Akme Fintrade India Ltd – Upcoming IPO

The Aasaan Loans IPO, valued at Rs 132.00 crores, is a book-built issue entirely consisting of a fresh issue of 1.1 crore shares.
Subscription for the Aasaan Loans IPO opens on June 19, 2024, and closes on June 21, 2024, with the allotment expected to be finalized on Monday, June 24, 2024. The shares will list on BSE and NSE, with a tentative listing date of Wednesday, June 26, 2024. The price band is set between Rs 114 and Rs 120 per share.
Retail investors need a minimum investment of Rs 15,000 for 125 shares, while SNII must invest Rs 210,000 for 1,750 shares, and BNII must invest Rs 1,005,000 for 8,375 shares.

Aasaan Loans IPO Details

Aasaan Loans IPO Lot Size

Objects of the Issue (Aasaan Loans IPO Objectives)

The company proposes to utilize the Net Proceeds from the Issue towards augmenting the capital base of the company to fulfil its future capital requirements, which are anticipated to arise as a result of the expansion of the business and assets. Moreover, a portion of the proceeds from the Issue will be used towards meeting Issue-related expenses.

About Akme Fintrade India Ltd

Aasaan Loans, powered by Akme Fintrade India Limited (AFIL), leverages AFIL’s 25-year legacy in traditional lending services. With a presence in Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat, AFIL operates 20 physical branches and 24 points of presence, having served over 200,000 customers. This extensive experience and widespread reach provide a solid foundation for Aasaan Loans to support small businesses.

Aasaan Loans aims to assist small businesses that lack access to traditional banking or collateral. Utilizing a digital platform, Aasaan Loans gathers and analyses business data from multiple sources to assess creditworthiness and performance. This innovative approach identifies low-risk, high-potential businesses, offering them financing opportunities that were previously inaccessible, thus enabling their growth and success.

Akme Fintrade India Ltd Financial Information (Restated)

Aasaan Loans IPO Timeline (Tentative)

Conclusion

Aasaan Loans, powered by Akme Fintrade India Limited, is revolutionizing the lending landscape for small businesses. By leveraging AFIL’s extensive experience and using a cutting-edge digital platform, Aasaan Loans bridges the gap for businesses that traditional banks often overlook. This innovative approach not only assesses creditworthiness through comprehensive data analysis but also identifies promising ventures, providing them with much-needed financing. As a result, Aasaan Loans empowers small businesses to grow and thrive, contributing to a more inclusive and dynamic economic environment.