What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Akme Fintrade India Limited IPO?

Based on the upper price band of ₹120 and current GMP of ₹16, the estimated listing price is ₹136 (approx. 13.3% gain).

What is the expected profit per lot for Akme Fintrade India Limited IPO?

With a lot size of 125 shares and current GMP of ₹16, expected profit per retail application lot is approximately ₹2,000.

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Grey Market Intelligence

Akme Fintrade India Limited

ListedMainboard

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

₹16

+13.3%

Est. Listing

₹136

at current GMP

Subscribed

54.24x

overall

Open

19 Jun 2024

21 Jun 2024

Allotment

24 Jun 2024

Refund

25 Jun 2024

Demat Credit

26 Jun 2024

Listing

26 Jun 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Akme Fintrade India Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹16+13.3%

Issue Price (Upper)

₹120

Band: ₹114 – ₹120

Estimated Listing Price

₹136

Upper price + GMP

Lot Size

125 shares

Min investment ₹15,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹16	13.3%	₹136
30 Oct 2026	+₹16	13.3%	₹136
29 Oct 2026	+₹14	12.0%	₹134

About Akme Fintrade India Limited Public Issue & Market Profile

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.

Public Issue & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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.

Frequently Asked Questions

What is Akme Fintrade India Limited IPO GMP today?

The latest grey market premium for Akme Fintrade India Limited IPO is ₹16, which indicates an expected listing price of ₹136.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.