Akme Fintrade (India) Ltd. IPO

Akme Fintrade (India) Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹120

Issue Price

Listing Price

₹126

Listing Price

Listing Gains

+₹5.70 (+4.75%)

Listing Gains

IPO Details

Bidding Dates

19 Jun - 21 Jun '24

Bidding Dates

Min. Investment

₹14,250

Min. Investment

Lot Size

125.00

Lot Size

Price Range

₹114 - ₹120

Price Range

Issue Size

125 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
    45.78x
  • Non-Institutional Investor
    130.33x
  • Qualified Institutional Buyers
    28.12x
  • Employees
    5.53x


About Company

Akme Fintrade India Limited, established in 1996, is a prominent Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India. The company primarily operates in the semi-urban and rural regions of India, providing essential financial services such as vehicle and business finance. Akme Fintrade is present in four Indian states: Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat, with seven branches and over 20 points of presence. The company has successfully catered to over 200,000 customers, demonstrating its robust market presence and operational efficiency. As of September 30, 2022, Akme Fintrade managed assets under management (AUM) worth ₹32,398.52 lakhs and maintained a net worth of ₹15,145.7 lakhs. The company's gross non-performing assets (GNPA) and net non-performing assets (NNPA) stood at 4.87% and 3.84%, respectively, highlighting its prudent risk management practices.

Important Dates - Akme Fintrade IPO Limited IPO

Application opens on 19th June 2024
Last date of application 21st June 2024
Date of Allotment 24th June 2024
Refund begins from 25th June 2024
Credit of shares to Demat 25th June 2024
Listing date 26th June 2024


Akme Fintrade Limited IPO Grey Market Premium

Date GMP
19h June Rs.40
18th June Rs.30
17th May Rs.30

Why should you invest in Akme Fintrade (India) Ltd. IPO?

Investing in Akme Fintrade IPO offers several compelling reasons:

  1. Strong Track Record: With over two decades of operational history, Akme Fintrade has established a proven lending model catering to vehicle and small business finance.
  2. Focused Market Presence: The company operates extensively in semi-urban and rural areas, tapping into a niche market with high growth potential.
  3. Robust Financials: Akme Fintrade's financial performance showcases steady growth in revenue and profitability, backed by a solid asset base and prudent risk management.

 

Akme Fintrade Limited IPO Noteworthy Highlights

  • Established Market Position: Akme Fintrade enjoys a significant presence in the NBFC sector, primarily focusing on rural and semi-urban markets.
  • Diverse Product Portfolio: The company offers a range of financial products, including vehicle finance and business loans, catering to small business owners and self-employed individuals.
  • Experienced Management: Akme Fintrade is led by a seasoned management team with extensive industry experience, ensuring strategic direction and operational excellence.

 

Financial Snapshot - Akme Fintrade Limited IPO

Check out the financial performance of Akme Fintrade for recent years:

Financial Year Total Assets Total Revenues Net Profit
March 2021 Rs 445.40 crore Rs 86.79 crore Rs 16.31 crore
March 2022 Rs 374.01 crore Rs 67.50 crore Rs 4.12 crore
March 2023 Rs 390.50 crore Rs 69.57 crore Rs 15.80 crore


Akme Fintrade (India) Ltd. IPO - SWOT Analysis

Strengths:

  • Proven lending model with a stable business foundation.
  • Strong and experienced management team.
  • Deep understanding of the target market and industry dynamics.

Weaknesses:

  • High dependence on capital for operations.
  • Legal proceedings involving company promoters.
  • Susceptibility to economic downturns and pandemic-like situations.

Opportunities:

  • Expansion into new markets and product lines.
  • Leveraging technology for operational efficiency and customer reach.
  • Growth in demand for financial services in rural and semi-urban areas.

Threats:

  • Regulatory changes impacting the NBFC sector.
  • Increased competition from other financial institutions.
  • Market volatility affecting business performance.



How to apply for Akme Fintrade (India) Ltd. IPO?

You can apply for the Akme Fintrade (India) Ltd. IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an Akme Fintrade (India) Ltd. click here.
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Akme Fintrade (India) Ltd. IPO FAQs

What is the issue size of Akme Fintrade IPO?

The issue size of Akme Fintrade IPO is ₹132 crore, comprising a fresh issue of 1.1 crore equity shares.

What is the price band for Akme Fintrade IPO?

The price band for Akme Fintrade IPO is set at ₹114 to ₹120 per equity share.

When will Akme Fintrade IPO open for subscription?

Akme Fintrade IPO will open for subscription from June 19 to June 21.

Who are the lead managers for Akme Fintrade IPO?

The book-running lead managers for Akme Fintrade IPO are Gretex Corporate Services Limited.

What are the objectives of the IPO proceeds for Akme Fintrade?

The net proceeds from the IPO will be used to augment the capital base, meet future capital requirements, and cover issue-related expenses.

How is Akme Fintrade IPO Grey Market Premium (GMP) determined?

The Grey Market Premium (GMP) is determined by the demand and supply dynamics in the unofficial grey market where shares are traded before official listing.

Where will Akme Fintrade IPO shares be listed?

Akme Fintrade IPO shares will be listed on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

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