| Company Name | Akme Fintrade India Ltd |
| Open Date | 19-06-2024 |
| Close Date | 21-06-2024 |
| Exchange | BSE, NSE |
| Lot Size | 125 Shares |
| Issue Price | ₹114 to ₹120 per share |
| Issue Size | 1,10,00,000 shares |
| Application Amount | Min. Inv. - ₹ 15,000 (125 shares) Max. Inv. – ₹ 1,95,000 (1625 shares) |
| Recommendation | Avoid |
Akme Fintrade India Limited was incorporated in the year 1996 and has its registered office in Udaipur, Rajasthan. Akme Fintrade India Limited is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India as a Non-systemically important non-deposittaking company with over two decades of lending experience in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat. The company focuses on vehicle financing and loans to small businesses and SMEs. The company as of December 31, 2023, has 125 employees on its payroll.
| For the Period Ended | Mar-21 | Mar-22 | Mar-23 | Dec-23 |
| Total Assets | 455.40 | 374.01 | 390.50 | 417.96 |
| Net Assets | 130.26 | 136.84 | 204.78 | 217.01 |
| Total Borrowings | 317.82 | 230.06 | 177.76 | 195.19 |
| Total Revenue | 86.79 | 67.50 | 69.57 | 53.45 |
| Profit After Tax | 16.30 | 4.12 | 15.80 | 12.25 |
| Opening Date | 19/06/2024 |
| Closing Date | 21-06-2024 |
| Basis of Allotment | 24-06-2024 |
| Initiation of Refunds | 25-06-2024 |
| Credit of Shares to Demat | 25-06-2024 |
| Listing Date | 26-06-2024 |
| To fulfil its future capital requirements arising out of expansion of business and assets. |
| To meet Issue related expenses |
| Registered Office | Akme Fintrade India Ltd AKME Business Centre (ABC), 4-5 Subcity Centre, Savina Circle opp Krishi Upaz Mandi Udaipur,- 313002 |
| Phone | +91- 294-2489501 |
| cs@aasaanloans.com | |
| Website | https://aasaanloans.com/ |
| Aasaan Loans IPO DRHP |
| Aasaan Loans IPO RHP |
| Name | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Share Holding Pre Issue (Promoters) | 56.01% |
| Share Holding Post Issue (Promoters) | 41.57% |