AKME FINTRADE INDIA (AASAAN LOAN) Limited IPO GMP

Aasaan Loans is powered by Akme Fintrade India Limited (AFIL). Akme Fintrade India Limited (AIFL) has a legacy of 25 years in traditional lending services, with presence in Rajasthan, Maharashtra, Madhya Pradesh, Gujarat – 20 physical branches 4 states with 24 points of presence having served over 200,000 customers till date.

Akme Fintrade India Limited (AFIL) IPO, a Book Built issue amounting to ₹132 crores, consisting entirely of a fresh issue of 110 lakh shares. The subscription period for the Akme Fintrade IPO opens on June 19, 2024, and closes on June 21, 2024. The allotment is expected to be finalized on or about Monday, June 24, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Wednesday, June 26, 2024.

The price band of Akme Fintrade IPO is set at ₹114 to ₹120 per share, with a minimum lot size of 125 shares. Retail investors are required to invest a minimum of ₹15,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (1,750 shares), amounting to ₹210,000.

GRETEX CORPORATE SERVICES LIMITED is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar.

Grey Market Premium (GMP) of Akme Fintrade (India) Limited (Aasaan Loans)

The Grey Market Premium is expected in the range of ₹25 - ₹30 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

As of 06:25 PM on 19 June 2024, the Akme Fintrade India (Aasaan Loans) IPO live subscription status shows that the IPO fully subscribed on the day 1 itself. The Akme Fintrade India (Aasaan Loans) IPO subscriped 3.01 times on NSE & BSE. Check the Akme Fintrade India (Aasaan Loans) IPO Live Subscription Status Today at BSE and NSE

Objectives of Akme Fintrade (India) Limited (Asaan Loans IPO)

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

Refer to Akme Fintrade (India) Limited RHP for more details about the Company.