Akiko Global Services Limited IPO
NSE SMEListed On: Jul 2, 2024 at ₹ 98.0
₹ 246400 /3200 Shares
*Min Investment
25 Jun, 2024
Open Date27 Jun, 2024
Close Date28 Jun, 2024
Allotment Date02 Jul, 2024
Listing DateAkiko Global Services Limited IPO Issue Details
- Issue Price ₹73-77 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 30,01,600 shares(aggregating up to ₹23.11 crore)
- Fresh Share 30,01,600 shares(aggregating up to ₹23.11 crore)
- Listing at NSE SME
- List Price 98.0
- Listing Date 2024-07-02
- Lead Manager Fast Track Finsec Pvt Ltd
- Registrar Skyline Financial Services Private Ltd
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following 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 |
| Retail(max) | 1 | 1600 | ₹1,23,200 |
| NII (min) | 2 | 3,200 | ₹2,46,400 |
Akiko Global Services Limited IPO Reservation
Akiko Global Services Limited IPO offers total 3,086,400 shares. Out of which 654,400 (21.2%) allocated to QIB, 428,800 (13.89%) allocated to NII,998,400 (32.35%) allocated to RII, NA (NA%) allocated to employees and 854,400 (27.68%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 854,400 (27.68%) | |
| Market Maker Shares Offered | 150,400 (4.87%) | |
| QIB Shares Offered | 654,400 (21.2%) | |
| NII (HNI) Shares Offered | 428,800 (13.89%) | |
| Retail Shares Offered | 998,400 (32.35%) | |
| Total Shares Offered | 3,086,400 (100%) |
Akiko Global Services Limited IPO Details
Akiko Global Services Limited IPO is an SME IPO, priced at ₹73-77 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 30,01,600 equity shares, aggregating up to ₹23.11 crores..
The IPO bidding window is open from Jun 25, 2024 to Jun 27, 2024. The allotment is expected to be finalized on Jun 28, 2024, and the tentative listing date is Jul 2, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,23,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,46,400.
Fast Track Finsec Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Nikunj Stock Brokers Limited will act as the market maker for this issue.
Akiko Global Services Limited IPO Subscription Analysis And Details
| 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 |
Akiko Global Services Limited Valuations
Akiko Global Services Limited Company Financials
| 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 Akiko Global Services Limited 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)
Mr. Gurjeet Singh Walia
Ms. Richa Arora
Mr. Ankur Gaba
Mr. Puneet Mehta
Ms. Priyanka Dutta
Pre Issue Share Holding : 92.77%
Post Issue Share Holding : 66.91%
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
Contact Details
Akiko Global Services Limited
11th Floor, Off. No. 8/4-D, Vishwadeep Building, District Centre Janak Puri, West Delhi, New Delhi-110058
011-4010 4241
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Akiko Global Services Limited IPO is 3,001,600 shares(aggregating up to ₹23.11 Cr).
Ans. The Akiko Global Services Limited IPO price band is set between ₹73-77 per equity share.
Ans. To apply for Akiko Global Services Limited 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 Akiko Global Services Limited IPO allotment status online.
