Akme Fintrade re-files DRHP with SEBI
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Akme Fintrade (India) has re-filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). Going by the fresh draft papers, the size of the IPO remains unchanged. The initial share sale comprises fresh issuance of 1.1 crore equity shares with no offer for sale (OFS) component.
Proceeds of the issue are proposed to be used to augment the capital base of the company. Gretex Corporate Services is the sole book running lead manager to the issue. The equity shares of the company will be listed on the BSE and NSE. The company had first filed its draft paper with the markets regulator on February 16, 2023.
Akme Fintrade is primarily engaged in providing rural and semi-urban centric lending solution to customers in four states -- Rajasthan, Maharashtra, Madhya Pradesh and Gujarat. The company's portfolio includes vehicle finance and business finance products to small business owners.
