AKI India Limited IPO

AKI India Limited

Issue Open

Sep 28, 2018

Price Band

₹ 11

Issue Size

₹ 3.08 Cr

Credit of Shares to Demat

-

Issue Close

Oct 03, 2018

Bid Lot

10000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

10000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 12, 2018

Refunds

-

About the company:

AKI India Limited is an ISO 9001:2008 certified company involved in manufacturing and exporting of Saddlery goods, leather goods and leather chemicals across India. It has developed in-house knowledge, skilled workforce and offers the wide range of products that suites according to its client requirements.

Date of incorporation: The company was incorporated as ‘AKI Leather Industries Private Limited’ on 16th May 1994 at Kanpur, Uttar Pradesh. It was subsequently converted into public limited company reformed to ‘AKI India Limited’ on 29th May 2017.

Promoters of AKI India Limited: Mr Asad Kamal Iraqi and Mr Anwar Kamal Iraqi are the promoters of AKI India Limited.

Products and Services Offering: The company has diversified products and services that include:

  • - Saddlery Division: Bridles, Browbands, Chaps & Gaitors, Reins, Rugs and Saddle Girth among others.

  • - Footwear Division: Countryside Footwear, Formal, Marine, Outdoor and Casual Shoes among others.

  • - Tannery Division: Bag Leather, Belt Leather, Footwear Leather and Harness Leather among others.

  • - Chemical Division: Leather Chemicals.

Customer Segments: The company carters domestic clients across India. Some of its clientele includes News Srl, Gruppo Mastrotto S.P.A, Goodwill Tannery, Saba Export, Rizzi Pellami Spa and Shalimar Leather Industries among others.

Objects of AKI India Limited IPO: The core objectives of AKI India Limited IPO are-

  • - To Finance Working Capital Requirements.

  • - To Meet the Issue Expenses.

  • - To Meet General Corporate Expenses.

Company Financials:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Lakhs)


31-Mar-18

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

Total Assets

3,686.46

4,004.96

3,968.67

3,803.53

2,744.98

Total Revenue

4,912.56

4,345.24

4,236.85

3,501.34

1,821.75

Profit After Tax

110.71

10.56

16.65

-108.07

1.95

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