Akme Fintrade India Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹114 - ₹120
- Lot size
- 125 shares
- Issue amount
- ₹132 cr
- Total subscription
- 54.24×
- Opens
- 19 Jun 2024
- Closes
- 21 Jun 2024
- Allotment
- 24 Jun 2024
- Listing
- 26 Jun 2024
Offer at a glance
Issue overview
- Issue size
- 1,10,00,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹14,250
- Fresh issue
- ₹132 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹15,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 37,45,19,945
- Shares after issue
- 38,74,23,171
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 125 | ₹15,000 |
| sHNI | 14 | 1,750 | ₹2,10,000 |
| bHNI | 67 | 8,375 | ₹10,05,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 25.08 | 705.15 |
| RETAIL | 43.89 | 1,937.47 |
| HNIs 2+ | 6.27 | 917.11 |
| HNIs 10+ | 12.54 | 1,524.32 |
| EMPLOYEES | 6.6 | 35.45 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 3.87 | 5.85 | 1.68 |
| ROE | 5.64 | 7.72 | 3.01 |
| ROCE | 0 | 0 | 0 |
| RONW | 5.81 | 9.25 | 3.09 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Akme Fintrade India Ltd is a non-banking financial company (NBFC) established in 1996, with over 20 years of experience in offering customized loans to people in rural and semi-urban areas of India. The company mainly provides Vehicle Finance and Business Finance solutions, especially for small business owners. Akme Fintrade operates in Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat, with its head office in Udaipur, Rajasthan, and corporate office in Mumbai, Maharashtra. It has 12 branches and over 25 service points, offering both physical and digital services, and has served more than 2 lakh customers so far. The company provides loans for purchasing new two-wheelers and three-wheelers like scooters, bikes, and auto rickshaws, supporting both salaried individuals and self-employed people. As of December 31, 2023, Akme Fintrade employs 125 permanent staff members and prioritizes their overall well-being.
Strengths
- Strong Presence in Rural Areas: Akme Fintrade India Ltd has a solid history of serving rural and semi-urban areas, offering financial solutions that meet the unique needs of these communities.
- Trusted Lending Services: The company provides vehicle loans and small business loans, helping small business owners and individuals meet their financial goals.
- Experienced Leadership with Customer Focus: Led by an experienced management team, the company prioritizes customer needs by offering personalized financial solutions and building long-lasting customer relationships.
Risk factors
- Falling Revenue: The company's income went down in 2022, and if this trend continues, it could slow down future growth and overall performance.
- High Bad Loans: Akme Fintrade India Ltd has more bad loans (NPAs) compared to some of its competitors. If the company can't manage or recover these loans, it could hurt its financial health and business operations.
- Regulatory Issues: The company has faced issues in following RBI rules in the past. Any future non-compliance could result in fines, restrictions, or harm its reputation, which may impact its business and market position.
Promoters
Nirmal Kumar Jain
Manju Devi Jain
Dipesh Jain
Nirmal Kumar Jain HUF
Registrar & documents
Lead manager
Gretex Corporate Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
AKME Business Centre (ABC),4-5 Subcity Centre, Savina Circle opp, Krishi Upaz Mandi Udaipur,- 313002
+91- 294-2489501
[email protected]Company website ↗Understanding AFIL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.