Akme Fintrade IPO Details | GMP, Date, Price, Review

Akme Fintrade IPO Aasaan Loans IPO

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Akme Fintrade IPO Details ( Akme Fintrade India Limited IPO Review )

(19 June 2024 – 21 June 2024)

Founded in 1996, Akme Fintrade India Ltd is a non-banking financial company (NBFC) with over 20 years of experience in providing loans to rural and semi-urban areas in India.

Akme Fintrade specializes in offering loans that meet the unique needs of people living in these regions. Their main products include Vehicle Finance and Business Finance for small business owners.

The company operates in rural and semi-urban areas across Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. Their registered office is in Udaipur, Rajasthan, and the corporate office is in Mumbai, Maharashtra. With 12 branches and over 25 service points, both digital and physical, they have served more than 200,000 customers.

Akme Fintrade finances the purchase of new two-wheelers and three-wheelers like scooters, motorcycles, and auto rickshaws for both salaried and self-employed individuals.

As of December 31, 2023, the company employs 125 permanent staff members and is committed to their welfare.

Akme Fintrade India Limited IPO Competitive Strength

  • Proven execution capabilities with a strong rural and semi-urban 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

Aasaan Loans IPO Financials Performance ( Results )

Akme Fintrade India Limited Financial Information (Restated)

All Amount in ₹ Crores

Period EndedTotal AssetsTotal RevenuePATNet WorthReservesBorrowing
31-Mar-21455.4086.7916.31130.26108.45317.82
31-Mar-22374.0167.504.12136.84115.03230.06
31-Mar-23390.5069.5715.80204.78173.11177.76
31-Dec-23417.9653.4512.25217.01185.34195.19

Objective of Aasaan Loans IPO Issue

  • 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 IPO Basic Details

IPO DateJune 19, 2024 to June 21, 2024
Listing DateFriday, June 26, 2024
Face Value₹10 per share
Price₹114 to ₹120 per share
Lot Size125 Shares
Issue Size11,000,000 shares of ₹10
(aggregating up to ₹132.00 Cr)
Fresh Issue11,000,000 shares of ₹10
(aggregating up to ₹132.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Share holding pre issue
Share holding post issue
Company PromotersNirmal Kumar Jain, Manju Devi Jain,
Dipesh Jain and Nirmal Kumar Jain HUF

Akme Fintrade IPO Reservation

QIB Shares Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% of the Net Issue

Aasaan Loans IPO Timetable

Aasaan Loans IPO will open on June 19, 2024 and close on June 21, 2024. You can join Aasaan Loans IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

EventDate
Opening Date19 June 2024 (Wednesday)
Closing Date21 June 2024 (Friday)
Basis of Allotment24 June 2024 (Monday)
Initiation of Refunds25 June 2024 (Tuesday)
Credit of Shares to Demat25 June 2024 (Tuesday)
Listing Date26 June 2024 (Wednesday)
Deadline for UPI mandate confirmation5 PM on 21 June 2024

Aasaan Loans IPO Lot Size

For retail investors in Aasaan Loans IPO, 125 shares will come in 1 lot or the minimum investment will be ₹15,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹195,000.

ApplicationLotsSharesAmount
Retail (Min)1125₹15,000
Retail (Max)131,625₹195,000
S-HNI (Min)141,750₹210,000
S-HNI (Max)668,250₹990,000
B-HNI (Min)678,375₹1,005,000

Aasaan Loans IPO Promoter Holding

The company’s promoters include Nirmal Kumar Jain, Manju Devi Jain, Dipesh Jain and Nirmal Kumar Jain HUF.

Pre Issue Share Holding56.01%
Post Issue Share Holding

Akme Fintrade India Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPIValues
Market Cap (₹ Cr.)
Earning Per Share (EPS)₹5.85 per Equity Share
Net Asset Value (NAV)₹64.65 per Equity Share
P/E Ratio (P/E) (x)
Post P/E Ratio (P/E) (x)
Return on Net Worth (RoNW) (%)5.81
Return on equity (ROE) (%)5.64
Return on Capital Employed (ROCE) (%)
Debt/Equity Ratio2.49
Price/Book Value Ratio

Akme Fintrade IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
Today₹30
13 June 2024₹50

Akme Fintrade IPO Detail Video:

link

Akme Fintrade IPO Subscription Status (Bidding Detail)

The Akme Fintrade IPO on June 21, 2024 at 7:02:00 PM was subscribed 54.49 times, with the retail category being subscribed 44.58 times, the NII (Non-Institutional Investor) category being subscribed 129.98 times, QIB (Qualified-Institutional Buyers) category being subscribed 28.12 times and the Employee category being subscribed 5.42 times.

