Akme Fintrade India Ltd.
CLOSEDIPO 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
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 IPO | Amount |
|---|---|
| Overall | 132 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 24 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.
| Date | Ipo Price | GMP | Estimated 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 Price | Listing Gain | Current Market Price | P/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 in | 1996 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
Risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 28.12 |
| Non-Institutional Investors (NIIs) | 129.98 |
| Retail Individual Investors (RIIs) | 44.58 |
| Employee | 5.42 |
| Total | 54.49 |