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 name | Akiko Global Services Limited |
| Sector | Information Technology |
| Industry | BPO/ITeS |
| Company Website | https://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 date | 25 June 2024 |
| IPO Closing | 27 June 2024 |
| Basis of Allotment | 01 July 2024 |
| Initiation Refund | 01 July 2024 |
| Credit to Demat Account | 01 July 2024 |
| Listing Date | 02 July 2024 |
Akiko Global Services IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹23.11 Cr – 3,001,600 shares |
| Fresh Issue | ₹23.11 Cr – 3,001,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹73 to ₹77 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 150,400 shares |
| Shareholding pre-issue | 7,768,000 |
| Shareholding post-issue | 10,769,600 |
| Listing Exchange | NSE SME |
Akiko Global Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |
Akiko Global Services Offer Documents
Akiko Global Services IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 854,400 (27.68%) |
| Market Maker Shares Offered | 150,400 (4.87%) |
| QIB Shares Offered | 654,400 (21.20%) |
| NII (HNI) Shares Offered | 428,800 (13.89%) |
| Retail Shares Offered | 998,400 (32.35%) |
| Total Shares Offered | 3,086,400 (100%) |
Akiko Global Services Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 11M FY 2024 | |
| Revenue | 6.11 | 13.52 | 39.58 | 25.90 |
| Expenses | 5.68 | 12.35 | 33.27 | 21.50 |
| Net income | 0.23 | 0.78 | 4.53 | 3.21 |
Akiko Global Services Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.84 | 2.86 | 12.62 |
| PE ratio | – | – | 5.78 – 6.10 |
| RONW (%) | 50.74 | 63.22 | 78.36 |
| NAV | 1.67 | 4.53 | 16.10 |
| EBITDA (%) | 6.95 | 8.74 | 15.97 |
| ROCE (%) | 21.79 | 63.39 | 109.99 |
| Debt/Equity | 1.10 | 0.21 | 0.17 |
Company Promoters
- Mr. Gurjeet Singh Walia
- Ms. Richa Arora
- Mr. Ankur Gaba
- Mr. Puneet Mehta
- Ms. Priyanka Dutta.
Promoter Holding
| Pre Issue Share Holding | 92.77% |
| Post Issue Share Holding | 66.91% |
Akiko Global Services IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 29 June 2024 | 15 | – | 18,000 |
| 28 June 2024 | 17 | – | 22,000 |
| 27 June 2024 | 16 | – | 21,000 |
| 26 June 2024 | 15 | – | 20,000 |
| 25 June 2024 | 18 | – | 21,500 |
| 24 June 2024 | 18 | – | 21,500 |
| 22 June 2024 | 18 | – | 21,000 |
| 21 June 2024 | 18 | – | 21,000 |
| 20 June 2024 | 18 | – | 20,000 |
| 19 June 2024 | 16 | – | – |
| 18 June 2024 | 18 | – | – |
Akiko Global Services IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 5,69,600 | 4,28,800 | 9,98,400 | 19,96,800 |
| 27 Jun 2024 | 11.73 | 48.40 | 45.57 | 36.52 |
| 26 Jun 2024 | 0.02 | 2.65 | 6.44 | 3.79 |
| 25 Jun 2024 | 0.00 | 0.96 | 2.34 | 1.38 |
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
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Akiko Global Services IPO Listing Day Update
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Akiko Global Services Lead Manager(s)
FAST TRACK FINSEC PRIVATE LIMITED
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
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
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
AKIKO GLOBAL SERVICES LIMITED
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
