Business Standard

Akme Fintrade (India) Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

132.00 cr

Price Range (₹)

120

Lot Size

125

Min Investment (₹)

15,000.00

Listing Exchange

MumbaiNSE

Open Date

19-Jun-2024

Close Date

21-Jun-2024

Listing Date

26-Jun-2024

Akme Fintrade (India) Ltd News

    The Shares of Akme Fintrade (India) Ltd have now been listed.

    Akme Fintrade (India) Ltd IPO Details

    Initial public offering of 1,10,00,000^ equity shares of face value of Rs. 10 each (Equity Shares) of Akme Fintrade (India) Limited (The Company or the Issuer) for cash at a price of Rs. 120 per equity share (including a premium of Rs. 110 per equity share) (Issue Price) aggregating up to Rs. 132.00 crores (The Issue). The issue will constitute 25.78 % of the post-issue paid-up equity share capital. The issue includes a reservation of up to 5,50,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 6.60 crores (constituting up to 1.29 of the post-issue paid-up equity share capital) for subscription by eligible employees (Employee Reservation Portion). The issue less the employee reservation portion is hereinafter referred to as the Net Issue. The issue and net issue shall constitute 25.78 % and 24.49 %, respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is 12 times the face value of the equity shares.

    Objective of issue

    Listing of the Equity Shares on the Stock Exchanges.

    Akme Fintrade (India) Ltd Contact Details

    Akme Fintrade (India) Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@aasaanloans.com

    Website - www.aasaanloans.com