iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Akme Fintrade IPO opens today

20 Jun 2024 , 09:26 AM

Akme Fintrade (India) Ltd’s initial public offering (IPO) opens for subscription today, Wednesday, June 19. The subscription period for the IPO will close on Friday, June 21.

The IPO price band is set between ₹114 and ₹120 per share, with a face value of ₹10 each. The IPO lot size is 125 equity shares, with additional lots in multiples of 125 shares.

The IPO received a positive response from retail and non-institutional investors on the first day of bidding so far. At the time of writing on June 19, 2024 at 12:39 pm on day 1 of subscription, the Akme Fintrade IPO has seen a subscription of 1.06 times.  The Non-Institutional Investor (NII) segment saw a subscription of 1.24 times, and the retail investors subscribed to 1.71 times.

The non-banking finance company (NBFC) raised around ₹38 crore from anchor investors on Tuesday, June 18. Anchor investors include Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1, and Vikasa India EIF Fund 1.

Share allocation: 50% to qualified institutional buyers (QIB), 15% to non-institutional investors (NII), and 35% to retail investors, with 5,50,000 shares reserved for employees.

Akme Fintrade is an RBI-registered NBFC, operating for over two decades in rural and semi-urban India, focusing on vehicle financing and business finance for small business owners.

For opening a demat account click on: https://www.indiainfoline.com/

For doing stock trading & investments, go to: https://ttweb.indiainfoline.com/trade/Login.aspx

For loans, go to: https://www.iifl.com/


Related Tags

  • Akme Fintrade IPO
  • IPO news
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.