Akme Fintrade India Ltd

Company Profile
Company Name Akme Fintrade India Ltd
Open Date 19-06-2024
Close Date 21-06-2024
Exchange BSE, NSE
Lot Size 125 Shares
Issue Price ₹114 to ₹120 per share
Issue Size 1,10,00,000 shares
Application Amount Min. Inv. - ₹ 15,000 (125 shares) Max. Inv. – ₹ 1,95,000 (1625 shares)
Recommendation Avoid

Akme Fintrade India Limited was incorporated in the year 1996 and has its registered office in Udaipur, Rajasthan. Akme Fintrade India Limited is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India as a Non-systemically important non-deposittaking company with over two decades of lending experience in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat. The company focuses on vehicle financing and loans to small businesses and SMEs. The company as of December 31, 2023, has 125 employees on its payroll.

(Read more on the review)

Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 455.40 374.01 390.50 417.96
Net Assets 130.26 136.84 204.78 217.01
Total Borrowings 317.82 230.06 177.76 195.19
Total Revenue 86.79 67.50 69.57 53.45
Profit After Tax 16.30 4.12 15.80 12.25

Tentative Timeline

Opening Date 19/06/2024
Closing Date 21-06-2024
Basis of Allotment 24-06-2024
Initiation of Refunds 25-06-2024
Credit of Shares to Demat 25-06-2024
Listing Date 26-06-2024

Objects of the Issue

To fulfil its future capital requirements arising out of expansion of business and assets.
To meet Issue related expenses

Contact Information

Registered Office Akme Fintrade India Ltd AKME Business Centre (ABC), 4-5 Subcity Centre, Savina Circle opp Krishi Upaz Mandi Udaipur,- 313002
Phone +91- 294-2489501
Email cs@aasaanloans.com
Website https://aasaanloans.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

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

Shareholding Pattern

Share Holding Pre Issue (Promoters) 56.01%
Share Holding Post Issue (Promoters) 41.57%

Contact Us to Enable Your Success!