Akme Fintrade Allots ₹50 Crore NCDs; Shares Fall 1.25%

Authored By HDFC Sky | Published at: Oct 19, 2026 01:21 PM IST

Akme Fintrade (India) Limited has allotted 50,000 secured, listed, rated, redeemable non-convertible debentures (NCDs) worth ₹50 crore. The allotment comprises ₹25 crore each under Series A1 and Series A2, carrying annual interest rates of 11.40% and 11.60%, respectively.

Stocks in News

AFIL

₹7.30

-8.75%

Know More

Akme Fintrade Allots ₹50 Crore NCDs; Shares Fall 1.25%

Open Free Demat Account

Mumbai, October 19: Akme Fintrade (India) Limited has allotted 50,000 secured non-convertible debentures (NCDs) with a face value of ₹10,000 each, raising ₹50 crore through private placement. The company’s board approved the allotment at its meeting on Monday.

Akme Fintrade NCD Issue Details

The ₹50 crore allotment is divided equally between two series:

Series A1: 25,000 NCDs worth ₹25 crore, carrying an annual interest rate of 11.40% and maturing on October 19, 2028.
Series A2: 25,000 NCDs worth ₹25 crore, carrying an annual interest rate of 11.60% and maturing on April 19, 2029.

Both series comprise secured, listed, rated, senior, transferable and redeemable NCDs. The securities are proposed to be listed on the National Stock Exchange of India (NSE).

Interest will be paid monthly, while the principal will be repaid at maturity under the terms of the debenture trust deed. The company is required to maintain a minimum security cover of 1.10 times during the debentures’ tenure.

The allotment provides Akme Fintrade with debt funding through privately placed securities. The company has not disclosed the specific end use of the proceeds in the allotment announcement.

Stock Market Snapshot

The Akme Fintrade share price was trading 1.25% lower at ₹7.90 on Monday, October 19, 2026, compared with the previous close of ₹8. The stock opened at ₹7.92.

The shares traded lower during the session in which the company disclosed the NCD allotment. The price movement alone does not establish that the announcement caused the decline.

AKME share

About Akme Fintrade

Akme Fintrade (India) Limited is a non-banking financial company (NBFC) engaged in lending and financial services. Its funding activities include raising capital through debt instruments such as non-convertible debentures.

Also Read: Jio Platforms IPO: What Its Prospectus Reveals About Revenue, Debt and Risk

Conclusion

Akme Fintrade has raised ₹50 crore through two series of secured NCDs offering annual interest rates of 11.40% and 11.60%. The securities have different maturity dates, extending from October 2028 to April 2029.

Source:

https://www.nseindia.com/get-quote/equity/AFIL/Akme-Fintrade-(India)-Limited
https://nsearchives.nseindia.com/corporate/AKMEFINTRADE_19102026114449_Outcome_of_BM.pdf

Disclaimer

At HDFC SKY*, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations.
HDFC SKY from HDFC Securities, one of most trusted trading platforms in India, has been recognized with the *Next-Gen Digi Content Awards 2025-26.

View Company Details Akme Fintrade (India) News

Join Us

Add as preferred source on Google

Summarize with AI

The information shared here is intended solely for informational and educational purposes and does not constitute investment recommendations. While we practice strict due diligence in curating daily market data, readers must perform independent research before trading. To flag any real-time data discrepancies or content concerns, please write to us at content@hdfcsec.com.