Question 1

What is the Akme Fintrade (India) Limited IPO?

Accepted Answer

The Akme Fintrade (India) Limited IPO is a mainboard Initial Public Offering where Akme Fintrade (India) Limited is offering its shares to the public for the first time. The issue size is ₹1 crores with a price band of ₹114-120. This allows retail and institutional investors to become shareholders in the company.

Question 2

When will Akme Fintrade (India) Limited IPO open?

Accepted Answer

The Akme Fintrade (India) Limited IPO was open from 19 June 2024 to 21 June 2024. The subscription period has now ended.

Question 3

What is the lot size of Akme Fintrade (India) Limited IPO?

Accepted Answer

The lot size for Akme Fintrade (India) Limited IPO is 125 shares, which means the minimum investment required is approximately ₹15,000 (125 shares × ₹114-120). Retail investors can apply for one or more lots, but applying for a single lot typically gives better allotment chances during oversubscription.

Question 4

How to apply for Akme Fintrade (India) Limited IPO?

Accepted Answer

You can apply for the Akme Fintrade (India) Limited IPO through multiple channels: 1) Online broker platforms like Zerodha, Groww, Angel One, Upstox (most convenient); 2) Internet banking using ASBA facility; 3) Through your bank branch. You'll need a Demat account, linked bank account, PAN card, and sufficient funds. The application process involves selecting the IPO, choosing number of lots, selecting bid price (or cutoff), and authorizing the payment via UPI mandate.

Question 5

When is Akme Fintrade (India) Limited IPO allotment?

Accepted Answer

The Akme Fintrade (India) Limited IPO allotment was completed on Expected 5-7 days after closing. You can check your allotment status on the registrar's website (Link Intime, KFintech, or Bigshare) using your PAN number, application number, or Demat details. Allotted shares will be credited to your Demat account before the listing date. If you don't get allotment, your blocked amount will be unblocked automatically.

Question 6

When is Akme Fintrade (India) Limited IPO listing date?

Accepted Answer

The Akme Fintrade (India) Limited IPO was listed on 26 June 2024. On listing day, shares will start trading on the stock exchanges, and you can sell your allotted shares or hold them for long-term investment based on your strategy. Listing price depends on market demand and may be above, below, or at the issue price.

Question 7

Was GMP of Akme Fintrade (India) Limited IPO reliable?

Accepted Answer

The Grey Market Premium (GMP) for Akme Fintrade (India) Limited IPO was ₹16 before listing. The actual listing price was ₹127, giving a listing gain of 5.8% (₹7 per share). The GMP was fairly accurate and close to the actual listing performance. This demonstrates that while GMP can be an indicator, it's not always accurate and should be used alongside fundamental analysis.

Question 8

How much profit have I made if I held Akme Fintrade (India) Limited IPO after allotment?

Accepted Answer

If you were allotted shares at the issue price of ₹120 and held them until now, your current gain is -91.6% (₹-110 per share). For one lot of 125 shares, your loss would be ₹13,750. On listing day, the stock opened at ₹127 (5.8% gain). The stock has corrected from listing day highs. Remember, past performance doesn't guarantee future results, and investment decisions should be based on the company's fundamentals and your investment goals.

Application	Lots	Shares	Amount
Retail(min) Retail Individual Investors - Investment up to ₹2 lakhs (min 1 lot)	1	125	₹15,000
Retail(max) Retail Individual Investors - Investment up to ₹2 lakhs (min 1 lot)	13	1,625	₹1.95L
SHNI(min) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	14	1,750	₹2.10L
SHNI(max) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	66	8,250	₹9.90L
BHNI(min) Big HNI - Investment above ₹10 lakhs	67	8,375	₹10.05L

IPO Master

Akme Fintrade (India) Limited

Market Performance

Stock Price Chart

Market Lot Size

IPO Timeline

IPO Opens

IPO Closes

Allotment

Listing

AI Research Analysis Not Available

Allotment Status

Frequently Asked Questions about Akme Fintrade (India) Limited IPO