June 26, 2024
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Akme Fintrade IPO Details & Review @ Chanakyanipothi.com, India`s Oldest & the most Trusted Investment website for coming up IPOs. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.
Post Listing Review of Akme Fintrade IPO?
On June 26, 2024, the scrip is listed at Rs. 127, a premium of 5.67% over the listing price. The listing has been much below the expectations of the grey market. The business has tough competition and hence one may book profits on listing.
Who are the Anchor Investors of Akme Fintrade?
What was the current grey market premium for Akme Fintrade IPO ?
GMP Rs. 16,
S-Subject to rates : Rs. 1500
B- Subject to Rates: Rs.21000
What is the Subscription Status Akme Fintrade IPO?
Review: Not so impressive trend on D2
On 21 June 2024 5.00 (Day 2)
QIB: 28.12 T
NII(10L+): 121.56 T
NII (<10L) 146.83 T
NII (Total) 129.98 T
RII: 44.58 T
EMP: 5.42 T
Total: 54.49 T
Applications: 1218115 (41.63X)
Amount wise Subscription: Rs. 5142.77 Crore
Who are the promoters of Akme Fintrade?
NIRMAL KUMAR JAIN, MANJU DEVI JAIN, DIPESH JAIN AND NIRMAL KUMAR JAIN HUF
Akme Fintrade IPO Particulars & Guidance
Very Elaborate Business Information:
Akme Fintrade (India) is a NBFC incorporated in the year 1996 registered with the Reserve
Bank of India as a Non-systemically important non-deposit taking company with over two decades of lending experience in rural and semi-urban geographies in India. It is primarily engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace. Its portfolio includes Vehicle Finance and Business Finance Products to small business owners. it has a long history of serving rural and semi-urban markets with high growth potential and have maintained a track record of financial performance and operational efficiency through consistently high rates of customer acquisition and retention and low-cost expansion into underpenetrated areas. Therefore, it strategically focuses on clients in the rural and semi urban sector.
Its digital lending platform www.aasaanloans.com is currently under development and will be rolled out in a phased manner. Initially the vehicle loans would be launched, and the Business Finance would be rolled out for making the operational process easier and faster. It has taken a baby step towards the same by launching a website aasaanloans.com. This differentiated approach aids in the identification of businesses with low risk and high promise, thereby providing opportunities for those who previously had no access to long or short-term financing.
It has its footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat through registered office located at Udaipur, Rajasthan, 7 branches and over 20+ points of presence including digital and physical branches having served over 2,00,000 customers till date.
As on September 30, 2022, the company reported an AUM of approximately Rs.32398.52 Lakhs and Net Worth at Rs.15145.7 Lakhs respectively. The registered GNPA and NNPA were 4.87 % and 3.84 % and the PAT for the period ended September 30, 2022, is Rs. 614.76 Lakh
For more information, click www.aasaanloans.com
What are the Objects of Akme Fintrade IPO?
The Company proposes to utilize the Net Proceeds towards augmenting its capital base.
Akme Fintrade IPO Details |
|
| IPO opens on | 19 June ,2024 |
| IPO closes on | 21 June ,2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 11000000 Sh /Rs 132 Cr |
| * Fresh Issue | 11000000 Sh /Rs 132 Cr |
| * Offer for Sale | – Sh /Rs Cr |
| Employee Allocation | 550000 Sh. |
| Face Value per share: | Rs. 10 |
| What is the Price Band of Akme Fintrade IPO? | Rs. 114-120 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr |
| QIB (50 %) | 5225000 | – |
| NII (15 %) | 1567500 | – |
| RII (35 %) | 3657500 | – |
| Employees | 550000 | – |
| Total Shares | 11000000 | 132 |
| Retail portion will be oversubscribed by | – Forms. | |
| How to Akme Fintrade Apply in Mankind Pharma IPO? | Amount Payable Rs. |
|
| Min Retail Application | 125 Shares | 15000 |
| Max Retail Application | 1625 Shares | 195000 |
| Small HNI (Min) application | 1750 Shares | 210000 |
| Small HNI (Max) application | 8250 Shares | 990000 |
| Big HNI Application | 8375 Shares | 1005000 |
Akme Fintrade IPO Particulars & Guidance
| Akme Fintrade IPO Tentative timetable | |
| IPO opens on | 19 June 2024 |
| IPO Closes on | 21 June 2024 |
| IPO Allotment on | 24 June 2024 |
| Unblocking of ASBA | 25 June 2024 |
| Credit of Shares | 25 June 2024 |
| Listing on | 26 June 2024 |
| Registered Office of the Company AKME Business Centre (ABC), 4-5 Subcity Centre, Savina Circle opp. Krishi Upaz Mandi Udaipur, Rajasthan – 313002, India |
|
| Who is the lead manager of Akme Fintrade IPO? Gretex Corporate Services Limited |
|
| Who is the Registrar Akme Fintrade IPO? | |
| Bigshare Services Private Limited |
Akme Fintrade IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoE |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| Key Performance Indicators of Akme Fintrade IPO | |
| Upper Price /last EPS | 21.37 |
| Upper Price/Book Value Ratio | 1.93 |
| Upper Price/BV after IPO | – |
Akme Fintrade IPO Particulars & Guidance
Peer Comparison
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| The IPO Company | 10 | 65.16 | 21.37 |
| Mas financial | 10 | 990.26 | 26.47 |
| Shriram Transport Fin | 10 | 30508.39 | 14.73 |
| Cholamandalam fin | 2 | 13105.59 | 33.52 |
| Arman Financial | 10 | 423.90 | 20.99 |
| CSL Finance | 10 | 117.53 | 22.70 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Akme Fintrade IPO Guidance
Akme Fintrade (India) is a NBFC incorporated in the year 1996 registered with the Reserve
Bank of India as a Non-systemically important non-deposit taking company with over two decades of lending experience in rural and semi-urban geographies in India. It is primarily engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace. Its portfolio includes Vehicle Finance and Business Finance Products to small business owners.
Size: The size of this mainboard IPO is only Rs. 132 Crore and retail portion is only 3657500 shares and HNI portion is only 1567500 shares. So huge oversubscription is expected.
Financial Analysis: The company operates in finance business and it has become highly competitive. The shares are offered at normal valuation and leaves small room for listing gains. Allotment will be tough. So you may take chance and apply.
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