Akme Fintrade shares list at 6% premium over issue price

Ahead of the listing, the company's shares were trading in the unlisted market with a Grey Market Premium (GMP) of Rs 18. The IPO, consisting solely of a fresh equity sale of 1.1 crore shares, was oversubscribed by 53 times at closure. Due to intense competition in the domestic NBFC sector, analysts expressed caution regarding the IPO.