AKI 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: [email protected]
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:Â [email protected]
Website:Â 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)
