Aasaan Loans IPO GMP Today, Aasaan Loans IPO Grey Market Premium Updates | Aasaan Loans IPO, Latest target, Opening gain
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 | |
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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.
AASAAN LOANS IPO ALLOTMENT STATUS
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.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
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.
The Aasaan Loans IPO opens on June 19, 2024 and closes on June 21, 2024.
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.
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.
The Aasaan Loans IPO listing date is not yet announced. The tentative date of Aasaan Loans IPO listing is June 26, 2024.
Aasaan Loans IPO lot size is 125 Shares and the minimum order quantity is 1 Shares.