Akiko Global Services Limited IPO

NSE SME

Listed On: Jul 2, 2024 at ₹ 98.0

₹ 123200 /1600 Shares

Check Allotment

Akiko Global Services Limited IPO Details

25 Jun, 2024

Open Date

27 Jun, 2024

Close Date

28 Jun, 2024

Allotment Date

02 Jul, 2024

Listing Date

Issue Price

₹73-77 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

98.0

Listing Date

2024-07-02

Market Lot

1600 Shares (₹123,200/-)

Lead Manager

Fast Track Finsec Pvt Ltd

Issue Size

3,001,600 shares(aggregating up to ₹23.11 Cr)

Retail Portion

35%

Subscription

35.04 times

IPO Docs

DRHP RHP

The IPO of Akiko Global Services Limited is priced at ₹73-77 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Skyline Financial Services Private Ltd is the registrar of the issue.

Akiko Global Services Limited IPO bid opening date is from Jun 25, 2024 and the bid closing date was Jun 27, 2024.
Akiko Global Services Limited IPO allotment result will be available on Jun 28, 2024. The tentative listing date for Akiko Global Services Limited is Jul 2, 2024.

The total issue size is 3,001,600 shares(aggregating up to ₹23.11 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	654,400 / 428,800	998,400	2,081,600
Day 1 - 25-06-24 06:00 PM	0.00 / 1.01 x	2.53 x	1.42 x
Day 2 - 26-06-24 06:00 PM	0.01 / 2.31 x	6.56 x	34.96 x
Day 3 - 27-06-24 06:00 PM	10.21 / 48.40 x	45.57 x	35.04 x

Total No. of Applications: 28,436 (Approx)

Akiko Global Services Limited Valuations

EPS Pre IPO

₹5.83/-

EPS Post IPO

₹3.58/-

P/E Pre IPO

13.2

P/E Post IPO

21.5

ROE

32.44%

ROCE

29.23%

Debt/Equity

0.09

RoNW

22.91%

PAT Margin

12.41

Price to Book Value

3.75

Akiko Global Services Limited Company Financials All values are in ₹ Lakh

	31-Jan-24	31-Mar-23	31-Mar-22
Assets	1,794.91	1,130.87	405.67
Revenue	2,609.76	3,958.97	1,353.31
Profit After Tax	321.48	453.26	77.85
Net Worth	1,403.37	578.40	123.14
Reserves & Surplus	626.57	574.40	121.14
Total Borrowing	122.05	95.89	26.13

About The Company

In June 2018, Akiko Global Services Limited was incorporated. The company has partnered with India's major banks and non-banking financial companies. For the last six years, the company has been specialized in distribution and credit sales of financial products, including credit cards and loans.

The company mainly focuses on credit card sales and personal loans for Indian banks and financial institutions.

Money Fair is the name of a technology platform from Akiko Global Services Limited. This platform makes use of algorithms in gathering and analysis of data so as to access creditworthiness. It avails information on easy comparison of offers, targeting an increased likelihood of granting the loan or a card for its customers.

To date, that is as of April 30, 2024, the company has permanent staff totaling 418 persons inclusive of the directors and key managerial personnel.

Akiko Global Services Limited - Promoter(s)

Pre Issue Share Holding: 92.77%

Post Issue Share Holding: 66.91%

Company Promoter(s)

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

Akiko Global Services Limited IPO - Issue Objectives

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
Issue Expenses

Other Details

Company Contact Details

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/

Registrar Contact Details

Skyline Financial Services Private Ltd

Phone: 02228511022

Email: ipo@skylinerta.com

Website: https://www.skylinerta.com/ipo.php

Akiko Global Services Limited IPO - FAQs

Ans. Akiko Global Services Limited IPO is a SME IPO. The issue is priced at ₹73-77 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Jun 25, 2024, and closes on Jun 27, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Akiko Global Services Limited IPO opens on Jun 25, 2024 and closes on Jun 27, 2024.

Ans. The size of Akiko Global Services Limited IPO is 3,001,600 shares(aggregating up to ₹23.11 Cr).

Ans. The IPO price band is set between ₹73-77 per equity share.

Ans. To apply for Akiko Global Services Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Akiko Global Services Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Akiko Global Services Limited IPO is Jun 28, 2024.

Ans. The Akiko Global Services Limited IPO will be listed on Jul 2, 2024.

Ans. Follow the steps to check the allotment status for Akiko Global Services Limited IPO here.