Akme Fintrade's Rs 132 crore IPO subscribed 3 times on Day 1 of offer

Quick Summary:

The initial share sale of non-banking finance company Akme Fintrade (India) Ltd received 3 times subscription on the first day of bidding on Wednesday.

The Rs 132 crore initial public offer received bids for 2,36,47,500 shares against 78,65,000 shares on offer, according to NSE data.

The Initial Public Offer (IPO) has a fresh issue of up to 1.1 crore equity shares.

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Category: BusinessFinance

Markets: India

Topics: Akme Fintrade IPO subscribed 3 times on Day 1 of offer

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-19 @ 18:50:51 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 273 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21313185

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