Akme Fintrade India Ltd was incorporated in 1996 . Akme Fintrade India Ltd IPO subscription opens from 19 June 2024 and issue closes on 21 June 2024. IPO Face value is Rs.10 per share. IPO Issue bid size is between Rs.114 to Rs.120 per share. The minimum lot size is 125 shares per lot. This is a Book Built Issue IPO.
- Akme Fintrade total Issue Size is, 11,000,000 shares and company wants to aggregate up to ₹ 132.00 Cr.
- This IPO is Listing at NSE BME, on 26 June 2024.
Gretex Corporate Services Limited is serving as the book running lead manager for the Aasaan Loans IPO, with Bigshare Services Pvt Ltd acting as the issue’s registrar.
Akme Fintrade IPO Timeline :
- Akme Fintrade IPO issue opens on 19 June and closes on 21 June 2024.
- Cut Off Time of UPI Payment is, Friday by 5pm on 21 June 2024.
- IPO Issue Basis of Allotment is, 24 June 2024.
- Who did not get the allotment of shares, Refunds Initiation begins from 25 June 2024.
- Who got the allotment, Shares will be Credited in their Demat Account by 25 June 2024.
- Finally IPO lists on 26 June 2024. This was the IPO timeline of Akme Fintrade IPO.
Akme Fintrade IPO Reservations for Investor Categories :
QIB Investors Shares Offered Not more than 50% of the Net Issue.
Retail Investors Offered Not less than 35% of the Net Shares Issue.
NII (HNI) Investors Offered Shares Not less than 15% of the Net Issue.
Akme Fintrade IPO Lot Size Minimum to Maximum allotment for Investors :
- Retail Investor can apply for Minimum, 1 lot which has 125 shares and investing amount ₹ 15000.
- Retail Investor Maximum apply for 13 lot,1625 shares, amount ₹ 210,000.
- Small HNI Investor Minimum 14 lot, 1750 shares, amount ₹ 210,000.
- Small HNI Investor Maximum applies for 66 lot, 8250 shares, and amount ₹ 990,000.
- Big HNI Minimum applies for 68 lot, 8375 shares, and amount ₹ 1,005,000.
An Intro About Akme Fintrade :
Established in 1996, Akme Fintrade India Ltd is a non-banking financial company (NBFC) with more than 20 years of experience in providing lending services to rural and semi-urban areas in India.
The company primarily offers lending solutions designed to meet the needs and aspirations of rural and semi-urban populations. Its product portfolio includes Vehicle Finance and Business Finance Products for small business owners.
Operating in rural and semi-urban regions across four Indian states—Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat—the company has its registered office in Udaipur, Rajasthan, and its corporate office in Mumbai, Maharashtra. With 12 branches and over 25 points of presence, both digital and physical, it has served over 200,000 customers.
Akme Fintrade India Ltd 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.
As of December 31, 2023, the company employs 125 permanent staff members, focusing on their overall welfare.
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How to apply for Akme Fintrade IPO Subscription ?
There are some simple steps to follow
- First go to your brokers website and login there
- 2nd after login see the IPO section and click there
- 3rd click the Akme Fintrade IPO Service Bid button here
- 4th enter and confirm your UPI id here, Fill quantity and price than submit this application form.
- 5th Now visit your UPI app page and approve the amount transaction.
- 6th Now Finally IPO Bidding process is completed. Now you have subscribed for this IPO application.