Aasaan Loans IPO: GMP, key dates and subscription status

New Delhi: Aasaan Loan IPO opened on June 19, 2024 and will close on June 21, 2024. The Rs 132 crore public issue of Akme Fintrade India comprises freshly issued shares in its entirety. The IPO was fully subscribed on opening day. Akme Fintrade raised Rs 114-120 crore from anchor investors 1 day prior to the public issue opening date. The company’s loan portfolio comprises vehicle loans as well as lending to small businesses among other categories.

Aasaan Loans IPO GMP

Aasaan Loans IPO GMP was at Rs 30 apiece, indicating a listing price of Rs 150 per share. GMP or grey market premium is the additional amount investors are willing to pay to acquire shares of a company. The upper limit of Aasaan Loan IPO’s price band is Rs 120.

Aasaan Loans IPO details

Aasaan Loans IPO has been brought by Akem Fintrade, an Udaipur-based company founded in 1996, with over 20 years of experience in non-bank lending. The company has a presence in 4 states with 12 branches and 25 points of presence. Aasaan Loans IPO will be made up entirely of freshly issued shares. The company’s public issue price band is Rs 114-120 apiece.

It aims to utilise the IPO proceeds to expand its capital base and meet future capital requirements. A portion of the proceeds will go towards meeting IPO costs. The company’s net profit rose 2.06 per cent to Rs 390.50 crore in the year ended March 2023, from Rs 374.01 crore in the year-ago period.

The minimum lot size for Aasaan Loans IPO is 125 shares worth Rs 15,000. The company will be listed on the BSE and NSE indices, according to data available on Chittorgarh. Bigshare Services is the IPO registrar. Gretex Corporate Services is acting as the sole book-running lead manager on the Aasaan Loans public issue.

Aasaan Loans IPO key dates

Aasaan Loans IPO key dates are as follows:

 Aasaan Loans IPO: The Rs 132 crore IPO of Akme Fintrade opened on Wednesday, June 19, 2024. Check GMP listing date and subscription status.  Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today