Akme Fintrade raises ₹25 cr via NCDs, a small but steady debt raise
The NBFC's loan committee approved listed, secured NCDs on a private placement basis. At 5.5% of market cap, the raise is modest and within the ₹1,200 cr borrowing limit already disclosed.
— 2 earlier stories on Akme Fintrade (India) Ltd. →What's new
- Akme Fintrade’s committee approved NCD issuance up to ₹25 cr.
- NCDs will be listed on NSE with security cover of 1.1x over loan receivables.
- The debt is part of the company's ₹1,200 cr borrowing limit.
Why this matters
The NCD raise is incremental, just 5.5% of market cap, and does not signal a strategic shift. It shows steady execution of the funding plan without straining the balance sheet, given a debt/equity of 0.74.
What we're watching
- Coupon and tenure details in the KID for each series.
- Whether Akme Fintrade accelerates debt issuance in coming quarters.
- Impact on debt/equity ratio after the full NCD allocation.
The full read
Akme Fintrade is raising ₹25 cr through listed NCDs, a small fraction of its ₹442 cr market cap and part of the ₹1,200 cr borrowing limit already on the books. The deal is modest: at 5.5% of market cap, it barely nudges the debt/equity ratio of 0.74. The company's latest quarter showed ₹43 cr sales and ₹12 cr net profit, with trailing revenue growth of 45.5% and PAT growth of 62.6%. The NCD terms include security cover of at least 1.1x over eligible loan receivables, a conservative structure. This is incremental funding, not a strategic pivot. The open question is the coupon, but for now, the raise is routine.
Questions answered
- How does the ₹25 cr NCD compare to Akme Fintrade's market cap?
- The NCD amount is about 5.5% of the ₹442 cr market cap, making it a modest debt raise for the nano-cap NBFC.
- What are the key terms of these NCDs?
- The NCDs are listed, rated, senior, secured, and redeemable on a private placement basis. They carry a security cover of at least 1.1x over eligible loan receivables. Specific coupon, tenure, and redemption terms will be set out in each series' KID.
- Is this a new borrowing limit or part of a previously approved one?
- This is incremental execution under the existing ₹1,200 cr borrowing limit already approved by the board, not a new limit.
- What does this mean for Akme Fintrade's debt levels?
- With a current debt/equity of 0.74, the ₹25 cr additional debt is unlikely to materially change debt levels. It's a routine funding move.
- How has the company performed lately?
- In the latest quarter (Mar 2026), Akme reported sales of ₹43 cr and net profit of ₹12 cr. Trailing revenue growth is 45.5% and PAT growth is 62.6%.
Akme Fintrade (India) Ltd.
Latest quarter · Mar 2026
Leverage & growth
Story so far
All notes on AFIL →- 3 Jul 2026 · 1:11 PM IST Akme Fintrade raises ₹25 cr via NCDs, a small but steady debt raise
- 7d ago Akme Fintrade seeks ₹1,200 cr borrowing limit, dwarfing its ₹442 cr market cap
- 46d ago Akme Fintrade cuts its warrant raise by 39% despite having approval for more.