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Open
19 Jun 2024
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Close
21 Jun 2024
3
Allotment
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Listing
Wed, Jun 26, 2024
Price Band
₹114 to ₹120
Issue Size
1,10,00,000 shares (agg. up to ₹132 Cr)
Lot Size
125 Shares
Listing Date
Wed, Jun 26, 2024
Latest GMP
₹16
Est. Gain
13.33%
✦ AI Insight
GMP Trend
26-06-2024₹16Est. ₹136+13.33%
25-06-2024₹16Est. ₹136+13.33%
24-06-2024₹18Est. ₹138+15%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 39.44x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 417.96 | 390.50 | 374.01 | 455.40 |
| Total Income | 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Fedbank Financial Services Ltd. | Mainboard | ₹1,092.26 Cr | ₹140 | 25.04 | ₹140.25 | +0.18% | ₹158.60 (-1.86%) |
| SBFC Finance Ltd. | Mainboard | ₹1,025.00 Cr | ₹57 | 40.42 | ₹92.20 | +61.75% | ₹94.09 (+0.59%) |
| IBL Finance Ltd. | SME | ₹33.41 Cr | ₹51 | 48.08 | ₹58.80 | +15.29% | ₹61.00 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting the capital base of Company to fulfil its future capital requirement | 117.94 |
| Total | 117.94 |
About Akme Fintrade IPO
Incorporated in 1996, Akme Fintrade India Ltd is a non-banking financial company (NBFC) with over 20 years of experience in lending to rural and semi-urban areas in India. The company mainly provides lending solutions tailored to the needs and aspirations of rural and semi-urban populations. Its portfolio comprises Vehicle Finance and Business Finance Products for small business owners. The company operates in rural and semi-urban areas across four Indian states - Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. It has a registered office in Udaipur, Rajasthan, and a Corporate Office in Mumbai, Maharashtra. With 12 branches and over 25 points of presence, including digital and physical branches, it has served over 200,000 customers. The company finances the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto rickshaws, for salaried professionals and self-employed non-professionals. The company has 125 permanent employees as of December 31, 2023, and prioritizes their overall welfare.+ Read More
Contact Details
Akme Fintrade (India) Ltd. AddressAKME Business Centre (ABC)4-5 Subcity Centre, Savina Circle oppKrishi Upaz MandiUdaipur, Rajasthan, 313002+91- 294-2489501cs@aasaanloans.comVisit Website