Akme Fintrade IPO

Akme Fintrade India Ltd

₹14,250 /125 sharesMinimum Investment

Akme Fintrade IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹120.00₹127.00₹7.00 (5.83%)

Akme Fintrade IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
19 Jun ‘24 - 21 Jun ‘24₹14,250125₹114 - ₹120
Issue SizeIPO Doc
132.00Cr
RHP PDF

Subscription rate

As of 21 Jun'24, 04:00 PM
Qualified Institutional Buyers0.97x
Non-Institutional Investor80.2x
Retail Individual Investor30.09x
Employees3.23x
Total30.46x

About the company

Akme Fintrade India Ltd, a non-banking financial company (NBFC) incorporated in 1996, is into traditional lending, catering to the long- and short-term financing needs of salaried and small business owners in rural and semi-urban areas. Its portfolio comprises mainly vehicle finance and business finance products. The company currently operates across four Indian states - Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. With 9 physical branches and 23 digital points of presence, the company has served over 2,00,000 customers as of the date of filing for the IPO with the Securities and Exchange Board of India (SEBI). Akme is undergoing a digital transformation, and its digital lending platform - www.aasaanloans.com - has been rolled out for user acceptance testing (UAT) to select users seeking two-wheeler loans. ;
Founded in
1996
Managing director
Mr. Nirmal Kumar Jain
Parent organisation
Akme Fintrade India Ltd

Strength and risks

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.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular114 - 120₹2 Lakh
Employee114 - 120₹2 Lakh
High Networth Individual114 - 120₹2 - 5 Lakh
For Akme Fintrade IPO, eligible investors can apply as Regular & Employee.
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