AKM Lace & Embrotex Ltd IPO

Closed

Subscription Details

  • Open Date 20 Sep
  • Close Date 22 Sep
  • Lot Size 6000
  • IPO Size ₹ 4.76 Cr
  • IPO Price Range ₹ 25
  • Min Investment ₹ 150000

AKM Lace & Embrotex Ltd IPO Timeline

Open Date
20 Sep
Close Date
22 Sep
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 19,02,000 equity shares of Rs. 10 each (equity shares) of AKM Lace and Embrotex Limited (AKMLEL Or the company) for cash at a price of Rs. 25 per share (the issue price), aggregating to Rs. 4.76 Crores (the Issue), of which 1,02,000 equity shares of Rs. 10 each will be reserved for subscription by market makers to the Issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 18,00,000 equity shares of Rs. 10 each is hereinafter referred to as the net issue. The issue and the net issue will Constitute 63.14% and 59.76%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 2.50 times of the face value.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of AKM Lace & Embrotex Ltd IPO

Contact Information

Address

IX/6024 Ram Gali,
Subhash Mohalla Gandhi Nagar,
Delhi, Delhi 110031

AKM Lace & Embrotex Ltd IPO Lead Manager

Aryaman Financial Services Ltd
Open Demat Account