By: Value Research
Published 18 June 2024
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.
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
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)
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?
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