Aasaan Loans IPO (Akme Fintrade India Limited IPO)
Aasaan Loans IPO open for bidding on 19th June 2024, and ends on 21st June 2024.
Aasaan Loans, established to serve underserved segments, offers personal, small business, and vehicle loans. With a hub-and-spoke model, the company reaches rural and semi-urban markets. As of December 31st, 2023, they had secured borrowings totaling ₹17,518.94 lakhs and unsecured borrowings of ₹2,000 lakhs.
Their product range includes Aasaan Mahila Udhyog loans and Aasaan Farm Equipment loans, supported by a digital lending platform for quick loan processing.
Looking ahead, Aasaan Loans plans to expand across India, enhancing brand recall through local marketing and customer literacy programs. They aim to leverage their technological advancements and customer base for new products and cross-selling opportunities, driving future growth.
For more details refer to Aasaan Loans IPO RHP and Aasaan Loans IPO Pulse Score
Aasaan Loans IPO Details
| IPO Date | 19th June 2024 to 21st June 2024 |
| Listing Date | 26th June 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹120 per share |
| Lot Size | 125 Shares |
| Total Issue Size | 1,10,00,000 shares (aggregating up to ₹132.00 Cr) |
| Fresh Issue | 1,10,00,000 shares (aggregating up to ₹132.00 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 31,35,000(28.5%) |
| QIB | 20,90,000(19%) |
| NII | 15,67,500(14.25%) |
| bNII | 10,45,000(9.5%) |
| sNII | 5,22,500(4.75%) |
| Retail | 36,57,500(33.25%) |
| Employees | 5,50,000(5%) |
| Total | 1,10,00,000(100%) |
Aasaan Loans IPO Timeline
| IPO Open | 19th June 2024 |
| IPO Close | 21st June 2024 |
| Basis Of Allotment | 24th June 2024 |
| Initiation of Refunds | 25th June 2024 |
| Credit of Shares to Demat | 25th June 2024 |
| Listing Date | 26th June 2024 |
Fundamentals
Data as of 31st December 2023
| Market Cap | – | P/E Ratio- Pre IPO | – |
| RoNW | 5.81% | P/E Ratio- Post IPO | – |
| RoCE | – | P/B Ratio | – |
| Debt to Equity | 2.49 | PAT Margin% | 22.93 |
Aasaan Loans IPO Objectives
Company proposes to utilise the Net Proceeds towards funding of the following objects:
- Augment the Capital Base of the company
Leave a Reply