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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹23.11 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹23.11 Cr |
| Fresh Issue | ₹21.95 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹73.00-77.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | AKIKO |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | Novus Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Implementation of ERP Solution and TeleCRM | 1.70 |
| 2 | Mobile Application for financial product solution | 2.80 |
| 3 | To meet working capital requirements | 11.39 |
| 4 | Enhancing visibility and awareness of our brands, including but not limited to “Akiko Global” or “Moneyfair” | 2.00 |
| 5 | General Corporate Purpose | 3.37 |
| 6 | Issue Expenses | 1.86 |
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 17.95 | 11.31 | 4.06 | 2.35 |
| Total Income | 26.10 | 39.59 | 13.53 | 6.11 |
| Profit After Tax | 3.21 | 4.53 | 0.78 | 0.23 |
| NET Worth | 14.03 | 5.78 | 1.23 | 0.45 |
| Reserves and Surplus | 6.27 | 5.74 | 1.21 | 0.43 |
| Total Borrowing | 1.22 | 0.96 | 0.26 | 0.50 |
| Amount in ₹ Crore | ||||
| KPI | Jan 31, 2024 |
|---|---|
| ROE | 32.44% |
| ROCE | 29.23% |
| Debt / Equity | 0.09% |
| RoNW | 22.91% |
| PAT Margin | 12.41% |
| Price to Book Value | 3.75 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.83 | 3.58 |
| P/E (x) | 13.2 | 21.5 |
| Promoter Holding | 92.77% | 66.91% |
| Market Cap | ₹82.93 Cr. | |
