Akme Fintrade (India) Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

19 Jun 2024

Close Date

21 Jun 2024

Allotment

24 Jun 2024

Listing Date

26 Jun 2024

Exchange

NSE & BSE

Price Band

₹120

Listing Price

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Allotment Status

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Price Band

₹120

Per share

Face Value

₹10 per share

Lot Size

125 Shares

per lot

Issue Size

1,10,00,000 shares (aggregating up to ₹132.00 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹15,000

1 lot

Pre-IPO Holding

37,45,19,945 shares

Promoters

Post-IPO Holding

38,74,23,171 shares

Promoters

EPS (Pre)

₹3.87

UPI Deadline

2024-06-21

Mandate

Anchor AllotmentTue, 18 Jun 2024

Basis of AllotmentMon, 24 Jun 2024

Refund InitiationTue, 25 Jun 2024

Demat CreditTue, 25 Jun 2024

Listing DayWed, 26 Jun 2024

UPI Mandate Deadline2024-06-21

Sale TypeFresh Capital

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Akme Fintrade (India) Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Jun 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	11,000,000	100%	₹132.00

IPO Shares Offered

Akme Fintrade (India) Ltd. IPO total issue size: ₹132.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	11,000,000	₹132.00	100.00%

* Based on upper price band ₹120 per share

Lot Size & Investment

Lot Size

125

Shares per Lot

Issue Price

₹120.00

Upper Band

Min Investment

₹15,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	250	₹30,000
Retail (Max — 13 Lots)	13	1,625	₹195,000
S-HNI (Min — 14 Lots)	14	1,750	₹210,000
B-HNI (Min — 68 Lots)	68	8,500	₹1,020,000

* Issue Price ₹120 × Lot Size 125 shares

IPO Schedule

Anchor

18 Jun 2024

✓ Done

IPO Open

19 Jun 2024

✓ Done

IPO Close

21 Jun 2024

✓ Done

Allotment

24 Jun 2024

✓ Done

Refunds

25 Jun 2024

✓ Done

Demat Credit

25 Jun 2024

✓ Done

Listing Day

26 Jun 2024

✓ Done

₹120.00

INR · BSE

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Issue ₹120.00 Live Price

About Akme Fintrade (India) Ltd.

Incorporated 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 in 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.The company operates in rural and semi-urban areas across four Indian states - Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. It has a registered office in Udaipur, Rajasthan, and a Corporate Office in Mumbai, Maharashtra. With 12 branches and over 25 points of presence, including digital and physical branches, it has served over 200,000 customers.The company finances the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto rickshaws, for salaried professionals and self-employed non-professionals.The company has 125 permanent employees as of December 31, 2023, and prioritizes their overall welfare.

Objects of the Issue

The company proposes to utilize the Net Proceeds from the Issue towards augmenting the capital base of the company to fulfil its future capital requirements, which are anticipated to arise as a result of the expansion of the business and assets. Further, a portion of the proceeds from the Issue will be used towards meeting Issue-related expenses.

Akme Fintrade (India) Ltd. Financials (Amount in Crore)

Revenue from Operations

₹67.5

31 Mar 2022

₹69.6

31 Mar 2023

₹53.5

31 Dec 2023

Profit After Tax (PAT)

₹4.1

31 Mar 2022

₹15.8

31 Mar 2023

₹12.3

31 Dec 2023

Particulars	31 Dec 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	53.45	69.57	67.50
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	12.25	15.80	4.12
Net Worth	217.01	204.78	136.84
Total Assets	417.96	390.50	374.01
Reserves & Surplus	185.34	173.11	115.03
Borrowings	195.19	177.76	230.06
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	22.93%	—	—

RoE

5.64%

RoNW

5.81%

PAT Margin

22.93%

Debt/Equity

2.49

Issue Structure & Shareholding

Total Shares Offered1,10,00,000 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding37,45,19,945 shares

Post-Issue Promoter Holding38,74,23,171 shares

P/BV RatioN/A

RoE5.64%

RoCEN/A

Debt / Equity2.49

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Gretex Corporate Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Akme Fintrade (India) Ltd. IPO subscribed? ▲

Akme Fintrade (India) Ltd. IPO is subscribed 1.00 times by Jun 21, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Akme Fintrade (India) Ltd. IPO retail subscription status? ▼

The Akme Fintrade (India) Ltd. IPO retail category is subscribed 1.00 times as of 21 Jun 2024. The retail portion is oversubscribed.

How to subscribe Akme Fintrade (India) Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 19 Jun 2024 and closes 21 Jun 2024. Min investment: ₹15,000 (1 lot = 125 shares). UPI mandate: 2024-06-21.

How many times Akme Fintrade (India) Ltd. IPO subscribed? ▼

The Akme Fintrade (India) Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Akme Fintrade (India) Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 24 Jun 2024. Refunds: on 25 Jun 2024.

When Akme Fintrade (India) Ltd. IPO will be listed? ▼

The Akme Fintrade (India) Ltd. IPO listing date is 26 Jun 2024, Wednesday. Listed on: NSE & BSE. Issue price: ₹120. Estimated listing: ₹120. GMP: NIL.

When Akme Fintrade (India) Ltd. IPO close? ▼

The Akme Fintrade (India) Ltd. IPO closes on 21 Jun 2024, Friday. UPI mandate: 2024-06-21. Allotment: 24 Jun 2024. Listing: 26 Jun 2024.

Quick Actions

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Live Price LIVE

Last Price₹120.00

Change—

Issue Price₹120.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹120

Face Value₹10

Lot Size125 Sh

Min. Amount₹15,000

GMPNIL

Est. Listing₹120

Subscribed1.00x

Open Date19 Jun 2024

Close Date21 Jun 2024

Allotment24 Jun 2024

Listing Date26 Jun 2024

ExchangeNSE & BSE

UPI Deadline2024-06-21