Aasaan Loans - Akme Fintrade (India) IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Aasaan Loans - Akme Fintrade (India) IPO. Explore Aasaan Loans - Akme Fintrade (India) IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Akme Fintrade (India) Limited, branded as Aasaan Loans, established in 1996, is a non-banking finance company (NBFC) registered with the Reserve Bank of India. It operates as a non-systemically important non-deposit taking company, with a focus on lending in rural and semi-urban areas. With over two decades of experience, Akme Fintrade offers vehicle finance and business finance products to small business owners, aiming to meet the financial needs and aspirations of the rural and semi-urban populace. The company has maintained strong financial performance and operational efficiency through high customer acquisition and retention rates and low-cost expansion into underpenetrated areas.
Key Points:
- Market Focus:
- Specializes in rural and semi-urban centric lending solutions.
- Maintains a strong presence in underpenetrated areas with high growth potential.
- Strategically focuses on clients in rural and semi-urban sectors.
- Product Offerings:
- Vehicle Finance:
- Provides financing for new and used two-wheelers, three-wheelers, and commercial vehicles.
- Serves transport operators, small businesses, self-employed, and salaried individuals.
- Secures loans through hypothecation of financed assets.
- Business Finance:
- Offers financial products to small business owners, SME, and MSME business owners.
- Vehicle Finance:
- Digital Platform:
- Developing a digital lending platform, Aasaan Loans.
- Initial phase focuses on two-wheeler finance, undergoing User Acceptance Testing (UAT).
- Future phases to include loan against property, commercial vehicle financing, and secured business loans.
- Operational Footprint:
- Headquartered in Udaipur, Rajasthan, with a corporate office in Mumbai, Maharashtra.
- Presence in Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat.
- Operates through 12 branches and over 25 points of presence, including digital and physical branches.
- Served over 200,000 customers to date.
Objects of the Issue
- Augment the capital base of the Company
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 19 Jun - 21 Jun 2024 |
| IPO Price Band | ₹ 114 - 120 per share |
| Fresh Issue | Upto 1,10,00,000 Shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 132.0 crore |
| Face Value | ₹ 10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 19 Jun 2024 |
| IPO Closing Date | 21 Jun 2024 |
| Basis Of Allotment | 24 Jun 2024 |
| Refunds | 25 Jun 2024 |
| Demat Transfer | 25 Jun 2024 |
| IPO Listing Date | 26 Jun 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 86.79 | 67.50 | 69.57 | 53.45 |
| Total Expenses | 67.59 | 59.91 | 49.52 | 38.29 |
| Net Profit/Loss | 16.31 | 4.12 | 15.80 | 12.25 |
| NPM (*) | 22.93 | 22.73 | 6.11 | 18.92 |
| Total Assets | 455.40 | 374.01 | 390.50 | 417.96 |
| Total Liabilities | 130.26 | 136.84 | 204.78 | 217.01 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | 6.68 | 1.68 | 5.85 | 3.87 |
| ROE (%) | 5.64 | 7.72 | 3.01 | 12.52 |
| ROCE (%) | NA | NA | NA | NA |
| D/E Ratio | 0.91 | 0.88 | 1.70 | 2.49 |
| Current Ratio | NA | NA | NA | NA |
| EBITDA MARGIN (%) | 67.76 | 69.45 | 64.18 | 78.80 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Akme Fintrade (India) Limited | 69.57 | 20.51 | 5.85 | 7.72 | 64.65 |
| MAS Financial Services Limited | 990.26 | 26.47 | 37.18 | 13.55 | 277.83 |
| Shriram Finance Limited | 30,508.39 | 14.73 | 159.83 | 13.82 | 1,162.12 |
| Cholamandalam Investment and Finance Company Limited | 13,105.59 | 33.52 | 32.38 | 18.58 | 174.52 |
| Arman Financial Service Limited | 423.90 | 20.99 | 107.28 | 25.65 | 430.61 |
| CSL Finance Limited | 117.53 | 22.70 | 21.40 | 12.59 | 174.85 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 28.12 |
| Non-Institutional Investor (NII/HNI) | 129.98 |
| Retail Individual Investor (RII) | 44.58 |
| Total | 54.49 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- NIRMAL KUMAR JAIN
- MANJU DEVI JAIN
- DIPESH JAIN
- NIRMAL KUMAR JAIN HUF
Lead Managers
- Gretex Corporate Services Limited
Company Address
Akme Fintrade (India) Limited
AKME Business Centre (ABC), 4-5 Subcity Centre, Savina Circle opp. Krishi Upaz Mandi Udaipur, Rajasthan - 313002
Phone: +91- 294-2489501-02
Email: cs@aasaanloans.com
Website: www.aasaanloans.com
FAQs
- What is the issue size of the Aasaan Loans - Akme Fintrade (India) IPO?The Aasaan Loans - Akme Fintrade (India) IPO has an issue size of Approx ₹ 132.0 crore. This includes a fresh issue of Upto 1,10,00,000 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the Aasaan Loans - Akme Fintrade (India) IPO?The price band for the Aasaan Loans - Akme Fintrade (India) IPO is ₹ 114 - 120 per share.
- What are the bidding dates for the Aasaan Loans - Akme Fintrade (India) IPO?The Aasaan Loans - Akme Fintrade (India) IPO will open for bidding on 19 Jun 2024 and close on 21 Jun 2024.
- What is the allotment date for the Aasaan Loans - Akme Fintrade (India) IPO?The allotment date for the Aasaan Loans - Akme Fintrade (India) IPO is 24 Jun 2024.
- What is the listing date for the Aasaan Loans - Akme Fintrade (India) IPO?The listing date for the Aasaan Loans - Akme Fintrade (India) IPO is 26 Jun 2024.
- What is the Aasaan Loans - Akme Fintrade (India) IPO grey market premium?The grey market premium (GMP) for the Aasaan Loans - Akme Fintrade (India) IPO is currently at ₹16, with an expected listing gain of approximately 13.33%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.