Akiko Global Services Limited IPO
- IPO Date25 Jun, 2024 to 27 Jun, 2024
- Listing Date02 Jul, 2024
- Face Value₹10 per share
- Issue Price₹73 to ₹77 per share
- Lot Size1600 Shares
- Minimum Investment₹1,23,200
- Listing AtNSE SME
- Total Issue Size30,01,600 Shares
(aggregating up to ₹23.11 Cr) - Fresh Issue30,01,600 Shares
(aggregating up to ₹23.11 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue77,68,000
- Shareholding post issue1,07,69,600
IPO Dates
Closing Date
27 Jun, 2024
Initiation of Refunds
01 Jul, 2024
Listing Date
02 Jul, 2024
25 Jun, 2024
Opening Date
01 Jul, 2024
Basis of Allotment
01 Jul, 2024
Credit of Shares
Akiko Global Services Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,23,200 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1600 | ₹1,23,200 |
| S-HNI (Min) | 2 | 3200 | ₹2,46,400 |
| S-HNI (Max) | - | - | - |
Akiko Global Services Limited Promoter Holding
The promoters of the company are Mr. Gurjeet Singh Walia, Ms. Richa Arora, Mr. Ankur Gaba, Mr. Puneet Mehta and Ms. Priyanka Dutta.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 92.77% | 66.91% |
Akiko Global Services Limited COMPANY INFORMATION
The Money Fair IPO is a book built issue of Rs 23.11 crores. The issue is entirely a fresh issue of 30.02 lakh shares. The Money Fair IPO opens for subscription on June 25, 2024 and closes on June 27, 2024. The allotment for the The Money Fair IPO is expected to be finalized on Monday, July 1, 2024. The Money Fair IPO will list on NSE SME with tentative listing date fixed as Tuesday, July 2, 2024. The Money Fair IPO price band is set at ₹73 to ₹77 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹123,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹246,400. Fast Track Finsec Pvt Ltd is the book running lead manager of the The Money Fair IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for The Money Fair IPO is Nikunj Stock Brokers. Refer to The Money Fair IPO RHP for detailed information.
Incorporated in June 2018, 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.
Analysis of Akiko Global Services Limited IPO
The Initial Public Offering (IPO) of Akiko Global Services Limited offers a critical opportunity to evaluate the company's strengths and potential challenges. Below is an in-depth analysis, including a summary of key points, as well as a breakdown of the pros and cons associated with the IPO.
Summary of Akiko Global Services Limited IPO
Akiko Global Services Limited is entering the public market with an IPO aimed at expanding its business operations. The company specializes in delivering a wide range of services, and the IPO will help it raise capital for future growth. The document outlines the company's background, objectives for the IPO, financial performance, and the potential risks and rewards for investors.
Key Points of Akiko Global Services Limited IPO
- Company Background: Akiko Global Services Limited has a diversified portfolio of services, which it aims to expand with the proceeds from the IPO.
- IPO Objectives: The funds raised will primarily be used for business expansion, debt reduction, and improving operational efficiency.
- Financial Performance: The company has shown consistent growth, with healthy profit margins and a solid balance sheet.
- Risk Factors: Potential investors should consider market volatility, regulatory changes, and the competitive landscape as key risks.
Pros of Akiko Global Services Limited IPO
- Expansion Opportunities: The IPO will provide the necessary capital for Akiko Global Services to expand its service offerings and enter new markets.
- Debt Reduction: A portion of the funds will be used to reduce the company's debt, improving its financial health.
- Profit Margins: The company has maintained healthy profit margins, which is a positive indicator for potential investors.
- Growth Potential: With a solid growth history, the company is well-positioned to capitalize on new opportunities.
Cons of Akiko Global Services Limited IPO
- Market Volatility: The success of the IPO is subject to market conditions, which can be unpredictable.
- Regulatory Risks: Changes in regulations could impact the company's operations and profitability.
- Competition: The company operates in a highly competitive market, which could affect its growth and market share.
- Dependence on Key Markets: The company's reliance on certain key markets could be a risk if those markets face economic challenges.
Conclusion
The Akiko Global Services Limited IPO presents a mix of opportunities and risks for potential investors. While the company's solid financial performance and growth potential are promising, investors should carefully consider the risks associated with market volatility, competition, and regulatory changes. Overall, this IPO could be a valuable investment for those looking to capitalize on the company's expansion plans and profit potential.
FAQs About Akiko Global Services Limited Ipo
Akiko Global Services Limited IPO will open on 25 Jun, 2024 and close on 27 Jun, 2024. Investors must apply within this period to participate.
The Akiko Global Services Limited IPO price band is set between ₹73.00 and ₹77.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹123200.00.
The Akiko Global Services Limited IPO shares are expected to be listed on 02 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Akiko Global Services Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Akiko Global Services Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.