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Akme Fintrade (India) IPO

Listed Listed stocks

Akme Fintrade (India) IPO Details

  • 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 /--

About Akme Fintrade (India) Company

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 indepth analysis about ipo

Subscription Status

  • Category

    Status

  • QIBs

    28.1x

  • NIIs

    129.5x

  • Retail

    43.6x

  • Others

    --

  • Total

    53.9x

Akme Fintrade (India) Financials

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FAQs for Akme Fintrade (India) IPO.

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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