Akiko Global Services Limited
Book Built Issue IPO · NSE
- Price band
- ₹73 - ₹77
- Lot size
- 1,600 shares
- Issue amount
- ₹23.11 cr
- Total subscription
- 36.52×
- Opens
- 25 Jun 2024
- Closes
- 27 Jun 2024
- Allotment
- 28 Jun 2024
- Listing
- 2 Jul 2024
Offer at a glance
Issue overview
- Issue size
- 30,01,600 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,16,800
- Fresh issue
- ₹23.11 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,23,200
- Issue type
- Book Built Issue IPO
- Shares before issue
- 77,68,000
- Shares after issue
- 1,07,69,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,23,200 |
| HNI | 2 | 3,200 | ₹2,46,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.39 | 51.44 |
| RETAIL | 7.69 | 350.33 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.7 | 12.62 | 2.86 |
| ROE | 32.44 | 129.22 | 92.44 |
| ROCE | 29.23 | 109.99 | 63.39 |
| RONW | 22.91 | 78.36 | 63.22 |
| PRE IPO(PE) | 13.2 | 0 | 0 |
| POST IPO(PE) | 21.5 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Akiko Global Services Limited, incorporated in June 2018, partners with major banks and NBFCs in India, leveraging six years of expertise in distributing financial products like credit cards and personal loans. The company helps financial institutions expand their credit portfolios and operates "The Money Fair," a technology platform that uses advanced algorithms to assess creditworthiness, providing insights for better financial decision-making. This platform enhances customer access to loans and credit cards by facilitating easy comparisons of financial offers. As of April 30, 2024, Akiko Global Services Limited employs 418 permanent staff, including directors and key managerial personnel, demonstrating its strong operational presence.
Strengths
- Skilled & Experienced Team: Akiko Global Services Limited has a strong team of 418 permanent employees, including key leaders, ensuring smooth and professional operations.
- Stable Financial Growth: The company’s solid financial performance, backed by strategic partnerships with major banks and NBFCs, highlights its steady growth and profitability.
- Expanding Customer Reach: Through its innovative platform, The Money Fair , Akiko Global Services Limited continues to grow its customer base by making financial products like credit cards and loans more accessible.
Risk factors
- Revenue Dependence on Key Clients: Around 93.26% of the company’s revenue for the financial year ending March 31, 2023, came from its top ten customers. Losing any of them could significantly impact earnings.
- Financial Risk from Client Dependence: Relying heavily on a few clients increases financial vulnerability if they reduce business or end their partnerships.
- Equity Price Concern: Promoters acquired their equity shares at a lower cost than the issue price, which may raise investor concerns about valuation and fairness.
Promoters
Mr. Gurjeet Singh Walia
Ms. Richa Arora
Mr. Ankur Gaba
Mr. Puneet Mehta
Ms. Priyanka Dutta
Registrar & documents
Lead manager
Fast Track Finsec Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
11th Floor, Off. No. 8/4-D, Vishwadeep Building, District Centre Janak Puri, West Delhi, New Delhi-110058
011-4010 4241
[email protected]Company website ↗Understanding AKIKO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.