Akg Exim IPO is all set to make its debut on 11th Sept 18 with 5.52 Cr is a company engaged in the business of merchant trading of products and commodities.
Akg Exim IPO – overview
| IPO Dates | 10-14 sept 18 |
| IPO Price | INR 31 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,780,000 shares (INR 5.52 crore) |
| Minimum bid (lot size) | 4000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Akg Exim IPO – Tentative Dates
| IPO Offer Opening Date | 11 Sept 2018 |
| IPO Closing Date | 18 Sept 2018 |
| Finalization of Basis of Allotment | 24 Oct 2018 |
| Initiation of refunds | 25 Oct 2018 |
| Transfer of shares to demat accounts | 25 Oct 2018 |
| IPO Listing Date | 27 Oct 2018 |
Company Overview
Incorporated in 2005, Delhi based Akg Exim Limited is a company engaged in the business of merchant trading of products and commodities. It is a global merchandiser and distributor of a range of products including Non-Basmati Rice, Spices, Dry Fruits, Metal Scrap, Iron Scrap and Aluminium scrap etc.
AKG exports Metal Scrap from USA & West African Countries and sells it in Far East Countries & in Domestic
markets. The Non-Basmati Rice is purchased from the domestic Market and exported to African Countries.
The company’s revenues from operations increased from Rs. 7,468.05 Lacs in 2014-2015 to Rs. 9859.04 Lacs in 2015-16 and further to Rs. 10489 Lacs in F.Y. 2016-17, at the rate of 32.01% and 6.40%.
The Net Profit after tax grew from Rs. 40.71 Lacs in 2014-15 to Rs 48.86 Lacs in 2016-17, at the rate of 18.71%.
Objects of the Issue
- Repayment of certain identified loans availed from lenders and directors.
- Purchase of Machinery/Equipment.
- Funding of Working Capital Gap.
- General Corporate Purposes.
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 5,999.48 | 6,058.46 | 5,650.17 |
| Total Revenue | 8,197.89 | 10,555.24 | 9,859.04 |
| Profit After Tax | 62.79 | 48.86 | 41.16 |
Company Contact Information
Akg Exim Limited
408-411, Pearls Corporate
Mangalam Place, Sector – 3, Rohini,
Behind Kali Mata Temple, Delhi 110085
Phone: +91-11-40015500
Email: info@akg-global.com
Website: http://www.akg-global.com/
Akg Exim IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: http://www.masserv.com
Akg Exim IPO Lead Manager(s)
- Navigant Corporate Advisors Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
