Indian non-banking financial company, Akme Fintrade, has re-filed draft papers with the Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO). The IPO will consist of a fresh issuance of 1.1 crore equity shares and will be listed on the BSE and NSE. The company primarily offers lending solutions to customers in Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. The proceeds from the IPO will be used to augment the company’s capital base. Sebi has recently returned preliminary papers for several companies, including OYO.
