{"id":7471,"date":"2024-06-15T16:31:05","date_gmt":"2024-06-15T11:01:05","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=7471"},"modified":"2024-06-15T16:31:12","modified_gmt":"2024-06-15T11:01:12","slug":"aasaan-loans-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/aasaan-loans-ipo-details\/","title":{"rendered":"Aasaan Loans IPO Details - Complete Overview of Akme Fintrade India Limited IPO"},"content":{"rendered":"\n

Aasaan Loans IPO Price: <\/strong>\u20b9114 to \u20b9120 per share
IPO Date Range:<\/strong> 19 June 2024 - 21 June 2024<\/p>\n\n\n\n

\n
\n
\n
\n
\"Aasaan<\/figure>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
\n

Company Overview<\/h2>\n\n\n\n

Incorporated in 1996, Akme Fintrade India Ltd, also known as Aasaan Loans, is a non-banking financial company (NBFC) with over 20 years of experience. Registered with the Reserve Bank of India as a non-systemically important non-deposit-taking NBFC, the company focuses on providing lending solutions tailored to the rural and semi-urban populations in India.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Operational Presence<\/h2>\n\n\n\n

Akme Fintrade operates across four Indian states: Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. With a registered office in Udaipur, Rajasthan, and a corporate office in Mumbai, Maharashtra, the company has established a strong presence with 12 branches and over 25 points of presence, including digital and physical branches. To date, Akme Fintrade has served more than 200,000 customers, emphasizing its commitment to reaching underpenetrated markets.<\/p>\n\n\n\n

Product Offerings<\/h2>\n\n\n\n

Akme Fintrade's portfolio includes Vehicle Finance and Business Finance products designed for small business owners and individuals in rural and semi-urban areas. The company finances the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto-rickshaws, catering to salaried professionals and self-employed non-professionals. The company has maintained a strong track record of financial performance and operational efficiency through high rates of customer acquisition and retention, as well as cost-effective expansion into underpenetrated markets.<\/p>\n\n\n\n

Digital Initiatives<\/h2>\n\n\n\n

Akme Fintrade is expanding its reach with a new digital lending platform, www.aasaanloans.com, which is set to go live soon. Currently in the User Acceptance Testing (UAT) phase with a select group of users, the platform initially focuses on two-wheeler finance. Future phases will introduce products for loans against property, commercial vehicle financing, and secured business loans. This digital initiative aims to enhance the company's service delivery and accessibility, further solidifying its presence in the rural and semi-urban financial markets.<\/p>\n\n\n\n

Bidding Starts In<\/h2>\n\n\n\n
\n
-<\/div>
DAYS<\/div><\/div>
-<\/div>
HOURS<\/div><\/div>
-<\/div>
MINUTES<\/div><\/div>
-<\/div>
SECONDS<\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n
APPLY NOW<\/span><\/path><\/svg>

Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

Aasaan Loans IPO Specifics:<\/h2>\n\n\n\n
\n
IPO Date<\/td>June 19, 2024 to June 21, 2024<\/td><\/tr>
Listing Date<\/td>Wednesday, June 26, 2024<\/td><\/tr>
Face Value<\/td>\u20b910 per share<\/td><\/tr>
Price Band<\/td>\u20b9114 to \u20b9120 per share<\/td><\/tr>
Lot Size<\/td>125 Shares<\/td><\/tr>
Total Issue Size<\/td>11,000,000 shares
(aggregating up to \u20b9132.00 Cr)<\/td><\/tr>
Fresh Issue<\/td>11,000,000 shares
(aggregating up to \u20b9132.00 Cr)<\/td><\/tr>
Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
Listing At<\/td>BSE, NSE<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Aasaan Loans IPO Lot Size<\/h2>\n\n\n\n

Bidders have the opportunity to bid for a minimum of 125 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.<\/p>\n\n\n\n

\n
Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
Retail (Min)<\/td>1<\/td>125<\/td>\u20b915,000<\/td><\/tr>
Retail (Max)<\/td>13<\/td>1625<\/td>\u20b91,95,000<\/td><\/tr>
S-HNI (Min)<\/td>14<\/td>1,750<\/td>\u20b92,10,000<\/td><\/tr>
S-HNI (Max)<\/td>66<\/td>8,250<\/td>\u20b99,90,000<\/td><\/tr>
B-HNI (Min)<\/td>67<\/td>8,375<\/td>\u20b910,05,000<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Aasaan Loans IPO Reservation<\/h2>\n\n\n\n
\n
QIB Shares Offered<\/td>Not more than 50% of the Net offer<\/td><\/tr>
Retail Shares Offered<\/td>Not less than 35% of the Offer<\/td><\/tr>
NII (HNI) Shares Offered<\/td>Not less than 15% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Aasaan Loans IPO Timetable (Important Dates)<\/h2>\n\n\n\n
\n
IPO Open Date<\/td>Wednesday, June 19, 2024<\/td><\/tr>
IPO Close Date<\/td>Friday, June 21, 2024<\/td><\/tr>
Basis of Allotment<\/td>Monday, June 24, 2024<\/td><\/tr>
Initiation of Refunds<\/td>Tuesday, June 25, 2024<\/td><\/tr>
Credit of Shares to Demat<\/td>Tuesday, June 25, 2024<\/td><\/tr>
Listing Date<\/td>Wednesday, June 26, 2024<\/td><\/tr>
Cut-off time for UPI mandate confirmation<\/td>5 PM on June 21, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Don't Miss Out!<\/h2>
<\/div>

Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

\n
APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

Akme Fintrade India Limited IPO Financial Information<\/h2>\n\n\n\n

Between March 31, 2022, and March 31, 2023, Akme Fintrade India Ltd witnessed a 3.06% growth in revenue and a significant 283.5% increase in profit after tax (PAT).<\/p>\n\n\n\n

\n
Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>31 Dec 2023<\/th><\/tr><\/thead>
Assets<\/td>455.40<\/td>374.01<\/td>390.50<\/td>417.96<\/td><\/tr>
Revenue<\/td>86.79<\/td>67.50<\/td>69.57<\/td>53.45<\/td><\/tr>
Profit After Tax<\/td>16.31<\/td>4.12<\/td>15.80<\/td>12.25<\/td><\/tr>
Net Worth<\/td>130.26<\/td>136.84<\/td>204.78<\/td>217.01<\/td><\/tr>
Reserves & Surplus<\/td>108.45<\/td>115.03<\/td>173.11<\/td>185.34<\/td><\/tr>
Total Borrowing<\/td>317.82<\/td>230.06<\/td>177.76<\/td>195.19<\/td><\/tr><\/tbody><\/table>
Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n<\/div>\n\n\n\n

Key Performance Indicator - Aasaan Loans IPO<\/h2>\n\n\n\n
\n
KPI<\/th>Values<\/th><\/tr><\/thead>
EPS<\/td>Rs 3.87<\/td><\/tr>
ROCE<\/td>5.64%<\/td><\/tr>
Debt\/ Equity<\/td>2.49<\/td><\/tr>
RoNW<\/td>5.81%<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Objects of the Issue:<\/strong><\/h2>\n\n\n\n

Akme Fintrade India Limited plans to apply the Net Proceeds received from the Issue to enhance the company's capital foundation in order to satisfy its upcoming capital needs, which are expected to emerge due to the growth of the business and assets. Furthermore, a segment of the proceeds generated from the Issue will be allocated to cover expenses associated with the Issue.<\/p>\n\n\n\n

Prospectus Links:<\/strong><\/h2>\n\n\n\n

Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. Akme Fintrade India Limited IPO DRHP<\/a> and Akme Fintrade India Limited RHP<\/a>.<\/p>\n\n\n\n

Frequently Asked Questions<\/strong><\/h2>\n\n\n\n
<\/div><\/div>\n\n\n
\n
\n
\n

What is an IPO?<\/h3>\n
\n\n

An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.<\/p>\n\n<\/div>\n<\/div>\n

\n

Why do companies go public with an IPO?<\/h3>\n
\n\n

Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n

\n

What is the price range for the Aasaan Loans IPO?<\/h3>\n
\n\n

The price range for the Aasaan Loans IPO is \u20b9114 to \u20b9120 per share.<\/p>\n\n<\/div>\n<\/div>\n

\n

When will the Aasaan Loans IPO be listed on the stock exchange?<\/h3>\n
\n\n

The Aasaan Loans IPO is expected to be listed on Wednesday, 26 June 2024.<\/p>\n\n<\/div>\n<\/div>\n

\n

How to apply for an IPO with Lakshmishree?<\/h3>\n
\n\n

To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com\/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n

\n

How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n
\n\n

Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Aasaan Loans IPO Price: \u20b9114 to \u20b9120 per shareIPO Date Range: 19 June 2024 - 21 June 2024 Company Overview Incorporated in 1996, Akme Fintrade India Ltd, also known as Aasaan Loans, is a non-banking financial company (NBFC) with over 20 years of experience. Registered with the Reserve Bank of India as a non-systemically important […]<\/p>\n","protected":false},"author":1,"featured_media":7489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[501,324,325],"class_list":["post-7471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-aasaan-loans-ipo","tag-ipo","tag-upcomingipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/7471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=7471"}],"version-history":[{"count":4,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/7471\/revisions"}],"predecessor-version":[{"id":7493,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/7471\/revisions\/7493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/7489"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=7471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=7471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=7471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}