Contents
- 1 Table of Contents
- 2 Akme Fintrade India IPO Details
- 3 Akme Fintrade India IPO Date
- 4 Lot Size Of the Akme Fintrade India IPO
- 5 Akme Fintrade India IPO GMP (Grey Market Premium)
- 6 Akme Fintrade India IPO Subscription Status
- 7 Akme Fintrade India IPO Allotment Status
- 8 Know About Company
- 9 Objects of the Issue
- 10 Promoters Holding
- 11 Akme Fintrade India Limited Financial Report
- 12 Akme Fintrade India Limited KPI
- 13 Peer Group Of Akme Fintrade India Limited
- 14 Akme Fintrade India Limited IPO Registrar
- 15 Akme Fintrade India Limited IPO Lead Manager
- 16 Akme Fintrade India Limited Contact
- 17 Akme Fintrade India IPO Prospectus
- 18 FAQs
Table of Contents
Aasaan Loans IPO (Akme Fintrade India Limited IPO): Akme Fintrade India IPO is open for subscription on June 19, 2024 and closes on June 21, 2024. The allotment for the Akme Fintrade India IPO is expected on June 24, 2024. The IPO will list on BSE & NSE with a listing date fixed as June 26, 2024.
Akme Fintrade India IPO has a book-built issue of Rs 132 crores raised from issuing 1.1 crore new shares.
Source from Akme Fintrade India Limited IPO RHP
Akme Fintrade India IPO Details
| Open Date | June 19, 2024 |
| Close Date | June 21, 2024 |
| Listing Date | June 26, 2024 |
| IPO Size | Aggregating up to 132 Cr |
| Fresh Issue | 1.1 Cr. Shares (Aggregating up to 132 Cr.) |
| Face Value | ₹10 per share |
| IPO Price Band | ₹114 to ₹120 per share |
| IPO Listing on | BSE, NSE |
| Lot Size | 125 Shares |
| OFS | N/A |
| Share Offered to Retail | 35% |
| Share Offered to QBI | 50% |
| Share Offered to HNI | 15% |
| Employee Discount | ₹19 per share |
Akme Fintrade India IPO Date
- IPO Open Date: June 19, 2024
- IPO Close Date: June 21, 2024
- Allotment: June 24, 2024
- Refunds: June 25, 2024
- Shares Credit to Demat: June 25, 2024
- Listing Date: June 26, 2024
Lot Size Of the Akme Fintrade India IPO
| Application Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1625 | ₹195,000 |
| S-HNI (Min) | 14 | 1,750 | ₹210,000 |
| S-HNI (Max) | 66 | 8,250 | ₹990,000 |
| B-HNI (Min) | 67 | 8,375 | ₹1,005,000 |
Akme Fintrade India IPO GMP (Grey Market Premium)
If you want to know Akme Fintrade India IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.
Akme Fintrade India IPO Subscription Status
Akme Fintrade India IPO subscription starts on June 19, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.
Akme Fintrade India IPO Allotment Status
To check Akme Fintrade India IPO allotment status go to the IPO registrar website ”Bigshare Services Pvt Ltd” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.
- Go to the Link given above.
- Select the IPO Name
- Enter your PAN/ DP ID/ Application No
- Submit details and get the allotment status of DEE Piping Systems IPO.
Know About Company
Established in 1996, Akme Fintrade India Ltd is an NBFC with a rich history of 20 years, focusing on lending to rural and semi-urban regions in India.
Specializing in custom lending solutions, the company caters to the unique needs of rural and semi-urban communities, offering Vehicle Finance and Business Finance Products tailored for small business proprietors.
Operating across Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat, Akme Fintrade serves as a financial lifeline in these regions, with its headquarters in Udaipur, Rajasthan, and a corporate office in Mumbai, Maharashtra.
With a network spanning 12 branches and over 25 points of presence, including both digital and physical branches, the company has impacted the lives of more than 200,000 customers.
Akme Fintrade facilitates the purchase of new two-wheelers and three-wheelers, including scooters, motorcycles, and auto rickshaws, primarily targeting salaried professionals and self-employed individuals.
Objects of the Issue
The company intends to use the Net Proceeds from the Issue to strengthen its capital base, meeting future capital needs driven by business expansion and asset growth. Additionally, a portion of the proceeds will be allocated to cover Issue-related expenses.
