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15 Days Price Change

Akme Fintrade IPO

Closing In

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WEBSITE Inc. Year: 1996 Industry: Finance - NBFC Listed Page

Profile
Issue Size --
Profile
Price Range 114  to  120 per share
Profile
Min Investment ₹120
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Aasaan Loans is powered by Akme Fintrade India Limited (AFIL). Akme Fintrade India Limited (AIFL) has a legacy of 25 years in traditional lending services, with presence in Rajasthan, Maharashtra, Madhya Pradesh, Gujarat – 20 physical branches 4 states with 24 points of presence having served over 200,000 customers till date. Aasaan Loans believes in assisting small businesses in growing by providing loans to those with potential and intent. Many such businesses have little or no access to capital from traditional banks and other financial institutions, or they lack either collateral or a financial data trail to obtain loans. Aasaan Loans is a digital platform that gathers and analyses business data from multiple sources and draws insights to judge their creditworthiness, past and current performance in the context of the industry in which they operate. This differentiated approach aids in the identification of businesses with low risk and high promise, thereby providing opportunities for those who previously had no access to long or short-term financing. Read More

Basic Info

Face Value 10 per share

Price 114  to  120 per share

P/E (x) 14.5

Sales( Cr.) 102

PAT( Cr.) 33

EPS 8.3

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Nirmal Kumar Jain Manju Devi Jain Dipesh Jain Nirmal Kumar Jain

Pre Issue Share Holding 100%

Post Issue Share Holding 66.55%

Listing Details:

Listing Price: 12.57

Listing Gain: -854.65%

Current Price: 9.2

Gain On Issue: 9.2 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jun 19, 2024
Closing Date Jun 21, 2024
Allotment Jun 24, 2024
Refund Jun 25, 2024
Delivery of Shares Jun 25, 2024
Listing Date Jun 26, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 125 15,000
Retail (Max) 13 1625 195,000
S-HNI (Min) 14 1750 210,000
S-HNI (Max) 66 8250 990,000
B-HNI (Min) 67 8375 1,005,000

Objective of the Issue

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. Further, a portion of the proceeds from the Issue will be used towards meeting Issue-related expenses.

Issue

Category Nos Bid Bid (x)
QIB 5500000 154660000 28.1x
NII 1650000 214467000 130x
Retail 3850000 171633000 44.6x
EMP 0 0 0x
Total 11000000 599390000 54.5x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Akme Fintrade Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Operating Revenue 99 86 68 70 73 102
Other Income 2 2 0 0 1 0
Total Income 101 88 68 70 74 103
Total Expenditure 18 20 24 22 21 24
Operating Profit 83 68 43 47 53 79
Interest Expense 56 48 35 28 28 36
Depreciation 1 1 1 1 1 1
Profit Before Tax 26 19 8 19 24 43
Provision for Tax 8 3 3 4 5 10
Profit After Tax 18 16 4 15 19 33
Adjustments 0 0 0 0 0 0
Profit After Adjustments 18 16 4 15 19 33
Adjusted Earnings Per Share 0.8 0.7 0.2 0.5 0.6 0.8

Akme Fintrade Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 110 130 137 205 223 382
Minority's Interest 0 0 0 0 0 0
Borrowings 287 204 127 75 118 147
Current Liability 118 121 110 110 95 146
Other Liabilities & Provisions -1 -2 -1 -1 -3 -2
Total Liabilities 515 453 373 389 433 674
Loans 0 0 0 0 391 565
Investments 2 0 0 0 0 0
Fixed Assets 7 7 6 19 18 19
Other Loans 473 413 343 346 0 0
Other Non Current Assets 0 0 0 0 0 1
Current Assets 32 33 24 24 25 88
Total Assets 515 453 373 389 433 674

Akme Fintrade Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 21 7 11 1 7 9
Cash Flow from Operating Activities 21 85 63 23 -45 -177
Cash Flow from Investing Activities -2 3 2 -15 2 -35
Cash Flow from Financing Activities -33 -84 -75 -2 45 222
Net Cash Inflow / Outflow -14 4 -10 7 1 10
Closing Cash & Cash Equivalent 7 11 1 7 9 19

Akme Fintrade Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.76 0.67 0.17 0.46 0.59 0.78
CEPS(Rs) 0.79 0.69 0.2 0.48 0.6 0.79
DPS(Rs) 0.04 0 0 0 0 0
Book NAV/Share(Rs) 4.53 5.33 5.6 6.46 7.05 8.75
Net Profit Margin 18.72 18.92 6.1 20.89 25.45 32.44
Operating Margin 83.17 78.04 63.09 67.29 71.46 76.73
PBT Margin 26.79 22.29 11.24 27 32.63 41.86
ROA(%) 3.59 3.37 1 3.81 4.51 6
ROE(%) 16.78 13.57 3.09 8.5 8.66 11.14
ROCE(%) 16.11 14.05 10.45 12.48 12.84 14.4
Price/Earnings(x) 0 0 0 0 0 8.4
Price/Book(x) 0 0 0 0 0 0.75
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 4.16 3.79 3.7 2.86 3.1 4.94
EV/Core EBITDA(x) 4.96 4.81 5.77 4.2 4.3 6.4
Interest Earned Growth(%) 0 -12.63 -21.67 2.98 4.75 40.7
Net Profit Growth 0 -11.7 -74.73 252.33 27.62 79.35
EPS Growth(%) 0 -12.27 -74.73 171.79 27.63 33.11
Interest Coverage(x) % 1.48 1.4 1.22 1.67 1.84 2.2

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 40% 14% 1% 0%
Operating Profit CAGR 49% 22% -1% 0%
PAT CAGR 74% 102% 13% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 20% NA% NA% NA%
ROE Average 11% 9% 9% 10%
ROCE Average 14% 13% 13% 13%

Company Contact Information

Akme Fintrade (India) Ltd.

Akme Business Centre (Abc) 4-5 Subcity Centre Savina Circle Opp. Krishi Upaz Mandi

IPO Lead Manager(s)

Akme Fintrade (India) Ltd.

Gretex Corporate Services Ltd.

Registrar Info

Akme Fintrade (India) Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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