Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
IPO Status: Listed [19th Jun 2024 to 21st Jun 2024]
Aasaan Loans IPO, a Mainline IPO of ₹132.00 Cr was launced on 19-06-2024 to 21-06-2024 and the shares got listed on BSE, NSE on 26-06-2024.
The public issue of Aasaan Loans IPO (AFIL,544200) was offered at ₹120.00 per share and the ipo was listed at ₹127.00. It has delivered listing gain of 5.83%.
As the minimum lot size was 125 shares, the IPO has offered Rs 875.00 per lot return on listing.
| IPO Issue Opening Date: | 19th Jun 2024 |
| IPO Issue Closing Date: | 21st Jun 2024 |
| IPO Issue Price: | ₹114.00-120.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹132.00 Cr |
| Fresh Issue: | ₹132.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 56.01% |
| Promoter Holding Post IPO: | |
| BSE Code: | 544200 |
| NSE Code: | AFIL |
Get important updates regarding Aasaan Loans IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 24th Jun 2024 |
| Refunds Initiation* | 25th Jun 2024 |
| Credit of Shares to Demat* | 25th Jun 2024 |
| IPO Listing Date* | 26th Jun 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹114.00-120.00 |
| Market Lot: | 125 Shares |
| 1 Lot Amount: | ₹15000 |
| Min Small HNI Lots(2-10 Lakh): | 1750 shares (14 lots) - ₹210000 |
| Min Big HNI Lots(10+ Lakh): | 8375 shares (67 lots) - ₹1005000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 26-06-2024 | 120.00 | 16 | 1500/21000 | ₹136 (13.33%) | 26-Jun-2024 10:24 |
Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Akme Fintrade India Limited was founded in 1996. The company mainly provides credit solutions to the rural and semi-urban population to fulfil their needs and aspirations. Its portfolio includes vehicle financing and business financing products for small entrepreneurs. The company has a long history of serving rural and semi-urban markets with high growth potential and has maintained high financial performance and operational efficiency through consistently high customer acquisition and retention rates and cost-effective expansion into underserved areas. Therefore, the company strategically focuses on customers in rural and semi-urban areas.
The digital lending platform www.aasaanloans.com is currently under development and will be rolled out gradually. This digital lending platform www.aasaanloans.com,is is currently being made available to a select group of users for the purpose of User Acceptance Testing (UAT), with a focus on two-wheeler financing in the initial phase. At the same time, the IT team is actively working on developing the product for real estate loans, commercial vehicle financing and secured business loans to be rolled out gradually.
The company is present in rural and semi-urban areas in the four Indian states of Rajasthan, Maharashtra, Madhya Pradesh and Gujarat. Headquartered in Udaipur, Rajasthan, the company has 9 branches and more than 23 points of presence, including digital and physical branches, which have served over 2,00,000 customers so far.
| Incorporation | Sector | IPO Issue Size | Website |
| 1996 | Non Banking Financial Company (NBFC) | ₹132.00 Cr | https://aasaanloans.com/ |
The company proposes to utilize the Net Proceeds from the Issue towards augmenting the capital base of the company to fulfil its future capital requirements, which are anticipated to arise as a result of the expansion of the business and assets. Further, a portion of the proceeds from the Issue will be used towards meeting Issue-related expenses.
