Kanga & Co acts on Akme Fintrade IPO

Akme Fintrade (India) Limited has successfully completed its Initial Public Offering of 1,10,00,000 Equity Shares of Face Value of ₹10/- for cash at a price of ₹120/- per Equity Shares, including a share premium of ₹110/- per Equity Share aggregating to ₹13,200 lakhs (“Issue”) on June 26, 2024.

Kanga & Co acted as the sole Legal Advisor to the Issue.

The transaction team consisted of Chetan Thakkar (Senior Partner), Tejal Patankar (Principal Associate), Nishi Jain (Associate) and Siddhi Chauhan (Associate).

Akme Fintrade is a non-banking finance company registered with the Reserve Bank of India, as a non-systemically important non-deposit taking company, with lending experience in rural and semi-urban India, focusing on providing lending solutions to meet the needs and aspirations of the rural and semi-urban populace.

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