Akme Fintrade India Ltd IPO

Akme Fintrade India Ltd IPO (Aasaan Loans IPO)

Akme Fintrade (India) Limited is a non-banking financial company (NBFC) operating in India. Here is a detailed overview of the company:

Company Overview

  1. Foundation and Headquarters:
    • Founded: 1996
    • Headquarters: Udaipur, Rajasthan, India
  2. Industry Focus:
    • Akme Fintrade is focused on providing financial services, particularly in the areas of vehicle loans, small business loans, and personal loans.
  3. Business Model:
    • Vehicle Financing: Providing loans for the purchase of new and used vehicles, including two-wheelers, cars, and commercial vehicles.
    • Microfinance: Offering small loans to individuals and businesses to promote financial inclusion.
    • Consumer Loans: Extending personal loans for various consumer needs.

Financial Performance

  1. Revenue Streams:
    • Interest income from loans constitutes the primary revenue source.
    • Other fees and charges related to loan processing and servicing also contribute to revenue.
  2. Growth and Expansion:
    • Akme Fintrade has shown consistent growth in its loan portfolio and customer base.
    • Focus on expanding its branch network and leveraging technology for better service delivery.

Akme Fintrade (India) Limited has established itself as a reliable player in the Indian financial services sector, particularly in the niche of vehicle and small business financing. With a strong focus on customer satisfaction, financial inclusion, and technological integration, the company continues to expand its reach and impact in the financial market.

Akme Fintrade India Ltd IPO (Aasaan Loans IPO) Timetable

IPO Open Date19 June 2024
IPO Close Date21 June 2024
Allotment Date24 June 2024
IPO Listing Date26 June 2024

Akme Fintrade India Ltd IPO (Aasaan Loans IPO) Details

Issue TypeBook Built Issue IPO
Face ValueRs. 10 Per Equity Share
IPO PriceRs. 114 to Rs. 120 Per Equity Share
Market Lot125 Share
Listing AtNSE & BSE
Issue SizeApprox. Rs. 132 Crore.

Akme Fintrade India Ltd IPO (Aasaan Loans IPO) Lot Size

Minimum1125Rs. 15000
Maximum131625Rs. 195000
Small HNI (Minimum)141750Rs. 210000
Big HNI (Minimum)678375Rs. 1005000

Akme Fintrade India Ltd IPO (Aasaan Loans IPO) Allotment Status & IPO forms

Click Here To Check IPO Allotment Status Akme Fintrade India Ltd IPO

Click Here To Get ASBA Forms Akme Fintrade India Ltd IPO

Company Financials:

Particular31 March 202331 March 202231 March 2021
Total Assets966.26845.40835.88
Total Revenue614.32470.84513.03
Profit After Tax12.978.214.21
for accurate figures follow the company financials.

Company Promoters:

The Promoters of the company are Krishan Lalit Bansal, Ashima Bansal and DDE Piping Components Private Limited.

Purpose of the Issue

  • Funding working capital requirements of the Company;
  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and
  • General corporate purposes

Registrar & Company Details

Company Contact InformationIPO Registrar
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: cs@aasaanloans.com
Website: https://aasaanloans.com
Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

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