₹ 15000 / 125 shares
IPO Details
RHP/DRHPIssue Date
19 Jun - 21 Jun'24
Investment/lot
₹ 15000
Price Range
114 - 120
Lot Size
125
IPO Size
₹ 132.00 Cr
IPO Listing Details
Listing On
26 Jun'24
Issue Price
120
Listed Price
₹ 127
Retail Gain/Listing Gain
▲5.83%
IPO Timeline
Akme Fintrade India Company Background
Akme Fintrade India is a non-banking finance company (NBFC) incorporated in 1996 and registered with the Reserve Bank of India as a non-systemically important non-deposit-taking company.
Akme Fintrade has over twenty years of lending experience, specialising in solutions that cater to the needs and aspirations of rural and semi-urban populations in India. Their portfolio features vehicle finance and business finance products for small business owners.
With that, let's take a look at the competitive strengths and risk factors for Akme Fintrade India Limited:
Akme Fintrade India Competitive Strengths
Proven execution capabilities with a strong rural and semi-urban focus
Well-established in vehicle finance and small business lending
Customer-centric approach and deep understanding of target customers
Risk Factors
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The company has experienced a decline in revenue in FY22 and may experience declines in the future.
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The company has higher levels of NPAs compared to some of its peer companies.
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The company did not comply with certain RBI norms/guidelines in the past.
Key Strategies
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Increase focus on digitisation and expanding product portfolio
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Deepen, strengthen, and expand geographical presence
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Enhance brand recall to attract new customers
Akme Fintrade India Limited Key Financials
Here are the key financials for Akme Fintrade India Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
How to apply for an IPO using UPI
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Akme Fintrade India Ltd IPO?
Here are the steps to apply for Akme Fintrade India Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Akme Fintrade India Ltd IPO FAQs
When is Akme Fintrade India Ltd IPO listing date?
Akme Fintrade India Ltd will list on 2024-06-26.
What is the issue size of Akme Fintrade India Ltd IPO?
132.00 is the issue size of Akme Fintrade India Ltd IPO.
What is the minimum lot size required for Akme Fintrade India Ltd IPO?
The minimum lot size is 125 shares and the investment required is ₹15000.
What is the price band of the Akme Fintrade India Ltd IPO?
The price band of Akme Fintrade India Ltd IPO is ₹114 to ₹120.
Where can I read more about Akme Fintrade India Ltd business?
You can read more about Akme Fintrade India Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the Akme Fintrade India Limited IPO?
The Akme Fintrade India Limited IPO has an issue size of Rs. 132 crores. The IPO opens for subscription on 19th June 2024 and closes on 21st June 2024
Who is the Registrar for Akme Fintrade India Limited IPO?
Bigshare Services Private Limited is the registrar for this IPO.
