AKG EXIM IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Nov 15, 2022AKG EXIM Limited is a diversified & leading merchant trading company in vast range of products & commodities with quality management system confirming to ISO 9001:2008. The Company is a global merchandiser, distributor of variety of products including Metal Scrap, Aluminium scrap, Iron Scrap, Spices and Dry Fruits, Non-Basmati Rice, etc. Let’s have a detailed review of the company and analytics of the AKG EXIM IPO release date, IPO offer price, subscription, AKG EXIM IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is Rs 31. Check the Live Share Price here AKG Exim Share Price
- To track the performance of this IPO, click on this link – IPO Performance
AKG EXIM IPO Review & Ratings
| AKG EXIM IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.2/10 |
| Industry Ranking | 6.4/10 |
| Company Background | 6.0/10 |
| Company Reputation | 6.3/10 |
| Competitive Edge | 6.5/10 |
| Financial Statements | 6.2/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.4/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of AKG EXIM IPO
AKG Exim Limited is a diversified & leading merchant trading company in vast range of products & commodities with quality management system. 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.Company has a Initial Public issue of 17, 80,000 Equity Shares of face value of Rs.10.00 each of our Company for cash at a price of Rs. 31.00 per Equity Share (including a share premium of Rs. 21.00 per Equity Share) aggregating to Rs. 551.80 lacs.
From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements:
- total revenues from operations have increased from Rs. 7468.05 Lakhs in F.Y. 2014-2015 to Rs. 9859.04 Lakhs in F.Y. 2015-16 and further to Rs. 10489. Lacs in F.Y. 2016-17, showing an increase of 32.01% and 6.40%.
- EBITDA has shown growth from Rs. 228.55 lakhs to Rs.245.54 lakhs in last five years, representing a CAGR of 6.91%
- Company’s Net Profit after tax for the above mentioned periods are Rs. 40.71 Lakhs, Rs. 41.16 Lakhs and Rs. 48.86 Lakhs, respectively, showing an increase of 1.11% and 18.71%.
The Promoter of this company is Mr. Rajeev Goel, Mr. Sanjeev Goel. The lead manager to the issue is NAVIGANT CORPORATE ADVISORS LIMITED and the Registrar to this issue is MAS SERVICES LIMITED.
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AKG EXIM IPO Date
The opening and the closing date is not yet known.
AKG EXIM IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
AKG EXIM IPO Allotment Status
The details of allotment of shares made by the company to the public will be updated herein once the company is through with the allotment process.
AKG EXIM IPO Issue Size
Issue of 17, 80,000 Equity Shares having face value of Rs. 10.00 each.
AKG EXIM IPO Equity Share Offer
Issue of 17,80,000 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 31.00 per Equity Share (including a share premium of Rs. 21.00 per Equity share) aggregating Rs. 551.80 lacs.
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AKG EXIM Limited – Company Overview
The Company was originally incorporated at New Delhi as “AKG Exim Private Limited” on 26th July, 2005 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Asst. Registrar of Companies, NCT of Delhi & Haryana. Consequent upon the conversion of The Company to public limited company, the name of The Company was changed to “AKG Exim Limited” vide fresh certificate of incorporation dated 17th January, 2018 issued by the Registrar of Companies, Delhi.
Competitive Strengths of AKG EXIM Limited:
This company has entered in diversified range of products on the basis of demand and supply in the market. With the government’s thrust on electrification and infrastructural developments, the company has also continuously increased the production capacity.
- Wide range of Products and hygienic
- Experienced Promoters and a well-trained employee base.
- Strong financial position
- Improving functional efficiency
- Established brand and image
- Scable Business Model
Business strategies of AKG EXIM Limited:
- Augment The working capital base in order to better utilize The installed capacities
- Broaden The marketing base
- Improve The manufacturing facilities by delivering cost effective products
- Focus on consistently meeting quality standards
- Optimal Utilization Incentives
AKG EXIM Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 6,058.46 | 5,650.17 | 3,509.23 | 3,100.16 | 4,159.25 |
| Total Revenue | 10,555.24 | 9,859.04 | 7,482.38 | 7,044.84 | 10,825.95 |
| Total Expense | 10,309.70 | 9,613.95 | 7,294.66 | 6,855.04 | 10,597.40 |
| Profit After Tax | 70.74 | 60.71 | 58.96 | 78.26 | 99.64 |
Earnings per Equity Share (in Lakh)
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |
| Basic | 2.04 | 1.72 | 1.70 |
| Diluted | 2.04 | 1.72 | 1.70 |
From the above statements, one could find that the AKG EXIM Limited may perform well.
AKG EXIM IPO – Promoters
Promoter of the Company is Mr. Rajeev Goel and Mr. Sanjeev Goel.
Interest in promotion of the Companymi
The Managing Director, Mr. Naresh Kumar Agarwal and Mr. Hanuman Prasad Agarwal may be deemed to be interested to the extent of being Promoter of the company. He may also be deemed to be interested to the extent of any dividend payable to
him and other distributions in respect of the Equity Shares held by them.
