The Aasaan Loans IPO/Akme Fintrade IPO, by Akme Fintrade India Ltd. is a main-board IPO to open for subscription on June 19, 2024 and close on June 21, 2024.
The company is offering 11,000,000 equity shares with a face value of ₹10 each at a price band of ₹114 to ₹120 per share.
Aasaan Loans IPO Key details:
- Company: Akme Fintrade India Ltd. (Aasaan Loans)
- Issue size: ₹132.00 crores
- Price band: ₹114 to ₹120 per share
- Minimum order quantity: 125 shares
- Listing: BSE, NSE
- Tentative listing date: June 26, 2024
Company overview:
Aasaan Loans is a non-banking financial company (NBFC) that provides personal loans, business loans, and gold loans to individuals and small businesses. The company has a network of branches across India and has been growing its loan book at a fast pace.
Aasaan Loans IPO objectives:
The IPO aims to raise funds for the company’s future capital requirements arising from the expansion of its business and assets. A portion of the proceeds will also be used towards meeting issue-related expenses.
Aasaan Loans IPO Grey Market Premium (GMP):
The current GMP for the Aasaan Loans IPO is not available as the IPO is yet to open for subscription.