VMPL

New Delhi [India], June 17: Acme Fintrade (India) Limited is an RBI registered, leading Non-Banking Finance Company (NBFC) established in 1996. The IPO opens on 19 June 2024 and closes on 21 June 2024. Fresh issue of 11,00,000 shares. Book built issue totaling up to Rs 132 crore.

Acme Fintrade (India) Limited has been at the forefront of promoting financial inclusion and empowerment in rural and semi-urban areas in Rajasthan, Maharashtra, Madhya Pradesh and Gujarat.With over two decades of experience, Acme Fintrade (India) Limited has built a strong reputation for understanding and addressing the unique financial needs and aspirations of the rural population.

Trusted by over 200,000 customers, Acme Fintrade (India) Limited offers a range of financial solutions including vehicle finance and secured business.

Finance products that promote growth and prosperity.

Acme Fintrade (India) Limited has been at the forefront of promoting financial inclusion and empowerment in rural and semi-urban areas in Rajasthan, Maharashtra, Madhya Pradesh and Gujarat. With over two decades of experience, Acme Fintrade (India) Limited has built a strong reputation for understanding and addressing the unique financial needs and aspirations of the rural population.Trusted by over 2,00,000 customers, Acme Fintrade (India) Limited offers a range of tailored financial solutions, including vehicle finance and secured business finance products, that promote growth and prosperity.

aasaanloans.com is a digital loan platform powered by Acme Fintrade (India) Limited (AFIL) and is pre-integrated with 30+ third-party APIs, making the operational process easier and faster. This differentiated approach helps identify businesses with low risk and high promise, providing opportunities for those who previously did not have access to long- or short-term financing.

Objectives of the Issue (Easy Loan IPO Objectives)

The Company proposes to utilize the net proceeds from the Issue to enhance the capital base of the Company to meet its future capital requirements which are expected to arise as a result of expansion of business and assets. Additionally, a portion of the proceeds from the issue will be used to meet expenses related to the issue.Greatex Corporate Services Ltd is the book running lead manager of the Asan Loan IPO, while BigShare Services Pvt Ltd is the registrar to the issue.