Akme Star Housing Finance Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 760,000 (48%) | — | ₹228 Cr |
| Retail | — | 760,000 (48%) | — | ₹228 Cr |
| Market Maker | — | 80,000 (5%) | — | ₹2 Cr |
| Σ Total | — | 1,600,000 (100%) | — | ₹4,800 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹120,000 |
| Retail (Max) | 13 | 52,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 268,000 | ₹8,040,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Augmentation of capital base and meeting fund requirements for increasing operation scales – 4.00
- 2 General Corporate Purposes – 0.35
- 3 Issue Expenses – 0.45
Company Overview
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.