Akme Fintrade (India) Limited IPO

BSE, NSEClosed

Check Allotment

Jun 19, 2024Open Date

Jun 21, 2024Close Date

TBAAllotment Date

TBAListing Date

Grey Market Premium (GMP)

GMP (₹)

+₹15

GMP (%)

13.16%

Expected listing at ₹129.00 (based on issue price ₹114)

Subscription Details

View Subscription Details

QIB28.12x

Retail42.98x

NIIs (Non-Institutional Investors)Main Category

129.17x

↳ NII Sub-Categories

sHNI (< ₹10L)

Bids ₹2L to ₹10L

144.40x

bHNI (> ₹10L)

Bids above ₹10L

121.56x

Overall Subscription

Total Bids Received

54.57x

Updated: 10 Jul, 06:09 pm

Akme Fintrade (India) Limited IPO Issue Details

Issue Price₹114-120 Per Equity Share

Face Value₹10 Per Equity Share

Fresh Share1,10,00,000 shares(aggregating up to ₹132 crore)

Listing AtBSE, NSE

RegistrarBigshare Services Pvt Ltd

Market Lot Details

Category	Lots	Shares	Amount
sHNI (Min)	14	1,750	₹2,10,000
sHNI (Max)	66	8,250	₹9,90,000
bHNI (Min)	67	8,375	₹10,05,000

Reservation Details

Category	Shares Offered	%
NII	15,67,500	14.25%
QIB	20,90,000	19%
Anchor	31,35,000	28.5%

Valuations

EPS (Pre-IPO)

3.87

RoNW

5.81%

PAT Margin

22.93%

Financial Information (₹ in Crores)

Metric	FY 23	FY 22	FY 21
Total Assets	390.5	374.01	455.4
Total Revenue	69.57	67.5	86.79
Profit After Tax	15.8	4.12	16.31
Net Worth	204.78	136.84	130.26

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

1The company proposes to utilize the Net Proceeds from the Issue towards augmenting the capital base of the company to fulfil its future capital requirements, which are anticipated to arise as a result of the expansion of the business and assets. Further, a portion of the proceeds from the Issue will be used towards meeting Issue-related expenses.