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Aasaan Loans IPO
Price Band
₹114.0–120.0
Issue Size
₹132.0 Cr
Lot Size
125 shares
Min Investment
₹15,000
GMP
+₹16.0 (13.33%)
Issue Price
₹120.0
Subject to Sauda
₹1500
Paid only if allotted
Aasaan Loans IPO AI Summary
- Aasaan Loans IPO is listed on BSE, NSE in the Non Banking Financial Company (NBFC) sector.
- Price band: ₹114.0–₹120.0 per share, lot size 125 shares (min. investment ₹15,000).
- Subscription window: 19 Jun–21 Jun 2024, listing on 26 Jun 2024.
- Current GMP is +₹16.0 (13.33%), an estimated listing price of ₹136 — unofficial and can change daily.
Aasaan Loans is set to launch its IPO with a price band of ₹114.0 to ₹120.0, aimed at augmenting its capital base. The company has shown growth in total income and profit over the past years, although recent figures indicate a decline in income for the most recent period. Investors should consider the company's positioning in the NBFC sector and its focus on rural lending.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Aasaan Loans IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 21 Jun 2024 — not a current signal.
2 of 3 reviewers say Neutral
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Aasaan Loans IPO Grey Market Premium (GMP) Today
GMP
+₹16.0
GMP %
+13.33%
Est. Listing
₹136.0
Updated: 25 Jul 2026 14:05
About the Company
Incorporated in 1996, Akme Fintrade India Ltd is a non-banking financial company (NBFC) with over 20 years of experience in lending to rural and semi-urban areas in India. The company mainly provides lending solutions tailored to the needs and aspirations of rural and semi-urban populations. Its portfolio comprises Vehicle Finance and Business Finance Products for small business owners. The company operates in rural and semi-urban areas across four Indian states - Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. It has a registered office in Udaipur, Rajasthan, and a Corporate Office in Mumbai, Maharashtra. With 12 branches and over 25 points of presence, including digital and physical branches, it has served over 200,000 customers. The company finances the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto rickshaws, for salaried professionals and self-employed non-professionals. The company has 125 permanent employees as of December 31, 2023, and prioritizes their overall welfare.
Company Financials (₹ Cr)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 417.96 | 390.50 | 374.01 | 455.40 |
| Total Income | 53.45 | 69.57 | 67.50 | 86.79 |
| Profit After Tax | 12.25 | 15.80 | 4.12 | 16.31 |
| NET Worth | 217.01 | 204.78 | 136.84 | 130.26 |
| Reserves and Surplus | 185.34 | 173.11 | 115.03 | 108.45 |
| Total Borrowing | 195.19 | 177.76 | 230.06 | 317.82 |
Key Ratios
EPS
₹3.87
NAV
₹68.51
ROE
5.64%
RoNW
5.81%
PAT Margin
22.93%
Debt/Equity
2.49
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| CSL Finance Limited | 174.85 | 12.59% | 22.7 | 22.02 | 21.4 |
| Arman Financial Service Limited | 430.61 | 25.65% | 20.99 | 110.47 | 107.28 |
| Cholamandalam Investment And Finance Company Ltd | 174.52 | 18.58% | 33.52 | 32.44 | 32.38 |
| Shriram Finance Limited | 1162.12 | 13.82% | 14.73 | 160.54 | 159.83 |
| Mas Financial Services Ltd | 277.83 | 13.55% | 26.47 | 37.18 | 37.18 |
| Akme Fintrade India Ltd This IPO | 64.65 | 7.72% | — | 5.85 | 5.85 |
Promoters
Nirmal Kumar Jain, Manju Devi Jain, Dipesh Jain and Nirmal Kumar Jain (HUF)
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Augmenting the capital base of Company to fulfil its future capital requirement 117.94 Total 117.94
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹67.50 Cr in the year ending 31 Mar 2022, rising to ₹69.57 Cr by 31 Mar 2023. However, it decreased to ₹53.45 Cr in the most recent period ending 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹4.12 Cr in the year ending 31 Mar 2022, increasing to ₹15.80 Cr by 31 Mar 2023. It then fell to ₹12.25 Cr in the most recent period ending 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹120.0, Aasaan Loans has an implied P/E ratio of approximately 30.96, compared to peers trading at a P/E range of 14.73 to 33.52.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the stock may list at a higher price than its issue price, while a negative GMP indicates the opposite. Investors often use GMP as a gauge of market sentiment towards the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's financial health and growth potential.
Who May Want to Wait
Investors with a low-risk appetite or those seeking immediate returns may want to avoid IPOs like this, which can be subject to market fluctuations and may not provide quick gains.
IPO Timeline, Explained
The IPO opens for subscription on June 19, 2024, and closes on June 21, 2024. Allotment of shares is expected to be finalized by June 24, 2024, with the listing date set for June 26, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when the stock lists on the exchange at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock on the listing day.
This evaluation is generated from Aasaan Loans's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Aasaan Loans IPO GMP today?
Aasaan Loans IPO GMP today is +₹16.0 (13.33%), indicating an estimated listing price of ₹136. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Aasaan Loans IPO?
The price band of Aasaan Loans IPO is ₹114.0–₹120.0 per share.
When does Aasaan Loans IPO open and close?
Aasaan Loans IPO opens on 19 June 2024 and closes on 21 June 2024.
When does Aasaan Loans IPO list on the stock exchange?
Aasaan Loans IPO listed on 26 June 2024 at ₹136.0.
What is the lot size for Aasaan Loans IPO?
The lot size for Aasaan Loans IPO is 125 shares, requiring a minimum investment of ₹15,000.
What is the price band for the Aasaan Loans IPO?
The price band for the Aasaan Loans IPO is ₹114.0 to ₹120.0.
What is the minimum investment required?
The minimum investment required is ₹15,000.
What is the lot size for the IPO?
The lot size for the IPO is 125 shares.
When does the Aasaan Loans IPO open and close?
The IPO opens on June 19, 2024, and closes on June 21, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected listing price of an IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
19 Jun 2024
Close
21 Jun 2024
Allotment
24 Jun 2024
Listing
26 Jun 2024
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