AKM Lace & Embrotex Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

20 Sep 2017

Close Date

22 Sep 2017

Allotment

28 Sep 2017

Listing Date

29 Sep 2017

Exchange

BSE SME

Price Band

₹25

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹25

Per share

Face Value

₹10 per share

Lot Size

6,000 Shares

per lot

Issue Size

19,02,000 shares (aggregating up to ₹4.76 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹150,000

1 lot

Pre-IPO Holding

11,10,175 shares

Promoters

Post-IPO Holding

30,12,175 shares

Promoters

UPI Deadline

2017-09-22

Mandate

Anchor AllotmentTue, 19 Sep 2017

Basis of AllotmentThu, 28 Sep 2017

Refund InitiationFri, 29 Sep 2017

Demat CreditFri, 29 Sep 2017

Listing DayFri, 29 Sep 2017

UPI Mandate Deadline2017-09-22

Sale TypeFresh Capital

Net Offer to Public18,00,000 shares (aggregating up to ₹4.50 Cr)

Market Maker Quota1,02,000 shares (aggregating up to ₹0.2550 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

AKM Lace & Embrotex Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 22 Sep 2017.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	102,000	—	₹0.26
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,902,000	100%	₹4.76

IPO Shares Offered

AKM Lace & Embrotex Ltd. IPO total issue size: ₹4.76 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	102,000	₹0.26	5.36%
Total	1,902,000	₹4.76	100.00%

* Based on upper price band ₹25 per share

Lot Size & Investment

Lot Size

6,000

Shares per Lot

Issue Price

₹25.00

Upper Band

Min Investment

₹150,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	12,000	₹300,000
Retail (Max — 13 Lots)	13	78,000	₹1,950,000
S-HNI (Min — 14 Lots)	14	84,000	₹2,100,000
B-HNI (Min — 68 Lots)	68	408,000	₹10,200,000

* Issue Price ₹25 × Lot Size 6,000 shares

IPO Schedule

Anchor

19 Sep 2017

✓ Done

IPO Open

20 Sep 2017

✓ Done

IPO Close

22 Sep 2017

✓ Done

Allotment

28 Sep 2017

✓ Done

Refunds

29 Sep 2017

✓ Done

Demat Credit

29 Sep 2017

✓ Done

Listing Day

29 Sep 2017

✓ Done

₹25.00

INR · BSE

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Issue ₹25.00 Live Price

About AKM Lace & Embrotex Ltd.

Incorporated in 2009, AKM Lace & Embrotex Ltd (AKM) is engaged in the business of manufacturing and trading of all types of embrotex goods, laces, fabrics, clothing, wearing apparel for personal, commericial and industrial use.AKM’s sale model is divided into two parts, i.e. sale of traded goods which comprises of cotton fabrics, grey cloth, etc and sale of manufactured/processed goods, which comprises of knitted fabrics primarily lace based. For the year ended March 31, 2017 they traded and manufactured goods constituted 73.08% and 26.92% respectively of the total revenue from operations. Company’s products are mostly used in the manufacture of apparels such as sarees, shirtings, suitings, and upholstery such as curtains among others. Company purchases the traded goods from the local suppliers and manufacturers and sells the same to small scale traders.

Objects of the Issue

Working Capital Requirement

General Corporate Purposes

AKM Lace & Embrotex Ltd. Financials (Amount in Rs Cr)

Revenue from Operations

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Profit After Tax (PAT)

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Particulars	FY 2024-25	FY 2023-24	FY 2022-23
Revenue from Operations	N/A	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	N/A	N/A	N/A
Net Worth	N/A	N/A	N/A
Total Assets	N/A	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Financial data will be published once DRHP/RHP is filed with SEBI.

Issue Structure & Shareholding

Total Shares Offered19,02,000 (100.00%)

Net Offer to Public18,00,000 shares (aggregating up to ₹4.50 Cr)

Reserved for Market Maker1,02,000 shares (aggregating up to ₹0.2550 Cr)

Pre-Issue Promoter Holding11,10,175 shares

Post-Issue Promoter Holding30,12,175 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

virenr@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Aryaman Financial Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much AKM Lace & Embrotex Ltd. IPO subscribed? ▲

AKM Lace & Embrotex Ltd. IPO is subscribed 1.00 times by Sep 22, 2017. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is AKM Lace & Embrotex Ltd. IPO retail subscription status? ▼

The AKM Lace & Embrotex Ltd. IPO retail category is subscribed 1.00 times as of 22 Sep 2017. The retail portion is oversubscribed.

How to subscribe AKM Lace & Embrotex Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 20 Sep 2017 and closes 22 Sep 2017. Min investment: ₹150,000 (1 lot = 6,000 shares). UPI mandate: 2017-09-22.

How many times AKM Lace & Embrotex Ltd. IPO subscribed? ▼

The AKM Lace & Embrotex Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check AKM Lace & Embrotex Ltd. IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 28 Sep 2017. Refunds: on 29 Sep 2017.

When AKM Lace & Embrotex Ltd. IPO will be listed? ▼

The AKM Lace & Embrotex Ltd. IPO listing date is 29 Sep 2017, Friday. Listed on: BSE SME. Issue price: ₹25. Estimated listing: ₹25. GMP: NIL.

When AKM Lace & Embrotex Ltd. IPO close? ▼

The AKM Lace & Embrotex Ltd. IPO closes on 22 Sep 2017, Friday. UPI mandate: 2017-09-22. Allotment: 28 Sep 2017. Listing: 29 Sep 2017.

Quick Actions

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Live Price LIVE

Last Price₹25.00

Change—

Issue Price₹25.00

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Quick Summary

StatusListed

Issue Price₹25

Face Value₹10

Lot Size6,000 Sh

Min. Amount₹150,000

GMPNIL

Est. Listing₹25

Subscribed1.00x

Open Date20 Sep 2017

Close Date22 Sep 2017

Allotment28 Sep 2017

Listing Date29 Sep 2017

ExchangeBSE SME

UPI Deadline2017-09-22