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 current subscription status of Akme Fintrade India Limited IPO?

Akme Fintrade India Limited IPO has received a total subscription of 54.24 times overall.

IPO GreyPremiumLIVE

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

54.24x

Total Demand

QIB Multiplier

28.12x

Institutions & Funds

NII / HNI

129.79x

High Net-Worth

Retail (RII)

44.14x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 54.24x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	2,090,000	58,762,125	28.12x
NIB	1,567,500	203,452,875	129.79x
HNIs(10L +)	1,045,000	127,026,875	121.56x
HNIs (2-10L)	522,500	76,426,000	146.27x
RETAIL	3,657,500	161,456,250	44.14x
EMPLOYEES	550,000	2,953,875	5.37x
Total	9,432,500	630,078,000	54.24x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 47.20x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	30,800	1,359,512	44.14x
HNIs (10L +)	197	25,569	129.79x
HNIs (2-10L)	943	122,392	129.79x
Total Applications	31,940	1,507,473	47.20x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Akme Fintrade India Limited IPO is ₹16 per equity share. Based on the upper price band of ₹114 to ₹120 per equity share, the estimated listing price is ₹136 (+13.3% expected listing 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, the expected profit per application lot is approx ₹2,000 (+13.3% gain). Minimum application cost is approx ₹15,000.

What is the issue size and price band for Akme Fintrade India Limited IPO?

The Akme Fintrade India Limited IPO aggregate issue size is ₹132 Crores with an equity price band set at ₹114 to ₹120 per equity share. The retail lot size is 125 shares requiring a minimum capital outlay of approx. ₹15,000.

How can I check Akme Fintrade India Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 54.24x (Retail: 44.14x, QIB: 28.12x, NII: 129.79x). You can track live multiples directly on our dedicated subscription page.

Where and when will Akme Fintrade India Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-06-24. Investors can verify status using PAN card or application number.

When is the listing date for Akme Fintrade India Limited IPO?

Akme Fintrade India Limited shares are scheduled to list on NSE and BSE on 2024-06-26.