPO : Check Here
AKG Exim IPO Issue Object
- Part finance working capital requirements of the Company
- Meet General corporate purposes
- Meet the expenses of the Issue
AKG Exim IPO Prospectus:
- DRHP Draft Prospectus
- Red Herring Prospectus
AKG Exim IPO Lead Manager(s):
- Navigant Corporate Advisors Ltd
AKG Exim IPO Promoters:
- Rajeev Goel
- Apple Overseas Pte. Limited
- Rajeev Goel HUF
Company Contact Information:
Akg Exim Limited
408-411, Pearls Corporate
Mangalam Place, Sector – 3, Rohini,
Behind Kali Mata Temple, Delhi 110085
Phone: Phone : +91-11-40015500
Fax: Fax: +91-11-40015518
AKG Exim IPO Registrar:
MAS Services Limited
T-34, 2nd Floor
Okhla Industrial Area, Phase – II
New Delhi – 110020Phone: +91 11 2638 7281
Fax: +91 11 2638 7384
Email: [email protected]