Akiko Global Services Limited (NSE SME)
Jun 25, 2024 - Jun 27, 2024
| Price | ₹73 - ₹77 |
| Premium | ₹5 |
|---|---|
| Lot size | 1600 |
| Allotment | Jun 28, 2024 |
| Listing | Jul 2, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 123200 | 624 |
| HNI | 2 | 3200 | 246400 | 268 |
Last updated on 27-Jun-2024 17:02:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 569600 | 6680000 | 11.73 |
| NIB | 428800 | 20753600 | 48.4 |
| RETAIL | 998400 | 45497600 | 45.57 |
| Total | 1996800 | 72931200 | 36.52 |
| Retail Apps | 28436 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹5 | @8% ₹5.72 | @9% ₹6.43 | @10% ₹7.15 | @11% ₹7.86 | @12% ₹8.58 |
The Money Fair IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.26% | 998400 |
| NII (HNI) | 14.29% | 428800 |
| Anchor | 28.46% | 854400 |
| QIB | 18.98% | 569600 |
| Market Maker | 5.01% | 150400 |
| Total | 100.00% | 3001600 |
The Money Fair IPO Details
| Issue Size | 3,001,600 shares (aggregating up to ₹23.11 Cr) |
| Fresh Issue | 3,001,600 shares (aggregating up to ₹23.11 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,768,000 |
| Share holding post issue | 10,769,600 |
| Market Maker portion | 150,400 shares Nikunj Stock Brokers |
Key Performance Indicator
| KPI | Jan-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 32.44% | 129.22% | 92.44% |
| ROCE | 29.23% | 109.99% | 63.39% |
| RONW | 22.91% | 78.36% | 63.22% |
| EPS (Diluted) | 4.7 | 12.62 | 2.86 |
| P/E Pre IPO | 13.2 | ||
| P/E Post IPO | 21.5 |
Company Financials
Akiko Global Services Limited Financial Information (Restated)
| Period | Jan 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 1,794.91 | 1,130.87 | 405.67 | 234.88 |
| Revenue | 2,609.76 | 3,958.97 | 1,353.31 | 610.78 |
| Profit | 321.48 | 453.26 | 77.85 | 22.98 |
| Net Worth | 1,403.37 | 578.40 | 123.14 | 45.29 |
| Reserves | 626.57 | 574.40 | 121.14 | 43.29 |
| Borrowing | 122.05 | 95.89 | 26.13 | 49.62 |
| Amount in ₹ Lakhs | ||||
About Company
Incorporated in June 2018, Akiko Global Services Limited collaborates with major banks and non-banking financial companies (NBFCs) in India, leveraging six years of experience in distributing and selling financial products such as credit cards and personal loans. The company excels in aiding financial institutions in expanding their credit card and loan portfolios. It operates "The Money Fair," a technology platform that utilizes sophisticated algorithms to gather and analyze data, assessing creditworthiness to provide actionable insights for easier comparison of financial offers. This platform aims to enhance customers' chances of securing loans or credit cards. As of April 30, 2024, Akiko Global Services Limited employs 418 permanent staff, including its directors and key managerial personnel, underscoring its substantial operational scale and capability.
Strength Factors
Experienced and Qualified Management and Employee Base: Akiko Global Services Limited boasts a team of 418 permanent staff, including directors and key managerial personnel, bringing extensive expertise and professionalism to the company's operations.
Strong and Consistent Financial Performance: The company's robust financial health reflects its effective business strategies and solid partnerships with major banks and NBFCs, ensuring steady growth and profitability.
Growing Customer Base: With a focus on distributing and selling financial products like credit cards and loans, Akiko Global Services Limited has successfully expanded its customer base, driven by its innovative platform, "The Money Fair," which enhances customer access to financial products.
Risk Factors
Customer Concentration: With approximately 93.26% of revenues for the financial year ended March 31, 2023, coming from the top ten customers, any loss of business from one or more of these key clients could significantly impact the company's revenues and profitability.
Dependence on Key Clients: The heavy reliance on a limited number of customers for the majority of its income exposes the company to substantial financial risk if these clients reduce their business or terminate their relationships.
Promoter Equity Cost Discrepancy: The average cost of acquisition of equity shares held by the promoters is lower than the issue price, which might raise concerns among investors regarding valuation and promoter advantage.
The Money Fair IPO Lead Manager(s)
- Fast Track Finsec Pvt Ltd
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php