Akiko Global Services IPO

Akiko Global Services IPO will open for subscription from 25 June 2024. The company aims for an issue size of ₹23.11 Cr through this IPO.

Company Overview

Full nameAkiko Global Services Limited
SectorInformation Technology
Company Websitehttps://themoneyfair.com/

About Company

Akiko Global Services, a channel partner for major banks and Non-Banking Financial Companies (NBFCs) in India, brings six years of expertise to the distribution and sales of financial products like credit cards and loans. Akiko Global Services specializes in assisting banks and financial institutions in India with the sale of credit cards and personal loans. Their technology platform, The Money Fair, uses advanced algorithms to gather and analyze data for assessing creditworthiness. This platform offers insights for easy comparison of financial offers and aims to enhance customers’ chances of securing loans or credit cards. As of 30 April 2024, the company employs 418 permanent staff members, including directors and key managerial personnel.

The Objectives 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 Timetable

IPO Opening date25 June 2024
IPO Closing27 June 2024
Basis of Allotment01 July 2024
Initiation Refund01 July 2024
Credit to Demat Account01 July 2024
Listing Date02 July 2024
(Cut-off time for UPI mandate confirmation – 5 PM on June 27, 2024)

Akiko Global Services IPO details

Issue typeBook Built Issue IPO
IPO issue size₹23.11 Cr – 3,001,600 shares
Fresh Issue₹23.11 Cr – 3,001,600 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹73 to ₹77 per share
Lot size1600 Shares
Market Maker portion150,400 shares
Shareholding pre-issue7,768,000
Shareholding post-issue10,769,600
Listing ExchangeNSE SME

Akiko Global Services IPO Lot Size

Retail (Min)11600₹123,200
Retail (Max)11600₹123,200
HNI (Min)23,200₹246,400

Akiko Global Services Offer Documents

Akiko Global Services IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered854,400 (27.68%)
Market Maker Shares Offered150,400 (4.87%)
QIB Shares Offered654,400 (21.20%)
NII (HNI) Shares Offered428,800 (13.89%)
Retail Shares Offered998,400 (32.35%)
Total Shares Offered3,086,400 (100%)

Akiko Global Services Financial Performance

 FY 2021FY 2022FY 202311M FY 2024
Net income0.230.784.533.21
(Amount in ₹ Crores)

Akiko Global Services Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio5.78 – 6.10
RONW (%)50.7463.2278.36
EBITDA (%)6.958.7415.97
ROCE (%)21.7963.39109.99

Company Promoters

  • Mr. Gurjeet Singh Walia
  • Ms. Richa Arora
  • Mr. Ankur Gaba
  • Mr. Puneet Mehta
  • Ms. Priyanka Dutta.

Promoter Holding

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

Akiko Global Services IPO GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
29 June 20241518,000
28 June 20241722,000
27 June 20241621,000
26 June 20241520,000
25 June 20241821,500
24 June 20241821,500
22 June 20241821,000
21 June 20241821,000
20 June 20241820,000
19 June 202416
18 June 202418

Akiko Global Services IPO Subscription Update

Shares Offered5,69,6004,28,8009,98,40019,96,800
27 Jun 202411.7348.4045.5736.52
26 Jun 20240.022.656.443.79
25 Jun 20240.000.962.341.38
(The market maker reservation portion of 1,50,400 shares and anchor allocation portion of 8,54,400 shares are not included)

Akiko Global Services IPO Allotment Status

The Money Fair IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.

Akiko Global Services IPO Listing Details

Listing Date
BSE Scrip Code
NSE Symbol
Final Issue Price

Akiko Global Services IPO Listing Day Update

Listing Exchange
Final Issue Price
Last Trade

Akiko Global Services Lead Manager(s)

B-502, Statesman House,
148, Barakhambha Road, New Delhi – 110 001
Phone: +91 11 43029809
Email: investor@ftfinsec.com
Website: www.ftfinsec.com

Akiko Global Services Registrar

D-153A, 1st Floor, Okhla Industrial Area Phase-I,
New Delhi – 110020, India
Phone: +91-11-26812683
Email: ipo@skylinerta.com
Website: www.skylinerta.com

Akiko Global Services Contact Details

11th Floor, Off No. 8/4-D, Vishwadeep Building,
District Centre Janakpuri, West Delhi New Delhi – 110058
Phone: 011 4010 4241
E-mail: kikoglobalservices@gmail.com
Website: www.themoneyfair.com

Akiko Global Services IPO FAQs

What is the Akiko Global Services offer size?

Akiko Global Services’ offer size is INR 21.91 – 23.11 crores.

What is the Akiko Global Services offer price band?

Akiko Global Services’ public offer price is INR 73 – 77 per share.

What is the lot size of the Akiko Global Services IPO?

Akiko Global Services offer a lot size is 1,600 shares.

What is Akiko Global Services Offer GMP today?

Akiko Global Services IPO GMP today is ₹ 15 per share.

What is the Akiko Global Services kostak rate today?

Akiko Global Services kostak rate today is ₹ NA per application.

What is Akiko Global Services Subject to the Sauda rate today?

Akiko Global Services is Subject to the Sauda rate today is ₹ 18,000 per application.

Final thoughts

Akiko Global Services IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.

Happy Investing

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