Akme Fintrade India Ltd. (Aasaan Loans) IPO opens today. Check the GMP & other details
Akme Fintrade India Ltd.
| Aspect | Details |
|---|---|
| Company Name | Akme Fintrade India Ltd |
| Type | Non-banking financial company (NBFC) |
| Experience | Over 20 years |
| Specialization | Lending solutions for rural and semi-urban areas |
| Key Products | Vehicle Finance, Business Finance |
| Target Customers | Small business owners, salaried professionals, self-employed non-professionals |
| Operational Regions | Rajasthan, Maharashtra, Madhya Pradesh, Gujarat |
| Registered Office | Udaipur, Rajasthan |
| Corporate Office | Mumbai, Maharashtra |
| Branch Network | 12 branches, over 25 points of presence (digital and physical) |
Financials (Amt. in Crore)
| Metric | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Assets | 390.50 | 374.01 | 455.40 |
| Revenue | 69.57 | 67.50 | 86.79 |
| Profit After Tax | 15.80 | 4.12 | 16.31 |
| Net Worth | 204.78 | 136.84 | 130.26 |
| Reserves & Surplus | 173.11 | 115.03 | 108.45 |
| Total Borrowing | 177.76 | 230.06 | 317.82 |
Company Promoters are:
- Nirmal Kumar Jain
- Manju Devi Jain
- Dipesh Jain
- Nirmal Kumar Jain HUF
Issue Objectives
The proceeds from the issue will be used to meet future capital expenditure due to business and asset expansion. A portion will cover Issue-related expenses.
IPO Details
| Event | Date / Details |
|---|---|
| Open Date | 19 Jun, 2024 |
| Close Date | 21 Jun, 2024 |
| Allotment Date | 24 Jun, 2024 |
| Listing Date | 26 Jun, 2024 |
| Issue Price | ₹114-120 per equity share |
| Face Value | ₹10 per equity share |
| Market Lot | Retail : 125 Shares (₹15,000/-) ; S-HNI : 1,750 Shares (₹2,10,000/-) ; B-HNI : 8,375 Shares (₹10,05,000/-) |
| Listing at | BSE, NSE |
| Registrar | Bigshare Services Pvt Ltd |
| Retail Portion | 35% (Number of Retail Applications: 29,504 Approx) ; (Number of S-HNI Applications: 301 Approx) ; (Number of B-HNI Applications: 602 Approx) |
| Issue Size | 11,000,000 shares (aggregating up to ₹132.00 Cr) |
Grey Market Premium (GMP)
The expected Grey Market Premium(GMP) today is Rs. 33-36 (27.5%) .It is expected that investors can get a profit of 27% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
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Disclaimer:
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