Aasaan Loans IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 19 to Jun 21 2024
Price Band
₹114 - 120
Current GMP
₹127(5.83%)
Subscription
54.49 times
IPO Details
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹120 per share |
| Lot Size | 125 Shares |
| Total Issue Size | 11,000,000 shares (aggregating up to ₹132.00 Cr) |
| Fresh Issue | 11,000,000 shares (aggregating up to ₹132.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
IPO Date
June 19, 2024 to June 21, 2024
Listing Date
Wednesday, June 26, 2024
Face Value
₹10 per share
Price Band
₹114 to ₹120 per share
Lot Size
125 Shares
Total Issue Size
11,000,000 shares (aggregating up to ₹132.00 Cr)
Fresh Issue
11,000,000 shares (aggregating up to ₹132.00 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 28.12 |
| Non-Institutional Buyers | 129.98 |
| bNII (bids above ₹10L) | 121.56 |
| sNII (bids below ₹10L) | 146.83 |
| Retail Investors | 44.58 |
| Employees | 5.42 |
| Total ** | 54.49 |
Anchor Investors
1
Qualified Institutions
28.12
Non-Institutional Buyers
129.98
bNII (bids above ₹10L)
121.56
sNII (bids below ₹10L)
146.83
Retail Investors
44.58
Employees
5.42
Total **
54.49
Day Wise Sub
| Day | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
| Day 1 Jun 19, 2024 | 0.02 | 5.18 | 4.28 | 0.57 | 3.07 |
| Day 2 Jun 20, 2024 | 0.17 | 22.28 | 15.31 | 1.58 | 11.72 |
| Day 3 Jun 21, 2024 | 28.12 | 129.98 | 44.58 | 5.42 | 54.49 |
DayDay 1
Jun 19, 2024
QIB0.02
NII5.18
Retail4.28
EMP0.57
Total3.07
DayDay 2
Jun 20, 2024
QIB0.17
NII22.28
Retail15.31
EMP1.58
Total11.72
DayDay 3
Jun 21, 2024
QIB28.12
NII129.98
Retail44.58
EMP5.42
Total54.49
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 26-06-2024 | 120.00 | 16(13.33%) | 136 |
| 25-06-2024 | 120.00 | 16(13.33%) | 136 |
| 24-06-2024 | 120.00 | 18(15.0%) | 138 |
| 23-06-2024 | 120.00 | 30(25.0%) | 150 |
| 22-06-2024 | 120.00 | 30(25.0%) | 150 |
| 21-06-2024 | 120.00 | 30(25.0%) | 150 |
| 20-06-2024 | 120.00 | 30(25.0%) | 150 |
| 19-06-2024 | 120.00 | 48(40.0%) | 168 |
| 18-06-2024 | 120.00 | 40(33.33%) | 160 |
| 17-06-2024 | 120.00 | 33(27.5%) | 153 |
| 16-06-2024 | 120.00 | 33(27.5%) | 153 |
| 15-06-2024 | 120.00 | 33(27.5%) | 153 |
| 14-06-2024 | 120.00 | 30(25.0%) | 150 |
Date26-06-2024
Price120.00
GMP16(13.33%)
Estimate List Price136
Date25-06-2024
Price120.00
GMP16(13.33%)
Estimate List Price136
Date24-06-2024
Price120.00
GMP18(15.0%)
Estimate List Price138
Date23-06-2024
Price120.00
GMP30(25.0%)
Estimate List Price150
Date22-06-2024
Price120.00
GMP30(25.0%)
Estimate List Price150
Date21-06-2024
Price120.00
GMP30(25.0%)
Estimate List Price150
Date20-06-2024
Price120.00
GMP30(25.0%)
Estimate List Price150
Date19-06-2024
Price120.00
GMP48(40.0%)
Estimate List Price168
Date18-06-2024
Price120.00
GMP40(33.33%)
Estimate List Price160
Date17-06-2024
Price120.00
GMP33(27.5%)
Estimate List Price153
Date16-06-2024
Price120.00
GMP33(27.5%)
Estimate List Price153
Date15-06-2024
Price120.00
GMP33(27.5%)
Estimate List Price153
Date14-06-2024
Price120.00
GMP30(25.0%)
Estimate List Price150
IPO Important Dates
| IPO Open Date | Wednesday, June 19, 2024 |
| IPO Close Date | Friday, June 21, 2024 |
| Basis of Allotment | Monday, June 24, 2024 |
| Initiation of Refunds | Tuesday, June 25, 2024 |
| Credit of Shares to Demat | Tuesday, June 25, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 21, 2024 |
IPO Open Date
Wednesday, June 19, 2024
IPO Close Date
Friday, June 21, 2024
Basis of Allotment
Monday, June 24, 2024
Initiation of Refunds
Tuesday, June 25, 2024
Credit of Shares to Demat
Tuesday, June 25, 2024
Listing Date
Wednesday, June 26, 2024
Cut-off time for UPI mandate confirmation
