Akme Fintrade IPO opens today: Check latest GMP, subscription status, key dates, more. Apply or not?
₹38 crore from anchor investors on Tuesday, June 18. The anchor book featured Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1, and Vikasa India EIF Fund 1, as per company's exchange filing.
Akme Fintrade IPO price band has been established between ₹114 and ₹120 per face value of ₹10 each. The Reserve Bank of India's (RBI) registered NBFC subscription is set to end on Friday, June 21.
The Akme Fintrade IPO lot size is 125 equity shares, with subsequent lots being multiples of 125 equity shares.Also Read: Akme Fintrade IPO: From latest GMP to lot size, here are key things to knowThe Akme Fintrade IPO has allocated 50% of the shares to qualified institutional buyers (QIB), 15% to non-institutional institutional investors (NII), and 35% to retail investors. The employees' segment has been reserved 5,50,000 equity shares.The Udaipur-based NBFC is registered with the RBI as a non-systemically significant non-deposit taking business, and it has over two decades of lending experience in rural and semi-urban India.
The company's major focus is on financing solutions for rural and semi-urban communities to suit their requirements and objectives. Small business owners can get vehicle financing and business finance products from the firm.Also Read: Akme Fintrade IPO: NBFC garners ₹38 crore from anchor investors ahead of public issueThe brokerage added in its analysis that, while the firm has a significant presence in these underbanked regions and has lately showed solid financial performance, certain concerns should be carefully considered by potential investors.For starters, India's NBFC business is extremely competitive, necessitating strategic differentiation in order to sustain market share.
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