IPO Details
Bidding Dates
25 Jun 24 - 27 Jun 24
Price Range ₹
73 - 77
Total Equity
₹ 23.11Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
25 Jun 2024
Offer end
27 Jun 2024
Allotment
01 Jul 2024
Refund initiation
01 Jul 2024
Demat transfer
01 Jul 2024
Listing
02 Jul 2024
Offer start
25 Jun 2024
Offer end
27 Jun 2024
Allotment
01 Jul 2024
Refund initiation
01 Jul 2024
Demat transfer
01 Jul 2024
Listing
02 Jul 2024
About Company
Founded in June 2018, Akiko Global Services Limited partners with major banks and non-banking financial companies (NBFCs) in India. With six years of experience, the company specializes in distributing and selling financial products such as credit cards and loans. Akiko Global Services Limited assists banks and financial institutions in India with the sale of 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 for assessing creditworthiness. It provides insights for easy comparison of offers and aims to enhance customers' chances of securing a loan or a credit card. As of April 30, 2024, the company employs 418 permanent staff members, including its directors and key managerial personnel.
Year Founded
13-06-2018
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 92.77 | 66.91 |
| Share Capital | 7206640 | 7206640 |
Offer to Public
30,01,600.00 Cr
Highlights
- The company boasts a highly experienced and qualified management team, alongside a skilled employee base. This wealth of expertise and knowledge enables effective decision-making and strategic planning, driving the company towards sustained growth and success.
- The company has demonstrated strong and consistent financial performance over the years. This reliability and stability make it a trustworthy partner for stakeholders, ensuring confidence in its ability to deliver solid financial results.
- The company is successfully growing its customer base, indicating increasing market penetration and acceptance of its products and services. This growth contributes to enhanced revenue streams and strengthens its market position.
- The company operates on a scalable and reliable business model. This flexibility allows it to adapt to changing market conditions, expand operations efficiently, and maintain consistent performance across different markets.
- Embracing technology, the company is continuously enhancing its operations and customer experiences. By leveraging the latest technological advancements, the company improves operational efficiencies, ensures high-quality products, and stays ahead in a competitive market.
Challenges
- The company’s top ten customers account for approximately 93.26% of its revenues for the financial year ended March 31, 2023. The loss of one or more of these key customers could significantly impact the company’s revenues and profitability.
- The company operates from a registered office that is rented. If the company is required to vacate this office for any reason, it could disrupt business operations and negatively affect overall performance.
- The company’s logo, "The money fair Simplify your finances," is not registered. This lack of registration may hinder brand-building efforts and adversely affect the company’s business if it cannot protect its branding.
- The company has experienced negative cash flow in some previous years. Continued negative cash flow could impede growth and adversely impact business operations and financial stability.
- After the issue, the company’s promoters and the promoter group will retain majority control, allowing them to determine the outcome of matters submitted to shareholders for approval. This control could impact decisions and governance, potentially affecting the company's operations and minority shareholders.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 405.67 | 2.00 | 22.98 | 22.98 | 0.8449 |
| 2023 | 1,127.57 | 4.00 | 77.85 | 77.85 | 2.8621 |
| 2021 | 234.88 | 2.00 | 22.98 | 22.98 | 0.8449 |
| 2024 | 2,272.86 | 776.80 | 22.98 | 22.98 | 0.8449 |
