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Akme Fintrade

Akme Fintrade is a non-banking finance company (NBFC) registered with the Reserve Bank of India (RBI) as a non-systemically important, non-deposit-taking entity. With over two decades of expertise in the lending sector, Akme Fintrade focuses on rural and semi-urban areas in India.

The company offers a range of financial products, including Vehicle Finance and Business Finance for small business owners. Akme Fintrade operates in four Indian states: Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. Its registered office is located in Udaipur, Rajasthan, while the corporate office is based in Mumbai. The company has a network of 12 branches and over 25 points of presence, encompassing both digital and physical channels, and has successfully served more than 200,000 customers.

As of 31 December 2023, Akme Fintrade’s total credit exposure stands at INR 379.46 crore, with INR 300.67 crore allocated to SME/business loans, representing 79.23% of the total credit exposure. The company has approximately 32,771 outstanding loans under its Vehicle Finance and Secured Business Loans/MSME segments. These loans support small enterprises and self-employed individuals, facilitating operations for stores, retail outlets, handicraft manufacturers, and various other businesses.

Akme Fintrade (India) IPO Details

Signature Global IPO Details
Akme Fintrade IPO Dates
19 – 21 June 2024
Akme Fintrade Issue Price
INR 114 – 120 per share
Fresh issue
1,10,00,000 shares (INR 125.40 – 132.0 crore)
Offer For Sale
NIL
Total IPO Size
1,10,00,000 shares (INR 125.40 – 132.0 crore)
Minimum bid (size)
125 shares (INR 15,000)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
NSE, BSE

Akme Fintrade (India) Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

9M FY 2024

Revenue

86.17

67.44

69.51

53.41

Expenses

67.59

59.91

49.52

38.29

Net income

16.31

4.12

15.80

12.25

Margin (%)

18.93

6.11

22.73

22.94

Figures in INR Crore unless specified otherwise

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