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 |
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