IPO Issue Details
Issue Price / Price Band₹30 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size16,00,000 shares (aggregating up to ₹4.80 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 25 Feb 2015
Subscription CloseThu, 05 Mar 2015
Anchor AllotmentTue, 24 Feb 2015
Basis of AllotmentWed, 11 Mar 2015
Initiation of RefundsThu, 12 Mar 2015
Credit of Shares to DematThu, 12 Mar 2015
Listing DateFri, 20 Mar 2015
UPI Mandate Deadline2015-03-05
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 4,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 8,000 shares
Net Offer to Public15,20,000 shares (aggregating up to ₹4.56 Cr)
Reserved for Market Maker80,000 shares (aggregating up to ₹0.2400 Cr)
Pre-IPO Promoter Holding43,34,500 shares
Post-IPO Promoter Holding59,34,500 shares
About Akme Star Housing Finance Ltd.
Incorporated in 2005, Akme Star Housing Finance Ltd is registered with National Housing Bank (NHB) and mainly engaged in the business of housing finance. Company provides home loans finance to weaker sections of the society, group housing societies and NGOs engaged in the welfare of the weaker section which includes housing loans, construction loans, and loan against home properties.Akme Star Housing Finance Limited is a part of AKME Group which is involved in wide varieties of business activities that includes Non Banking Financial Services, Micro finance Activities, Housing Finance (Duly registered with NHB), Real Estate Construction activities and Automobile dealership.Headquarter at Udaipur, Rajasthan, Company offers a variety of home loan products which are designed to cater the dynamic needs of rural and micro-rural borrowers. Their commitment to offer the home loans comprise of products like 'Loan to purchase new housing units', 'Loan to construct new units', 'Loan to purchase plot and construction of units thereon', 'Extension & Renovation Loan' etc.
Objects of the Issue
Akme Star Housing Finance Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Augmentation of capital base and meeting fund requirements for increasing operation scales
4.00
2
2 General Corporate Purposes
0.35
Shareholding & Lock-in
Pre-IPO Promoter Holding
43,34,500 shares
Post-IPO Promoter Holding
59,34,500 shares