Akme fintrade IPO Subscription Status: Akme fintrade 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 ).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
Akme fintrade IPO is an Mainline IPO and Listed on BSE & NSE. Akme fintrade IPO Price Band is Fixed at ₹120 Equity Share. Akme fintrade IPO Lot Size is 125 Shares.
About Akme fintrade IPO :
- Akme fintrade 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.
Akme fintrade IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 20,90,000 | 5,87,62,125 | 28.12 |
| Non Institutional Buyers (NIIs) | 15,67,500 | 20,37,43,250 | 129.17 |
| BNII | 10,45,000 | 12,70,26,875 | 121.56 |
| SNII | 5,22,500 | 7,67,16,375 | 144.40 |
| Retail Individual Buyers (RIIs) | 36,57,500 | 16,30,66,125 | 42.98 |
| Anchor Investor | 31,35,000 | 31,35,000 | 1 |
| Employee | 5,50,000 | 29,78,250 | 5.42 |
| Total | 78,65,000 | 42,85,49,750 | 53.57 |
Akme fintrade Subscription Status day-by-day-
| Categories | 19 June | 20 June | 21 June |
|---|---|---|---|
| QIB | 0.02 | 0.17 | 28.12 |
| NII | 5.13 | 22.28 | 129.17 |
| RII | 2.26 | 15.31 | 42.98 |
| Total | 2.12 | 11.72 | 53.57 |
Akme fintrade Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
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