Akme Fintrade to Raise ₹132 Crore Through IPO
Akme Fintrade (India), a prominent non-banking finance company, is set to raise ₹132 crore through an initial public offering (IPO) opening for subscription on June 19. The company plans to issue 11 lakh fresh equity shares, with a price range of ₹114 to ₹120 per share. The shares will be listed on the BSE and NSE.
Akme Fintrade provides credit in rural and semi-urban areas across Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. With over two decades of experience, it offers a variety of financial solutions, including vehicle finance and secured business finance products, serving more than two lakh customers.
The company’s digital lending platform, aasaanloans.com, is integrated with over 30 third-party APIs, streamlining the operational process. This innovative approach helps identify low-risk, high-potential businesses, offering financing opportunities to those previously without access to long-term or short-term loans, according to the company.
