Akiko Global Services Limited partners with major banks and non-banking financial companies (NBFCs) in India. The company has six years of experience and specializes in distributing and selling financial products, such as credit cards and loans.
The company specializes in helping banks and financial institutions in India sell credit cards and personal loans.
The Money Fair, powered by Akiko Global Services Limited, is a technology platform that uses algorithms to gather and analyze data to assess creditworthiness. It provides insights for easy comparison of offers and aims to increase the chances of securing a loan or a card for customers.
As of April 30, 2024, the company employs 418 permanent staff, including its directors and key managerial personnel.
Akiko Global Services IPO – Details
| IPO Opening Date | 25 June 2024 |
| IPO Closing Date | 27 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 30,01,600 Shares Worth ₹23.11 Crore Fresh Issue: 30,01,600 Shares Worth ₹23.11 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹73 – ₹77 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot ) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Akiko Global Services IPO – Date Schedule
| IPO Open Date | 25 June 2024 |
| IPO Close Date | 27 June 2024 |
| Basis of Allotment | 28 June 2024 |
| Initiation of Refund | 01 July 2024 |
| Credit of Shares to Demat Account | 01 July 2024 |
| IPO Listing Date | 02 July 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
Akiko Global Services IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,23,200 |
| Retail (Maximum) | 1 | 1600 | ₹1,23,200 |
| HNI (Minimum) | 2 | 3200 | ₹2,46,400 |
Competitive Strengths
- Experienced and Qualified Management and Employee base.
- Strong and Consistent Financial Performance.
- Growing customer base.
- Scalable and reliable business model.
- Experienced Promoters and Senior Management with extensive domain knowledge.
Company Promoters
- Mr. Gurjeet Singh Walia
- Ms. Richa Arora
- Mr. Ankur Gaba
- Mr. Puneet Mehta
- Ms. Priyanka Dutta
Object Of The Issue
- Implementation of ERP Solution and TeleCRM;
- Mobile Application for financial product solution;
- To meet working capital requirements;
- Enhancing visibility and awareness of the brands, including but not limited to “Akiko Global” or “Moneyfair;
- General Corporate Purpose; and
- Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 6.10 | 5.68 | 0.22 | 0.49 |
| 31 March 2022 | 13.53 | 12.34 | 0.77 | 0.26 |
| 31 March 2023 | 39.58 | 33.26 | 4.53 | 0.95 |
| 31 January 2024 | 26.09 | 21.49 | 3.21 | 1.22 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 32.44% |
| ROCE | 29.23% |
| Debt/Equity | 0.09 |
| RoNW | 22.91% |
| P/BV | 3.75 |
| PAT Margin (%) | 12.41 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.83 | 3.58 |
| P/E (x) | 13.2 | 21.5 |
Akiko Global Services IPO Promoter Holding
| Pre Issue Share Holding | 92.77% |
| Post Issue Share Holding | 66.91% |
Akiko Global Services IPO Prospectus
- Akiko Global Services IPO DRHP
- Akiko Global Services IPO RHP
Company Contact Information
| Akiko Global Services Limited 11th Floor, Off. No. 8/4-D, Vishwadeep Building District Centre Janak Puri West Delhi, New Delhi-110058 Phone: 011-4010 4241 Email: accounting@akiko.co.in Website: http://www.themoneyfair.com/ |
Akiko Global Services IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: compliances@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Akiko Global Services IPO Lead Manager(s)
| 1. Fast Track Finsec Pvt Ltd |
Akiko Global Services IPO FAQs
| What is Akiko Global Services IPO? Akiko Global Services IPO is a SME IPO. The issue is priced at ₹73 – ₹77 per equity share. The IPO is to be listed on NSE SME. |
| When Akiko Global Services IPO will open? The IPO is to open on 25 June 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Akiko Global Services IPO? You can apply for Akiko Global Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Akiko Global Services IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Akiko Global Services”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Akiko Global Services IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Akiko Global Services”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Akiko Global Services IPO Size? Akiko Global Services IPO size is ₹23.11 crores. |
| What is Akiko Global Services IPO Price Band? Akiko Global Services IPO Price Band is ₹73 – ₹77. |
| What is Akiko Global Services IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,23,200 amount while the maximum bid is 1600 shares with ₹1,23,200. |
| What is the Akiko Global Services IPO Allotment Date? Akiko Global Services IPO allotment date is 28 June 2024. |
| What is the Akiko Global Services IPO Listing Date? Akiko Global Services IPO listing date is 02 July 2024. The IPO is to list on NSE SME. |
