Acme Fintrade (India) Limited has recently made headlines by partnering with MAS Financial Services to co-lend within the Micro, Small, and Medium Enterprises (MSME) sector. This strategic collaboration aims to enhance credit access for underfunded MSMEs, allowing them to thrive in a competitive marketplace. Following the announcement, Acme Fintrade’s shares saw a notable increase, rising by up to 3 percent, ultimately closing at Rs 111.75 on the Bombay Stock Exchange (BSE), marking a modest gain of 0.13 percent. The company’s market capitalization now stands at Rs 476.89 crore, with the stock boasting a 52-week high of Rs 134.70 and a low of Rs 93.05.
Partnership Plan Details
This partnership aims to improve access to credit for MSMEs through a fully digital lending platform. The co-lending model is structured so that Acme Fintrade will take on 20 percent of the loan exposure, while MAS Financial Services will manage the remaining 80 percent. This arrangement allows for shared risk and helps simplify the lending process for small businesses in need of funding.
Innovative Digital Lending Platform
The integration of a seamless digital lending platform means that the loan approval process is completely electronic, covering all aspects of the loan lifecycle—from customer onboarding to disbursement and monitoring. This fully digital approach eliminates the need for manual intervention, resulting in faster approval times and greater efficiency in managing loans. MSMEs, often hindered by bureaucratic processes, will benefit significantly from this streamlined method.
Upcoming IPO Information
Acme Fintrade is also preparing for a significant milestone with its Initial Public Offering (IPO), set to be listed on stock exchanges on June 26, 2024. On the National Stock Exchange (NSE), shares opened at Rs 127, reflecting a 5.83 percent increase over the issue price of Rs 120. The BSE saw a similar trend, with shares opening at Rs 125.70, marking a 4.75 percent rise. Established in 1996, Acme Fintrade is recognized as a publicly listed Non-Banking Finance Company (NBFC), catering to the financial needs of rural and semi-urban communities.
Focus on Community Finance
Acme Fintrade concentrates its efforts on delivering vehicle and business loans, specifically tailored to support small business owners and communities needing financial assistance. By offering adaptable financial products, the company aims to empower entrepreneurs in rural areas and foster economic development within these regions.
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