Akme Fintrade India Ltd IPO
Akme Fintrade India Ltd IPO bidding starts from June 19, 2024 and ends on June 21, 2024. The allotment for the Akme Fintrade India Ltd IPO is expected to be finalized on June 24, 2024. Akme Fintrade India Ltd IPO will list on BSE, NSE with tentative listing date fixed as June 26, 2024. Akme Fintrade India Ltd IPO price band is set at ₹114 to ₹120 per share. The minimum lot size for an application is 125 Shares. The minimum amount of investment required by retail investors is ₹15,000.
Important Dates:-
Particulars | Value |
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Open Date:- | June 19, 2024 |
Close Date:- | June 21, 2024 |
Allotment Date:- | June 24, 2024 |
Listing Date:- | June 26, 2024 |
About Akme Fintrade India Ltd :-
Incorporated in 1996, Akme Fintrade India Ltd is a seasoned non-banking financial company (NBFC) with over two decades of expertise in providing lending solutions to rural and semi-urban regions of India.
The company specializes in offering financial products designed to meet the unique needs and goals of rural and semi-urban communities. Its diverse portfolio includes Vehicle Finance and Business Finance products tailored for small business owners.
Akme Fintrade operates extensively across four Indian states: Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. It maintains a registered office in Udaipur, Rajasthan, and a corporate office in Mumbai, Maharashtra. With a network of 12 branches and over 25 points of presence, both digital and physical, the company has successfully served more than 200,000 customers.
The company provides financing for the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto rickshaws, catering to both salaried professionals and self-employed individuals.
As of December 31, 2023, Akme Fintrade employs 125 permanent staff members and is committed to ensuring their well-being.
Contact Details :-
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IPO Details :-
Particulars | Value |
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IPO Type:- | 15,000 |
Price:- | ₹114 to ₹120 |
Lot Size:- | 125 |
Minimum Amount for 1 Lot:- | ₹15,000 |
Listing At:- | BSE, NSE |
Total issue of Shares:- | 1,10,00,000 |
Total issue Size:- | ₹132 Crore |
Fresh issue of Shares:- | 1,10,00,000 |
Fresh issue Size:- | ₹132 Crore |
Face Value:- | ₹10 per Equity Share |
Retail Quota:- | 35% |
QIB Quota:- | 50% |
NII Quota:- | 15% |
Financial Information :-
Amount in ₹ Crore
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
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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 |
Key Performance Indicator :-
Particulars | Value |
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IPO Prospectus :-
Particulars | Link |
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Akme Fintrade India Ltd IPO DHRP:- | Click Here |
Akme Fintrade India Ltd IPO RHP:- | Click Here |
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