Akme Fintrade IPO listing tomorrow: Here's what GMP, subscription status hint ahead of share debut
demat accounts will occur today, Tuesday, June 25. Today will also see the completion of the share refund procedure for those who have not yet received them.According to BSE data, the Akme Fintrade IPO subscription status on the third day of bidding was 55.12 times.
The initial public offering (IPO) of Akme Fintrade (India) Ltd, a non-banking finance company (NBFC), had a subscription period that began on June 19 and finished on June 21.Also Read: Akme Fintrade IPO allotment finalised today; latest GMP, step-by-step guide to check statusThe Udaipur-based Akme Fintrade India's issue, with a price band of ₹114-120 apiece, raised nearly ₹38 crore from anchor investors. The primary focus of Akme Fintrade is offering loan solutions with an emphasis on rural and semi-urban areas to clients in Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat.
The organisation offers business finance solutions for small business owners in addition to automobile loans.Let's check what does Akme Fintrade IPO GMP today signal ahead of listing.Akme Fintrade IPO grey market premium is +20. This indicates Akme Fintrade share price were trading at a premium of ₹20 in the grey market, according to investorgain.com.The Akme Fintrade IPO estimated listing price was suggested at ₹140 per share, which is 16.67% higher than the IPO price of ₹120, taking into account the top end of the IPO pricing band and the present premium in the grey market.Also Read: Akme Fintrade IPO: From latest GMP to lot size, here are key things to knowAnalysts at investorgain.com claim that the current GMP ( ₹20) is indicating a downward trend based on activity in the grey market during the last 13 sessions.
Rs. 0 is the lowest GMP and Rs.
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