
Financial Services / NBFC · NSE / BSE
Akme Fintrade India Ltd is a non-banking financial company (NBFC) established in 1996, with over 20 years of experience in offering customized loans to people in rural and semi-urban areas of India. The company mainly provides Vehicle Finance and Business Finance solutions, especially for small business owners. Akme Fintrade operates in Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat, with its head office in Udaipur, Rajasthan, and corporate office in Mumbai, Maharashtra. It has 12 branches and over 25 service points, offering both physical and digital services, and has served more than 2 lakh customers so far. The company provides loans for purchasing new two-wheelers and three-wheelers like scooters, bikes, and auto rickshaws, supporting both salaried individuals and self-employed people. As of December 31, 2023, Akme Fintrade employs 125 permanent staff members and prioritizes their overall well-being.
Price Band
₹114 – ₹120
Issue Size
₹132 Cr
Lot Size
125 shares
GMP
+13.3%
Est. Listing
₹136
at current GMP
Subscribed
54.24x
overall
Open
19 Jun 2024
Close
21 Jun 2024
Allotment
24 Jun 2024
Refund
25 Jun 2024
Demat Credit
26 Jun 2024
Listing
26 Jun 2024
Designated Registrar: Bigshare Services Private Limited
Allotment Date
24 Jun 2024
Basis finalization
Refunds Initiate
25 Jun 2024
Mandate release
Demat Credit
26 Jun 2024
Shares in demat
Listing Debut
26 Jun 2024
Trading begins
Akme Fintrade India Limited is bringing an initial public offering (IPO) in the Financial Services / NBFC sector with an aggregate issue size of ₹132 Crores. The shares are offered at a price band of ₹114 to ₹120 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-06-21, the basis of allotment is scheduled to be finalized on 2024-06-24. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.