Akme Fintrade IPO
NBFC/Rural Finance - Listed on 26 June 2024
Akme Fintrade IPO listing summary
Akme Fintrade (NBFC/Rural Finance) closed its IPO window in 2024 and listed on NSE and BSE on 26 June 2024 at an upper band issue price of Rs 120, opening at Rs 127 for a listing gain of +5.8% and closing day one at Rs 133.35 (+11.1% on closing basis). The IPO was subscribed 55.12x overall - QIB 28.12x, HNI/NII 130.33x, Retail 45.78x. The total issue size was Rs 132 Cr (Fresh Issue Rs 132 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Akme Fintrade IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 29 | +20.83% |
| Day 2 | Rs 32 | +27.50% |
| Day 3 | Rs 34 | +38.33% |
| Day 4 | Rs 42 | +38.33% |
| Day 5 | Rs 46 | +35.00% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Akme Fintrade IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Akme Fintrade IPO - FAQs
What was the listing gain of Akme Fintrade IPO?
Akme Fintrade IPO listed at +5.8% versus the upper issue price of Rs 120 on 26 June 2024.
How many times was Akme Fintrade IPO subscribed?
Akme Fintrade IPO was subscribed 55.12x overall. QIB portion was subscribed 28.12x, HNI / NII 130.33x and Retail 45.78x.
What was the IPO GMP for Akme Fintrade?
IPO GMP started at Rs 29 on Day 1 and moved to Rs 46 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.