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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Augmenting the capital base for future lending
Utilizing the net proceeds of the issue to augment the company's capital base to meet its future capital requirements for onward lending.
(₹ in Crore)
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Akme Fintrade (India) Limited is a non-banking financial company incorporated in 1996, registered with the Reserve Bank of India as a non-deposit taking, non-systemically important NBFC. It focuses on lending to rural and semi-urban customers, offering products such as micro enterprise loans, two-wheeler loans, used car loans, commercial vehicle loans, loans against property, farm equipment loans and other secured lending. The company operates through a network of about a dozen branches across Rajasthan, Madhya Pradesh, Maharashtra and Gujarat, serving more than 200,000 customers, and also markets its retail lending products under the brand name Aasaan Loans. It is a family promoted business, controlled by Nirmal Kumar Jain and family. The company priced its initial public offer, a pure fresh issue of new shares, in June 2024 to raise capital primarily to strengthen its capital base for future onward lending, and listed on the NSE and BSE shortly after.
The issue included an anchor investor allocation of about 31.35 lakh equity shares, roughly 28.5 percent of the total issue, at the upper price band of Rs 120 per share, raising close to Rs 38 crore ahead of the public offer. Anchor investors included 3 Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1 and Vikasa India EIF Fund 1.
Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 5:30 AM
Long operating track record
The company has over two decades of experience lending to rural and semi-urban customers, giving it deep familiarity with its target market.
Focused, secured product mix
Its loan book is concentrated in secured products such as vehicle loans, loans against property and micro enterprise loans, which supports underwriting discipline.
Regional presence in underserved markets
Operations across Rajasthan, Madhya Pradesh, Maharashtra and Gujarat give it access to a large base of customers with limited access to formal credit.
Rich valuation relative to earnings
On an annualized recent-year earnings basis, the issue was priced at a premium multiple that several analysts viewed as aggressive relative to the company's scale and growth.
Profitability volatility
Profit after tax has fluctuated significantly across recent years rather than growing steadily, reflecting sensitivity to credit costs and provisioning.
Leverage typical of a lending business
As an NBFC, the balance sheet carries meaningful borrowings relative to net worth, exposing it to funding cost and asset quality risk.
Akme Fintrade (India) Limited
Akme Business Centre (ABC), 4-5, Subcity Centre, Savina Circle, Opp. Krishi Upaz Mandi, Udaipur, Rajasthan 313002, India
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Geographic concentration
Operations are concentrated in a small number of states, exposing the company to regional economic and regulatory conditions.