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 2,090,000 (26.57%) | 1,567,500 (19.93%) | 3,657,500 (46.5%) | 550,000 | 7,865,000 | |
| 1 | 19th Jun 2024 19:04 | 0.02x | 5.18x | 4.28x | 0.57x | 3.07x |
| 2 | 20th Jun 2024 19:04 | 0.17x | 22.28x | 15.31x | 1.58x | 11.72x |
| 3 | 21st Jun 2024 18:21 | 28.12x | 129.98x | 44.58x | 5.42x | 54.49x |
Akme Fintrade India Ltd's revenue increased by 3.06% and profit after tax (PAT) rose by 283.5% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 417.96 | 390.50 | 374.01 | 455.40 |
| Revenue | 53.45 | 69.57 | 67.50 | 86.79 |
| Profit After Tax | 12.25 | 15.80 | 4.12 | 16.31 |
| Net Worth | 217.01 | 204.78 | 136.84 | 130.26 |
| Reserves and Surplus | 185.34 | 173.11 | 115.03 | 108.45 |
| Total Borrowing | 195.19 | 177.76 | 230.06 | 317.82 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Akme Fintrade India Ltd | 5.85 | 5.85 | 64.65 | 7.72 | ||
| Mas Financial Services Ltd | 37.18 | 37.18 | 277.83 | 26.47 | 13.55 | Consolidated |
| Shriram Finance Limited | 160.54 | 159.83 | 1162.12 | 14.73 | 13.82 | Consolidated |
| Cholamandalam Investment And Finance Company Ltd | 32.44 | 32.38 | 174.52 | 33.52 | 18.58 | Consolidated |
| Arman Financial Service Limited | 110.47 | 107.28 | 430.61 | 20.99 | 25.65 | Consolidated |
| CSL Finance Limited | 22.02 | 21.4 | 174.85 | 22.7 | 12.59 | Consolidated |
Last Updated on 30-Jun-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Aasaan Loans IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Aasaan Loans IPO with Zerodha.
Alternate approch to apply in Aasaan Loans IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Aasaan Loans IPO Review and Important Updates
Other relevant questions :
How to subscribe Aasaan Loans IPO Zerodha? How to purchase Aasaan Loans IPO on Zerodha? Aasaan Loans IPO how to buy Zerodha? Aasaan Loans IPO Zerodha apply. Aasaan Loans IPO purchase Zerodha. Aasaan Loans IPO with Zerodha. Aasaan Loans IPO at Zerodha. Aasaan Loans IPO kite Zerodha. Aasaan Loans IPO using Zerodha. Aasaan Loans IPO via Zerodha.
To subscribe or apply in Aasaan Loans IPO, you can use the following methods:
| Aasaan Loans IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Aasaan Loans IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Aasaan Loans IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Aasaan Loans IPO. Most of the Syndicate Banks provide access to apply in Aasaan Loans IPO via ASBA process. You must have your net banking access, DP ID information to apply in Aasaan Loans IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Aasaan Loans IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Aasaan Loans IPO Review and Important Updates
Other relevant question on same topics are:
Where to subscribe Aasaan Loans IPO? Where to apply for Aasaan Loans IPO? How to subscribe Aasaan Loans IPO online? Aasaan Loans IPO where to apply? Where to buy Aasaan Loans IPO online? How to buy Aasaan Loans IPO online? How to purchase Aasaan Loans IPO? How to get Aasaan Loans IPO? How to book Aasaan Loans IPO? How to invest Aasaan Loans IPO? Aasaan Loans IPO kaise buy kare?
Applying in Aasaan Loans IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Aasaan Loans IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Aasaan Loans IPO, please refer article >> Link
Aasaan Loans IPO Review and Important Updates
Steps to download the online application form for Aasaan Loans IPO
Or
Other relevant questions:
How to fill Aasaan Loans IPO form? How to fill Aasaan Loans IPO form online? Aasaan Loans IPO online form? Aasaan Loans IPO online form fill up? Aasaan Loans IPO blank form download? Aasaan Loans IPO bid form? Aasaan Loans IPO full form? Aasaan Loans IPO form nse? Aasaan Loans IPO form bse? Aasaan Loans IPO form online? Aasaan Loans IPO form print? Aasaan Loans IPO application amount?
Aasaan Loans IPO is going to be list on 26-06-2024. NSE Code for Aasaan Loans is AFIL. BSE Code for Aasaan Loans is 544200.
Other relevant questions:
When Aasaan Loans IPO will be listing? Aasaan Loans IPO NSE listing date?Aasaan Loans IPO date of listing.Aasaan Loans IPO BSE listing date?
Aasaan Loans IPO Allotment Date is 24-06-2024.
Other relevant questions:
Aasaan Loans IPO share allotment date?Aasaan Loans IPO allotment date?
