Akiko Global Services Limited

Company Profile
Company Name Akiko Global Services Limited
Open Date 25-06-2024
Close Date 27-06-2024
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹73 to ₹77 per share
Issue Size 30,01,600 shares
Application Amount ₹ 1,23,200
Recommendation Avoid
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 Money Fair, powered by Akiko Global Services Limited, is a technology platform that uses algorithms to gather and analyze data to assess creditworthiness. As of April 30, 2024, the company employs 418 permanent staff, including its directors and key managerial personnel
(Read more on the review)

Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Revenue 610.78 1,351.92 3,958.11 2,590.30
EBITDA 42.42 116.97 631.56 440.62
Net Profit 22.98 77.86 453.26 321.48
RoCE 79.04% 70.37% 88.95% 27.33%
ROE 50.74% 63.23% 78.36% 22.91%
P/E 91.67 26.92 6.10 16.38

Tentative Timeline

Opening Date 25-06-2024
Closing Date 27-06-2024
Basis of Allotment 01-07-2024
Initiation of Refunds 01-07-2024
Credit of Shares to Demat 01-07-2024
Listing Date 02-07-2024

Objects of the Issue

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 Purposes, Issue Expenses

Contact Information

Registered Office 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/

Registrar Details

Name Skyline Financial Services Private Ltd
Phone 02228511022
Email compliances@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

Anchor Investor Shares Offered 854,400 (27.68%)
Market Maker Shares Offered 150,400 (4.87%)
QIB Shares Offered 654,400 (21.20%)
NII (HNI) Shares Offered 428,800 (13.89%)
Retail Shares Offered 998,400 (32.35%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 92.77%
Share Holding Post Issue (Promoters) 66.92%

Contact Us to Enable Your Success!