Akiko Global Services IPO description – 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.
Promoters of Akiko Global Services – Mr. Ankur Gaba, Ms. Richa Gaba, Mr. Puneet Mehta, Mr. Gurjeet Singh Walia, and Ms. Priyanka Dutta
Table of Contents
Akiko Global Services IPO Details
| Akiko Global Services IPO Dates | 25 – 27 June 2024 |
| The Money Fair IPO Price | INR 73 – 77 per share |
| Fresh issue | 30,01,600 shares (INR 21.91 – 23.11 crore) |
| Offer For Sale | NIL |
| Total IPO size | 30,01,600 shares (INR 21.91 – 23.11 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,23,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Akiko Global Services Financial Performance
| Â | 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 Offer News
- Akiko Global Services RHP
- Akiko Global Services Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
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 |
Akiko Global Services IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 1 July 2024 | 15 | – | 18,000 |
| 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 – Live Updates
| 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 |
The market maker reservation portion of 1,50,400 shares and anchor allocation portion of 8,54,400 shares are not included in the above calculations.
The Money Fair 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 Dates & Listing Performance
| IPO Opening Date | 25 June 2024 |
| IPO Closing Date | 27 June 2024 |
| Finalization of Basis of Allotment | 1 July 2024 |
| Initiation of refunds | 1 July 2024 |
| Transfer of shares to demat accounts | 1 July 2024 |
| The Money Fair IPO Listing Date | 2 July 2024 |
| Opening Price on NSE SME | INR 98 per share (up 27.27%) |
| Closing Price on NSE SME | INR 93.35 per share (up 21.23%) |
Akiko Global Services Offer Lead Manager
FAST TRACK FINSEC PRIVATE LIMITED
B-502, Statesman House,
148, Barakhambha Road, New Delhi – 110 001
Phone: +91 11 43029809
Email:Â [email protected]
Website:Â www.ftfinsec.com
Akiko Global Services Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phase-I,
New Delhi – 110020, India
Phone:Â +91-11-26812683
Email:Â [email protected]
Website:Â www.skylinerta.com
The Money Fair IPO 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: [email protected]
Website: www.themoneyfair.com
The Money Fair 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 IPO GMP today?
Akiko Global Services IPO GMP today is INR 15 per share.
What is the Akiko Global Services kostak rate today?
Akiko Global Services kostak rate today is INR 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 INR 18,000 per application.