CategorySubscription
QIB28.12x
NII129.98x
Retail44.58x
Employee5.42x
Total54.49x

Akme Fintrade IPO Prospectus

Akme Fintrade IPO DRHPDownload
Akme Fintrade IPO RHPDownload
Akme Fintrade IPO Anchor Investors Details PDFDownload

Akme Fintrade IPO Rating

Our Rating3.5/5.0

Akme Fintrade Company Contact Information

Akme Fintrade India Limited

Registered Office: AKME Business Centre (ABC), 4-5 Subcity Centre, Savina Circle opp. Krishi Upaz Mandi Udaipur, Rajasthan – 313002, India
Tel: 0294-2489501-02
Contact Person: Manoj Kumar Choubisa, Company Secretary and Compliance Officer
E-mail: cs@aasaanloans.com
Website: www.aasaanloans.com
Corporate Identity Number: U67120RJ1996PLC011509
Our Promoters: Nirmal Kumar Jain, Manju Devi Jain, Dipesh Jain and Nirmal Kumar Jain Huf

Akme Fintrade IPO Registrar

Bigshare Services Private Limited

Registered Office: S62, 6th Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai – 400093, Maharashtra, India
Tel: +91 22 6263 8200
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Babu Raphael C
SEBI Registration Number: INR000001385

Akme Fintrade IPO Lead Manager

Gretex Corporate Services Limited

Registered Office: A-401, Floor 4th, Plot FP-616, (PT), Naman Midtown, Senapati Bapat Marg, Near Indiabulls, Dadar (West), Mumbai – 400013, Maharashtra, India
Tel: +91-22-62280818/9653249863
Email: info@gretexgroup.com
Investor Grievance Email: info@gretexgroup.com
Website: www.gretexcorporate.com
Contact Person: Mr. Alok Harlalka
SEBI Registration No: INM000012177

Akme Fintrade IPO FAQs

What is the lot size of Akme Fintrade IPO?

The total size of Akme Fintrade IPO is ₹132.00 crores and this is a complete fresh Issue.

When will Akme Fintrade IPO start?

Akme Fintrade IPO will open from 19 June 2024 and IPO will close on 21 June 2024.

What is the open date of Akme Fintrade IPO?

Akme Fintrade IPO will open date from 19 June 2024.

What is the last date ( close date ) of Akme Fintrade IPO?

Akme Fintrade IPO will close from 21 June 2024.

What is the price band of Akme Fintrade IPO?

Akme Fintrade IPO price band is ₹114 to ₹120. ( Upper Price Band: ₹120, Lower Price Band: ₹114 )

What is the minimum amount required to apply for Akme Fintrade IPO?

The minimum investment for retailers to apply for Akme Fintrade IPO is ₹15,000 and the maximum investment is ₹195,000.

What is going on gray market premium of Akme Fintrade IPO?

View gray market premium of Akme Fintrade IPO by Clicking Here

How much is the GMP of Akme Fintrade IPO?

Watch Akme Fintrade IPO GMP Today: Click Here

What is the allotment date of Akme Fintrade IPO?

The allotment date of Akme Fintrade IPO is 24 June 2024.

How to check allotment status in Akme Fintrade IPO?

To check the allotment status of Akme Fintrade IPO, first of all go to the registrar website by clicking here, select your bad Akme Fintrade IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Akme Fintrade IPO?

The listing date of Akme Fintrade IPO is 26 June 2024.

How much will be the listing gain in Akme Fintrade IPO?

View listing gain of Akme Fintrade IPO by Clicking Here

How much time Akme Fintrade IPO is subscribed?

Total 54.49 times subscribed in Akme Fintrade IPO out of which 44.58 times subscription was done in retail quota, 129.98 times subscription in NII quota and 28.12 times subscription in QIB quota.

How to apply for Akme Fintrade IPO from Upstox?

Click Here to see how to apply for Akme Fintrade IPO from Upstox. (step by step)

How to apply for Akme Fintrade PO from Zerodha?

Click Here to see how to apply for Akme Fintrade IPO from Zerodha. (step by step)

How to apply for Akme Fintrade IPO from Angle One?

Click Here to see how to apply for Akme Fintrade IPO from Angle One. (step by step)

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