AKME FINTRADE (INDIA) LIMITED IPO
AKME FINTRADE (INDIA) LIMITED was a mainboard IPO, offered at ₹11.4–₹12 per share to raise ₹132 crore. The issue was subscribed 55.12× overall (QIBs 28.12×, NIIs 130.33×, retail 45.78×). It listed on 26 Jun 2024 and closed its first day at ₹13, a listing gain of +11.1% versus the ₹12 issue price. It now trades around ₹7 (-40.3% versus the issue price).
Frequently asked questions
- How many times was the AKME FINTRADE (INDIA) LIMITED IPO subscribed?
- The AKME FINTRADE (INDIA) LIMITED IPO was subscribed 55.12× overall — 28.12× in the QIB category, 130.33× among non-institutional investors, 45.78× in retail.
- What were the AKME FINTRADE (INDIA) LIMITED IPO listing gains?
- AKME FINTRADE (INDIA) LIMITED listed on 26 Jun 2024, closing its first day at ₹13 — a listing gain of +11.1% versus the ₹12 issue price.
- What were the retail allotment odds for the AKME FINTRADE (INDIA) LIMITED IPO?
- Retail was subscribed 45.78×, so a single-lot application had roughly a 2.2% chance of allotment (about 1 in 46), and allotment was finalised on 24 Jun 2024.
- What was the price band and lot size of the AKME FINTRADE (INDIA) LIMITED IPO?
- The price band was ₹11.4–₹12 per share, with a minimum lot of 125 shares (₹1,500 at the upper band).
- Who were the registrar and lead manager for the AKME FINTRADE (INDIA) LIMITED IPO?
- Bigshare Services Private Limited was the registrar to the issue.