Akiko Global Services Limited (NSE SME)

The Money Fair IPO Reservation

The Money Fair IPO Details

Company Financials

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.

Strength

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