Akiko Global Services was incorporated on June 13, 2018. The company is a channel partner for major banks and non-banking financial companies 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.
| Bidding Dates |
|---|
| 25 Jun 2024 - 27 Jun 2024 |
| Subscription |
|---|
| 35.22x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,16,800 | 1 | 1 | 1600 | 3.0 M | ₹73 - ₹77 | 66.92 % | ₹219.1 M - ₹231.1 M | RHP DOC |
Akiko Global IPO SUBSCRIPTION STATUS
27 Jun '24Akiko Global IPO overall subscription rate was 35.22 times the total available shares
Akiko Global IPO retail subscription rate was 63.92 times in the retail segment
Akiko Global IPO non-institutional investor subscription rate was 64.95 times in the non-institutional investor category
Akiko Global IPO Qualified Institutional Bidder subscription rate was 6.22 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
27 Jun 2024 (Day 3) | 63.92x | 64.95x | 6.22x |
26 Jun 2024 (Day 2) | 8.56x | 3.53x | 0.01x |
25 Jun 2024 (Day 1) | 3.11x | 1.28x | 0x |
Akiko Global FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 10MFY24 | 32.1 | 259.0 | -61.2 | -61.7 | 17.8% |
| FY23 | 45.3 | 395.8 | 5.3 | 2.3 | 16.0% |
| FY22 | 7.8 | 135.2 | 1.3 | -0.4 | 8.7% |
| FY21 | 2.3 | 61.1 | -1.8 | -6.2 | 7.0% |
Akiko Global IPO SUBSCRIPTION STATUS DETAILS
Akiko Global had 3.0 M shares on offer
Akiko Global IPO offer price was in the range ₹73 - ₹77
Akiko Global IPO minimum Investment was ₹116800
Akiko Global IPO issue size was ₹ 219.1 M - ₹ 231.1 M
Akiko Global had a minimum lot size of 1600 Shares per application
Akiko Global NUMBER OF SHARES ON OFFER
Akiko Global IPO IMPORTANT DATES
| Issue Open Date | 25 Jun 2024 |
| Issue close Date | 27 Jun 2024 |
| Allotment Date | 01 Jul 2024 |
| Refund Date | 01 Jul 2024 |
| Demat Account Credit Date | 01 Jul 2024 |
| Listing Date | 02 Jul 2024 |
| Listing on Exchange(s) | NSE |
| Akiko Global Allotment Status | Exchange |
Akiko Global IPO subscription opened on 25 Jun 2024, and closed on 27 Jun 2024
IPO allotment for Akiko Global was finalized on Monday, 01 Jul 2024
IPO listing for Akiko Global was on NSE on Tuesday, 02 Jul 2024
Akiko Global IPO LISTING GAINS
| Issue Price (adjusted) | 77.0 |
| Listing Open Price | 98.0 |
| Listing Close Price | 93.3 |
| Listing Gain% | 27.3% |
| Current Gain% | 317.2% |
Akiko Global Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Akiko Global Services Ltd. | 321.2 | 346 | 22.6 | 0.1 | 1.6 | 25.6 | 14.2 | 173 | 126.4 | 15.3 | 107.5 | 14.2 | 185.9 |
| Gretex Industries Ltd. | 289 | 448.1 | 304.4 | -26.1 | 8 | 2.8 | 2.2 | 57.1 | 54.4 | 1.5 | 3.9 | 0.9 | -11.7 |
| Shiv Texchem Ltd. | 112 | 259.6 | 3.3 | 19 | 5.2 | 2782.1 | 26.2 | 77.8 | 61.7 | 33.6 | |||
| Purple Wave Infocom Ltd. | 245.7 | 227.2 | 16.9 | 23.3 | 14.3 | 146.3 | 16 | 13.4 | 47.3 | 14.5 | |||
| Nanta Tech Ltd. | 407.6 | 209.1 | 25.6 | 16.3 | 10.2 | 70.2 | 36.9 | 8.2 | 74.5 | 15.9 | |||
| Ace Men Engg Works Ltd. | 108.7 | 140.4 | 116881.7 | 1112.5 | 0 | 0 | 0.1 | 2.9 | 0 | 106.2 | 0 | 105.1 |
Akiko Global INFORMATION ON IPO ISSUE
About Akiko Global
Akiko Global Services was incorporated on June 13, 2018. The company is a channel partner for major banks and non-banking financial companies 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.
Object of the Issue
- Implementation of ERP Solution and TeleCRM
- Mobile application for financial product solution
- To meet working capital requirements
- Enhancing visibility and awareness of the brands, including but not limited to Akiko Global or Moneyfair
- General corporate purpose
- Issue expenses
Akiko Global - PROMOTERS
| Name |
|---|
| Ankur Gaba |
| Richa Arora |
| Gurjeet Singh Walia |
| Puneet Mehta |
| Priyanka Dutta |
Akiko Global Lead Manager to the Issue
Fast Track Finsec Private Limited
mb@ftfinsec.com
Akiko Global Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Akiko Global Strengths
Diversified business model
The company's business model encompasses various customer acquisition strategies, including telemarketing, feet-on-street approach, digital marketing, and corporate activities. This diversified approach enables it to reach a broad customer base and optimize sales potential
Extensive database
Over the years, the company has amassed a vast database of customers from target segments. This enables it to precisely target potential customers and tailor its offerings to their specific needs, thereby enhancing the efficiency of its marketing efforts
Akiko Global Risks
Dependent on limited customers
The company's top ten customers contribute approximately 93.3% of the revenues for FY23. Any loss of business from one or more of them may adversely affect the revenues and profitability
Negative cash flow
The company has a negative cash flow in some of the previous years. Sustained negative cash flow could impact the growth and business
IPO FAQs
The promoters of the company are Ankur Gaba, Richa Arora, Gurjeet Singh Walia, Puneet Mehta and Priyanka Dutta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 73.0 - 77.0.
The IPO application opens on Jun 25, 2024 and closes on Jun 27, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 116,800.0, the maximum value for this IPO is Rs 123,200.0.
This IPO will be allotted on Jul 01, 2024.
The refund will be credited to your account on Jul 01, 2024.
The allotted shares will be credited to your demat on Jul 01, 2024.
Akiko Global Services Ltd.’s shares listed on the stock exchanges on Jul 02, 2024.