AKG Exim Limited IPO Review (Date, Price, Prospectus)

AKG Exim Limited is engaged in the business of merchant trading of products and commodities. It is mainly Delhi based company. At the end of the article, you will get a proper analytical view of AKG Exim Limited IPO Review. Along with the review, the issue details, company prospectus, date, the price also described here.

About AKG Exim Limited IPO Review Issue Details :

  • IPO Opens on – September 10, 2018.
  • IPO Closes on – September 14, 2018.
  • Issue Price – Rs. 31.00 Per Equity Share.
  • Face Value – Rs.10 per Equity Share.
  • Min Order Quantity – 4000 Shares.
  • Market Lot – 4000 Shares.
  • Issue Size – 17,80,000 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 31.00 per Equity Share. In including a share premium of Rs. 21.00 per Equity share aggregating Rs. 551.80 lacs.
  • Listing Exchange At – NSE SME Exchange.
  • Draft Prospectus – Download.

Objectives of the AKG Exim Limited IPO Review issue of The Company :

  • To part finance working capital requirements of this company.
  • General corporate purposes.
  • The expenses of the Issue.

About The Company –

  • AKG Exim Limited is incorporated in 2005.
  • This company is ISO 9001:2008 certified company.
  • AKG Exim Limited is a global merchandiser, distributor of variety of products including Metal Scrap, Aluminium scrap, Iron Scrap, Spices and Dry Fruits, Non-Basmati Rice, etc.
  • This company is a diversified and leading merchant trading company.
  • AKG Exim Limited has entered in diversified range of products on the basis of demand and supply in the market.
  • This company works towards total consumer satisfaction through their quality policy.
  • AKG Exim Ltd. is leading and trusted exporters of Indian and Thai rice in India.
  • This company Importer of Ferrous and Non-Ferrous Metal Scrap with clientele across the globe.

AKG Exim Limited

Qualitative factors of this company :

  • Wide range of products and hygienic :

  1. This company provide a broad range of products to their customers.
  2. AKG Exim Limited are providing such products like Non Basmati Rice, different types of scrap, Spices, dry
    fruits etc.
  3. This is increases the scope of their customers and their ability to cater to a diversified cliental base.
  • Experienced Promoters and a well trained employee base :

  1. The knowledge and experience of our promoter and management will enables us to identify new opportunities.
  2. This company rapidly respond to market conditions.
  3. Adapt to changes in the business landscape and competitive environment and enhances the growth in the business.
  • Strong financial position :

  1. This company’s strong financial position will provide us with the financial flexibility to fund their growth.
  2. Expansion and respond quickly and competitive on emerging opportunities in the market.
  • Improving functional efficiency :

  1. This company intends to improve operating efficiency to achieve cost reductions to have a competitive edge over the peers.
  2. They believe that this can be done through continuous process improvement, customer services.
  • Established brand and image :

  1. This company is engaged in providing services to their clients and over the years.
  2. AKG Exim Limited have established a reliable brand in India as well as outside India.
  3. The clients of this company trust them for their quality, consistency and continuous performance.
  • Scable Business Model :

  1. The business model of this company is a customer-centric and order driven, and requires optimum utilization of their existing resources, assuring quality supply and achieving consequent economies of scale.
  2. The business scale generation is due to the development of new markets.
  3. Products of this company are exploring customer needs, marketing expertise and maintaining the consistent quality output.

Business strategies of AKG Exim Limited :

  • Increase the working capital base in order.
  • Broaden the marketing base.
  • Improve the manufacturing facilities by delivering cost-effective products.
  • Focus on consistently meeting quality standards.
  • Optimal Utilization Incentives.

Products Under AKG Exim Limited :

  • Indian and Thai Rice –

  1. Non-Basmati Parboiled Rice.

  2. Non-Basmati Raw Rice.

  3. Thai Long Grain Parboiled Rice.

  4. Thai Long Grain Raw Rice.
  • Metal Scrap – Ferrous and Non-Ferrous Scrap –

  1. Non-Ferrous Metal Scrap.

  2. Ferrous Metal Scrap.

Location :

408-411 pearls corporate , manglam palace behind kali mata temple rohini, Sector 3, new delhi, Delhi 110085.

Warehouse:

  • Khasra No. 25/20, which is situated in the area of Village Shahabad Daulatpur, Delhi-110042.
  • Lower Ground Floor G-1149, DSIIDC Narela, New Delhi – 110040.

The promoters of AKG Exim Limited :

  • Mr. Rajeev Goel, aged 43 years, is Promoter and Managing Director of this company.
  • Mr. Sanjeev Goel is the other Promoter of this company.

The Board of Directors of the company :

  • Mr. Rajeev Goel, aged 43 years, is Promoter and Managing Director of this company.
  • Mrs. Mahima Goel, aged 41 years, is Executive Director of this company.
  • Mr. Laxman Singh Yadav, aged 60 years, is Non-Executive Director and Non-Independent Director of this company.
  • Mr. Arun Kumar Goyal, aged 60 years, is Non-Executive Director and Independent Director of this company.
  • Mr. Rakesh Mohan, aged 66 years, is Non-Executive Director and Independent Director of this company.

Company Financials :

AKG Exim Limited IPO Review financial statement

AKG Exim Limited IPO Review :

The above figure is the financial outcome of the last 5 FY. The financial level grows in an abrupt way. The company doesn’t have a good financial track record. Now, move on to the prospectus of the company. The prospectus of the company is termed as the DRHP or draft red herring prospectus. From the DRHP we come to know about the fundamental details of the company. According to the prospectus of the company, basic and diluted EPS or earnings per share stands at 2.04 in the FY17. Price to earnings ratio or P/E ratio is at 15.20 based on the EPS in the year 2017. Return on Net Worth or RoNW is 4..40 as per the last FY. NAV/Share is at 46.36 in the FY17. Therefore, based on the data, AKG Exim Limited IPO Review carries a NEGATIVE view. Therefore, investors are advised not to apply for the IPO. If they do, apply at your own risk.

Ankita has done her Diploma Engineering in Computer Science & Technology. She is pursuing her degree in Engineering and also well experienced in the equity market and real estate related content writing. She is the one who has developed the technical indicators section of our site.



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