Akme Fintrade IPO Date, Review, Price, Allotment Details

Akme Fintrade IPO Details: Aasaan Loans IPO date is fixed, the IPO is to hit the market on June 19, 2024 and will close on June 21, 2024. Akme Fintrade IPO to raise around ₹132 crores via IPO that comprises fresh issue of ₹132 crores and offer for sale up to [.] equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Akme Fintrade IPO

Table of Contents


Akme Fintrade aka Aasaan Loans is a non-banking finance company (“NBFC”) incorporated in the year 1996 and registered with the Reserve Bank of India as a Non-systemically important non-deposit-taking company with over two decades of lending experience in rural and semi-urban geographies in India. The company is primarily engaged in rural and semi-urban-centric lending solutions to look after the needs and aspirations of the rural and semi-urban populace.


Aasaan Loans portfolio includes Vehicle Finance and Business Finance Products for small business owners. They have a long history of serving rural and semi-urban markets with high growth potential and have maintained a track record of financial performance and operational efficiency through consistently high rates of customer acquisition and retention and low-cost expansion into underpenetrated areas.

Akme Fintrade has footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat through a registered office located at Udaipur, Rajasthan, and a Corporate Office located in 226 Mumbai, Maharashtra, 12 branches and over 25 points of presence including digital and physical branches having served over 2,00,000 customers till date.

The company has a digital lending platform www.aasaanloans.com is going live soon. This digital lending platform has been currently deployed to a select group of users for User Acceptance Testing (UAT), specifically focusing on Two-wheeler finance as the initial phase. The product for loan against property, commercial vehicle financing, and secured business loans, will be introduced in a phased manner.


Objects of the Issue

  • Re-payment or pre-payment, in full or in part, of certain borrowings availed by the Company.
  • Infusion of funds in certain of our Subsidiaries, namely Signatureglobal Homes, Signature Infrabuild, Signatureglobal Developers, and Sternal Buildcon for re-payment or pre-payment, in full or in part, of certain borrowings availed by the Subsidiaries.
  • Inorganic growth through land acquisitions and general corporate purposes.

Akme Fintrade IPO Review (Apply or Not)

  • Avoid

Brokerage Firm IPO Review

  • Swastika Investmart: Neutral

Akme Fintrade (Aasaan Loans) IPO Date & Price Band Details

IPO Open:June 19, 2024
IPO Close:June 21, 2024
IPO Size:Approx ₹132 Crores
Fresh Issue:Approx ₹132 Crores
Face Value:₹10 Per Equity Share
IPO Price Band:₹114 to ₹120 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Akme Fintrade IPO Market Lot

The Akme Fintrade IPO minimum market lot is 125 shares with ₹15,000 application amount. The retail investors can apply up-to 13 lots with 1,625 shares or ₹195,000 amount.

ApplicationLot SizeSharesAmount
Retail Minimum1125₹15,000
Retail Maximum131,625₹195,000
S-HNI Minimum141,750₹210,000
B-HNI Minimum688,375₹1,005,000

Akme Fintrade IPO Allotment & Listing Dates

The Akme Fintrade IPO date is June 19 and the close date is June 21. The Akme Fintrade IPO allotment will be finalized on June 24 and the IPO listing on June 26.

IPO Open Date:June 19, 2024
IPO Close Date:June 21, 2024
Basis of Allotment:June 24, 2024
Refunds:June 25, 2024
Credit to Demat Account:June 25, 2024
IPO Listing Date:June 26, 2024

You can check IPO subscription status and IPO allotment status on their respective pages.

Akme Fintrade (Aasaan Loans) IPO Form

How to apply for the Akme Fintrade IPO? You can apply for Akme Fintrade IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Akme Fintrade IPO in the Invest section. The other option is you can apply for Akme Fintrade IPO via IPO forms downloaded via NSE and BSE. Check out the Akme Fintrade forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


Akme Fintrade Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2021₹86.79₹67.59₹16.31
2022₹67.50₹59.91₹4.12
2023₹69.57₹49.52₹15.80
Dec 2023₹53.45₹38.29₹12.25

Akme Fintrade IPO Valuation – FY2023

Check Akme Fintrade IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹5.85 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):9.25%
Net Asset Value (NAV):₹64.65 per Equity Share

Peer Group

  • NA

Company Promoters

  • NIRMAL KUMAR JAIN
  • MANJU DEVI JAIN
  • DIPESH JAIN
  • NIRMAL KUMAR JAIN HUF

Akme Fintrade IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://bigshareonline.com/

Akme Fintrade IPO Allotment Status Check

Check Akme Fintrade IPO allotment status on Bigshare website allotment URL. Click Here

Akme Fintrade IPO Lead Managers aka Merchant Bankers

  • Gretex Corporate Services Limited

Company Address

Akme Fintrade India Ltd
AKME Business Centre (ABC),
4-5 Subcity Centre, Savina Circle opp
Krishi Upaz Mandi Udaipur,- 313002
Phone: +91- 294-2489501
Email: [email protected]
Website: https://aasaanloans.com/

Akme Fintrade IPO FAQs

What is Akme Fintrade IPO?

Akme Fintrade IPO is a main-board IPO. They are going to raise ₹132 Crores via IPO. The issue is priced at ₹114 to ₹120 pr equity share. The IPO is to be listed on BSE & NSE.

When Akme Fintrade IPO will open?

The IPO is to open on June 19, 2024 for QIB, NII, and Retail Investors.

What is Akme Fintrade IPO Investors Portion?

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

How to Apply the Akme Fintrade IPO?

You can apply for Akme Fintrade IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Akme Fintrade IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Akme Fintrade”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Akme Fintrade IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Akme Fintrade”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Akme Fintrade IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Akme Fintrade”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Akme Fintrade IPO Size?

Akme Fintrade IPO size is ₹132 crores.

What is Akme Fintrade IPO Price Band?

Akme Fintrade IPO Price Band is ₹114 to ₹120.

What is the Akme Fintrade IPO Allotment Date?

Akme Fintrade IPO allotment date is June 24, 2024.

What is the Akme Fintrade IPO Listing Date?

Akme Fintrade IPO listing date is June 26, 2024. The IPO is to list on BSE and NSE.

Note: The Akme Fintrade IPO price band and date are officially announced yet. The IPO grey market premium (Akme Fintrade IPO Premium) will be added to the IPO grey market page as it will start).

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