Akme Fintrade Makes a Steady Market Entry, Gains Over 5%, lists at ₹127 and ₹125.70 on NSE and BSE!Akme Fintrade Makes a Steady Market Entry, Gains Over 5%, lists at ₹127 and ₹125.70 on NSE and BSE!

Akme Fintrade made a modest debut on the stock market, opening at ₹127 on NSE, a 5.83% increase from the issue price of ₹120. On BSE, shares began trading at ₹125.70, marking a 4.75% rise.

Akme Fintrade’s IPO was heavily subscribed, reaching 55.12 times the offer by the closing on June 21, according to BSE. The subscription window for this non-banking financial company’s IPO spanned from June 19 to June 21.

Since 1996, Akme Fintrade India Limited, an NBFC, has provided vehicle and business finance to rural and semi-urban areas. With a focus on growth and efficiency, it operates www.aasaanloans.com to expand its loan offerings. The company serves 200,000 customers across four states from offices in Udaipur and Mumbai.

Akme Fintrade aims to enhance its capital base to expand business, extend loans, repay debt, cover operational costs, and maintain a high CRAR for growth.