1 Share Becomes 10! 1:10 Stock Split Set For April 18—Are You Eligible For 10x Shares?

An NBFC (Non-Banking Financial Company) that specialises in lending business and vehicle loans in the rural and semi-urban areas of the country. The firm made its initial public offering (IPO) in June 2024 and operates across Gujarat, Madhya Pradesh, Rajasthan, and Maharashtra. After the Board announced the record date for a 1:10 stock split to boost retail participation and promote market liquidity, Akme Fintrade (India) shares finished Monday's trading session on the BSE 2.39% down at Rs 65.32 per share, with a market capitalisation of Rs 278.75 Cr. Here are some facts that investors need to be aware of about the 2025 stock split.

Akme Fintrade Stock Split Record Date

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company has fixed Friday, April 18, 2025 as the 'Record Date' for determining the eligibility of Shareholders for the purpose of sub-division / split of equity shares of the Company, such that 1 (One) equity share having face value of Rs 10 (Rupees Ten Only) each, fully paid-up, be sub-divided / split into 10 (Ten) equity shares having face value of Rs 1 (Rupee One Only) each," said Akme Fintrade in a stock exchange filing.

Akme Fintrade Q3 Financials

The company's revenue from operations increased 41.07% YoY to Rs 2,809.68 Lakhs in Q3 FY 25 from Rs 1,991.69 Lakhs in Q3 FY 24. In Q3 FY25, it recorded a profit before tax of Rs 1188.29 lakhs, up 92.29% year on year from Q3 FY24's PBT of Rs 617.98 lakhs. The company's net profit increased 59.51% year on year to Rs. 893.27 Lakhs in the December 2024 quarter from Rs. 560.02 Lakhs in the December 2023 quarter. According to Akme Fintrade, its Q3 FY25 EPS earnings per share (EPS) were Rs. 2.03, up from Rs. 1.40 in Q3 FY24.

Mr. Akash Jain (CEO) said, "Looking ahead, we remain committed to expanding our geographical presence and digital capabilities, strengthening our balance sheet, and enhancing customer experience. With a strong capital position and a well-diversified lending portfolio, we are confident in our ability to sustain long-term growth and create value for all stakeholders. We continue to strive to increase our geographical presence to more regions across the country, and also have several new products in the pipeline, such as electronic vehicle financing, specialized loans for women entrepreneurs. This aligns with our motto to empower the rural, less privileged sections of our nation with easy financing options."

Akme Fintrade Share Price Target

"Akme Fintrade stock price is bearish on the Daily charts with strong resistance at 71. A Daily close below support of 65 could lead to a target of 61 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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