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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 ₹77.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,16,800 (1600 shares). The minimum lot size investment for 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 Date | June 25, 2024 to June 27, 2024 |
| Listing Date | July 2, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹73 to ₹77 per share |
| Issue Price Final | ₹77 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,01,600 shares (aggregating up to ₹23.11 Cr) |
| Reserved for Market Maker | 1,50,400 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹1.16 Cr) |
| Net Offered to Public | 28,51,200 shares (aggregating up to ₹21.95 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 77,68,000 shares |
| Share Holding Post Issue | 1,07,69,600 shares |
The Money Fair IPO offers total 30,01,600 shares. Out of which 14,24,000 (47.44%) allocated to QIB, 5,69,600 (18.98%) allocated to QIB, 4,28,800 (14.29%) allocated to NII, 9,98,400 (33.26%) allocated to RII and 8,54,400 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,50,400 (5.01%) |
| QIB Shares Offered | 14,24,000 (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 (14.29%) |
| Retail Shares Offered | 9,98,400 (33.26%) |
| Total Shares Offered | 30,01,600 (100.00%) |
Akiko Global IPO raises ₹6.58 crore from anchor investors. Akiko Global IPO Anchor bid date is June 24, 2024. Akiko Global IPO Anchor Investors list
| Bid Date | June 24, 2024 |
| Shares Offered | 8,54,400 |
| Anchor Portion Size (In Cr.) | 6.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 29, 2024 |
Akiko Global IPO opens on June 25, 2024, and closes on June 27, 2024.
| IPO Open Date | Tue, Jun 25, 2024 |
| IPO Close Date | Thu, Jun 27, 2024 |
| Tentative Allotment | Mon, Jul 1, 2024 |
| Initiation of Refunds | Mon, Jul 1, 2024 |
| Credit of Shares to Demat | Mon, Jul 1, 2024 |
| Tentative Listing Date | Tue, Jul 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 27, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 1,794.91 | 1,130.87 | 405.67 | 234.88 |
| Total Income | 2,609.76 | 3,958.97 | 1,353.31 | 610.78 |
| Profit After Tax | 321.48 | 453.26 | 77.85 | 22.98 |
| Net Worth | 1,403.37 | 578.40 | 123.14 | 45.29 |
| Reserves and Surplus | 626.57 | 574.40 | 121.14 | 43.29 |
| Total Borrowing | 122.05 | 95.89 | 26.13 | 49.62 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Akiko Global IPO is ₹82.93 Cr.
KPI as of Wed, Jan 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 5.83 | 3.58 |
| P/E (x) | 13.2 | 21.5 |
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
[Dilip Davda] The company is a channel partner for NBFCs and Banks. It posted growth in its top and bottom lines for the reported periods, but the sudden boost in pre-IPO year raise eyebrows. Based on FY24 annualized super earnings, the issue appears aggressively priced. Well-informed investors may park moderate fund for long term. Read detail review...
| Listing Date | July 2, 2024 |
| BSE Script Code | |
| NSE Symbol | AKIKO |
| ISIN | INE0PMR01017 |
| Final Issue Price | ₹77 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹77.00 |
| Open | ₹98.00 |
| Low | ₹93.10 |
| High | ₹98.00 |
| Last Trade | ₹93.35 |
Akiko Global Services Ltd.
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/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Akiko Global IPO is a SME IPO of 30,01,600 equity shares of the face value of ₹10 aggregating up to ₹23.11 Crores. The issue is priced at ₹77 per share. The minimum order quantity is 1600.
The IPO opens on June 25, 2024, and closes on June 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 June 25, 2024 and closes on June 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 Monday, July 1, 2024. Check the Akiko Global IPO allotment status.
The Akiko Global IPO listing date is on Tuesday, July 2, 2024.
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