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Akme Fintrade India

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.

₹114 - ₹12054.24x sub
Listed Price₹127.00
Listing Gain+5.83%

IPO Schedule & Timeline

Book Built Issue IPO
Open19 Jun 2024
Close21 Jun 2024
Allotment24 Jun 2024
Listing26 Jun 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail36,57,500 shares
33.25%
Nii(hni)15,67,500 shares
14.25%
QIB20,90,000 shares
19%
Employees5,50,000 shares
5%

Minimum Application Lots

Retail1 Lot (125 shares)
₹15,000
sHNI14 Lots (1,750 shares)
₹2,10,000
bHNI67 Lots (8,375 shares)
₹10,05,000

Company Promoters

Nirmal Kumar JainManju Devi JainDipesh JainNirmal Kumar Jain HUF

Company Background

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, Maharashtr...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Dec-23)₹53.45 Cr
Growth-38.4%
Revenue Trend (₹ in Crores)
0.033.366.599.8Mar-21Mar-22Mar-23Dec-23
PeriodRev (Cr)PAT (Cr)AssetsDebt
Dec-2353.4512.25417.96195.19
Mar-2369.5715.80390.50177.76
Mar-2267.504.12374.01230.06
Mar-2186.7916.31455.40317.82

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Dec-233.875.64%0%00
Mar-235.857.72%0%00
Mar-221.683.01%0%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
24 Jun 2024
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
26 Jun 2024

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Akme Fintrade India. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization24 Jun 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date26 Jun 2024Trading commences on exchange

How to Check Akme Fintrade India Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Akme Fintrade India from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Akme Fintrade India IPO

Complete issue overview for Akme Fintrade India (AFIL) IPO. The issue features an equity share price band of ₹114 – ₹120 per share with a minimum retail lot size of 125 Shares (minimum application amount of ₹15,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions