Akme Fintrade (India) Ltd - IPO

Akme Fintrade (India) Ltd IPO Details

Initial public offering of 1,10,00,000^ equity shares of face value of Rs. 10 each (Equity Shares) of Akme Fintrade (India) Limited (The Company or the Issuer) for cash at a price of Rs. 120 per equity share (including a premium of Rs. 110 per equity share) (Issue Price) aggregating up to Rs. 132.00 crores (The Issue). The issue will constitute 25.78 % of the post-issue paid-up equity share capital. The issue includes a reservation of up to 5,50,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 6.60 crores (constituting up to 1.29 of the post-issue paid-up equity share capital) for subscription by eligible employees (Employee Reservation Portion). The issue less the employee reservation portion is hereinafter referred to as the Net Issue. The issue and net issue shall constitute 25.78 % and 24.49 %, respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is 12 times the face value of the equity shares.

Objective of issue

Listing of the Equity Shares on the Stock Exchanges.

Akme Fintrade (India) Ltd Contact Details

Akme Fintrade (India) Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@aasaanloans.com

Website - www.aasaanloans.com