The Akme Fintrade India Limited date has been confirmed from June 19, 2024 – June 21, 2024.
Aasaan Loans IPO is a book-built issue of Rs 132.00 crore. The issue is entirely a fresh issue of 1.1 crore shares. The minimum lot size for an application is 125 shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (1,750 shares), amounting to ₹210,000, and for bNII, it is 67 lots (8,375 shares), amounting to ₹1,005,000.
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Key Details Of Akme Fintrade India Limited IPO
Bidding Dates
June 19- 21
Price Range
₹114 to ₹120 per share
Face Value
₹10 per share
GMP
₹48
Akme Fintrade India Limited IPO GMP
The Akme Fintrade India Limited IPO GMP is ₹48.
IPO Overview
The Aasaan Loans IPO opens for subscription on June 19, 2024, and closes on June 21, 2024. The allotment for the Aasaan Loans IPO is expected to be finalized on Monday, June 24, 2024. Aasaan Loans IPO will list on BSE and NSE, with a tentative listing date fixed for Wednesday, June 26, 2024. The Aasaan Loans IPO price band is set at ₹114 to ₹120 per share. The minimum lot size for an application is 125 shares.
Akme Fintrade India Limited IPO Details
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹120 per share |
| Lot Size | 125 Shares |
| Total Issue Size | 11,000,000 shares (aggregating up to ₹132.00 Cr) |
| Fresh Issue | 11,000,000 shares (aggregating up to ₹132.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Akme Fintrade India Limited IPO Timeline
| IPO Open Date | Wednesday, June 19, 2024 |
| IPO Close Date | Friday, June 21, 2024 |
| Basis of Allotment | Monday, June 24, 2024 |
| Initiation of Refunds | Tuesday, June 25, 2024 |
| Credit of Shares to Demat | Tuesday, June 25, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 21, 2024 |
Akme Fintrade India Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 417.96 | 390.50 | 374.01 | 455.40 |
| Revenue | 53.45 | 69.57 | 67.50 | 86.79 |
| Profit After Tax | 12.25 | 15.80 | 4.12 | 16.31 |
| Net Worth | 217.01 | 204.78 | 136.84 | 130.26 |
| Reserves and Surplus | 185.34 | 173.11 | 115.03 | 108.45 |
| Total Borrowing | 195.19 | 177.76 | 230.06 | 317.82 |
| Amount in ₹ Crore | ||||
Akme Fintrade India Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Company Profile
Akme Fintrade India Ltd. was established in 1996 as a non-banking financial company (NBFC). With more than 20 years of experience, it specializes in providing lending solutions to rural and semi-urban areas in India. The company focuses on meeting the specific needs and aspirations of these populations. Its lending portfolio includes vehicle finance and business finance products for small business owners.
Akme Fintrade operates in four Indian states: Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. It has a registered
office in Udaipur, Rajasthan, and a corporate office in Mumbai, Maharashtra. It has a strong presence, with 12 branches and over 25 points of service, both digital and physical. Over the years, the company has successfully served more than 200,000 customers.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Akme Fintrade India Ltd |
| Phone number | +91- 294-2489501 |
| Email ID | [email protected] |
| Website | asaanloans.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Akme Fintrade India Limited IPO FAQs
When Aasaan Loans IPO will open?
The Aasaan Loans IPO opens on June 19, 2024 and closes on June 21, 2024.
What is the lot size of Aasaan Loans IPO?
Aasaan Loans IPO lot size is 125 Shares, and the minimum amount required is ₹15,000.
When is Aasaan Loans IPO listing date?
The Aasaan Loans IPO listing date is not yet announced. The tentative date of Aasaan Loans IPO listing is Wednesday, June 26, 2024.
