Akme Fintrade (India) Ltd. IPO

Akme Fintrade India Limited, also known as Aasaan Loans, is a rural and semi-urban focused NBFC with over 20 years of experience. They offer vehicle and business loans to meet the needs of this growing market. Aasaan Loans leverages technology to expand their reach, with a digital lending platform currently under development for a phased rollout. They aim to provide financial access to those previously underserved by traditional lenders.

RHP
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DRHP
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Open Date

2024-06-19

Close Date

2024-06-21

Company Financials

You can get the following financial statements of Akme Fintrade (India) Ltd. as of now.

Subscription Details

The details about the Akme Fintrade India Limited IPO (Aasaan Loans IPO) is as:

  • The issue size of the IPO is 132 Cr.
  • The price band for Akme Fintrade India Limited IPO (Aasaan Loans IPO) is Rs 114 to Rs 120.
  • The shares of Akme Fintrade India Limited IPO (Aasaan Loans IPO) will list on 26th June 2024.
  • The latest tentative GMP of Akme Fintrade India Limited IPO (Aasaan Loans IPO) is Rs 45.
  • The shares of Akme Fintrade India Limited IPO (Aasaan Loans IPO) is subscribed 54.49 Times as of 21st June 2024. 

 

Akme Fintrade India Limited IPO (Aasaan Loans IPO) Valuation

The approx valuation of Akme Fintrade India Limited IPO (Aasaan Loans IPO) based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 120
Existing Shares (Qty) 3.16 Cr
Fresh Issue 132 Cr
Market Cap 511.2 Cr
EPS (FY23) Rs 5.85
PE Ratio 20.51x
Industry PE 23.68x

 

Akme Fintrade India Limited IPO (Aasaan Loans IPO) Issue Size

Akme Fintrade India Limited IPO (Aasaan Loans IPO) issue size is 132 Cr

Issue Amount
Fresh Issue 132 Cr
Offer For Sale 0 Cr

 

Akme Fintrade India Limited IPO (Aasaan Loans IPO) Market Lot

An Individual can apply for a minimum 1 lot of 125 shares and a maximum of 13 lots of 1625 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 125 15,000
 Maximum 13 1625 1,95,00

 

Akme Fintrade India Limited IPO (Aasaan Loans IPO) share offer

The shares of Akme Fintrade India Limited IPO (Aasaan Loans IPO) is subscribed 54.49 Times as of 21st June 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 28.12 Times
Non-Institutional Minimum 15% 129.98 Times
Retail Individual Minimum 35% 44.58 Times
Employee 5,50,000 Shares 5.42 Times
Total   54.49 Times

Allotment Details

Find below the dates for Akme Fintrade India Limited IPO (Aasaan Loans IPO):

Schedule Date
Basis of Allotment 24 June 2024
Refunds 25 June 2024
Credit to Demat Account 25 June 2024
IPO Listing Date 26 June 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023
Other Income 2.11 2.2 0.06 0.05
Interest 55.62 48.04 35 27.65
Exceptional Items 0 0 0 0
Profit Before Tax 26.42 19.21 7.59 20.05
Tax 7.96 2.9 3.47 4.24
Adjusted EPS (Rs.) 0.76 0.67 0.17 0.5

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 21.67 21.82 21.82 31.68
Total Reserves 88.38 108.45 115.03 173.11
Borrowings 287.47 203.72 126.97 75.43
Other N/C liabilities -0.56 -1.99 -0.99 -1.49
Current liabilities 118.06 121.41 110.2 110.29
Total Liabilities 515.02 453.41 373.03 389.01
Assets
Net Block 7.27 6.95 6.27 18.94
Capital WIP 0 0 0 0
Intangible WIP 0 0 0 0
Investments 2.4 0.2 0.2 0.2
Other N/C Assets 0 0 0 0
Current Assets 32.49 33.42 23.69 24.3
Total Assets 515.02 453.41 373.03 389.01
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024
Other Income 0
Interest Expended 7.64
Operating Expenses 3.7
Total Provisions 0
Profit Before Tax 8.6
Tax 2.31
Net Profit 6.28
Adjusted EPS (RS) 1.98

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2024 41.57 0
* Figures given above are % of equity capital
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