By Today marks an important milestone for investors in Akme Fintrade as the IPO share allotment is set to be finalized. The excitement and anticipation surrounding the IPO are palpable, reflecting the strong investor interest and confidence in the non-banking finance company. With the subscription status reaching an impressive 55.12 times, Akme Fintrade’s IPO has garnered significant attention since its subscription period opened on June 19 and closed on June 21.
Investors who applied for shares in the Akme Fintrade IPO can check the allotment status on the portal of Bigshare Services Pvt Ltd, the official registrar for this IPO. The process is straightforward: investors need to visit the Bigshare IPO status page, select “Akme Fintrade IPO” from the list of firms, and enter their PAN Number, Beneficiary ID, or Application Number. By pressing “Search,” investors can instantly view the allotment status on their screens.
For those who prefer checking the status through the BSE website, the process involves visiting the BSE allotment page, choosing ‘Equity’ under ‘Issue Type,’ selecting ‘Akme Fintrade IPO’ from the drop-down menu, and entering the application number or PAN. Similarly, the NSE website also offers a way to check the status. Investors must register with their PAN, log in, and then check the status on the next page.
The allotment finalization today will determine which investors receive shares and how many. Those who are allotted shares can expect them to be credited to their demat accounts by June 25. On the same day, the refund process will commence for those who were not allotted any shares. This prompt and efficient process ensures that all investors are informed and updated in a timely manner.
The listing of Akme Fintrade on the stock exchanges is scheduled for June 26, both on the BSE and NSE. This listing date is eagerly awaited, given the strong subscription and the positive signals from the grey market. Currently, the GMP for Akme Fintrade IPO is +30. This premium indicates that the shares are trading at a ₹30 higher value than the issue price of ₹120 in the grey market, suggesting an expected listing price of around ₹150 per share. This would represent a 25% increase over the IPO price, a promising return for early investors.
The IPO, valued at ₹132 crore, is entirely a fresh issue with no offer-for-sale component. The funds raised from this IPO will be utilized to enhance Akme Fintrade’s capital base, supporting its future growth and expansion plans. Additionally, a portion of the proceeds will cover issue-related expenses, ensuring that the company is well-positioned to meet its capital requirements as it continues to grow its business and asset base.
Gretex Corporate Services Limited acted as the book-running lead manager for this IPO, while Bigshare Services Pvt Ltd managed the allotment and refund processes as the registrar. The seamless coordination and management by these entities have contributed to the smooth handling of the IPO subscription and allotment process.
Investors and market watchers are keenly observing the developments today as the allotment status is finalized. The strong subscription rate and the positive grey market premium suggest a successful debut for Akme Fintrade on the stock exchanges. As the IPO journey progresses from subscription to allotment and finally to listing, the company’s ability to attract such high levels of interest and confidence from investors highlights its potential and promising future in the NBFC sector.
The finalization of Akme Fintrade IPO allotment today is a significant event for investors. With the shares expected to list at a premium and the company’s plans for utilizing the IPO proceeds effectively, there is a sense of optimism and excitement surrounding Akme Fintrade’s future prospects. As the company gears up for its listing on June 26, all eyes will be on how it performs on its debut day in the market.
