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Founded in June 2018, Akiko Global Services Limited works with major banks and NBFCs in India. With six years of experience the company focuses on distributing and selling financial products like credit cards and loans.
Akiko Global Services helps banks and financial institutions in India offer credit cards and personal loans.
Their platform The Money Fair uses technology and algorithms to assess creditworthiness. This platform helps customers compare offers easily and improves their chances of getting a loan or credit card.
Akiko Global Services IPO Overview
Akiko Global Services is planning to raise ₹23.11 crores through IPO selling fresh shares at the price band between ₹73 -₹77 each. The IPO will be open from June 25 to June 27. Share allotment is expected to be completed by July 1, 2024 and shares are scheduled to be listed on NSE SME segment by July 2, 2024.
Currently, company’s promoters own 92.77% of the company. After the IPO, their ownership will drop to 66.91%. Skyline Financial Services is responsible for handling the IPO registration.
Akiko Global Services IPO GMP
As of June 24, Akiko Global Services IPO has a Grey Market Premium of ₹18. With the upper price band set at ₹77, the estimated listing price is ₹95 (Upper price band + today’s GMP). Indicating a gain of 23.38% per share.
Stay tuned with Trade Target for daily updates on Akiko Global Services IPO GMP and the expected listing price.
- Date: 27– June – 2024
- Akiko Global Services GMP: ₹15 (19.48%)
- Date: 26– June – 2024
- Akiko Global Services GMP: ₹18 (23.38%)
- Date: 25– June – 2024
- Akiko Global Services GMP: ₹18 (23.38%)
- Date: 24– June – 2024
- Akiko Global Services GMP: ₹18 (23.38%)
How can one apply for Akiko Global Services IPO?
For retail investors minimum investment starts with 1 lot including 1600 shares at a cost of ₹123,200 and this is the maximum limit for retail investors to apply in Akiko Global Services IPO.
For HNIs minimum investment in Akiko Global Services’s IPO is set at 2 lots which includes 3200 shares and costs ₹246,400.
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail (Min) | 1 | 1600 | ₹123,200 |
Retail (Max) | 1 | 1600 | ₹123,200 |
S-HNI (Min) | 2 | 3200 | ₹246,400 |
Akiko Global Services IPO Financial
As of March 31, 2024, Akiko Global Services reported a profit after tax of ₹321.48 lakhs. This represents a decrease from the previous year’s PAT of ₹453.26 lakhs on March 31, 2023. In contrast, the PAT for March 31, 2022 stood at ₹77.85 lakhs.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
Assets in (₹ Lakhs) | 1,794.91 | 1,130.87 | 405.67 |
Revenue (₹ Lakhs) | 2,609.76 | 3,958.97 | 1,353.31 |
PAT (₹ Lakhs) | 321.48 | 453.26 | 77.85 |
Total Borrowing (₹ Lakhs) | 122.05 | 95.89 | 26.13 |
Akiko Global Services IPO Quota allocation
- QIB Investor: 50% of the net issue
- Retail Investor: 35% of the net issue
- NII (HNI) Investor: 15% of the net issue
Expected Listing Date for Akiko Global Services IPO
- Subscription Period: 25 June to 27 June
- Basis of Allotment Finalization: 1 July 2024
- Initiation of Refunds: 1 July 2024
- Demat Credits: 1 July 2024
- Listing Date: 2 July 2024
- Listing on: NSE SME
