Bookbuilding IPO | ₹23 Cr | Listed at NSE SME | Tue, Jun 25, 2024 - Thu, Jun 27, 2024
Akiko Global IPO is a book build issue of ₹23.11 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹23.11 crore.
Akiko Global IPO bidding started from Jun 25, 2024 and ended on Jun 27, 2024. The allotment for Akiko Global IPO was finalized on Jul 1, 2024. The shares got listed on NSE SME on Jul 2, 2024.
Akiko Global IPO price band is set at ₹77 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,23,200 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,46,400.
Fast Track Finsec Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Akiko Global IPO RHP for detailed Information.
IPO Open
Tue, Jun 25, 2024
IPO Close
Thu, Jun 27, 2024
Issue Price
₹77 per share
Market Cap (Pre-IPO)
₹82.93 Cr
| IPO Date | 25 to 27 Jun, 2024 |
| Listed on | Tue, Jul 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹77 |
| Issue Price | ₹77 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,01,600 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 1,50,400 shares Nikunj Stock Brokers Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 28,51,200 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 28,51,200 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 77,68,000 shares |
| Share Holding Post Issue | 1,07,69,600 shares |
| NSE Symbol | AKIKO |
| ISIN | INE0PMR01017 |
Akiko Global IPO comprises a total issue size of 30,01,600 shares. The net offer to the public is 28,51,200 shares, after excluding 1,50,400 shares allotted on a firm basis. Of the Net offer 14,24,000 (49.94%) are allocated to QIB, 4,28,800 (15.04%) allocated to NII 9,98,400 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,24,000 | 49.94% | 47.44% |
| − Anchor Investor Shares Offered | 8,54,400 | 28.46% | |
| − QIB (Ex. Anchor) Shares Offered | 5,69,600 | 18.98% | |
| NII (HNI) Shares Offered | 4,28,800 | 15.04% | 14.29% |
| Retail Shares Offered | 9,98,400 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,50,400 | 5.01% | |
| Total Shares Offered | 30,01,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,23,200 |
| Retail (Max) | 1 | 1,600 | ₹1,23,200 |
| HNI (Min) | 2 | 3,200 | ₹2,46,400 |
Akiko Global IPO raises ₹6.58 crore from anchor investors. Akiko Global IPO Anchor bid date is June 24, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jun 24, 2024 |
| Shares Offered | 8,54,400 |
| Anchor Portion (₹ Cr.) | 6.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jul 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Sep 29, 2024 |
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.
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 17.95 | 11.31 | 4.06 | 2.35 |
| Total Income | 26.10 | 39.59 | 13.53 | 6.11 |
| Profit After Tax | 3.21 | 4.53 | 0.78 | 0.23 |
| NET Worth | 14.03 | 5.78 | 1.23 | 0.45 |
| Reserves and Surplus | 6.27 | 5.74 | 1.21 | 0.43 |
| Total Borrowing | 1.22 | 0.96 | 0.26 | 0.50 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Implementation of ERP Solution and TeleCRM | 1.70 |
| 2 | Mobile Application for financial product solution | 2.80 |
| 3 | To meet working capital requirements | 11.39 |
| 4 | Enhancing visibility and awareness of our brands, including but not limited to “Akiko Global” or “Moneyfair” | 2.00 |
| 5 | General Corporate Purpose | 3.37 |
| 6 | Issue Expenses | 1.86 |
| KPI | Jan 31, 2024 |
|---|---|
| ROE | 32.44% |
| ROCE | 29.23% |
| Debt/Equity | 0.09 |
| RoNW | 22.91% |
| PAT Margin | 12.41% |
| Price to Book Value | 3.75 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.83 | 3.58 |
| P/E (x) | 13.2 | 21.5 |
| Promoter Holding | 92.77% | 66.91% |
| Market Cap | ₹82.93 Cr. |
The The Money Fair IPO is subscribed 34.96 times on June 27, 2024 6:19:56 PM (Day 3). The public issue subscribed 45.57 times in the retail category, 10.21 times in the QIB category, and 48.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 10.21 | 6,54,400 | 66,80,000 |
| NII* | 48.05 | 4,28,800 | 2,06,03,200 |
| Retail | 45.57 | 9,98,400 | 4,54,97,600 |
| Total | 34.96 | 20,81,600 | 7,27,80,800 |
Total Application : 28,436
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expense | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.05 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.15 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 1.36 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹77.00 |
| Open | ₹98.00 |
| Low | ₹93.10 |
| High | ₹98.00 |
| Last Trade | ₹93.35 |
Lead Manager Reports
Akiko Global IPO is a SME IPO of 30,01,600 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹77 per share. The minimum order quantity is 1600.
The IPO opens on Tue, Jun 25, 2024, and closes on Thu, Jun 27, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Akiko Global IPO using UPI as a payment gateway. Zerodha customers can apply in Akiko Global IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Akiko Global IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Akiko Global IPO opens on Tue, Jun 25, 2024 and closes on Thu, Jun 27, 2024.
Akiko Global IPO lot size is 1600, and the minimum amount required for application is ₹1,23,200.
You can apply in Akiko Global IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Akiko Global IPO will be done on Monday, July 1, 2024, and the allotted shares will be credited to your demat account by Mon, Jul 1, 2024. Check the Akiko Global IPO allotment status.
The Akiko Global IPO listing date is on Tue, Jul 2, 2024.
