Akme Fintrade India Ltd IPO
Aasaan Loans is powered by Akme Fintrade India Limited (AFIL). Akme Fintrade India Limited (AIFL) has a legacy of 25 years in traditional lending services, with presence in Rajasthan, Maharashtra, Madhya Pradesh, Gujarat – 20 physical branches 4 states with 24 points of presence having served over 200,000 customers till date. Aasaan Loans believes in assisting small businesses in growing by providing loans to those with potential and intent. Many such businesses have little or no access to capital from traditional banks and other financial institutions, or they lack either collateral or a financial data trail to obtain loans.
| Issue Open | 19-06-2024 |
| Issue Close | 21-06-2024 |
| Allotment Date | 24-06-2024 |
| Listing Date | 26-06-2024 |
| IPO Price Band | ₹114 to ₹120 |
| Minimum Share Bid | 125 |
| Minimum Investment Amount | ₹15000 |
| Total Issue Size | 1,10,00,000 shares (up to ₹132 Cr) |
| Fresh Issue | 1,10,00,000 shares (up to ₹132 Cr) |
| Offer For Sale | - |
| Face Value | ₹10 Per Share |
| Employee Discount | - |
| Qualified Institutional Buyer [QIB] | 50% |
| High Networth Individual [HNI] | 15% |
| Retail Individual Investor [RII] | 35% |
| Listed on | NSE BSE |
| Listing Date | 26-06-2024 |
| BSE Code | 544200 |
| NSE Code | AFIL |
| ISIN Code | INE916Y01019 |
| IPO Price | ₹ 120 |
| Lot Size | 125 |
| Expected Listing Price | ₹ 130 to ₹ 145 |
| Book Profit | ₹ 155 |
| Stop Loss | ₹ 110 |
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| Financial Year | Total Asset | Total Revenue | Total Expenses | Profit |
|---|---|---|---|---|
| FY-2021 | 455.4 | 86.79 | 67.58 | 16.31 |
| FY-2022 | 374.01 | 67.5 | 59.91 | 4.12 |
| FY-2023 | 390.5 | 69.57 | 49.52 | 15.8 |
| 31-12-2023 | 417.96 | 53.45 | 38.28 | 12.25 |
| Earnings Per Share [EPS] | ₹ 3.87 |
| Price/Earnings [P/E] Ratio | - |
| Return on Net Worth [RoNW] | 5.81 % |
| Net Asset Value [NAV] | ₹ 64.65 Per Share |
| Application | Lot Size | Shares | Total Amount |
|---|---|---|---|
| Retail Min | 1 | 125 | ₹ 15,000 |
| Small HNI | 14 | 1,750 | ₹ 2,10,000 |
| Big HNI | 67 | 8,375 | ₹ 10,05,000 |
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