Akme Fintrade (India) Ltd
Price Range
₹114 - ₹120
Min. Quantity
125
Closes on
21 June 2024
Min. investment
₹15,000/1,625 Shares
Akme Fintrade (India) Ltd IPO Timeline
Akme Fintrade India Ltd was originally incorporated as Akme Fintrade (India) Private Limited' dated February 5, 1996 by the RoC, Jaipur. Thereafter, Company status converted to a Public Limited Company on January 05, 1997 and its name was changed to Akme Fintrade (India) Limited' vide fresh Certificate of Incorporation dated March 11, 1997.
| Event | Date |
|---|---|
| Akme Fintrade (India) Ltd IPO Opening Date | 19 June 2024 |
| Akme Fintrade (India) Ltd IPO Closing Date | 21 June 2024 |
| Basis of Allotment | 24 June 2024 |
| Initiation of Refunds | 25 June 2024 |
| Credit of Shares to Demat | 25 June 2024 |
| Akme Fintrade (India) Ltd IPO Listing Date | 26 June 2024 |
Akme Fintrade (India) Ltd IPO Details
| Akme Fintrade (India) Ltd IPO Date | 19 June 2024 to 21 June 2024 |
| Akme Fintrade (India) Ltd IPO Face Value | ₹10 per share |
| Akme Fintrade (India) Ltd IPO Price | ₹114 to ₹120 per share |
| Akme Fintrade (India) Ltd IPO Lot Size | 125 |
| Issue Size | Shares of ₹10 (aggregating up to ₹132 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹132 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 20,90,000 of the Net Offer |
| Retail Shares Offered | Not less than 36,57,500 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15,67,500 of the Net Offer |
| Company Promoters | Nirmal Kumar Jain, Manju Devi Jain, Dipesh Jain |
Akme Fintrade (India) Ltd IPO Lot Size
The Akme Fintrade (India) Ltd IPO lot size is 125 shares. A retail-individual investor can apply for up to 13 lots (1,625 shares or ₹1,95,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 125 | ₹15,000 |
| Maximum | 13 | 1,625 | ₹1,95,000 |
- Strengths
- Risks
- Opportunities
- Proven execution capabilities with a strong rural focus.
- Well established Vehicle Finance, small businesses lending business.
- Stable and experienced management team.
- Customer centric approach and deep understanding of target customers.
- Access to Diversified Sources of Capital and Effective Asset Liability Management.
- Robust underwriting process and risk management policies.
- Hub and Spoke business model that improves efficiencies and decreases costs.
Company Financials
Akme Fintrade (India) Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 436.05 | 73.5 | 18.53 |
| 03-2023 | 390.43 | 69.57 | 14.52 |
| 03-2022 | 374.01 | 67.57 | 4.12 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Listing of the Equity Shares on the Stock Exchanges
Akme Fintrade (India) Ltd IPO Promoter Holding
| Pre Issue Share Holding | 36.02% |
| Post Issue Share Holding | 26.74% |
Akme Fintrade (India) Ltd IPO Subscription Status (Bidding Detail)
The Akme Fintrade (India) Ltd IPO is subscribed 55.12 times on 21 June 2024 05:00:00 PM. The public issue subscribed 45.78 times in the retail category, 28.12 times in the QIB category, and 130.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 28.12 | 130.33 | 45.78 | 5.53 | 55.12 |
Akme Fintrade (India) Ltd IPO Prospectus
Akme Fintrade (India) Ltd IPO Listing Date
| Listing Date | 26 June 2024 |
| BSE Script | 544200 |
| NSE Symbol | AFIL |
| Listing In | BSE, NSE |
| ISIN | INE916Y01019 |
| IPO Price | ₹120 |
| Face Value | ₹10 |
Company Contact Information
Akme Business Centre (ABC) 4-5Subcity Centre Savina Circle,Udaipur-313002
Phone: 91-294-2489501-02
Email: cs@aasaanloans.com
Website: www.aasaanloans.com
Akme Fintrade (India) Ltd IPO Registrar
Akme Fintrade (India) Ltd IPO Lead Manager(s)
- Gretex Corporate Services Ltd
FAQ
What is the issue size of Akme Fintrade (India) Ltd IPO?
I have pre-applied for Akme Fintrade (India) Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.