Akme Fintrade India IPO price band is set at Rs 114 to Rs 120 per share. The IPO opens on Wednesday, June 19, 2024.
Akme Fintrade India IPO: Akme Fintrade IPO (Aasaan Loans IPO) is a main-board IPO of 11,000,000 equity shares of the face value of Rs 10 aggregating up to Rs 132.00 Crores. The issue is priced at Rs 114 to Rs 120 per share. The minimum order quantity is 125 Shares.
About Akme Fintrade India IPO
Akme Fintrade India Limited, incorporated in 1996, this is a non-banking financial company (NBFC) with over 20 years of experience in lending to rural and semi-urban areas of India.
The company mainly provides lending solutions tailored to the needs and aspirations of rural and semi-urban populations. Its portfolio comprises Vehicle Finance and Business Finance Products for small business owners.
Akme Fintrade India IPO Details
| IPO Date | June 19, 2024 to June 21, 2024 |
| Face Value | Rs 10 per share |
| Price Band | Rs 114 to Rs 120 per share |
| Lot Size | 125 Shares |
| Total Issue Size | 11,000,000 shares (aggregating up to Rs 132.00 Cr) |
| Fresh Issue | 11,000,000 shares (aggregating up to Rs 132.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Akme Fintrade India IPO Price
Akme Fintrade India IPO price band is set at Rs 114 to Rs 120 per share.
Akme Fintrade India IPO Subscription Status
Akme Fintrade IPO (Aasaan Loans IPO) opens for subscription on June 19, 2024 and closes on June 21, 2024.
Akme Fintrade India IPO Lot Size
The minimum lot size for Akme Fintrade IPO is 125 Shares. The minimum amount of investment required by retail investors is Rs 15,000.
Akme Fintrade India IPO GMP
Akme Fintrade IPO last GMP is Rs 40, last updated Jun 18th 2024. With the price band of 120.00, Akme Fintrade India IPO’s estimated listing price is Rs 160 (cap price + today’s GMP).
Akme Fintrade India IPO Allotment
The allotment for the Akme Fintrade IPO is expected to be finalized on Monday, June 24, 2024. The IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, June 26, 2024.
Akme Fintrade India IPO Listing Date
| IPO Open Date | Wednesday, June 19, 2024 |
| IPO Close Date | Friday, June 21, 2024 |
| Basis of Allotment | Monday, June 24, 2024 |
| Initiation of Refunds | Tuesday, June 25, 2024 |
| Credit of Shares to Demat | Tuesday, June 25, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
Akme Fintrade India IPO Promoter Holding
The promoters of the Akme Fintrade (Aasaan Loans IPO) company are Nirmal Kumar Jain, Manju Devi Jain, Dipesh Jain and Nirmal Kumar Jain HUF.
Akme Fintrade India IPO Review
Dilip Davda: The company is operating in financial services segment which is highly competitive and fragmented one. It also has ever changing regulatory norms. Based on FY24 annualized earnings, the issue is aggressively priced. There is no harm in skipping this pricey offer.
• Disclaimer: The above article is meant for informational purposes only, any investment stock market & mutual fund please advice financial expert.
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