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Open
20 Sep 2017
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Close
22 Sep 2017
3
Allotment
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Listing
Fri, Sep 29, 2017
Price Band
₹25 per share
Issue Size
19,02,000 shares (agg. up to ₹5 Cr)
Lot Size
6,000 Shares
Listing Date
Fri, Sep 29, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.07x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|
| Assets | 9.16 | 3.33 | 2.71 |
| Total Income | 11.31 | 1.02 | 0.86 |
| Profit After Tax | 0.14 | 0.01 | 0.00 |
| NET Worth | 3.07 | 2.71 | 2.71 |
| Reserves and Surplus | 1.96 | 2.62 | 2.61 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Pashupati Cotspin Ltd. | SME | ₹20.88 Cr | ₹75 | null | ₹75.00 | +0.00% | ₹87.22 (-1.34%) |
| Globe Textiles (India) Ltd. | SME | ₹13.71 Cr | ₹51 | null | ₹50.15 | -1.67% | ₹2.14 (-0.47%) |
| Laxmi Cotspin Ltd. | SME | ₹9.60 Cr | ₹20 | null | ₹19.90 | -0.50% | ₹14.90 (+1.71%) |
| Manomay Tex India Ltd. | SME | ₹11.41 Cr | ₹30 | null | ₹31.95 | +6.50% | ₹196.27 (+2.98%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 3.93 |
| 2 | General Corporate Purposes | 0.41 |
About AKM Lace IPO
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.+ Read More
Contact Details
AKM Lace & Embrotex Ltd. AddressIX/6024 Ram GaliSubhash MohallaGandhi NagarDelhi, New Delhi, 110031+91 - 11 - 4985 6126akmlace@gmail.comVisit Website