Issue Price
₹114- ₹120
per equity share
Issue Size
78.65 lakhs
equity share
Face Value
₹
per equity share
Market Lot
125
equity share
Please note
Listing at BSE ,NSE
AKME FINTRADE (INDIA) LIMITED
Important Dates
IPO Open Date
19 Jun 2024
IPO Close Date
21 Jun 2024
Allotment Date
24 Jun 2024
Initiation of Refunds
25 Jun 2024
Credit of Shares to Demat Account
25 Jun 2024
IPO Listing Date
26 Jun 2024
UPI Mandate Expiry Date
21 Jun 2024
IPO Details
Akme Fintrade India Limited (Aasaan Loans IPO) is open for subscription starting Wednesday, June 19, 2024, and closing on Wednesday, June 21, 2024. The price is decided at Rs 114 to Rs 120 per share. The minimum lot size for the retail category is 125 shares. The minimum lot size for small NII is 14 lots consisting of 1,750 shares. Meanwhile, the minimum lot for big non-institutional investors is 67 lots with 8,375 shares. The minimum investment required for retail category investors is Rs 15,000 ( 120 x 125 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,10,000 (120 x 1,750 shares); for big non-institutional investors, it is Rs 10,05,000 (120 x 8,375 shares). Aasaan Loans IPO is a book-built issue of Rs 132 crores. This issue is entirely a fresh issue of 1.1 crore equity shares. The allotment for this IPO is expected to be finalised on Monday, June 24, 2024. Aasaan Loans Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, June 26, 2024. The book-running lead managers of Aasaan Loans Limited are Gretex Corporate Services. The registrar for this new IPO is Bigshare Services Private Limited.
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Check Allotment StatusAbout AKME FINTRADE (INDIA) LIMITED
Akme Fintrade India Limited founded in 1996, is a non-banking financial services company. It provides loans in the rural and semi-urban areas of india. The company mainly lends to the rural and semi-urban populations of the country to fulfil the needs. The company mainly operates in four Indian states - Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. Akme Fintrade has a registered office in Udaipur, Rajasthan. They had a corporate office registered in Mumbai, Maharashtra. It has 12 branches and over 25 points of presence, including digital and physical branches, it has served over 200,000 customers. Akme Fintrade India also 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. Presently, the company has a team of 125 permanent employees and prioritises welfare and growth.
Parent Organisation
-
Founded
1996
Managing Director
Nirmal Kumar Jain
IPO Objectives
The net funds received from this public offer will be used to increase the company's capital base to fulfil future capital requirements. Additionally, the funds are utilised for the business expansion. A small portion of the proceeds will also be used to meet the issue-related expenses.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
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PAN Card | Aadhaar Card | Bank Account Number
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