What you must know about Money Fair IPO?
by 5paisa Research Team
19 Jun 2024
Akiko Global IPO Details
- Open Date 25-Jun-24
- Close Date 27-Jun-24
- Lot Size 1600
- IPO Size ₹ 23.11 Cr
- IPO Price Range ₹ 73 to ₹77
- Min Investment ₹ 123,200
- Listing Exchange NSE SME
- Basis of Allotment 01-Jul-24
- Refunds 01-Jul-24
- Credit to Demat Account 01-Jul-24
- Listing Date 02-Jul-24
Akiko Global (The Money Fair) IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Jun-24 | 0.00 | 1.01 | 2.53 | 1.42 |
| 26-Jun-24 | 0.01 | 2.31 | 6.53 | 3.61 |
| 27-Jun-24 | 10.21 | 48.05 | 45.57 | 34.96 |
Akiko Global IPO Synopsis
Last Updated: 27th June 2024, by 5paisa
Akiko Global Services IPO, also known as the Money Fair IPO is all set to open from 25th June to 27th June 2024. The company is a Channel Partner (DSA) for major Banks / NBFCs. The IPO includes a fresh issue of 3,001,600 shares worth ₹23.11 cr. The share allotment date is 1st July 2024, and the IPO will be listed on 2nd July 2024 on the stock exchanges. The price band is ₹73 to ₹77 and the lot size is 1600 shares.
Fast Track Finsec Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Akiko Global IPO
Akiko Global Services Limited plans to utilize the raised capital from the IPO to:
● To fund the working expenditure requirements for implementing ERP Solution and TeleCRM.
● For building a mobile app for offering financial product solutions.
● Increase the visibility and awareness of various brands of the company including "Akiko Global" or "Moneyfair”.
● To fund the working capital requirement.
● General corporate purposes.
● To meet the public issue expenses.
Akiko Global IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 23.11 |
| Offer for sale | 23.11 |
| Fresh issue | - |
Akiko Global IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3200 | ₹246,400 |
Akiko Global IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 10.21 | 6,54,400 | 66,80,000 | 51.44 |
| NII (HNI) | 48.05 | 4,28,800 | 2,06,03,200 | 158.64 |
| Retail | 45.57 | 9,98,400 | 4,54,97,600 | 350.33 |
| Total | 34.96 | 20,81,600 | 7,27,80,800 | 560.41 |
Akiko Global IPO Anchor Allocation
| Anchor Bid Date | 24 June, 2024 |
| Total no. of shares offered | 854,400 |
| Portion Size for Anchor Investors | 6.58 Cr. |
| Lock in Period for 50% shares (30 days) | 31 July, 2024 |
| Lock in Period for rest of shares (90 days) | 29 September, 2024 |
About Akiko Global (The Money Fair)
Akiko Global Services is a Channel Partner (DSA) for major Banks / NBFCs. The company offers various services including tele-calling, corporate activities, and a feet-on-street and digital marketing model to help acquire customers digitally.
The company also has expertise in the segment of credit cards and loans, in which it helps customers make informed decisions and sells them financial products on behalf of banks and NBFCs. It has ISO certification from QFS Management Systems LLP and is also Accredited by the Standards Council of Canada. The company had 418 permanent employees as of April 2024. The company also offers services via its website Money Fair (https://themoneyfair.com/).
Peer Comparison
● No listed peers.
For More Information
Webstory on Akiko Global Services IPO
Akiko Global (The Money Fair) Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 39.58 | 13.51 | 6.10 |
| EBITDA | 6.32 | 1.18 | 0.42 |
| PAT | 4.53 | 0.78 | 0.23 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 11.30 | 4.05 | 2.34 |
| Share Capital | 0.04 | 0.02 | 0.02 |
| Total Borrowings | 5.52 | 2.82 | 1.89 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 0.52 | 0.12 | -0.17 |
| Net cash from / (used in) investing activities | -0.28 | -0.14 | -0.44 |
| Net cash flow from / (used in) financing activities | 0.68 | -0.25 | 0.44 |
| Net increase (decrease) in cash and cash equivalents | 0.92 | -0.28 | -0.17 |
Akiko Global IPO Key Points
-
Strengths
1. The company has a Diversified Business Model.
2. The company with years of experience in the industry has created a vast database of customers from its target segments.
3. It has partnerships with various banks.
4. Experienced promoters and management team.
-
Risks
1. The industry is highly competitive.
2. It has reported negative cash flow in the past.
3. The company operates in dynamic and competitive online fintech industries, which makes it difficult to predict future prospects.
4. Cybersecurity and data breaches are a big concern.
Akiko Global
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
There is some issue, try later
By Proceeding, you agree T&C*
Akiko Global IPO FAQs
When does Akiko Global Services IPO opens and closes?
Akiko Global Services IPO opens from 25th June to 27th June 2024.
What is the size of Akiko Global Services IPO?
The size of Akiko Global Services IPO is ₹23.11 cr.
How to apply for Akiko Global Services IPO?
To apply for Akiko Global Services IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Akiko Global Services IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Akiko Global Services IPO?
The price band of Akiko Global Services IPO is fixed at ₹73 to ₹77 per share.
What is the minimum lot size and investment required for Akiko Global Services IPO?
The minimum lot size of Akiko Global Services IPO is 1600 shares and the investment required is ₹1,16,800.
What is the allotment date of Akiko Global Services IPO?
The share allotment date of Akiko Global Services IPO is 1st July 2024.
What is Akiko Global Services IPO listing date?
The Akiko Global Services IPO will be listed on 2nd July 2024.
Who are the book runners for Akiko Global Services IPO?
Fast Track Finsec Private Limited is the book-running lead manager for Akiko Global Services IPO.
What is the objective of Akiko Global Services IPO?
Akiko Global Services plans to utilize the raised capital from the IPO to:
● To fund the working expenditure requirements for implementing ERP Solution and TeleCRM.
● For building a mobile app for offering financial product solutions.
● Increase the visibility and awareness of various brands of the company including "Akiko Global" or "Moneyfair”.
● To fund the working capital requirement.
● General corporate purposes.
● To meet the public issue expenses.
Contact Details of Akiko Global (The Money Fair) IPO
Contact Information
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/
Akiko Global (The Money Fair) IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Akiko Global (The Money Fair) IPO Lead Manager
Fast Track Finsec Pvt Ltd
Akiko Global IPO Related Articles
