The IPO for Akme Fintrade opened today, Wednesday, June 19, and saw strong interest from retail investors right away. Within the first two hours, the retail portion was fully subscribed.
IPO Details:
- Subscription Period: The IPO is open from June 19 to June 21.
- Anchor Investors: On June 18, Akme Fintrade secured ₹38 crore from anchor investors, including Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1, and Vikasa India EIF Fund 1.
Current Subscription Status:
- Retail Investors: The retail segment was subscribed 1.25 times by 11:50 am, with bids for 45,66,250 shares against the 36,57,500 shares available.
- Non-Institutional Investors (NIIs): The NII segment was fully subscribed 1.02 times, with bids for 16,10,500 shares against 15,67,500 available.
- Overall Subscription: The total subscription stood at 0.82 times, with bids for 64,36,125 shares out of the 78,65,000 shares offered.
The IPO has attracted significant attention, and investors are keenly participating in this opportunity.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
