July 2, 2024
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Akiko Global Services IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Akiko Global Services IPO Post Listing Review:
On 2nd July 2024, the scrip is listed at Rs. 98, premium of 27.27% over the issue price Rs. 77. The listing has been very impressive and much above the expectations of the grey market.
What was the last GMP of Akiko Global Services IPO?*
GMP Rs. 5
Subscription status of Akiko Global Services IPO
Akiko IPO Subscription ClosedPrice Rs. 77 Lot 1600 shares |
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| QIB | NII X | RII X | Total X | Applications |
| 10.21 | 48.05 | 45.57 | 34.96 | 28,436 / 45.57x |
| Amount wise subscription recd. Rs.758.59 Crore | ||||
| So-so response received | ||||
What is the business of Akiko Global Services?
The Company has commenced its operations in 2018 and it is a channel partner for major banks and Non-Banking Financial Companies (NBFCs) in India, with six years of expertise and experience, working majorly in the distribution and sales of financial products such as credit cards and loans.
We are using a Customer Relationship Management (“CRM”) system in its day-to-day operations. All leads undergo injection and monitoring within our CRM, developed by the Company. Its CRM is developed with the features to protect customer information from any threat.
As it continues to grow, it is committed to continually evaluating and improving its key activities to
enhance customer satisfaction and optimize its business processes. By combining the expertise of its team members, the power of digital marketing, the effectiveness of its telemarketing approach, and its strong network of Feet-on-street, we strive to provide an exceptional and seamless experience for its customers. It has been awarded several accolades and testimonials by several banks and financial institutions.
Get more information about the company @ http://www.themoneyfair.com/
| Akiko Global Services IPO Details | |
| IPO opens on | 25 June 2024 |
| IPO closes on | 27 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3001600 Shares / Rs 23.11 Crore |
| * Fresh Issue | 3001600 Shares / Rs ? Crore |
| * Offer for Sale | – Shares / Rs – Crore |
| Market Maker Portion | 150400 Shares |
| Net offer to Public | 2851200 Shares/ Rs.21.95 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.73-77 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in Akiko Global Services IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 1425600 | 10.98 |
| NII (15%) | 427680 | 3.29 |
| RII (35%) | 997920 | 7.68 |
| Total Shares | 2851200 | 21.95 |
| Retail portion will be oversubscribed by | 624 | |
| Forms | ||
| How much Shares to Apply in Akiko Global Services IPO? | ||
| Min Retail Application | 1600 Shares | Rs. 123200 |
| Min HNI Application | 3200 Shares | Rs.246400 |
Who are the Promoters of Akiko Global Services IPO?
The promoters of the company are Mr. Gurjeet Singh Walia, Ms. Richa Arora, Mr. Ankur Gaba, Mr. Puneet Mehta and Ms. Priyanka Dutta.
What are the Objects of Akiko Global Services IPO?
The Offer comprises of a Fresh Issue of Equity shares & also offer for sale.
The company intends to utilize the proceeds of the Offer to meet the following objects: –
1. Implementation of ERP Solution and TeleCRM
2. Mobile Application for financial product solution
3. To meet working capital requirements.
4. Enhancing visibility and awareness of the brands, including but not limited to “Akiko Global” or “Moneyfair
5. General Corporate Purpose; and
Issue Expenses
| Akiko Global Services IPO Tentative timetable | |
| IPO opens on | 25 June 2024 |
| IPO Closes on | 27 June 2024 |
| IPO Allotment on | 1 July 2024 |
| Refund Initiation | 1 July 2024 |
| Credit of Shares | 1 July 2024 |
| Listing on | 2 July 2024 |
| Registered Office of the Company Akiko Global Services Limited 11th Floor, Off. No. 8/4-D, Vishwadeep Building District Centre Janak Puri West Delhi, New Delhi-110058 |
| Who is the Lead Manager of Akiko Global Services IPO? Fast Track Finsec Pvt Ltd |
| Who is the Registrar to IPO? Skyline Financial Services Private Ltd |
| Akiko Global Services IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | 6.11 | 0.23 | 0.84 | 50.74 |
| 2021-22 | 13.53 | 0.78 | 2.86 | 63.22 |
| 2022-23 | 39.59 | 4.53 | 12.62 | 78.36 |
| Book Value of the Share on | 31.01.2024 | Rs 20.52 | ||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 77 | |||
| Akiko Global Services IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | ? |
| Price/BV Ratio | ? |
| Upper price/BV after IPO | – |
How Akiko Global Services IPO compares with the Peers?
There are no listed Companies in India, the business portfolio of which is comparable with its business, accordingly it is not possible to provide an Industry comparison in relation to this Company.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Akiko Global Services IPO To the point Guidance
The Company has commenced its operations in 2018 and it is a channel partner for major banks and Non-Banking Financial Companies (NBFCs) in India, with six years of expertise and experience, working majorly in the distribution and sales of financial products such as credit cards and loans.
Size: The net size of the IPO is Rs 21.95 crore. HNI portion is Rs. 3.29 crore and retail portion is Rs. 7.68 crore. With just 624 applications, the retail portion can get one time subscribed. Looking to the current fancy in the market, the oversubscription is not an issue.
Financial Snapshot: The company which has been dealing with major banks and NBFCs has shown strong growth in its total income and net profits during last 3 years. In the full year 2022-23, it has shown total income of Rs. 39.59 crores and net profits of Rs. 4.53 crore and accordingly, the EPS for the said year is shown as Rs. 12.62. However, during on 23 July 2023, it converted loan into equity capital, On 25 July 2023, it issued bonus shares and on 25 September 2023, it issued shares on preferential allotment basis. Because of all these changes in the Capital structure, the Equity base has increased to 7768000 shares, as compared to only 40000 shares as on 31.03.2023. Consequently, EPS for the year 2022-23 has to be reworked, which the company has not shown in its RHP. Because of the capital restructure, the EPS can be reworked and taken around Rs. 6.00. The shares are offered at Rs. 77, eg PE multiple of around 12.83. There appears enough room for listing gains. Apply.
Quicklinks
Akiko Global Services IPO GMP today details?
Akiko Global Services IPO
Akiko Global Services IPO FAQs
What is Akiko Global Services IPO?
Akiko Global Services is a SME IPO of 3001600 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.73-77 per share. The minimum order quantity is 1600 Shares.
When will Akiko Global Services IPO open?
Akiko Global Services IPO opens on June 25, 2024, and closes on June 27, 2024.
What is the lot size of Medicamen Organics IPO?
Akiko Global Services IPO lot size is 1600 Shares, and the minimum amount required is Rs.123200.
How to apply for Akiko Global Services IPO?
You can apply in Akiko Global Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Akiko Global Services IPO allotment?
The finalization of Basis of Allotment for Akiko Global Services IPO will be done on 1 July, 2024, and the allotted shares will be credited to your demat account by July 1, 2024.
When is Akiko Global Services IPO listing date?
Akiko Global Services IPO listing date is July 2, 2024.
