Akme Fintrade IPO: Quick review and analysis

By: Value Research

Published 18 June 2024

About the company

Akme Fintrade is an NBFC that primarily offers vehicle and small business loans to rural and semi-urban borrowers across Rajasthan, Maharashtra, MP and Gujarat. 

IPO details

Total IPO size (Rs cr) 132 Offer for sale (Rs cr) - Fresh issue (Rs cr) 132 Price band (Rs) 114-120 Subscription dates June 19-21, 2024 Purpose of issue To augment its capital base 

Post IPO

512   Net worth (Rs cr) 349   Promoter holding (%) 41.6   Price-to-earnings ratio (P/E) 32.4   Price-to-book ratio (P/B) 1.5M-cap (Rs cr)

Read a more detailed analysis

Is the IPO priced reasonably? Are its loan books healthy? Can it scale up? What’s the management’s record? What do key ratios reveal?

Click below for full analysis.