Aasaan Loans IPO
Aasaan Loans IPO — date, price band, lot size & details 2024
Aasaan Loans listed on 26 Jun 2024 at ₹127, 5.8% above the ₹120 issue price.
Akme Fintrade (India), known for Aasaan Loans, is an NBFC lending vehicle and small business loans in rural and semi-urban areas of four states. Its total income was Rs 69.57 crore in FY2023.
Stock price
Aasaan Loans is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening 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
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 21 Jun, 2024 |
|---|---|
| Price Band | ₹114 – ₹120 |
| Face Value | ₹10 |
| Lot Size | 125 Shares |
| Issue Size | ₹132 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 15,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 125 shares at the ₹120 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 125 | ₹15,000 |
| Retail (max) | 13 | 1,625 | ₹1,95,000 |
| S-HNI (min) | 14 | 1,750 | ₹2,10,000 |
| S-HNI (max) | 66 | 8,250 | ₹9,90,000 |
| B-HNI (min) | 67 | 8,375 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01The whole Rs 132 crore issue was fresh capital for lending growth.
- 02Total borrowing fell from Rs 317.82 crore on 31 March 2021 to Rs 195.19 crore on 31 December 2023.
- 03Net worth grew from Rs 130.26 crore on 31 March 2021 to Rs 217.01 crore on 31 December 2023.
- 04The source puts the PAT margin at 22.93%.
- 05The pre-issue P/E was 24.05 at the upper band of Rs 120, based on EPS of Rs 4.99.
Risks · 5
- 01Total income fell from Rs 86.79 crore in FY2021 to Rs 69.57 crore in FY2023.
- 02Profit has swung, from Rs 16.31 crore in FY2021 to Rs 4.12 crore in FY2022.
- 03Lending is concentrated in 4 states and in rural borrowers, who are sensitive to farm incomes.
- 04The source puts return on net worth at only 5.81%.
- 05Promoters and the promoter group held 56.01% before the issue and 41.57% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Aasaan Loans offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Aasaan Loans RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Aasaan Loans IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹4.99 | ₹3.83 |
| P/E Ratio (x) | 24.05 | 31.33 |
| Market Cap at Offer Price (₹ Cr) | ₹294.59 | ₹383.81 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹120 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹117.94 Cr of the issue is earmarked to named objects.
Aasaan Loans IPO Anchor Investors
4 anchor investors across 2 fund houses committed ₹37.61 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| 3 Sigma Global Fund | - | 833,500 | 10.00 | 26.59% |
| Zeal Global Opportunities Fund | Zeal Global | 416,750 | 5.00 | 13.29% |
| Sb Opportunities Fund I | - | 1,250,250 | 15.00 | 39.88% |
| Vikasa India Eif I Fund - Incube Global Opportunitie | - | 634,500 | 7.61 | 20.24% |
| Total anchor allocation | 37.61 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its portfolio includes vehicle finance and business finance products for small business owners, tailored to rural and semi-urban customers.
It works in Rajasthan, Maharashtra, Madhya Pradesh and Gujarat, with its registered office in Udaipur and corporate office in Mumbai.
The IPO was Rs 132 crore and was entirely fresh issue. Rs 117.94 crore was planned to augment the capital base for future lending.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Aasaan Loans IPO Documents
Read the filings this page is built from.
Company contact
Frequently asked
What is the GMP of Aasaan Loans?
The current Grey Market Premium is ₹15, or 12% over the issue price.
What is the Aasaan Loans IPO price band?
₹114 to ₹120, on a face value of ₹10.
When is the allotment?
The basis of allotment is 24 June 2024, with listing on 26 June 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
