Akiko Global Services - AstroIPO

Akiko Global Services (The Money Fair) IPO


June 27, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Akiko Global Services Ltd., a company in the BPO/ITeS sector, is set to launch its Initial Public Offering (IPO) from June 25 to June 27, 2024. This small-cap issue aims to raise between Rs. 21.91 – 23.11 crore through a book-building process.

The IPO’s price band is fixed at Rs. 73 – 77 per share, with a face value of Rs. 10. Investors can apply for a minimum of 1600 shares, while the maximum retail subscription is capped at Rs. 5,00,000. The company is offering 30.02 lakh shares to the public.

Akiko Global Services Ltd. plans to list on the National Stock Exchange (NSE) on July 2, 2024. The BPO/ITeS industry has been a strong pillar of India’s service sector growth. Akiko Global Services’ presence in this field might offer exposure to the ongoing trend of global companies outsourcing their business processes to India.

However, the BPO industry can face challenges from automation and changing global business dynamics.

Akiko Global Services (The Money Fair) IPO Details

IPO Size 23.11
Price Range ₹73 - ₹77
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE
Minimum Quantity 1600
Investment (cut-off price) ₹123,200
Pre IPO Promotor Holding 92.77%
Post IPO Promotor Holding 66.91%
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Akiko Global Services (The Money Fair) IPO Timelines

25/06/2024
Start Date
27/06/2024
End Date
01/07/2024
Allotment Date View Status
01/07/2024
Refund Initiation
01/07/2024
Credit of Shares to Demat Ac
02/07/2024
Listing Date

Akiko Global Services (The Money Fair) IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 1600 ₹123,200
Retail Maximum 1 1600 ₹123,200
S-HNI Minimum 2 3200 ₹246,400

Akiko Global Services (The Money Fair) IPO Subscription Status

QIB NII Retail EMP Total
10.21 x 48.78 x 48.11 x -- 36.33 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹98 ₹93.35 ₹95 ₹93.10

Akiko Global Services (The Money Fair) IPO Company Financials

Year Total Income Total Expense PAT
FY 2021 ₹6.11 ₹5.68 ₹0.23
FY 2022 ₹13.53 ₹12.35 ₹0.78
FY 2023 ₹39.59 ₹33.27 ₹4.53
FY 2024 (9M) ₹26.10 ₹21.50 ₹3.21

About Company

Incorporated in June 2018, Akiko Global Services Limited partners with major banks and non-banking financial companies (NBFCs) in India, specialising in the distribution and sale of financial products such as credit cards and loans. With six years of expertise, the company operates as a Channel Partner (DSA), leveraging a multifaceted business model that includes tele-calling, corporate activities, feet-on-street, and digital marketing to acquire customers.

Incorporation Date Sector Managing Director
2018 Finance Priyanka Dutta

Know Before Investing

Akiko Global Services (The Money Fair) IPO Strengths

  • The company has extensive customer database for precise targeting and tailored offerings.
  • Enhances marketing efficiency through targeted customer segment strategies.

Akiko Global Services (The Money Fair) IPO Risks

  • High employee turnover increases training costs and reduces productivity.
  • Limited financial resources restrict strategic investments and growth opportunities

Swot Analysis for Akiko Global Services (The Money Fair) IPO

Strengths

Weaknesses

Opportunities

Threats

Contact Details of IXIGO

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 Websitehttp://www.themoneyfair.com/

Skyline Financial Services Private Ltd

Phone: 02228511022

Email: compliances@skylinerta.com

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

Company 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/

IPO Registar Details

Skyline Financial Services Private Ltd

Phone: 02228511022

Email: compliances@skylinerta.com

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

FAQs

The key objectives of Akiko Global Services IPO are:

  • Implementation of ERP Solution and Tele CRM
  • Mobile Application for financial product solution
  • To meet working capital requirements
  • Enhancing visibility and awareness of our brands, including but not limited to “Akiko Global” or “Moneyfair”
  • General Corporate Purpose; and6. Issue Expenses

Fast Track Finsec Pvt Ltd. is the book-running lead managers for the Akiko Global Services IPO.

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