The Aasaan Loans IPO is set to launch on June 19, 2024, and will close on June 21, 2024. This IPO aims to raise Rs. 132 crores through a fresh issue. Here's everything you need to know about this investment opportunity.
The Aasaan Loans IPO Details are outlined below, providing essential information for potential investors.
| Particulars | Details |
|---|---|
| IPO Open Date | June 19, 2024 |
| IPO Close Date | June 21, 2024 |
| IPO Size | Rs. 132 Crores |
| Fresh Issue | Rs. 132 Crores |
| Face Value | Rs. 10 Per Equity Share |
| Price Band | Rs. 114 to Rs. 120 Per Share |
| Listing On | BSE & NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
Checkout the List of Upcoming IPO.
Aasaan Loans, officially known as Akme Fintrade India Limited, is a non-banking finance company (NBFC) established in 1996. The company is registered with the Reserve Bank of India as a non-systemically important non-deposit-taking company. Aasaan Loans primarily focuses on providing lending solutions to rural and semi-urban areas in India, catering to the needs and aspirations of these regions.
Key Highlights
Aasaan Loans has shown consistent financial performance over recent years, as highlighted in the table below.
| Year | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | Rs. 86.79 Crores | Rs. 67.59 Crores | Rs. 16.31 Crores |
| 2022 | Rs. 67.50 Crores | Rs. 59.91 Crores | Rs. 4.12 Crores |
| 2023 | Rs. 69.57 Crores | Rs. 49.52 Crores | Rs. 15.80 Crores |
| Dec 2023 | Rs. 53.45 Crores | Rs. 38.29 Crores | Rs. 12.25 Crores |
Understanding the strengths and weaknesses of Aasaan Loans is crucial for making informed investment decisions.
| Strengths | Weaknesses | ||
|---|---|---|---|
| Extensive experience in rural and semi-urban lending | High competition from other NBFCs | ||
| Strong financial performance and customer retention | Dependence on the rural economy | ||
| Diversified product portfolio | Regulatory risks | ||
| Wide geographical footprint | Potential impact of economic downturns | ||
| Launch of a digital lending platform | Operational challenges in new markets | ||
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The price band for the Aasaan Loans IPO is set between Rs. 114 to Rs. 120 per share. This range determines the minimum and maximum price at which the shares will be offered during the IPO.
The Aasaan Loans IPO aims to raise approximately Rs. 132 crores. This includes a fresh issue of shares to generate new capital for the company.
The minimum lot size for the Aasaan Loans IPO is 125 shares. This means investors need to purchase at least 125 shares in one go to participate in the IPO.
The minimum lot size is 125 shares.
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