AKG Exim Limited IPO

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AKG Exim Limited IPO

(i) AKG Exim Limited was originally incorporated on 26th July 2005 at New Delhi Akg Exim Limited is a diversified & leading merchant trading company in a vast range of products & commodities with quality management system conforming to ISO 9001:2008.

(ii) The 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. The Company connects the seller and the markets, while ensuring lasting prosperity and sustainable supply at both ends. The Company is catering to a large number of customers around the globe with a concentration on Indian and overseas subcontinent. With a steady expansion in the global market, company is consistently aiming to achieve its mission of providing world class customer services.

(iii) Metal Scrap etc. is being imported from USA & West African Countries and sold in Far East Countries in Domestic markets; and Non-Basmati Rice is being purchased in the domestic Market and Exported in markets of African Countries. 100% of Non-Basmati Rice is being exported by the Company.

(iv) The Company is accredited with Federation of Indian Export Organisations Certificate (FIEO) and has been designated for the Agricultural and Processed Food Products Export Development Authority Certificate (APEDA) and also registered with Food Safety and Standards Authority of India under License under Food Safety and Standards Act, 2006 as an Importer.

 

AKG Exim Limited IPO Stock Quote & Charts

32.10

0.00%

  • Open: 32.10
  • High - Low: 32.10 - 32.10
  • Previous Close: 32.10
  • Total Traded Volume: 8000
  • Updated On: 11-Dec-2018

Objects of the AKG Exim Limited IPO:

Objective of AKG Exim Limited IPO are: 1. To part finance working capital requirements of the Company 2. To meet General corporate purposes 3. To meet the expenses of the Issue

AKG Exim Limited IPO Details:

Open Date: Sep 10 2018
Close Date: Sep 14 2018
Total Shares: 1,780,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 5.52 Cr.
Lot Size: 4000 Shares
Issue Price: ₹ 31 Per Equity Share
Listing At: NSE Emerge
Listing Date: Sep 25 2018

Promoters And Management:

Promoters of AKG Exim Limited IPO Company are: Mr. Rajeev Goel , aged 43 years, is Promoter and Managing Director of the Company. He is Bachelor of Technology (Electical) from Delhi University and Diploma Course in Electrical Engineering. He is having more than 20 years of Experience in the field of commodity, Metal scrap business, Sales & Marketing and Client Retention. He looks after day-to-day routine operational activities of our Company and formulation of business policies, strategies etc. He guides company in its growth strategies. He has been on the board of Company since July, 2005.

Financials of AKG Exim Limited IPO:

Particulars For the year/period ended (in Rs Lacs)
31-Nov-2017 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 5,999.48 6,058.46 5,650.17 3,509.23 4,159.25
Total Revenue 8,197.89 10,555.24 9,859.04 7,482.38 7,044.84
Profit After Tax 62.79 48.86 41.16 40.71 53.82

Recommendation on AKG Exim Limited IPO:

Review and Recommendation of AKG Exim Limited IPO from IZ Team is: 2/10.  

Lead Manager of AKG Exim Limited IPO:

  1. Navigant Corporate Advisors Limited

Registrar of AKG Exim Limited IPO:

  1. MAS Services limted

Company Address:

AKG Exim Limited 408-411, Pearls Corporate, Mangalam Place, Sector - 3, Rohini, Behind Kali Mata Temple, Delhi 110085 Phone No. +91-11-40015500 Fax No. +91-11-40015518 Email: info@akg-global.com Website: www.akg-global.com

Bid Details of AKG Exim Limited IPO as on
14-Sep-2018 17:00:00 IST

Category No.of shares offered No. of shares bid
844,000 1,676,000
844,000 312,000
92,000 92,000
1,780,000 2,080,000
QIBs No
QIBs+HNIs Subscription 1.99X
Retail Subscription 0.37X
Total Subscription 1.18X

Discussion on AKG Exim Limited IPO:

    (i) The company has one group company named M/S. APPLE OVERSEAS PTE LIMITED incorporated in the year 2008 under the law of Singapore.

    (ii) Mr. Rajeev Goel and Mr. Permanand Agarwal are the Directors and Shareholders of the Company.

    (iii) The M/S. APPLE OVERSEAS PTE LIMITED Company is dealing in the business of trading of Commodity and Metal Scrap etc similar to AKG Exim Limited.

    Interesting Fact:
    Out of total 104 Cr good sold by AKG Exim in FY17, the Apple Overseas Pte Limited has bought 30.17 Cr of that goods. So close to 29% of Revenue is coming from selling the goods to Group company. Moreover, out of 95 Cr of Goods purchased by AKG Exim in FY17, the 23.30 Cr has been purchased from Apple Overseas Pte Limited. So in FY17, 23.30 Cr of Goods have been first purchased from Apple Overseas and then again goods of 19.27 Cr have been sold to them.

    Profit after tax does not entice much in the last 4 years.

    No moat in the business. Any new entrant can enter the business easily.