Akme Fintrade India IPO Date (Aasaan Loans IPO)Review, Price, Allotment Details

Aasaan Loans IPO GMP Today, Aasaan Loans IPO Grey Market Premium Updates | Aasaan Loans IPO, Latest target, Opening gain

Aasaan Loans IPO began on 19 June 2024. It will close on 21 June 2024. The Total IPO Size is ₹132.00 Crore Approx. The company set its IPO price is ₹114 to ₹120 per share Per Share. There are three basic categories in Aasaan Loans IPO Subscription:- 1) Qualified Institutional Buyers.  2) Non-Institutional Investors.  3) Retail.
Incorporated in 1996, Akme Fintrade India Ltd is a non-banking financial company (NBFC) with over 20 years of experience in lending to rural and semi-urban areas in India.

The company operates in rural and semi-urban areas across four Indian states – Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. It has a registered office in Udaipur, Rajasthan, and a Corporate Office in Mumbai, Maharashtra. With 12 branches and over 25 points of presence, including digital and physical branches, it has served over 200,000 customers.

The company mainly provides lending solutions tailored to the needs and aspirations of rural and semi-urban populations. Its portfolio comprises Vehicle Finance and Business Finance Products for small business owners.

The company 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.

The company has 125 permanent employees as of December 31, 2023, and prioritizes their overall welfare.

Aasaan Loans IPO Details:

Issuer Aasaan Loans IPO
Issue Type Book Built Issue IPO
Issue Period Issue Opens: 19 June 2024
Issue Closes: 21 June 2024
Price Brand 114 to ₹120 per share
Issue Size ₹132.00 Cr
Face Value ₹10 per share
Market Lot 125 Shares
Retail (Max) ₹195,000
QIB 50%
HNI 15%
Retail Individual Bidders 35%
Listing at NSE & BSE
✔️ Apply With ANGEL Free DEMAT Account
Total Shares 11,000,000 shares

Aasaan Loans IPO GMP Rates day by day

Aasaan Loans IPO Market Lot:

Application Lots Shares Amount
Retail (Min) 1 125 ₹15,000
Retail (Max) 13 1,625 ₹195,000
S-HNI (Min) 14 1,750 ₹210,000
S-HNI (Max) 66 8,250 ₹990,000
B-HNI (Min) 67 8,375 ₹1,005,000

Aasaan Loans IPO Date, Allotment & Listing:

Aasaan Loans IPO Opening Date: JUNE 19, 2024
Aasaan Loans IPO Closing Date: JUNE 21, 2024
Basis of Allotment: JUNE 24, 2024
Initiation of Refunds: JUNE 25, 2024
Credit to Demat Account: JUNE 25, 2024
Listing Date: JUNE 26, 2024

Akme Fintrade India Ltd Financial Information (Restated)

Aasaan Loans Ltd’s revenue increased by 3.06% and profit after tax (PAT) rose by 283.5% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 31 Dec 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 417.96 390.50 374.01 455.40
Revenue 53.45 69.57 67.50 86.79
Profit After Tax 12.25 15.80 4.12 16.31
Net Worth 217.01 204.78 136.84 130.26
Reserves and Surplus 185.34 173.11 115.03 108.45
Total Borrowing 195.19 177.76 230.06 317.82
Amount in ₹ Crore

Key Performance Indicator

KPI as of December 31, 2023.

KPI Values
ROE 5.64%
Debt/Equity 2.49
RoNW 5.81%
PAT Margin (%) 22.93
  Pre IPO Post IPO
EPS (Rs)  3.87  

Objects of the Issue (Aasaan Loans IPO Objectives)

The company proposes to utilize the Net Proceeds from the Issue towards augmenting the capital base of the company to fulfil its future capital requirements, which are anticipated to arise as a result of the expansion of the business and assets. Further, a portion of the proceeds from the Issue will be used towards meeting Issue-related expenses.


How to Apply for Aasaan Loans IPO?

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How to Apply Aasaan Loans IPO through Zerodha?

Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Aasaan Loans”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.

How to Apply Aasaan Loans IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Aasaan Loans”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.



Frequently Asked Questions

What is Aasaan Loans IPO?

Aasaan Loans IPO is a main-board initial public offering of 11,000,000 Equity shares of the face value of ₹10 aggregating up to ₹132.00 Crores. The issue price of the IPO is ₹114 to ₹120 Per Equity Share. The minimum order quantity is 125 Shares per application and the offer type is Book Built Issue. The IPO opens on June 19, 2024 and closes on June 21, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Aasaan Loans IPO will open?

The Aasaan Loans IPO opens on June 19, 2024 and closes on June 21, 2024.

How to apply for Aasaan Loans IPO?

You can apply in Aasaan Loans IPO online using either UPI or ASBA as payment method. Gretex Corporate Services Limited is the book running lead manager of the Aasaan Loans IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

When Aasaan Loans IPO allotment?

The finalization of Basis of Allotment for Aasaan Loans IPO will be done on June 24, 2024, and the allotted shares will be credited to your demat account by June 25, 2024. Check the Aasaan Loans IPO allotment status.

When is Aasaan Loans IPO listing date?

The Aasaan Loans IPO listing date is not yet announced. The tentative date of Aasaan Loans IPO listing is June 26, 2024.

What is the lot size of Aasaan Loans IPO?

Aasaan Loans IPO lot size is 125 Shares and the minimum order quantity is 1 Shares.