The Directors may be deemed to be interested to the extent of remuneration paid to them for services rendered as a Director of the Company and reimbursement of expenses payable to them. The Directors may also be interested to the extent of Equity Shares, if any, held by them or held by the entities in which they are associated as promoters, directors, partners, proprietors or trustees or held by their relatives or that may be subscribed by or allotted to the companies, firms, ventures, trusts in which they are interested as promoters, directors, partners,
proprietors, members or trustees, pursuant to the Issue.
Property Interest
The Directors have not entered into any contract, agreement or arrangements within a period of two years preceding the date of this draft Prospectus in which the Directors are interested directly or indirectly and no payments have been made to them in respect of these contracts, agreements or arrangements or are proposed to be made to them.
AKG EXIM IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Issue of Equity Shares by the Company | Issue of 17, 80,000 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 31.00 per Equity Share (including a share premium of Rs. 21.00 per Equity share) aggregating Rs. 551.80 lacs. |
| Of which: | |
| Market Maker Reservation Portion | Portion 92,000 Equity Shares of face value of Rs. 10 each fully paid of the Company for cash at price of Rs. 31.00 /- per Equity Share aggregating Rs. 28.52 lacs. |
| Net Issue to the Public | 16,88,000 Equity Shares of face value of Rs.10 each fully paid of the Company for cash at price of Rs. 31.00 per Equity Share aggregating Rs. 523.28 lacs |
| Of which: | |
| Retail Investors Portion up to 2 Lakh | Not less than 8, 44,000 Equity Shares of face value of Rs.10 each fully paid of the Company for cash at price of Rs. 31.00 per Equity Share aggregating Rs. 261.64 lacs will be available for allocation to investors up to Rs. 2.00 Lacs. |
| Non-Retail Investors Portion Above 2 Lakh | Up to 8,44,000 Equity Shares of face value of Rs.10 each fully paid of the Company for cash at price of Rs. 31.00 per Equity Share aggregating Rs. 261.64 lac will be available for allocation to investors above Rs. 2.00 Lacs |
| Equity Shares outstanding prior to the Issue | 48,40,120 Equity Shares of face value of Rs.10 each |
| Equity Shares outstanding after the Issue | 66,20,120 Equity Shares of face value of Rs. 10 each |
AKG EXIM IPO Issue Object
These are the IPO Issue Objects of the company
- To part finance working capital requirements of the Company
- To meet general Corporate Purpose
- To meet issue Expenses
AKG EXIM IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors
- Wide range of Products and hygienic
- Experienced Promoters and a well-trained employee base.
- Strong financial position
- Improving functional efficiency
- Established brand and image
- Scable Business Model
The relevant quantitative factors are:
- Basic and Diluted EPS-
| Basic & Diluted EPS | RONW (%) | |
| 31-Mar-15 | 1.70 | 4.00% |
| 31-Mar-16 | 1.72 | 3.88% |
| 31-Mar-17 | 2.04 | 4.40% |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | 164.88 |
| Highest | 321.76 |
| Lowest | 7.99 |
- Comparison of Accounting Ratios with Peer Group Companies:
| Name of the Company | Face Value | P/E | EPS (Rs.) | RoNW % | NAV per Share (Rs.) |
| Svaraj Trading and Agencies Limited (On standalone basis) | 10 | 316.69 | 0.62 | 6.39 | 11.20 |
| AuSom Enterprises Ltd.(On standalone basis) | 10 | 17.53 | 4.00 | 8.20% | 19.77 |
| AKG EXIM Limited1 | 10 | 15.20 | 2.04 | 4.40% | 46.36 |
| AKG EXIM Limited2 | 10 | 11.97 | 2.59 | 5.36% | 48.43 |
AKG EXIM IPO Lead Managers
| Lead Managers |
| NAVIGANT CORPORATE ADVISORS LIMITED
423, A Wing, Bonanza, Sahar Plaza Complex, J B Nagar, Andheri Kurla Road, Andheri East, Mumbai-400 059 Tel No. +91-22-41204837/49735078 Email Id- navigant@navigantcorp.com Investor Grievance Email:info@navigantcorp.com Website:www.navigantcorp.com SEBI Registration Number: INM000012243 Contact Person: Mr. Sarthak Vijlani |
AKG EXIM IPO Registrar to offer
| Registrar to the Offer |
| MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area Phase – II, New Delhi – 110020 Tel No.: +91-11-26387281/82/83 Fax No.: +91-11-26387384 Website: www.masserv.com E-mail ID: info@masserv.com Contact Person: Mr. Sharwan Mangla SEBI Registration No: INR000000049 |
Other Details:
- Legal Counsel to the Issue – LAW AND LEGAL JURISTS
- Statutory Auditor – M/S. SHARMA SHARMA & CO.
- Peer Review Auditor M/S. RAMANAND & ASSOCIATES,
- Bankers to the Company – State Bank of India , HDFC Bank ,ICICI Bank.
AKG EXIM Limited IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
AKG EXIM IPO Grey Market Premium
The AKG EXIM Limited IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
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AKG EXIM IPO News
News 1 – IPO ISSUE OPENS (Download Prospectus)
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