Akiko Global Services Limited -SME | Globe Capital Market LTD.
Akiko Global Services Limited -SME
Closed
Price Band
₹73 to ₹77 per share
IPO Issue Period
June 25, 2024 to June 27, 2024
Issue Size
₹23.11 Cr
Face value
₹10 per share
Fresh issue
₹23.11 Cr
Minimum Shares for Retail
1600 Shares
Listing on
NSE SME
Issue Type
Book Built Issue IPO
Registrar to the Issue
Skyline Financial Services Private Ltd
Tentative Listing Date
Tuesday, July 2, 2024
QIB
50%
NII
15
Retail
35%

Akiko Global Services Limited partners with major banks and non-banking financial companies (NBFCs) in India. The company has six years of experience and specializes in distributing and selling financial products, such as credit cards and loans.

The company specializes in helping banks and financial institutions in India sell credit cards and personal loans.

The Money Fair, powered by Akiko Global Services Limited, is a technology platform that uses algorithms to gather and analyze data to assess creditworthiness. It provides insights for easy comparison of offers and aims to increase the chances of securing a loan or a card for customers.

For year/ period ended (Rs. in lacs.)

H1FY23 FY22 FY21
Total Revenue 3,958.97 1,353.31 610.78
Profit After Tax 453.26 77.85 22.98
EPS 12.62 2.86 0.84
OPM (%) 15.97% 8.74% 6.95%
PATM (%) 11.45% 5.76% 3.76%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23

 

 

  • Experienced and Qualified Management and Employee base.
  • Strong and Consistent Financial Performance.
  • Growing customer base.
  • Scalable and reliable business model.
  • Experienced Promoters and Senior Management with extensive domain knowledge.
  • 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; and
  • Issue Expenses

Based on FY24 annualized super earnings, the issue appears aggressively priced. Well-informed investors may park moderate fund for long term.

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