Akme Fintrade India Ltd IPO
Company Overview: Akme Fintrade India Ltd. (AFIL) is a non-banking financial company (NBFC) incorporated in 1996. Registered with the Reserve Bank of India as a non-systemically important non-deposit-taking company, AFIL has over two decades of experience in providing lending solutions. The company primarily focuses on rural and semi-urban geographies in India, catering to the financial needs and aspirations of these populations. Company Operations:
Focus Areas: Rural and semi-urban lending solutions
Operational States: Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat
Registered Office: Udaipur, Rajasthan
Corporate Office: Mumbai, Maharashtra
Network: 12 Branches
Over 25 Points of presence (including digital and physical branches)
Over 200,000 customers served
Product Portfolio:
Vehicle Finance:
Loans for purchasing vehicles, particularly for individuals and small businesses in rural and semi-urban areas. Finances the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto rickshaws, for salaried professionals and self-employed non-professionals.
Business Finance:
Financial products aimed at small business owners, offering capital needed for business growth and operations.
Akme Fintrade India: Key IPO Details IPO Dates: 19 to 21 June, 2024
Price Band: ₹114 to ₹120 per share
Lot Size: 125 shares
Total Issue Size: ₹132 Crores
Retail Quota: 35%
GMP: 35% (for informational purposes only)
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