Akme Fintrade (India) Limited IPO
i. Akme Fintrade is a non-banking finance company (“NBFC”) incorporated in the year 1996 registered with the Reserve Bank of India as a Non-systemically important non-deposit taking company with over two decades of lending experience in rural and semi-urban geographies in India. They are primarily engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace.
ii. Their portfolio includes Vehicle Finance and Business Finance Products to small business owners. They have a long history of serving rural and semi-urban markets with high growth potential and have maintained a track record of financial performance and operational efficiency through consistently high rates of customer acquisition and retention and low cost expansion into underpenetrated areas.
iii. Their digital lending platform www.aasaanloans.com is currently under development and will be rolled out in a phased manner.
iv. The company has its footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat through registered office located at Udaipur, Rajasthan, 7 branches and over 20+ points of presence including digital and physical branches having served over 2,00,000 customers till date.
v. Our Key Borrowers
2. Small business owners
vi. Company’s Products
1. Vehicle financing, comprising of Used Commercial Vehicle,
2 Wheeler Loans, Used 2 Wheeler Loans and 2. Business Finance to small business owners and SME/MSME business owners.
vii. Competitive strengths:
i. Proven execution capabilities with a strong rural and semi-urban focus
ii. Well established Vehicle Finance, small businesses lending business
iii. Stable and experienced management team
Objects of the Akme Fintrade (India) Limited IPO:
Akme Fintrade (India) Limited IPO Details:
Promoters And Management:
Financials of Akme Fintrade (India) Limited IPO:
|Particulars (in Cr)||March-22||March-21||March-20|
|Net Interest Income||30||36||42|
|Profit before Provisioning||19||27||31|
|Profit after Provisioning||8||20||28|
|No. of Shares (after IPO)||4.26||4.26||4.26|
Comparison With Peers:
|Name of the Company||Revenue (Cr)||Profit (Cr)||P/E||EPS||CMP||Mcap (Cr)|
|Akme Fintrade (India) Limited||65||4||N/A||1.68||N/A||N/A|
|MAS Financial Services Ltd||655||157||27.08||28.87||781.85||4,437|
|Shriram Transport Finance Company Limited||19255||2707||22.67||101.74||2306.65||47,560|
|Cholamandalam Investment and Finance Company Ltd||10048||2146||29.88||26.16||780.10||63,791|
Recommendation on Akme Fintrade (India) Limited IPO:
To be updated shortly