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Akme Fintrade IPO
Akme Fintrade India Ltd
₹14,250 /125 sharesMinimum Investment
Akme Fintrade IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 19 Jun ‘24 - 21 Jun ‘24 | ₹14,250 | 125 | ₹114 - ₹120 |
| Issue Size | IPO Doc |
|---|---|
| 132.00Cr | RHP PDF |
Subscription rate
As of 21 Jun'24, 04:00 PM
| Qualified Institutional Buyers | 0.97x |
| Non-Institutional Investor | 80.20x |
| Retail Individual Investor | 30.09x |
| Employees | 3.23x |
| Total | 30.46x |
About Akme Fintrade
Founded in
1996
Managing director
Mr. Nirmal Kumar Jain
Parent organisation
Akme Fintrade India Ltd
Strengths & Financials of Akme Fintrade
Strengths
Risks
Akme Fintrade operates seven branches across four states: Rajasthan, Maharashtra, Gujarat, and Madhya Pradesh. The company has also extended its reach to 24 locations through digital channels and has catered to a total of 2,00,000 customers.
As of December 31, 2023, the company had around 32,771 loans for vehicle finance and MSME loans across a variety of small businesses.
Akme Fintrade has a long history of operations, beginning in 1996. This makes it easy for investors looking to study its past performance and estimate its future potential.
It has a presence in rural and semi-urban markets that have high growth potential. In the years 2021, 2022, and 2023, 60.70%, 61.19%, and 60.22% of its portfolio consisted of businesses in rural areas.
The company has developed a large and diversified mix of lenders, comprising public banks, private banks, foreign funding, and financial institutions. It has also entered into co-lending agreements with financial institutions, enabling them wider access to the credit market in the priority sector.
Akme Fintrade, its promoters, and directors are involved in 149 significant civil lawsuits, with 142 cases initiated by the company amounting to Rs 129.64 crore and 7 cases filed against it for a total of Rs 6.57 crore. Any negative outcome in these cases could significantly impact the company's business.
Akme Fintrade's operations are primarily based in western India, chiefly in Rajasthan. As of December 31, 2023, the company had 12 branches, six of which are located in Rajasthan. Additionally, out of 25 points of sale (POS), 19 are in Rajasthan. Any adverse developments for the company in this concentrated geographical area could negatively impact its business.
Currently, Akme Fintrade's total borrowings stand at Rs 195.19 crore. Failure to service this debt could negatively impact the company's business.
Akme Fintrade relies heavily on its vehicle finance sector. Any adverse developments in this area or in the industries where its borrowers operate could harm the company's business.
Akme Fintrade Financials
*All values are in Rs. Cr
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Application Details of Akme Fintrade IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹114 - 120 | Upto ₹2 Lakh |
| Employee | ₹114 - 120 | Upto ₹2 Lakh |
| High Networth Individual | ₹114 - 120 | ₹2 - 5 Lakh |
For Akme Fintrade IPO, eligible investors can apply as Regular & Employee.