Akme Fintrade IPO share allotment today: How to check status on NSE and Bigshare Services

Akme Fintrade IPO (initial public offering) share allotment is expected to be finalised on Monday, June 24, after it received a strong response from investors.

The ₹132 crore issue of the company, which operates Aasaan Loans, was subscribed 55.12 times. Bids for ₹43.35 crore equity shares were received as against ₹78.65 lakh shares on offer.

The non-institutional investors (NIIs) portion was subscribed 130.33 times the quota set aside for them, while the retail investors category received 45.78 times the subscription. The category for qualified institutional buyers (QIBs) was booked 28.13 times.

The IPO, with a price band of ₹114-₹120 per equity share, is solely a fresh issue of 1.1 crore shares. Before the issue launch, the company raised around ₹38 crore from anchor investors.

Akme Fintrade IPO share allotment status on Bigshare Services website

• Visit Bigshare Services port- https://www.bigshareonline.com
• Select any one of the servers to check the IPO status
• Click on Akme Fintrade from the list
• Fill in the application number or permanent account number (PAN)
• Enter the "captcha" to verify
• Click the "search" button to know your allotment status

Steps to check Akme Fintrade IPO share allotment status on NSE website

• Go to the NSE IPO allotment status page, i.e. https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Enter your username and password
• Select Akme Fintrade
• Verify PAN
• Fill in your IPO application number
• Click on "Submit"

Akme Fintrade provides lending solutions in rural and semi-urban locations in Rajasthan, Gujarat, Madhya Pradesh and Maharashtra. It offers vehicle finance and business finance to small business owners.

In the financial year 2022-23, the company reported a revenue of ₹69.5 crore compared to ₹67.4 crore in the previous fiscal. The net profit stood at ₹15.8 crore in FY23, a 73.9% increase from FY22.