Akme Fintrade IPO allotment – How to check allotment, GMP, listing date and more

• Akme Fintrade is expected to announce its share allotment status on Monday, June 24.
• The shares of Akme Fintrade were subscribed 53.59 times.
• The shares are expected to be listed on the stock exchanges on June 26.

Udaipur-based Akme Fintrade, a non-banking financial company which provides lending solutions to the rural and semi-urban populations is expected to announce the allotment status of its initial public offering (IPO) on Monday, June 24.

The Akme Fintrade IPO opened on June 19 and closed on June 21. The price band for the IPO was ₹114 to ₹120 per share.

Robust subscription

On the last day, the Akme Fintrade IPO was subscribed 53,59 times, receiving bids for 42.15 crore equity shares against 78.65 lakh shares on offer.

While the qualified institutional buyer portion was subscribed 28.12 times, the non-institutional investors portion was subscribed 129.18 times. The retail portion also witnessed excellent participation and was subscribed 43.02 times. The employee portion was subscribed 5.28 times.

Grey market premium

The shares of Akme Fintrade are currently commanding a grey market premium (GMP) of ₹45 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Here’s how to check the IPO’s allotment status

You can check the allotment status on the registrar’s website.

• To check the Akme Fintrade IPO allotment status, visit the registrar’s website here.
• Click on ‘Select Company’ and then select ‘Akme Fintrade’.
• Now, select PAN, application number, or beneficiary ID and provide the details.
• Now, enter the captcha.
• Click on “Search”.

You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the Akme Fintrade IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

• Go to the BSE website.
• On the website, click on 'Equity' and then select ‘Akme Fintrade’ from the dropdown menu.
• Now, enter your application number and PAN.
• Click on 'Search'.

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

Akme Fintrade IPO listing date

The shares of Akme Fintrade will be listed on the stock exchanges on June 26.

Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice.

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