Akme Fintrade (India) Limited IPO

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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
1. Individuals
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:

Our Company proposes to utilize the Net Proceeds towards augmenting its capital base.  
DRHP of Akme Fintrade (India) Limited IPO

Akme Fintrade (India) Limited IPO Details:

Promoters And Management:

Mr. Nirmal Kumar Jain, is the Chairman and Managing Director of the Company. He has been on the Board of Directors of the Company from August 25, 1996. He is a qualified Chartered Accountant. He has been awarded with CA Business Leader Corporate (2nd Rank) at the C.A. Corporate Leader Exxact Awards Function organized by Committee for Members in Industry of The Institute of Chartered Accountants of India on January 20, 2008 and Certificate of Appreciation for his voluntary work/sponsorship with Impetus (NGO) for charity work during the Kerala Flood Relief that was conducted from August 19, 2018 to August 25, 2018 by Impetus. He has more than 25 years of experience in the finance terrain. He has played a significant role in the growth of the Company. Mr. Prashant Arvind Karulkar is an Additional Non-Executive Independent Director of the Company. He has been associated with our Company since January 16, 2023. He holds a degree in Bachelors in Commerce from S.R. Karandikar College of Arts and Commerce, Dahanu, Mumbai University. He holds a GNIIT Degree from NIIT Institute. He is honoured and awarded by Ministry of State, Finance, Government of India, Dr. Bhagwat Karad on the Dias of World Hindu Economic Forum, Mumbai Chapter for Business Achievements and Social Work Responsibilities. Mr. Ramesh Kumar Jain is an Executive Director of the Company. He has been associated with the Company since 2016.. He handles the Maharashtra Region Business and looks after all the activities of the Mumbai branch office of the Company. He has more than 6 years of experience.  

Financials of Akme Fintrade (India) Limited IPO:

 
Particulars (in Cr) March-22 March-21 March-20
Net Interest Income 30 36 42
Other Income 3 4 4
Total Income 33 40 46
Operational Cost 14 13 15
Profit before Provisioning 19 27 31
Provisioning 11 7 4
Profit after Provisioning 8 20 28
PAT 4 16 18
No. of Shares (after IPO) 4.26 4.26 4.26
EPS 0.9 3.8 4.2
AUM 342.00 412.00 472.00
G.NPA 2.69% 3.57% 4.90%
ROA 3.58% 3.58% 1.10%
 

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
 

Lead Manager of Akme Fintrade (India) Limited IPO:

  1. Gretex Corporate Services Private Limited

Registrar of Akme Fintrade (India) Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

AKME Business Centre (ABC), 4-5 Subcity Centre, Savina Circle opp. Krishi Upaz Mandi Udaipur, Rajasthan - 313002  

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