Akme Fintrade IPO GMP, Price, Date, Allotment

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Last updated on June 26, 2024

Akme Fintrade IPO GMP

Akme Fintrade IPO Description – Akme Fintrade is a non-banking finance company registered with the Reserve Bank of India as Non systemically important non-deposit-taking company having more than two decades of experience in lending business in the rural and semi-urban geographies in India.

Its portfolio includes Vehicle Finance and Business Finance Products for small business owners. The company currently extends its reach across rural and semi-urban areas in four Indian states: Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. Its registered office is in Udaipur, Rajasthan, with a corporate office situated in Mumbai. With 12 branches and over 25 points of presence, both digital and physical, the company has successfully served more than 200,000 customers.

As of 31 December 2023, its total credit exposure is INR 379.46 crore out of which INR 300.67 crore is of SME/ business loan which is 79.23% of total credit exposure. As of 31 December 2023, the company has approximately 32,771 outstanding loans under Vehicle Finance and Secured Business Loans/MSMEs. These loans support small enterprises and self-employed non-professionals, aiding their stores, retail outlets, handicraft manufacturing, and various other businesses.

Akme Fintrade

Promoters of Akme Fintrade (India) – Nirmal Kumar Jain, Manju Devi Jain, Dipesh Jain, and Nirmal Kumar Jain HUF


Akme Fintrade (India) IPO Details

Akme Fintrade IPO Dates19 – 21 June 2024
Akme Fintrade Issue PriceINR 114 – 120 per share
Fresh issue1,10,00,000 shares (INR 125.40 – 132.0 crore)
Offer For SaleNIL
Total IPO size1,10,00,000 shares (INR 125.40 – 132.0 crore)
Minimum bid (lot size)125 shares (INR 15,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE, BSE

Akme Fintrade (India) Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Revenue86.1767.4469.5153.41
Expenses67.5959.9149.5238.29
Net income16.314.1215.8012.25
Margin (%)18.936.1122.7322.94
Figures in INR Crores unless specified otherwise

Akme Fintrade (India) Offer News


Akme Fintrade Valuations & Margins

FY 2021FY 2022FY 2023
(Pre Issue)
FY 2024
(Post-Issue)*
EPS5.151.304.983.83
PE Ratio22.87 – 24.0829.8 – 31.37
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2021FY 2022FY 2023
RONW (%)13.573.099.25
NAV41.0943.1764.60
ROE (%)7.723.0112.52
EBITDA (%)78.8064.1869.45
Debt/Equity2.443.634.42
*Compiled by IPO Central from Prospectus

Akme Fintrade IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
25 June 2024252,100
24 June 2024333,000
22 June 2024463,500
21 June 2024463,500
20 June 2024423,400
19 June 2024343,000
18 June 2024322,800
17 June 202429

Akme Fintrade (India) IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Augment the capital base of the company
  • General corporate purposes

Akme Fintrade – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
Akme Fintrade (India) 24.084.987.7264.6069.57
MAS Financial Services 20.8137.1813.55277.83990.26
Shriram Finance 8.87160.5413.821,162.1230,508.39
Cholamandalam Investment and Finance32.9232.4418.58174.5213,105.59
Arman Financial Service 17.16110.4725.65430.61423.90
CSL Finance 11.9522.0212.59174.85117.53

Aasaan Loans IPO Allotment Status

Aasaan Loans IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.


Akme Fintrade IPO Dates & Listing Performance

Aasaan Loans IPO Opening Date19 June 2024
Aasaan Loans IPO Closing Date21 June 2024
Finalization of Basis of Allotment24 June 2024
Initiation of refunds25 June 2024
Transfer of shares to demat accounts25 June 2024
Akme Fintrade IPO Listing Date26 June 2024
Opening Price on NSEINR 127 per share (up 5.83%)
Closing Price on NSEINR 133.35 per share (up 11.13%)

Akme Fintrade IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities –
ICICIdirect –
Indsec –
Jainam Broking Avoid
DR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Systematix Shares –
Mehta Equities –
Nirmal Bang –
Reliance Securities –
Sushil Finance –
Samco Securities – Not rated
SBI Securities –
SMC Global –
SMIFS –
Swastika Investmart – Neutral
Ventura Securities – Subscribe


Akme Fintrade Offer Lead Manager

GRETEX CORPORATE SERVICES LIMITED
Office No. 13, 1st Floor, New Bansilal Building,
Raja Bahadur Mansion, 9-15, Homi Modi Street,
Fort, Mumbai– 400001, Maharashtra
Phone: +91-22-62280818
Email[email protected]
Website: www.gretexcorporate.com


Akme Fintrade Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]
Website: www.bigshareonline.com


Akme Fintrade Contact Details

AKME FINTRADE (INDIA) LIMITED
608, The Summit – Business Bay,
behind Guru Nank Petrol Pump, Opp. Cinemax,
Prakashwadi Andheri (East), Mumbai – 400069
Phone: +91- 294-2489501-02
Email: [email protected]
Website: www.aasaanloans.com


Akme Fintrade IPO FAQs

How many shares in Akme Fintrade IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for an Akme Fintrade Public Offer?

The best way to apply for Akme Fintrade public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Akme Fintrade IPO GMP today?

Akme Fintrade IPO GMP today is INR 23 per share.

What is Akme Fintrade kostak rate today?

Akme Fintrade kostak rate today is INR NA per application.

What is Akme Fintrade Subject to Sauda rate today?

Akme Fintrade Subject to Sauda rate today is INR 2,100 per application.

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