Akme Fintrade IPO listing date today. GMP, experts signal positive debut of shares
Akme Fintrade IPO: The listing date for the initial public offering of Akme Fintrade (India) Limited has been fixed on 26th June 2024, i.e. today. According to the BSE notice, effective from Wednesday, June 26, 2024, the equity shares of Akme Fintrade (India) shall be listed and admitted to dealings on the Indian exchanges in the 'T' group of securities list.
So, one won't be able to buy and sell Akme Fintrade shares on the same date post-listing as the stock would be listed in the trade-to-trade category. However, Akme Fintrade shares will become available for investors on BSE and NSE from 10:00 AM during Wednesday deals. The Akme Fintrade IPO was oversubscribed in all categories, and the stock market mood is also upbeat, indicating a positive debut for Akme Fintrade shares.
As per the market observers, Akme Fintrade shares are available at a premium of ₹17 in the grey market today.According to VLA Ambala, a SEBI-registered Research Analyst and founder of Stock Market Today, the oversubscription of the Akme Fintrade (India) Ltd. IPO in all categories, with a final day oversubscription of 53.78 times as of June 21, is a strong indicator of its potential. To put this in perspective, the retail portion was subscribed 43.35 times, the NII portion 129.34 times, and the qualified institutional buyer's portion 28.12 times.
This level of oversubscription is significantly higher than the average for IPOs in the past year, suggesting a strong investor interest in Akme Fintrade. This could potentially lead to a higher listing price than the price band of ₹120.On the other hand, Amit Goel, Co-Founder & Chief Global Strategist at Pace 360, offers a more optimistic view, predicting a robust debut for Akme Fintrade shares. He
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