Akme Fintrade India Limited
Mainboard₹15,000 / 125 Shares
Akme Fintrade India Limited IPO Details
The Akme Fintrade India Limited IPO price band is set between ₹114-120 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 19 Jun, 2024 and closes on 21 Jun, 2024. Investors can check the allotment status on 24 Jun, 2024, while the listing date is tentatively scheduled for 26 Jun, 2024.
The total issue size is 11,000,000 shares, aggregating up to ₹132.00 Cr. Stay tuned for the latest Akme Fintrade India Limited IPO review and GMP updates.
Akme Fintrade India Limited IPO Review, Rating & Analysis
Akme Fintrade India Limited IPO Review
NO REVIEWAkme Fintrade India Limited IPO Rating
Akme Fintrade India Limited IPO Highlights
IPO Date
Jun 19, 2024 - Jun 21, 2024
Listing Date
26 Jun, 2024
Face Value
₹10 Per Equity Share
Price Band
₹114-120 per equity share
Lot Size
125 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Akme Fintrade India Limited IPO Lot Size
The minimum market lot for Akme Fintrade India Limited IPO is 125 shares with an application amount of ₹15,000. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1625 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1750 | ₹2,10,000 |
| S-HNI (Max) | 66 | 8250 | ₹9,90,000 |
| B-HNI (Min) | 67 | 8375 | ₹10,05,000 |
Akme Fintrade India Limited IPO Timeline
Issue Price
₹114-120 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdLead Manager
Gretex Corporate Services LimitedIssue Size
11,000,000 shares(aggregating up to ₹132.00 Cr)Akme Fintrade India Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 390.50 | 69.57 | 15.80 | 204.78 | 173.11 | 177.76 |
| 31 Mar 22 | 374.01 | 67.50 | 4.12 | 136.84 | 115.03 | 230.06 |
| 31 Mar 21 | 455.40 | 86.79 | 16.31 | 130.26 | 108.45 | 317.82 |
All values are in ₹ Cr.
Akme Fintrade India Limited IPO Valuations
EPS Pre IPO
₹3.87/-EPS Post IPO
₹/-PE Pre IPO
-PE Post IPO
-ROE
5.64%ROCE
%Debt Equity
2.49RoNW
5.81%PAT Margin
22.93Price to Book Value
-Promoters & Share Holding
Promoter(s) Name
- Nirmal Kumar Jain
- Manju Devi Jain
- Dipesh Jain
- Nirmal Kumar Jain HUF
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 56.01% | N/A% |
About 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 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 |
Company Contact Details
Akme Fintrade India Limited
AKME Business Centre (ABC),4-5 Subcity Centre, Savina Circle opp, Krishi Upaz Mandi Udaipur,- 313002Registrar Contact Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Frequently Asked Questions about Akme Fintrade India Limited IPO
When will Akme Fintrade India Limited IPO open for subscription?
The Akme Fintrade India Limited IPO opens on 19 Jun, 2024 and closes on 21 Jun, 2024.
What is the investors portion for Akme Fintrade India Limited IPO?
The investors' portion for QIB is 28.12 x, NII is 121.56 x, and Retail is 42.98 x.
How to apply for Akme Fintrade India Limited IPO?
You can apply for Akme Fintrade India Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Akme Fintrade India Limited IPO?
The issue size of Akme Fintrade India Limited IPO is approx ₹11,000,000 shares(aggregating up to ₹132.00 Cr) crores.
What is the price band of Akme Fintrade India Limited IPO?
The price band for Akme Fintrade India Limited IPO is ₹114 to ₹120 per equity share.
What is the lot size of Akme Fintrade India Limited IPO?
The minimum bid (lot size) for Akme Fintrade India Limited IPO is N/A shares with an investment of approx ₹15,000 .
What is the allotment date of Akme Fintrade India Limited IPO?
The allotment date for Akme Fintrade India Limited IPO is 24 Jun, 2024.
What is the listing date of Akme Fintrade India Limited IPO?
The listing date for Akme Fintrade India Limited IPO is expected to be 26 Jun, 2024.
What is the GMP of Akme Fintrade India Limited IPO?
The latest Grey Market Premium (GMP) for Akme Fintrade India Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.