Akme Fintrade India IPO GMP Today, Price Range and Company Details

Akme Fintrade India Ltd IPO commands ₹36 grey market premium (GMP), priced ₹114 to ₹120 per share with lots of 125 shares. Subscription window open from June 19 to June 21, 2024.
Akme Fintrade India IPO GMP Today, Price Range and Company Details

As of June 18, 2024, Akme Fintrade India Ltd IPO has ₹36 as Grey Market Premium, with a price range of ₹114 to ₹120 per share. Offering lots of 125 shares, the subscription window is open from June 19 to June 21, 2024.

Akme Fintrade India IPO GMP Today

The Grey Market Premium (GMP) for Akme Fintrade India Limited is ₹36 as of June 18, 2024. This assessment coincides with a price of ₹114 to ₹120  per share for the IPO.

Akme Fintrade India IPO Review

Akme Fintrade India Limited’s revenue increased from ₹6,744.13 lakhs in March 2022 to ₹6,951.37 lakhs in March 2023 but fell short at ₹5,340.49 lakhs for the current 9-month period ending December 2023. Equity steadily grew, indicating potential expansion. Profitability significantly improved with profit after tax rising from ₹412.07 lakhs to ₹1,224.66 lakhs.

The company’s return on net worth escalated from 3.09% to 5.81%, showcasing better utilization of shareholder equity. The diluted earnings per share rose from ₹1.68 to ₹3.87. The financial position appears promising with higher revenue of ₹6,951.37 lakhs, profitability, and equity, despite the current period’s revenue dip. 

To get a full IPO review, click here Akme Fintrade India Limited IPO Review

Akme Fintrade India Limited IPO Date

Akme Fintrade India Limited will start accepting subscriptions from June 19, 2024 to June 21, 2024

Akme Fintrade India Limited IPO Price

Akme Fintrade India Limited’s price range is ₹114 to ₹120 per share with a face value of ₹10 each.

Akme Fintrade India Limited

Akme Fintrade India Limited, an NBFC since 1996, offers vehicle and business financing in rural and semi-urban India, leveraging over two decades of experience for high growth, financial performance, and operational efficiency in underpenetrated areas. They are currently testing aasaanloans.com for two-wheeler finance and plan to expand into other loan products, ensuring robust credit standards. Operating in four states with 12 branches and 25 points of presence, they serve over 200,000 customers.

How To Apply For Akme Fintrade India Ltd IPO?

To apply for the Akme Fintrade India Limited IPO  through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Akme Fintrade India Limited on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Akme Fintrade India Limited IPO at Alice Blue in just a few clicks!

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