AKME Fintrade is a Non-Banking Finance Company providing loans in the semi-urban and rural areas of India. The company primarily offers vehicle finance and business finance products to small business owners.
The company has its footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat through registered office located at Udaipur, Rajasthan, Akme Fintrade Corporate Office located in Mumbai, Maharashtra, 12 branches and over 25 points of presence including digital and physical branches having served over 2,00,000 customers till date.
On the financial front, the lender managed an AUM of Rs.323.98 Crore on September 30, 2022. During the period, the net worth was Rs.151.45 Crore. AKME Fintrade recorded GNPA and NNPA of 4.87 % and 3.84%.
The company has 125 permanent employees as of December 31, 2023, and prioritizes their overall welfare.
Akme Fintrade IPO – Details
| IPO Opening Date | 19 June 2024 |
| IPO Closing Date | 21 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,10,00,000 Shares Worth ₹132.00 Crore Fresh Issue: 1,10,00,000 Shares Worth ₹132.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹114 – ₹120 |
| Market Lot | 125 Shares |
| Min Order | 125 Shares ( 1 Lot ) |
| Listing At | BSE, NSE |
| Register | Bigshare Services Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Akme Fintrade IPO – Date Schedule
| IPO Open Date | 19 June 2024 |
| IPO Close Date | 21 June 2024 |
| Basis of Allotment Date | 24 June 2024 |
| Initiation of Refund | 25 June 2024 |
| Credit of Shares to Demat Account | 25 June 2024 |
| IPO Listing Date | 26 June 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 21, 2024 |
Akme Fintrade IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1,625 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,750 | ₹2,10,000 |
| S-HNI (Max) | 66 | 8,250 | ₹9,90,000 |
| B-HNI (Min) | 67 | 8,375 | ₹10,05,000 |
Competitive Strengths
- Proven execution capabilities with a strong rural focus;
- Well established Vehicle Finance, small businesses lending business;
- Stable and experienced management team;
- Customer centric approach and deep understanding of target customers;
- Access to Diversified Sources of Capital and Effective Asset Liability Management;
- Robust underwriting process and risk management policies;
- Hub and Spoke business model that improves efficiencies and decreases costs.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 86.17 | 67.58 | 16.30 | 195.18 |
| 31 March 2022 | 67.44 | 59.91 | 4.12 | 177.76 |
| 31 March 2023 | 69.51 | 49.52 | 15.80 | 230.06 |
| 31 December 2023 | 53.40 | 38.28 | 12.24 | 317.82 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 5.64% |
| Debt/Equity | 2.49 |
| RoNW | 5.81% |
| PAT Margin (%) | 22.93 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.87 | – |
| P/E (x) | – | – |
Object Of The Issue
- Augmenting the capital base of our Company.
Akme Fintrade IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | MAS Financial Services Limited | 26.47 |
| 2 | 10 | Shriram Finance Limited | 14.73 |
| 3 | 2 | Cholamandalam Investment and Finance Company Limited | 33.52 |
| 4 | 10 | Arman Financial Service Limited | 20.99 |
| 5 | 10 | CSL Finance Limited | 22.70 |
Akme Fintrade IPO Promoter Holding
| Pre Issue Share Holding | 56.01% |
| Post Issue Share Holding | 41.57% |
Akme Fintrade IPO Prospectus
Company Contact Information
| Akme Fintrade (India) Limited AKME Business Centre (ABC), 4-5 Subcity Centre, Savina Circle opp. Krishi Upaz Mandi Udaipur, Rajasthan – 313002 Phone: +91- 294-2489501-02 Email: cs@aasaanloans.com Website: www.aasaanloans.com |
Akme Fintrade IPO Registrar
| Bigshare Services Private Limited Phone: +91 22 6263 8200 Email: ipo@bigshareonline.com Website: https://ipo1.bigshareonline.com/IPO_Status.html |
Akme Fintrade IPO Lead Manager(s)
| 1. Gretex Corporate Services Limited |
Akme Fintrade IPO FAQs
| What is Akme Fintrade IPO? Akme Fintrade IPO is a main-board IPO. The issue is priced at ₹114 to ₹120 per equity share. The IPO is to be listed on BSE & NSE. |
| When Akme Fintrade IPO will open? The IPO is to open on 19 June 2024 for QIB, NII, and Retail Investors. |
| What is Akme Fintrade IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Akme Fintrade IPO? You can apply 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 Angle One? Log in to Angle One 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 Angle One. |
| How to Apply the Akme Fintrade IPO through 5 Paisa? Log in to 5 Paisa 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 5 Paisa. |
| How to Apply the Akme Fintrade IPO through Upstox? Log in to 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 IIFL? Log in to IIFL 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 IIFL. |
| What is Akme Fintrade IPO Size? Akme Fintrade IPO size is ₹132.00 Crore. |
| What is Akme Fintrade IPO Price Band? Akme Fintrade IPO Price Band is ₹114 to ₹120. |
| What is Akme Fintrade IPO Minimum and Maximum Lot Size for retail? The minimum bid is 125 Shares with ₹15,000 amount while the maximum bid is 1,625 Shares with ₹1,95,000. |
| What is the Akme Fintrade IPO Allotment Date? Akme Fintrade IPO allotment date is 24 June 2024. |
| What is the Akme Fintrade IPO Listing Date? Akme Fintrade IPO listing date is 26 June 2024. The IPO is to list on BSE and NSE. |
