Akme Fintrade IPO - Investment Rationale, Financials, Strength, Risks And More: Anand Rathi

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Akme Fintrade IPO Allotment Expected Today; Check Status And Listing Date.Anand Rathi Report.Akme Fintrade (India) Ltd. launched its initial public offering today and the offer for subscription will close on June 21. A non-banking finance company has set a price band of Rs 114–120 per share. The minimum lot size will be 125 sharesThe Rs 132 crore comprises a fresh issue of 1.1 crore equity shares with no offer-for-sale component..Objects of fresh Issueaugmenting the capital base of the company to fulfil its future capital requirementsmeeting Issue-related expenses..Valuation Akme Fintrade is well established vehicle Finance, small businesses lending business with customer centric approach and deep understanding of target customers and access to diversified sources of capital and effective asset liability management along with Hub and Spoke business model that improves efficiencies and decreases costs. At the upper price band company is valuing at P/E of 27.64 times, price/book value of 1.52 times with a market cap of Rs 5,121 million post issue of equity shares and return on net worth of 7.72%. We believe that the IPO is fairly priced and recommend a “Subscribe- Long Term” rating to the IPO..Click on the attachment to read the full report:.Stanley Lifestyles IPO- Investment Rationale, Issue Details, Financials, Strength, Risks And More: Anand Rathi.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Akme Fintrade IPO - Investment Rationale, Financials, Strength, Risks And More: Anand Rathi

The Rs 132 crore IPO launched today and closes on June 21, the company has set a price band of Rs 114–120 per share

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Akme Fintrade IPO - Investment Rationale, Financials, Strength, Risks And More: Anand Rathi

The Rs 132 crore IPO launched today and closes on June 21, the company has set a price band of Rs 114–120 per share

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