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News Details

14/06/2024 12:11

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Akme Fintrade (India announces launch of initial public offering

Akme Fintrade (India) Ltd. has announced public offering of 11000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 110.00 per share. The gross proceeds of the issue are expected to be Rs 13,200.00 lakhs.

The company's initial public offer (IPO) will open on 19 June 2024 and is expected to close on 21 June 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 114.00-120.00 per share.

The IPO includes a fresh Issue of 11000000 Equity Shares of the Company at an price of Rs 120.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 125 shares with bids in multiples of 125.

Akme Fintrade (India) Ltd. anticipates using the proceeds of the issue for .

Gretex Corporate Services Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.