Akme Fintrade India Ltd IPO Watch Date and Time

Among the most prominent NBFCs in India, Akme Fintrade (India) Limited has been around since 1996 and is registered with the Reserve Bank of India (RBI). The initial public offering runs from June 19th to June 21st, 2024.

There will be 11,00,000 new shares issued. Book Problems with the building amounting to 132 cr.

Financial inclusion and empowerment have been promoted by Akme Fintrade (India) Limited in rural and semi-urban areas of Gujarat, Madhya Pradesh, Rajasthan, and Maharashtra. Over the course of its twenty-plus years in business, Akme Fintrade (India) Limited has earned a stellar reputation for catering to the specific financial requirements and goals of India’s rural population.

IPO Details

Check out the issue details for Akme Fintrade (India) Ltd. IPO as disclosed in SEBI.

Akme Fintrade (India) Limited

Akme Fintrade (India) Limited is a trusted name for over 200,000 customers. They provide customised financial solutions, such as Vehicle Finance and Secured Business Finance Products, that help businesses develop and succeed.

Financial inclusion and empowerment have been promoted by Akme Fintrade (India) Limited in rural and semi-urban areas of Gujarat, Madhya Pradesh, Rajasthan, and Maharashtra. Over the course of its twenty-plus years in business, Akme Fintrade (India) Limited has earned a stellar reputation for catering to the specific financial requirements and goals of India’s rural population. Akme Fintrade (India) Limited provides a variety of customised financial solutions, such as Vehicle Finance and Secured Business Finance Products, to more than 2,000,00 customers, enabling them to grow and succeed.

Akme Fintrade (India) Limited (AFIL) powers the digital lending platform aasaanloans.com, which is pre-integrated with 30+ third-party APIs to streamline operations. Businesses who were previously unable to secure either long-term or short-term funding can now take advantage of opportunities presented by this distinct strategy, which helps to identify those with low risk and high promise.

Objects of the Issue

As a result of the expected growth in the business and its assets, the firm plans to use the Net Proceeds from the Issue to increase its capital base and meet its future capital requirements. Also, some of the money that comes in from the Issue will go towards covering costs associated with the Issue.

The Aasaan Loans IPO is being conducted by Gretex Corporate Services Limited, with Bigshare Services Pvt Ltd serving as the registrar.