Business description – AKG Exim is a diversified & leading merchant trading company in vast range of products & commodities. The company is a global merchandiser, distributor of variety of products including Non Basmati Rice, Metal Scrap, Aluminium scrap, Iron Scrap, Spices and Dry Fruits, etc. The company connects the seller and the markets, while ensuring lasting prosperity and sustainable supply at both ends. The company is catering to a large number of customers around the globe with concentration on Indian and overseas subcontinent.
Metal Scrap etc. is being imported from USA & West African Countries and sold in Far East Countries & in Domestic markets; and Non Basmati Rice is being purchased in the domestic Market and Exported in markets of African Countries. For export business of Non Basmati, AKG Exim has established relationships with the processors of foodgrains, and supplies the same to processors, wholesalers, food companies, etc. and ensures for them regular and assured supplies to match their requirements.
Promoters of AKG Exim – Mr Rajeev Goel
| AKG Exim IPO details | |
| Subscription Dates | 10 – 14 September 2018 |
| IPO Price band | INR31 per share |
| Fresh issue | 1,780,000 shares (INR5.52 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,780,000 shares (INR5.52 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME platform |
Use of funds
- Working Capital Requirement – INR3.94 crore
- General Corporate Purpose – INR0.90 crore
- Issue Expenses – INR0.68 crore
| AKG Exim’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 8M FY2018 | |
| Total revenue | 108.26 | 70.45 | 74.82 | 98.59 | 105.55 | 81.98 |
| Total expenses | 105.97 | 68.55 | 72.95 | 96.14 | 103.10 | 81.34 |
| Profit after tax | 0.69 | 0.54 | 0.41 | 0.41 | 0.49 | 0.63 |
AKG Exim’s Contact Details
AKG Exim Limited
408-411, Pearls Corporate, Sector – 3
Rohini, Behind Kali Mata Temple
Delhi 110085
Phone: +91 11 40015500
Email: [email protected]
Website: www.akg-global.com
AKG Exim IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.00 |
| Day 2 | 0.21 |
| Day 3 | 0.44 |
| Day 4 | 1.12 |
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AKG Exim Valuation (For latest FY)
Earnings Per Share (EPS): INR2.04
Price/Earnings (P/E) ratio: 15.20
Return on Net Worth (RONW): 4.40%
Net Asset Value (NAV): INR46.36 per share
Registrar of AKG Exim IPO
MAS Services Limited
T-34, 2nd Floor
Okhla Industrial Area, Phase – II
New Delhi – 110020
Phone: +91 11 2638 7281
Fax: +91 11 2638 7384
Email:Â [email protected]
Website:Â http://www.masserv.com
AKG Exim IPO Allotment Status
AKG Exim IPO allotment status is now available on MAS Services’ website. Click on this link to get allotment status.
Listing performance of AKG Exim
IPO Opening Date: 10 September 2018
IPO Closing Date: 14 September 2018
Listing Date: 25 September 2018
Listing Price on NSE SME: INR32.25 per share (up 4.03% from IPO price)
Closing Price on NSE SME: To be updated
