Thursday, February 19, 2015

Akme Star Housing Finance IPO to open on Feb 25th

Akme Star Housing Finance Ltd is entering in the capital markets (through BSE SME) with an initial public offering, IPO of 16,00,000 Equity Shares of Rs 10/- each aggregating Rs. 4.80 Crore. The price for the issue has been fixed at Rs 30 per share.

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.

The issue opens on Feb 25, 2015 and closes for subscription on Mar 05, 2015. The equity shares of the issue are proposed to be listed on the SME Platform of BSE.