AKM Lace & Embrotex Limited IPO is about to debut on 20 September 2017, with an issue size of 4.76CR. AKM Lace & Embrotex Ltd, established in 2009, is engaged in manufacturing and trading a wide range of embryotic goods, laces, fabrics, and wearing apparel for personal, commercial, and industrial use. The company follows a dual sales model, comprising the sale of traded goods, such as cotton fabrics and grey cloth, and manufactured/processed goods, primarily knitted fabrics based on lace. In the fiscal year ending March 31, 2017, traded and manufactured goods constituted 73.08% and 26.92%, respectively, of the company’s total revenue from operations.
AKM’s products are extensively used in the manufacture of clothing, including sarees, shirtings, suitings, and upholstery, such as curtains. The company procures traded goods from local suppliers and manufacturers and sells them to small-scale traders.
Industry Overview
The textile industry in India is very old and has been around for many centuries. It is still a very important part of the Indian economy and contributes about 11% to the country’s exports. The textile industry also employs a lot of people. There are two main parts of the textile industry: the unorganized part which includes things like handloom and handicrafts that are made using traditional tools and methods on a small scale, and the organized part which includes spinning, apparel, and garment making that use modern machinery and techniques to make things in large quantities.
AKM Lace IPO Details
| IPO Date | Sep 20, 2017 to Sep 22, 2017 |
| Listing Date | Sep 29, 2017 |
| Face Value | ₹10 per share |
| Price | ₹25 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,902,000 shares(aggregating up to ₹4.76 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Company Financials
| 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 IPO Prospectus
Company Contact Information
AKM Lace & Embrotex Ltd
IX/6024 Ram Gali,
Subhash Mohalla,
Gandhi Nagar – Delhi – 110031
Phone: +91 – 11 – 4985 6126
Email: akmlace@gmail.com
Website: http://www.akmlace.com
AKM Lace IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/
AKM Lace IPO Lead Manager(s)
- Aryaman Financial Services Limited (Past IPO Performance)
