Akme Fintrade debuts with 6% rise

New Delhi: Shares of non-banking finance company AkmeFintrade (India) Ltd listed nearly 6 per cent higher on Wednesday against the issue price of Rs120.The stock began the trade at Rs125.70, reflecting a jump of 4.75 per cent from the issue price on the BSE.

It later climbed 9.95 per cent to Rs131.95. At the NSE, shares of the company listed at Rs127, up 5.83 per cent. The company’s market valuation stood at Rs563.10 crore. The initial public offering (IPO) of AkmeFintrade (India) Ltd received 55.12 times subscription on the closing day of bidding on Friday.