Aasaan Loans IPO Subscription Status
Aasaan Loans IPO was subscribed 54.49 times when bidding closed on 21 Jun 2024: QIB 28.12x, NII 129.98x, Retail 44.58x.
The Akme Fintrade (India) IPO has been subscribed 54.49x times overall. Retail investors have shown interest with bids for 44.58x the shares available. The Non-Institutional Investor (NII) category has been subscribed 129.98x. Within NII, Big HNI (B-HNI) subscribed 121.56x and Small HNI (S-HNI) subscribed 146.83x. Qualified Institutional Buyers (QIBs) have subscribed 28.12x. Data last updated on 10 Nov, 06:41 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 19 Jun, 2024 and closes on 21 Jun, 2024. The shares are expected to list on stock exchanges on 26 Jun, 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 28.12x |
| NII | - of - - | 129.98x |
bHNI — bid amount above ₹10 Lakh |
- - | 121.56 |
sHNI — bid amount ₹2–10 Lakh |
- - | 146.83 |
| Retail | - of - - | 44.58x |
| Employee | - of - - | 5.42x |
| TOTAL | - - | 54.49x |
Akme Fintrade (India) IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 45 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 28.12x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
21 Jun 2024
Day 3 |
54.49x | ▼ | |
|
QIB28.12x
BHNI121.56x
SHNI146.83x
Retail44.58x
Employee5.42x
|
|||
|
20 Jun 2024
Day 2 |
11.63x | ▼ | |
|
QIB0.17x
BHNI18.04x
SHNI30.58x
Retail15.16x
|
|||
|
19 Jun 2024
Day 1 |
3.01x | ▼ | |
|
QIB0.02x
BHNI4.33x
SHNI6.8x
Retail4.18x
|
|||
Akme Fintrade (India) IPO dates
From the bidding window to listing. Today is 14 November.
- Open 19 Jun 2024
- Close 21 Jun 2024
- Allotment 24 Jun 2024
- Refund/credit 25 Jun 2024
- Listing 26 Jun 2024
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
| # | Anchor Investor | Group Entity | Amt (₹ cr.) | % Allocated | |
|---|---|---|---|---|---|
| 1 | SB OPPORTUNITIES FUND I | - | ₹15.00 Cr | 39.88% | |
| 2 | 3 SIGMA GLOBAL FUND | - | ₹10.00 Cr | 26.59% | |
| 3 | VIKASA INDIA EIF I FUND - INCUBE GLOBAL OPPORTUNITIE | - | ₹7.61 Cr | 20.24% | |
| 4 | ZEAL GLOBAL OPPORTUNITIES FUND | ZEAL GLOBAL | ₹5.00 Cr | 13.29% | |
| TOTAL | ₹37.61 Cr | 100.00% |
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Akme Fintrade (India) IPO?
As of IPO close date (21 Jun, 2024), the Akme Fintrade (India) IPO is subscribed 54.49x times. Retail category is 44.58x, and NII is 129.98x subscribed.
When is the allotment date for Akme Fintrade (India) IPO?
The allotment for Akme Fintrade (India) IPO is expected to be finalized on 24 June, 2024.
What is the GMP of Akme Fintrade (India)?
The Grey Market Premium (GMP) for Akme Fintrade (India) is currently ₹15, indicating a potential listing gain of 12%.
When will Akme Fintrade (India) IPO list on the stock market?
Akme Fintrade (India) is scheduled to list on BSE and NSE on 26 June, 2024.
What are the chances of getting allotment in Akme Fintrade (India) IPO?
The retail category is oversubscribed at 44.58x, meaning allotment is by lottery. Statistically, approximately 1 in 45 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 28.12x mean for Akme Fintrade (India) IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 28.12x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Akme Fintrade (India) IPO allotment status?
After the allotment date (24 Jun, 2024), you can check your Akme Fintrade (India) IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Akme Fintrade (India) IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
