The initial public offering (IPO) of Akme Fintrade India, which opened for subscription on Wednesday, June 19, is set to close today. The non-bank financial company (NBFC) has already secured approximately ₹38 crore from anchor investors, just before the IPO opened for public bidding.
Subscription Status
As of 12:20 PM on the third day, the subscription details are as follows:
IPO Allocation
The IPO allocation is structured as follows:
IPO Details
The Akme Fintrade IPO is valued at ₹132 Crore, consisting entirely of a fresh issue with no offer-for-sale component.
Use of Proceeds
The proceeds from the IPO are intended for:
Management and Registrar
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