The Akme Fintrade IPO started on June 19, 2024, and ended on June 21, 2024. Shares were allocated on June 24, 2024, and refund processes began on June 25, 2024. On June 25, 2024, the shares were credited to investors demat accounts. Akme Fintrade was officially listed on the stock exchange on June 26, 2024.
During the IPO, Akme Fintrade offered shares at a price range of ₹114 to ₹120 per share, and the lot size was 125 shares. The total issue size was ₹132.00 crores, with ₹132.00 crores from new shares. The IPO was listed on the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Aasaan Loans IPO Subscription Update Video
Akme Fintrade IPO Subscription Status
The Akme Fintrade IPO on June 21, 2024 was subscribed 54.49 times, with the retail category being subscribed 44.58 times, the NII (Non-Institutional Investor) category being subscribed 129.98 times, the QIB (Qualified-Institutional Buyers) category being subscribed 28.12 times and the Employee category being subscribed 5.42 times.
| Category | Subscription |
| QIB | 28.12x |
| NII | 129.98x |
| Retail | 44.58x |
| Employee | 5.42x |
| Total | 54.49x |
Aasaan Loans IPO Basic Details
| Company Name | Akme Fintrade India Limited |
| Domain of Company | NBFC Company |
| Aasaan Loans IPO Open Date | June 19, 2024 |
| Aasaan Loans IPO Close Date | June 21, 2024 |
| Aasaan Loans IPO Allotment Date | June 24, 2024 |
| Aasaan Loans IPO Listing Date | June 26, 2024 |
| Face Value | ₹10 per share |
| Price | ₹114 to ₹120 per share |
| Lot Size | 125 Shares |
| Issue Size | 11,000,000 shares of ₹10 (aggregating up to ₹132.00 Cr) |
| Fresh Issue | 11,000,000 shares of ₹10 (aggregating up to ₹132.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Nirmal Kumar Jain, Manju Devi Jain, Dipesh Jain and Nirmal Kumar Jain HUF |
About Akme Fintrade India Limited
Founded in 1996, Akme Fintrade India Ltd is a non-banking financial company (NBFC) with over 20 years of experience in lending to rural and semi-urban areas of India.
Akme Fintrade specializes in providing customized lending solutions to meet the unique needs of rural and semi-urban communities. Its services include Vehicle Finance and Business Finance products, specifically designed for small business owners.
Operating in the rural and semi-urban regions of Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat, Akme Fintrade has its registered office in Udaipur, Rajasthan, and a Corporate Office in Mumbai, Maharashtra. The company has established a robust presence with 12 branches and over 25 points of service, both digital and physical, serving more than 200,000 customers.
Akme Fintrade finances the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto rickshaws, catering to both salaried professionals and self-employed individuals.
As of December 31, 2023, the company employs 125 permanent staff members and is dedicated to their overall well-being.
Akme Fintrade IPO Should you subscribe?
Aasaan Loans IPO More Details Click Here
Akme Fintrade IPO FAQs
What is the start and end date of Akme Fintrade IPO Subscription?
The Akme Fintrade IPO started on June 19, 2024, and ended on June 21, 2024.
When does Akme Fintrade IPO Subscription open?
The Akme Fintrade IPO open on June 19, 2024.
When does Akme Fintrade IPO Subscription close?
The Akme Fintrade IPO Close on June 21, 2024.
What is the allotment date of Akme Fintrade IPO?
The allotment date for Akme Fintrade IPO is June 24, 2024.
When is the initial refund date of Akme Fintrade IPO?
The initial Refund date for Akme Fintrade IPO is June 25, 2024.
When were the shares credited to investors demat accounts for the Akme Fintrade IPO?
The shares for the Akme Fintrade IPO were credited to investors demat accounts on June 25, 2024.
When will Akme Fintrade IPO be listed on the stock market?
Akme Fintrade IPO stock market will be listed on June 26, 2024 at 10 am.
What was the price range of the Akme Fintrade IPO shares?
The Akme Fintrade IPO shares were offered at a price range of ₹114 to ₹120 per share.
What was the lot size for the Akme Fintrade IPO shares?
The lot size for the Akme Fintrade IPO shares was 120 shares.
What was the total issue size of the Akme Fintrade IPO?
The total issue size of the Akme Fintrade IPO was ₹132.00 crores.
How were the shares allocated among different types of investors for the Akme Fintrade IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Akme Fintrade IPO listed?
The Akme Fintrade IPO was listed on both the NSE and BSE.
What is the Akme Fintrade IPO Subscription Status?
Akme Fintrade IPO is subscribed Times.
