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    Akme Fintrade India Ltd.

    CLOSED

    IPO Date: 19 Jun - 21 Jun 2024

    Listing Date: 26 Jun 2024

    Price Range

    ₹114 to ₹120 per share

    Issue Size

    132 Cr

    Min Investment

    ₹14,250

    Lot Size

    125 Shares

    View IPO Document

    Schedule of Akme Fintrade India Ltd.

    Issue open date

    19 Jun 2024

    Issue close date

    21 Jun 2024

    UPI mandate deadline

    21 Jun 2024 (5 PM)

    Allotment finalization

    24 Jun 2024

    Share credit

    25 Jun 2024

    Listing date

    26 Jun 2024

    Mandate end date

    6 Jul 2024

    Issue size

    Funds Raised in the IPOAmount
    Overall132 Cr
    Fresh Issue0 Cr
    Offer for Sale0 Cr

    Allotment DetailsNew

    Allotment TimelineDetails
    Allotment Date24 Jun 2024
    Allotment Link{Link}

    Grey Market PremiumNew

    Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

    DateIpo PriceGMPEstimated Listing Price
    26 Jun 2024₹120₹16₹136 (13.33%)
    25 Jun 2024₹120₹16₹136 (13.33%)
    24 Jun 2024₹120₹18₹138 (15%)
    23 Jun 2024₹120₹30₹150 (25%)
    22 Jun 2024₹120₹30₹150 (25%)
    21 Jun 2024₹120₹30₹150 (25%)
    20 Jun 2024₹120₹30₹150 (25%)
    19 Jun 2024₹120₹48₹168 (40%)
    18 Jun 2024₹120₹40₹160 (33.33%)
    17 Jun 2024₹120₹33₹153 (27.5%)
    16 Jun 2024₹120₹33₹153 (27.5%)

    Performance Akme Fintrade India Ltd.

    Issue PriceListing GainCurrent Market PriceP/L
    ₹114 to ₹120 per share₹ 280 (11.12%) ₹ 73.15-39.04%

    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.

    Founded in1996
    Managing director
    Parent organization

    Financial Overview

    Strengths

      Risks

        Subscription Figures

        CategorySubscription (No. of times)
        Qualified Institutional Buyers (QIBs)28.12
        Non-Institutional Investors (NIIs)129.98
        Retail Individual Investors (RIIs)44.58
        Employee5.42
        Total54.49