Subscribe- Long Term Akme Fintrade (India) Ltd; Anand Rathi

Anand Rathi, has come out with its report on Akme Fintrade (India) Ltd. The research firm has recommended to “ Subscribe- Long Term” the ipo in its research report as on Jun 19 2024.

Broker Research

June 19, 2024 / 12:45 IST

IPO

Anand Rathi, IPO report on Akme Fintrade (India) Ltd

Akme Fintrade (India) is a non-banking finance company (“NBFC”) incorporated in the year 1996, registered with the Reserve Bank of India as a Non-systemically important non-deposit taking company with over two decades of lending experience in rural and semi-urban geographies in India. They are primarily engaged in rural and semiurban-centric lending solutions to look after the needs and aspirations of the rural and semi-urban populace. Their portfolio includes Vehicle Finance and Business Finance Products to small business owners. Company has a long history of serving rural and semi-urban markets with high growth potential and have maintained a track record of financial performance and operational efficiency through consistently high rates of customer acquisition and retention and low-cost expansion into underpenetrated areas. Therefore, they strategically focus on clients in the rural and semi-urban sector. Their digital lending platform, www.aasaanloans.com, is currently under development and will be rolled out in a phased manner.

Valuation and Outlook

Akme Fintrade (India) Ltd. is well established Vehicle Finance, small businesses lending business with customer centric approach and deep understanding of target customers and access to diversified sources of capital and effective asset liability management along with Hub and Spoke business model that improves efficiencies and decreases costs. At the upper price band company is valuing at P/E of 27.64x, P/BV of 1.52x with a market cap of ₹ 5,121 million post issue of equity shares and return on net worth of 7.72%.

For all IPO report, click here