Akiko Global Services Limited

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

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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/

Offer Documents

The Money Fair IPO DRHP

The Money Fair IPO RHP

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%