Akiko Global Services Limited IPO (Akiko Global Services IPO)

Akiko Global Services Limited IPO
Upcoming Akiko Global Services IPO | New Akiko Global Services IPO

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

Akiko Global Services IPO – Details

IPO Opening Date25 June 2024
IPO Closing Date27 June 2024
Issue TypeBook Built Issue IPO
Issue SizeTotal 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 Lot1600 Shares
Min Order1600 Shares (1 Lot )
Listing AtNSE SME
RegisterSkyline Financial Services Private Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Akiko Global Services IPO – Date Schedule

IPO Open Date25 June 2024
IPO Close Date27 June 2024
Basis of Allotment28 June 2024
Initiation of Refund01 July 2024
Credit of Shares to Demat Account01 July 2024
IPO Listing Date02 July 2024
Cut-off time for UPI mandate confirmation5 PM on June 27, 2024

Akiko Global Services IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11600₹1,23,200
Retail (Maximum)11600₹1,23,200
HNI (Minimum)23200₹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.
Akiko Global Services IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 20216.105.680.220.49
31 March 202213.5312.340.770.26
31 March 202339.5833.264.530.95
31 January 202426.0921.493.211.22
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)12.41
EPS (Rs)5.833.58
P/E (x)13.221.5

Akiko Global Services IPO Promoter Holding

Pre Issue Share Holding92.77%
Post Issue Share Holding66.91%

Akiko Global Services IPO Prospectus

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

Akiko Global Services IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: compliances@skylinerta.com

Akiko Global Services IPO Lead Manager(s)

1. Fast Track Finsec Pvt Ltd

Akiko Global Services IPO FAQs

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.
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