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.
To expand the company's capital base to meet future capital requirements that are expected to occur as a result of business and asset expansion.
Furthermore, some of the proceeds from the issue will be utilized to fund Issue-related expenses.
– Stable business with a proven lending model for vehicle and small business financing.
– Company has a strong, dedicated, and experienced management team.
– Company has a deep understanding and knowledge of the target audience and industry.
– A pandemic-like situation can affect the company’s operational and financial performance.
– The company promoters are involved in certain legal proceedings.
– It’s a capital-intensive business and requires a continuous supply of capital to operate.