Akme Fintrade (India) Limited is a non-banking financial company (NBFC) operating in India. Here is a detailed overview of the company:
Company Overview
- Foundation and Headquarters:
- Founded: 1996
- Headquarters: Udaipur, Rajasthan, India
- Industry Focus:
- Akme Fintrade is focused on providing financial services, particularly in the areas of vehicle loans, small business loans, and personal loans.
- Business Model:
- Vehicle Financing: Providing loans for the purchase of new and used vehicles, including two-wheelers, cars, and commercial vehicles.
- Microfinance: Offering small loans to individuals and businesses to promote financial inclusion.
- Consumer Loans: Extending personal loans for various consumer needs.
Financial Performance
- Revenue Streams:
- Interest income from loans constitutes the primary revenue source.
- Other fees and charges related to loan processing and servicing also contribute to revenue.
- Growth and Expansion:
- Akme Fintrade has shown consistent growth in its loan portfolio and customer base.
- Focus on expanding its branch network and leveraging technology for better service delivery.
Akme Fintrade (India) Limited has established itself as a reliable player in the Indian financial services sector, particularly in the niche of vehicle and small business financing. With a strong focus on customer satisfaction, financial inclusion, and technological integration, the company continues to expand its reach and impact in the financial market.
Akme Fintrade India Ltd IPO (Aasaan Loans IPO) Timetable
| Particular | Date |
| IPO Open Date | 19 June 2024 |
| IPO Close Date | 21 June 2024 |
| Allotment Date | 24 June 2024 |
| IPO Listing Date | 26 June 2024 |
Akme Fintrade India Ltd IPO (Aasaan Loans IPO) Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 114 to Rs. 120 Per Equity Share |
| Market Lot | 125 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 132 Crore. |
Akme Fintrade India Ltd IPO (Aasaan Loans IPO) Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 125 | Rs. 15000 |
| Maximum | 13 | 1625 | Rs. 195000 |
| Small HNI (Minimum) | 14 | 1750 | Rs. 210000 |
| Big HNI (Minimum) | 67 | 8375 | Rs. 1005000 |
Akme Fintrade India Ltd IPO (Aasaan Loans IPO) Allotment Status & IPO forms
Click Here To Check IPO Allotment Status Akme Fintrade India Ltd IPO
Click Here To Get ASBA Forms Akme Fintrade India Ltd IPO
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 966.26 | 845.40 | 835.88 |
| Total Revenue | 614.32 | 470.84 | 513.03 |
| Profit After Tax | 12.97 | 8.2 | 14.21 |
Company Promoters:
The Promoters of the company are Krishan Lalit Bansal, Ashima Bansal and DDE Piping Components Private Limited.
Purpose of the Issue
- Funding working capital requirements of the Company;
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and
- General corporate purposes
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Akme Fintrade India Ltd AKME Business Centre (ABC), 4-5 Subcity Centre, Savina Circle opp Krishi Upaz Mandi Udaipur,- 313002 Phone: +91- 294-2489501 Email: cs@aasaanloans.com Website: https://aasaanloans.com | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
