Akme Fintrade India Limited IPO

Mainboard

Non Banking Financial Company (NBFC)

Listed On: Jun 26, 2024 at ₹ 127.0(NSE)

₹ 15000 /125 Shares

Check Allotment

Price Summary

Last Closing

81.80 (-31.83%)

52 Week High

134.00

52 Week Low

80.76

Last Update

22-Nov-2024 3:30 PM

Akme Fintrade India Limited IPO Details

19 Jun, 2024

Open Date

21 Jun, 2024

Close Date

24 Jun, 2024

Allotment Date

26 Jun, 2024

Listing Date

Issue Price

₹114-120 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

List Price

127.0(NSE)

Listing Date

2024-06-26

Market Lot

Retail : 125 Shares (₹15,000/-)
S-HNI : 1,750 Shares (₹2,10,000/-)
B-HNI : 8,375 Shares (₹10,05,000/-)

Lead Manager

Gretex Corporate Services Limited

Issue Size

11,000,000 shares(aggregating up to ₹132.00 Cr)

Retail Portion

35% (Number of Retail Applications: 29,504 Approx),
(Number of S-HNI Applications : 301 Approx),
(Number of B-HNI Applications : 602 Approx)

Subscription

54.57 times

IPO Docs

DRHP RHP ANCHOR

Akme Fintrade India Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	2,090,000	1,567,500 1,045,000 522,500	3,657,500	7,865,000
Day 1 - 19-06-24 05:00 PM	0.02 x	5.15 4.33 x 6.80 x	4.18 x	3.01 x
Day 2 - 20-06-24 05:00 PM	0.17 x	22.22 18.04 x 30.58 x	15.16 x	11.63 x
Day 3 - 21-06-24 05:00 PM	28.12 x	129.17 121.56 x 144.40 x	42.98 x	54.57 x

Total No. of Applications: 12,18,115 (Approx)

Akme Fintrade India Limited Valuations

Earnings Per Share (EPS)

₹N/A/-

P/E Ratio

N/A

RoNW

N/A%

Net Asset Value (NAV) - As on 31.03.22

₹N/A

Akme Fintrade India Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	390.50	374.01	455.40
Revenue	69.57	67.50	86.79
Profit After Tax	15.80	4.12	16.31
Net Worth	204.78	136.84	130.26
Reserves & Surplus	173.11	115.03	108.45
Total Borrowing	177.76	230.06	317.82

About The Company

Akme Fintrade India Ltd is a non-banking financial company (NBFC) with over 20 years of experience in lending to rural and semi-urban areas in India.

The company mainly provides lending solutions tailored to the needs and aspirations of rural and semi-urban populations. Its portfolio comprises Vehicle Finance and Business Finance Products for small business owners.

The company operates in rural and semi-urban areas across four Indian states - Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. It has a registered office in Udaipur, Rajasthan, and a Corporate Office in Mumbai, Maharashtra. With 12 branches and over 25 points of presence, including digital and physical branches, it has served over 200,000 customers.

The company finances the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto rickshaws, for salaried professionals and self-employed non-professionals.

The company has 125 permanent employees as of December 31, 2023, and prioritizes their overall welfare.

Akme Fintrade India Limited - Strength and Weakness

Strength

It’s a stable business with a proven lending model for vehicle and small business financing.

he company has a strong, dedicated, and experienced management team.

AKME Fintrade has a deep understanding and knowledge of the target audience and industry.

Weakness

A pandemic-like situation can affect the company's operational and financial performance.

It’s a capital-intensive business and requires a continuous supply of capital to operate.

Akme Fintrade India Limited - Promoter(s)

Pre Issue Share Holding: 56.01%

Post Issue Share Holding: N/A%

Company Promoter(s)

Nirmal Kumar Jain
Manju Devi Jain
Dipesh Jain
Nirmal Kumar Jain HUF

Akme Fintrade India Limited IPO - Issue Objectives

The company proposes to utilize the Net Proceeds from the Issue towards augmenting the capital base of the company to fulfil its future capital requirements, which are anticipated to arise as a result of the expansion of the business and assets. Further, a portion of the proceeds from the Issue will be used towards meeting Issue-related expenses.

Akme Fintrade India Limited IPO - Anchor Investors

Akme Fintrade collects Rs 38 crore from anchor investors.

The anchor investors who have been allocated shares are 3 Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1 and Vikasa India EIF Fund 1

Other Details

Company Contact Details

Akme Fintrade India Limited

AKME Business Centre (ABC),4-5 Subcity Centre, Savina Circle opp, Krishi Upaz Mandi Udaipur,- 313002

Phone: +91- 294-2489501

Email: cs@aasaanloans.com

Website: https://aasaanloans.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Akme Fintrade India Limited IPO - FAQs

Ans. Akme Fintrade India Limited IPO is a Mainboard IPO. The issue is priced at ₹114-120 per equity share. The minimum order quantity is 125 Shares. The IPO opens on Jun 19, 2024, and closes on Jun 21, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Akme Fintrade India Limited IPO opens on Jun 19, 2024 and closes on Jun 21, 2024.

Ans. The size of Akme Fintrade India Limited IPO is 11,000,000 shares(aggregating up to ₹132.00 Cr).

Ans. The IPO price band is set between ₹114-120 per equity share.

Ans. To apply for Akme Fintrade India Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Akme Fintrade India Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Akme Fintrade India Limited IPO is Jun 24, 2024.

Ans. The Akme Fintrade India Limited IPO will be listed on Jun 26, 2024.

Ans. Follow the steps to check the allotment status for Akme Fintrade India Limited IPO here.