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Bidding Date
19-Jun-2024 to
21-Jun-2024
Issue Size
₹132 Cr
Price Band
₹114 to ₹120
Allotment date
24-Jun-2024
Listing date
26-Jun-2024
Lot size
125
No. of shares
1,10,00,000
Fresh issue/OFS
₹132 Cr /--
Akme Fintrade (India) Ltd, incorporated as a non-banking finance company (NBFC) in 1996, is registered with the RBI as a non-systemically important non-deposit taking company. They are primarily engaged in providing rural and semi-urban centric lending solutions, offering a diverse portfolio that includes vehicle finance and business finance products targeted at small business owners. They offer financing for new and used two-wheelers, three-wheelers, and commercial vehicles, including light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). Additionally, They extend secured loans for business purposes to small and medium-sized enterprises (SMEs) and micro, small, and medium enterprises (MSMEs), including traders, manufacturers, and self-employed professionals. To further enhance their service offerings, Akme Fintrade is developing a digital lending platform, aasaanloans.com, which will eventually expand to include loan products for property, commercial vehicle financing, and secured business loans, aiming to provide accessible and efficient financial solutions to a broader audience.
Read our in-depth analysis of the Akme Fintrade (India) Ltd IPO Here 
Category
Status
QIBs
28.1x
NIIs
129.5x
Retail
43.6x
Others
--
Total
53.9x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Sai Parenteral’s | 372 - 392 | 24-Mar-2026 to 27-Mar-2026 |
| Powerica | 375 - 395 | 24-Mar-2026 to 27-Mar-2026 |
| TIPCO Engineering India | 84 - 89 | 23-Mar-2026 to 25-Mar-2026 |
The issue size of Akme Fintrade (India) is ₹132.00 Cr.
Akme Fintrade (India) falls into Non-banking Financial Services industry.
The Akme Fintrade (India) IPO will be listed on both NSE and BSE.
The open and close dates for the Akme Fintrade (India) are 19-Jun-2024 & 21-Jun-2024.
The price band for the Akme Fintrade (India) ipo is ₹114 to ₹120
The listing date of Akme Fintrade (India) IPO is 26-Jun-2024.
The purpose of this IPO is to raise fresh capital.
Akme Fintrade (India) total subscription ratio is 53.9X.
Key financial of the Akme Fintrade (India) are:
| Akme Fintrade (India) | FY-24 | FY-23 | FY-22 | FY-21 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 72.82 | 69.51 | 67.5 | 86.18 |
| EBIT (₹ Cr) | 51.35 | 46.72 | 42.53 | 66.63 |
| Proft after Tax (₹ Cr) | 18.53 | 14.52 | 4.12 | 16.31 |
| Debt (₹ Cr) | 204.78 | 177.76 | 230.06 | 287.86 |
| Net Worth (₹ Cr) | 223.24 | 204.71 | 136.84 | 130.26 |
| RoE (%) | 8.3 | 7.09 | 3.01 | 12.52 |
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