Akme fintrade IPO details, Date, Price, GMP, Review, Details

Akme fintrade IPO Details Today :Akme fintrade  IPO Details Today (IPO) is Open on 19 June 2024 and Close on 21 June 2024. Akme fintrade IPO to Raise 1,10,00,000 shares ( up to ₹132.00 ) via IPO. The Fresh issue of 1,10,00,000 shares ( up to ₹132.00 ). 

We are a non-banking finance company (“NBFC”) incorporated in the year 1996 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.We are primarily engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace. Our portfolio includes Vehicle Finance and Business Finance Products to small business owners.

We 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. Therefore, we strategically focus on clients in the rural and semiurban sector.

Our IT team is actively engaged in developing the product for loan against property, commercial vehicle financing, and secured business loans, We have our footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat through registered office located at Udaipur, Rajasthan.

our 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.

Our Key Borrowers.

1. Individuals
2. Small business owners.

Our Products We operate two principal lines of business, namely.

1. Vehicle financing, comprising of Used Commercial Vehicle, 2 Wheeler Loans, Used 2 Wheeler Loans.

2. Business Finance to small business owners and SME/MSME business owners.

Akme fintrade IPO Date & Price Band Details

Akme fintrade IPO Market Lot Details

Object of the Issue

1.  Working Capital Requirements.
2.  General Corporate Purposes.

Akme fintrade IPO Allotment & Listings (Details)

Akme fintrade Financial Reports

Our Company Promoters

1. Mr. Nirmal Kumar Jain
2. Ms. Manju Devi Jain
3. Mr. Dipesh Jain
4. Nirmal Kumar Jain (HUF)

Qualitative Factors

•  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.

Akme fintrade Comparison Listed Industry Peers Group

Comparison with Listed Industry Peers

1. Akme Fintrade (India) Limited.
2. MAS Financial Services Limited.
3. Shriram Finance Limited.
4. Cholamandalam Investment & Finance Company Limited.
5. Arman Financial Service Limited.
6. CSL Finance Limited.

Akme fintrade Company Contact Details

4-5 Subcity Centre,
Savina Circle opp. Krishi Upaz Mandi Udaipur,
Rajasthan 313002
Tel No: 0294-2489501-02
Email: cs@aasaanloans.com
Website: www.aasaanloans.com

Akme fintrade IPO Registrar

Big Share Services Private Limited
S6-2, 6th Pinnacle Business Park, Mahakali Caves Road,
Next to Ahura Centre, Andheri East, Mumbai –400093,
Maharashtra, India
Tel: +91 22 6263 8200
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bighshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Babu Rapheal C