Promoters Holding
- Nirmal Kumar Jain
- Manju Devi Jain
- Dipesh Jain
- Nirmal Kumar Jain HUF (Hindu Undivided Family)
Akme Fintrade India Limited Financial Report
The financial information of Akme Fintrade India Ltd for the periods ending on December 31, 2023, March 31, 2023, March 31, 2022, and March 31, 2021.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets (₹ Crore) | 417.96 | 390.50 | 374.01 | 455.40 |
| Revenue (₹ Crore) | 53.45 | 69.57 | 67.50 | 86.79 |
| Profit After Tax (₹ Crore) | 12.25 | 15.80 | 4.12 | 16.31 |
| Net Worth (₹ Crore) | 217.01 | 204.78 | 136.84 | 130.26 |
| Reserves and Surplus (₹ Crore) | 185.34 | 173.11 | 115.03 | 108.45 |
| Total Borrowing (₹ Crore) | 195.19 | 177.76 | 230.06 | 317.82 |
Analysis
- Revenue Growth:
- Revenue increased by 3.06% from ₹67.50 crore in FY 2022 to ₹69.57 crore in FY 2023.
- Profit After Tax (PAT) Growth:
- PAT rose significantly by 283.5%, from ₹4.12 crore in FY 2022 to ₹15.80 crore in FY 2023.
- Assets:
- The company’s total assets have varied over the years, with a notable decrease from ₹455.40 crore in FY 2021 to ₹374.01 crore in FY 2022, then increasing to ₹390.50 crore in FY 2023, and further to ₹417.96 crore as of December 31, 2023.
- Net Worth:
- Net worth has shown consistent growth from ₹130.26 crore in FY 2021 to ₹204.78 crore in FY 2023, and further to ₹217.01 crore as of December 31, 2023.
- Reserves and Surplus:
- Reserves and surplus have increased steadily, from ₹108.45 crore in FY 2021 to ₹173.11 crore in FY 2023, reaching ₹185.34 crore as of December 31, 2023.
- Total Borrowing:
- Total borrowing has decreased significantly from ₹317.82 crore in FY 2021 to ₹177.76 crore in FY 2023. However, it slightly increased to ₹195.19 crore as of December 31, 2023.
Akme Fintrade India Limited KPI
Certainly! Below is a table summarizing the key financial and operational performance indicators (KPIs) of Akme Fintrade India Ltd for the periods ending March 31, 2021, March 31, 2022, March 31, 2023, and December 31, 2023.
| Particulars | As of / For the year ended March 31, 2021 |
|---|---|
| Restated Profit After Tax (₹ lakhs) | 1,630.49 |
| RoA (%) | 3.58% |
| ROE (%) | 12.52% |
| Return on Tangible Equity | 13.81% |
| Gross NPA ratio(%) | 3.57% |
| Net NPA ratio (%) | 2.97% |
| EBITDA (₹ Lakhs) | 6,790.54 |
| EBITDA margin (%) | 78.80% |
| Debt-equity Ratio (times) | 2.49 |
| PAT Margin (%)(34) | 18.92% |
Peer Group Of Akme Fintrade India Limited
- ISGEC Heavy Engineering Limited
Akme Fintrade India Limited IPO Registrar
Bigshare Services Private Limited
S62, 6th Pinnacle Business Park,
Mahakali Caves Road, Next to Ahura Centre,
Andheri East, Mumbai – 400093
Maharashtra, India
Tel: +91 22 6263 8200
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com
Akme Fintrade India Limited IPO Lead Manager
- MAS Financial Services Limited
- Shriram Finance Limited
- Cholamandalam Investment and Finance Company Limited
- Arman Financial Service Limited
- CSL Finance Limited
Akme Fintrade India Limited Contact
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/
Akme Fintrade India IPO Prospectus
Akme Fintrade India IPO Application Form PDF
To download the Akme Fintrade India IPO application form Check out the Application Form Download ASBA IPO Forms PDF.
FAQs
When is the Aasaan Loans IPO (Akme Fintrade India Limited IPO) opening?
The IPO opens on June 19, 2024.
What is the allotment date for the Aasaan Loans IPO?
The allotment date is June 24, 2024
50% of shares are reserved for QIBs.