5 PM on June 21, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1625 | ₹195,000 |
| S-HNI (Min) | 14 | 1,750 | ₹210,000 |
| S-HNI (Max) | 66 | 8,250 | ₹990,000 |
| B-HNI (Min) | 67 | 8,375 | ₹1,005,000 |
ApplicationRetail (Min)
Lots1
Shares125
Amount₹15,000
ApplicationRetail (Max)
Lots13
Shares1625
Amount₹195,000
ApplicationS-HNI (Min)
Lots14
Shares1,750
Amount₹210,000
ApplicationS-HNI (Max)
Lots66
Shares8,250
Amount₹990,000
ApplicationB-HNI (Min)
Lots67
Shares8,375
Amount₹1,005,000
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 417.96 | 390.50 | 374.01 |
| Revenue | 53.45 | 69.57 | 67.50 |
| Profit After Tax | 12.25 | 15.80 | 4.12 |
| Net Worth | 217.01 | 204.78 | 136.84 |
| Reserves and Surplus | 185.34 | 173.11 | 115.03 |
| Total Borrowing | 195.19 | 177.76 | 230.06 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 2023417.96
31 Mar 2023390.50
31 Mar 2022374.01
Period EndedRevenue
31 Dec 202353.45
31 Mar 202369.57
31 Mar 202267.50
Period EndedProfit After Tax
31 Dec 202312.25
31 Mar 202315.80
31 Mar 20224.12
Period EndedNet Worth
31 Dec 2023217.01
31 Mar 2023204.78
31 Mar 2022136.84
Period EndedReserves and Surplus
31 Dec 2023185.34
31 Mar 2023173.11
31 Mar 2022115.03
Period EndedTotal Borrowing
31 Dec 2023195.19
31 Mar 2023177.76
31 Mar 2022230.06
Key Performance Indicator
| ROE | 5.64% |
| Debt/Equity | 2.49 |
| RoNW | 5.81% |
| PAT Margin (%) | 22.93 |
ROE
5.64%
Debt/Equity
2.49
RoNW
5.81%
PAT Margin (%)
22.93
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,135,000 (28.50%) | NA |
| QIB Shares Offered | 2,090,000 (19.00%) | NA |
| NII (HNI) Shares Offered | 1,567,500 (14.25%) | |
| bNII > ₹10L | 1,045,000 (9.50%) | 597 |
| sNII < ₹10L | 522,500 (4.75%) | 298 |
| Retail Shares Offered | 3,657,500 (33.25%) | 29,260 |
| Employee Shares Offered | 550,000 (5.00%) | NA |
| Total Shares Offered | 11,000,000 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered3,135,000 (28.50%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered2,090,000 (19.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered1,567,500 (14.25%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered1,045,000 (9.50%)
Maximum Allottees597
Investor CategorysNII < ₹10L
Shares Offered522,500 (4.75%)
Maximum Allottees298
Investor CategoryRetail Shares Offered
Shares Offered3,657,500 (33.25%)
Maximum Allottees29,260
Investor CategoryEmployee Shares Offered
Shares Offered550,000 (5.00%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered11,000,000 (100%)
Maximum Allottees
Information about company
Incorporated in 1996, Akme Fintrade India Ltd is a non-banking financial company (NBFC) with over 20 years of experience in lending to rural and semi-urban areas in India.
The company mainly provides lending solutions tailored to the needs and aspirations of rural and semi-urban populations. Its portfolio comprises Vehicle Finance and Business Finance Products for small business owners.
The company operates in rural and semi-urban areas across four Indian states - Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. It has a registered office in Udaipur, Rajasthan, and a Corporate Office in Mumbai, Maharashtra. With 12 branches and over 25 points of presence, including digital and physical branches, it has served over 200,000 customers.
The company finances the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto rickshaws, for salaried professionals and self-employed non-professionals.
The company has 125 permanent employees as of December 31, 2023, and prioritizes their overall welfare.
Objectives of IPO
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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