The Akme Fintrade IPO commenced on June 19, 2024, and concluded on June 21, 2024. The allotment of shares took place on June 24, 2024, and the initiation of refunds began on June 25, 2024. The shares were credited to the demat accounts of investors on June 25, 2024. Finally, the listing of Akme Fintrade on the stock exchange occurred on June 26, 2024.
The Akme Fintrade IPO was priced at ₹114 to ₹120 per share, with a lot size of 125 shares. The total issue size was ₹132.00 crores, comprising a fresh issue of ₹132.00 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Akme Fintrade IPO Basic Details
| Company Name | Akme Fintrade India Limited |
| Domain of Company | NBFC Company |
| Aasaan Loans IPO GMP Today | ₹30 |
| Aasaan Loans IPO Listing Gain | 25.00% |
| 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 |
Akme Fintrade IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹30 | 25.00% | – | – |
| 13 June 2024 | ₹30 | 25.00% | – | – |
Aasaan Loans IPO Details:
Founded in 1996, Akme Fintrade India Ltd is a seasoned non-banking financial company (NBFC) with over two decades of experience in providing loans to rural and semi-urban areas in India.
The company offers specialized lending solutions that cater to the unique needs and dreams of people living in these regions. Their product range includes Vehicle Finance and Business Finance for small business owners.
Akme Fintrade operates in rural and semi-urban parts of four Indian states: Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. They have a registered office in Udaipur, Rajasthan, and a corporate office in Mumbai, Maharashtra. With 12 branches and more than 25 points of presence, including both digital and physical branches, they have supported over 200,000 customers.
The company provides financing for new two-wheelers and three-wheelers like scooters, motorcycles, and auto rickshaws, helping both salaried and self-employed individuals.
As of December 31, 2023, Akme Fintrade employs 125 permanent staff members and is committed to their well-being.
Akme Fintrade IPO More Details Click Here
Akme Fintrade IPO FAQs
When is Akme Fintrade IPO open?
Akme Fintrade IPO will open on 19 June 2024.
When is Akme Fintrade IPO Close?
Akme Fintrade IPO will be closed on 21 June 2024.
What is Akme Fintrade IPO GMP Today?
The Akme Fintrade IPO GMP aka Grey Market Premium is ₹30.
What is Akme Fintrade IPO Kostak Rates Today?
The Akme Fintrade IPO Kostak Rate is ₹000.
What is Akme Fintrade IPO Subject to Sauda Price Today?
The Akme Fintrade IPO subject to sauda rates is ₹000.
Akme Fintrade IPO Expected Returns?
The Akme Fintrade expected return is 25.00%.
How much will be the listing gain in Akme Fintrade IPO?
Akme Fintrade IPO will get listing gain of 25.00%. (Approx.)
