Issue Price
₹120
Per Share
GMP
NIL
Grey Market
Est. Listing
₹120
Expected Price
Min. Application
₹30,000
2 lots × 125 shares
Incorporated in 1996, Akme Fintrade India Ltd is a non-banking financial company (NBFC) with over 20 years of experience in lending to rural and semi-urban areas in India.The company mainly provides lending solutions tailored to the needs and aspirations of rural and semi-urban populations. Its portfolio comprises Vehicle Finance and Business Finance Products for small business owners.The company operates in rural and semi-urban areas across four Indian states - Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. It has a registered office in Udaipur, Rajasthan, and a Corporate Office in Mumbai, Maharashtra. With 12 branches and over 25 points of presence, including digital and physical branches, it has served over 200,000 customers.The company 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.The company has 125 permanent employees as of December 31, 2023, and prioritizes their overall welfare.
Akme Fintrade (India) Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 11,000,000 | 100.00% | ₹132.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1,625 | ₹195,000 |
| sNII (Min) | 14 | 1,750 | ₹210,000 |
| bNII (Min) | 68 | 8,500 | ₹1,020,000 |
| Particulars | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 53.45 | 69.57 | 67.50 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 12.25 | 15.80 | 4.12 |
| Net Worth | 217.01 | 204.78 | 136.84 |
| Total Assets | 417.96 | 390.50 | 374.01 |
| Reserves & Surplus | 185.34 | 173.11 | 115.03 |
| Total Borrowings | 195.19 | 177.76 | 230.06 |