About Company
AKME Fintrade is a Non-Banking Finance Company registered with the Reserve Bank of India in 1996 to provide loans in the semi-urban and rural areas of India. The company primarily offers vehicle finance and business finance products to small business owners.
Currently, AKME Fintrade is present in 4 Indian states of Rajasthan, Maharashtra, Madhya Pradesh and Gujarat, with 7 branches and 20+ presence points. It has catered to 2,00,000 customers to date.
On the financial front, the lender managed an AUM of Rs.32398.52 lakhs on September 30, 2022. During the period, the net worth was Rs.15145.7 lakh. AKME Fintrade recorded GNPA and NNPA of 4.87 % and 3.84%.
AKME Fintrade (India) Ltd. IPO Details
The offer is a fresh issue IPO containing 1,10,00,000 equity shares.
The issuers are yet to announce details regarding the release date, lot size, price band, etc.
AKME Fintrade (India) Ltd. IPO Objective:
The company proposes to utilise the net proceeds from the offer towards the following objects.
- Augmenting the capital base of the company
- To meet issue-related expenses
Should you invest in AKME Fintrade (India) Ltd.?
Here are the top reasons to consider before investing in AKME Fintrade (India) Ltd. IPO.
- The lender has a performance record of more than two decades.
- It has formed co-lending agreements with other NBFCs to cater to a broader customer base.
- Focused operation in semi-urban and rural areas.
Competitive Peers
Other players in the domain as recognised by AKME Fintrade are MAS Financial Services Ltd., Shriram Transport Finance Company Ltd., and Cholamandalam Investment and Finance Company Ltd.
AKME Fintrade (India) Ltd. Noteworthy highlights
- The company’s PAT for the period ending on September 30, 2022, was Rs. 614.76 lakh.
- It operates in two principal lines of business vehicle financing (2-wheeler, used 2-wheeler, and commercial vehicle loans) and small businesses.
Company Financials
| Particulars | Period ending on September 30, 2022 (Rs. million) | Year ending on March 31, 2022 (Rs. million) | Year ending on March 31, 2021 (Rs. million) |
|---|---|---|---|
| Revenue from Operations | 3,135.63 | 6,486.94 | 8,416.86 |
| Profit After Tax (PAT) | 614.76 | 412.07 | 1,630.49 |
| EBITDA | 2,173.78 | 4,328.43 | 6,790.53 |
| EBITDA Margin | 68.91% | 66.43% | 80.67% |
| EPS (Basic) | 2.49 | 1.68 | 6.68 |
| ROE | 4.06% | 3.01% | 12.52% |
Know before investing
Strengths
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It’s a stable business with a proven lending model for vehicle and small business financing.
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The company has a strong, dedicated, and experienced management team.
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AKME Fintrade has a deep understanding and knowledge of the target audience and industry.
Risks
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A pandemic-like situation can affect the company's operational and financial performance.
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The company promoters are involved in certain legal proceedings.
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It’s a capital-intensive business and requires a continuous supply of capital to operate.
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AKME Fintrade (India) Ltd IPO FAQs
It is a fresh issue IPO containing 1,10,00,000 equity shares.
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Retail investors can apply for a minimum of one lot.
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You can check the IPO share allotment status froM Angel One’s mobile app. Log in to the app and validate with OTP.
To check the allotment status, enter your application number, DP ID, and PAN number into the app.
Listing gains cannot be measured before the listing of the IPO on the stock exchange.
Under the new system, the bank will block the amount initially in your account. The money will be debited when the shares are allotted or the bank will unblock the amount after the UPI mandate expiry date.
Login to your UPI handle to approve the payment mandate and complete the IPO application process.
You are allowed to submit only one application using one PAN card.
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