Akme Fintrade India IPO Details
Issue Date
--
Price Range
₹114 - ₹120
Lot Size
125
IPO Size
₹132.00 Cr
Akme Fintrade India IPO Listing Details
Listing On
26 Jun'24
Issue Price
₹120
Listed Price
₹ 127
Retail Gain/Listing Gain
▲5.83%
Schedule of Akme Fintrade India IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
26/06/2024
Akme Fintrade India Company Background
Akme Fintrade India is a non-banking finance company (NBFC) incorporated in 1996 and registered with the Reserve Bank of India as a non-systemically important non-deposit-taking company.
Akme Fintrade has over twenty years of lending experience, specialising in solutions that cater to the needs and aspirations of rural and semi-urban populations in India. Their portfolio features vehicle finance and business finance products for small business owners.
With that, let's take a look at the competitive strengths and risk factors for Akme Fintrade India Limited:
Akme Fintrade India Competitive Strengths
Proven execution capabilities with a strong rural and semi-urban focus
Rural and semi-urban areas in India are under-served by formal banking services. The company has a strong history of serving these markets, maintaining financial performance and operational efficiency through high customer acquisition, retention rates, and low-cost expansion. They focus on clients in these sectors, with their loan portfolio in these areas at 60.70%, 61.19%, 60.22%, and 61.21% in fiscal years 2021, 2022, and 2023, and the nine months ending 31 December 2023, respectively.
Well-established in vehicle finance and small business lending
The company has grown by maintaining a conservative credit assessment and risk management focus, lending to borrowers with proven track records, strong cash flow, and sufficient collateral. They have also developed a robust Vehicle Finance and small business lending operation, offering secured loans to small and medium-sized enterprises, including businessmen, traders, manufacturers, and self-employed professionals.
Customer-centric approach and deep understanding of target customers
The company has a deep understanding of their market and customer base, which enables them to meet the financial requirements of existing and potential customers. As of 31 December 2023, 31 March 2023, and 31 March 2022, they had 32,771, 32,399, 33,959, and 45,315 customers, respectively.
Risk Factors
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The company has experienced a decline in revenue in FY22 and may experience declines in the future.
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The company has higher levels of NPAs compared to some of its peer companies.
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The company did not comply with certain RBI norms/guidelines in the past.
Key Strategies
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Increase focus on digitisation and expanding product portfolio
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Deepen, strengthen, and expand geographical presence
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Enhance brand recall to attract new customers
Akme Fintrade India Limited Key Financials
Here are the key financials for Akme Fintrade India Limited:
How to apply for IPO through ASBA
Kotak Neo
•04m 01s
How To Apply for Akme Fintrade India Ltd IPO?
Here are the steps to apply for Akme Fintrade India Ltd IPO:
Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Akme Fintrade India IPO FAQs
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