Skip to main content
MainBoardListed
Akme Fintrade India Limited Logo

Akme Fintrade India Limited IPO

Akme Fintrade India Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 127.00 (+5.83%)

The public market debut of Akme Fintrade India Limited's was completed on 26-06-2024 with its listing on the NSE, BSE exchange. The IPO process raised 1,10,00,000 Shares in total capital, consisting of 1,10,00,000 Shares in new equity.

The offering featured a price range of ₹114 to ₹120 and minimum application size of 125 shares. Investor response during the subscription period from 19-06-2024 to 21-06-2024 influenced the final allotment ratios across investor categories.

Final allotment was announced on 24-06-2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.

Akme Fintrade IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Akme Fintrade IPO Key Performance Indicator
Company Financials ( In Crores )

Akme Fintrade IPO About Company

Akme Fintrade India Ltd is a non-banking financial company (NBFC) established in 1996, with over 20 years of experience in offering customized loans to people in rural and semi-urban areas of India. The company mainly provides Vehicle Finance and Business Finance solutions, especially for small business owners. Akme Fintrade operates in Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat, with its head office in Udaipur, Rajasthan, and corporate office in Mumbai, Maharashtra. It has 12 branches and over 25 service points, offering both physical and digital services, and has served more than 2 lakh customers so far. The company provides loans for purchasing new two-wheelers and three-wheelers like scooters, bikes, and auto rickshaws, supporting both salaried individuals and self-employed people. As of December 31, 2023, Akme Fintrade employs 125 permanent staff members and prioritizes their overall well-being.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Akme Fintrade IPO Strength Factors

  1. Strong Presence in Rural Areas: Akme Fintrade India Ltd has a solid history of serving rural and semi-urban areas, offering financial solutions that meet the unique needs of these communities.
  2. Trusted Lending Services: The company provides vehicle loans and small business loans, helping small business owners and individuals meet their financial goals.
  3. Experienced Leadership with Customer Focus: Led by an experienced management team, the company prioritizes customer needs by offering personalized financial solutions and building long-lasting customer relationships.

Akme Fintrade IPO Risk Factors

  1. Falling Revenue: The company's income went down in 2022, and if this trend continues, it could slow down future growth and overall performance.
  2. High Bad Loans: Akme Fintrade India Ltd has more bad loans (NPAs) compared to some of its competitors. If the company can't manage or recover these loans, it could hurt its financial health and business operations.
  3. Regulatory Issues: The company has faced issues in following RBI rules in the past. Any future non-compliance could result in fines, restrictions, or harm its reputation, which may impact its business and market position.

Akme Fintrade IPO Lead Manager(s)

  • Gretex Corporate Services Limited

Akme Fintrade IPO Promoter(s)

  1. Nirmal Kumar Jain
  2. Manju Devi Jain
  3. Dipesh Jain
  4. Nirmal Kumar Jain HUF

Akme Fintrade IPO Company Details

Akme Fintrade India Limited
Phone:
address:

Akme Fintrade IPO Registrar

Bigshare Services Private Limited
Name:
Phone:

Akme Fintrade IPO FAQs