Mumbai, Feb 24: Akme Fintrade (India) Limited (AFIL) is looking to raise close to ₹ 85.75 crore through preferential issue of warrants. It plans to issue up to 12,25,00,000 convertible warrants into equivalent number of fully paid-up equity shares having Face Value of ₹ 1 each at a price of ₹ 7.
The warrants will be convertible into equity shares in one or more tranches within a period of 18 months from the date of allotment of the Warrants. An amount equivalent to 25% of the consideration of the warrants would be payable at the time of application and the balance 75% of the total consideration would be payable at the time of conversion of the warrants into equity shares. The funds raised would help the NBFC grow its lending portfolio in the rural and semi urban markets of India.
Commenting on the development, Mr Akash Jain, CEO, Akme Fintrade, said,
“The preferential allotment of warrants will help strengthen our capital base and enable us to shore up our lending portfolio, particularly in the fast-growing vehicle, SME and LAP segments. Further investment by promotors in the warrants also shows the faith on the current management team. We have a strong presence in the rural and semi urban markets and this fund raising will help us to further strengthen our network in these markets.”
For the quarter ended December 31, 2025, Akme Fintrade registered 16.35% growth in net profit at ₹ 10.39 crore, as against ₹ 8.93 crore in the same period last year on the back of higher disbursements of vehicle loans. Gross interest income increased by 38.26% at ₹ 37.26 crore for the quarter under review, as compared with ₹ 26.95 crore registered in the same period last year. The company’s net interest income grew by 17.49% over previous quarter at ₹ 21.36 crore. AUM increased by 12.40% during this quarter backed by a steady demand for loans particularly from vehicle segment.