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Akiko Global Services Limited IPO

Akiko Global Services Limited IPO

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Listed Price: ₹ 98.00 (+27.27%)

Akiko Global Services Limited's successfully completed its Initial Public Offering and commenced trading on 02-07-2024 at the NSE exchange. The company raised 30,01,600 Shares through this public offering, comprising 30,01,600 Shares in fresh capital.

The IPO was priced within the band of ₹73 to ₹77, with minimum application lots of 1600 shares. The offering attracted significant investor interest during its subscription period from 25-06-2024 to 27-06-2024.

Share allotment was finalized on 28-06-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Akiko Global IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Akiko Global IPO Key Performance Indicator
Company Financials ( in ₹ Lakhs )

Akiko Global IPO About Company

Akiko Global Services Limited, incorporated in June 2018, partners with major banks and NBFCs in India, leveraging six years of expertise in distributing financial products like credit cards and personal loans. The company helps financial institutions expand their credit portfolios and operates "The Money Fair," a technology platform that uses advanced algorithms to assess creditworthiness, providing insights for better financial decision-making. This platform enhances customer access to loans and credit cards by facilitating easy comparisons of financial offers. As of April 30, 2024, Akiko Global Services Limited employs 418 permanent staff, including directors and key managerial personnel, demonstrating its strong operational presence.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

Akiko Global IPO Strength Factors

  1. Skilled & Experienced Team: Akiko Global Services Limited has a strong team of 418 permanent employees, including key leaders, ensuring smooth and professional operations.
  2. Stable Financial Growth: The company’s solid financial performance, backed by strategic partnerships with major banks and NBFCs, highlights its steady growth and profitability.
  3. Expanding Customer Reach: Through its innovative platform, The Money Fair, Akiko Global Services Limited continues to grow its customer base by making financial products like credit cards and loans more accessible.

Akiko Global IPO Risk Factors

  1. Revenue Dependence on Key Clients: Around 93.26% of the company’s revenue for the financial year ending March 31, 2023, came from its top ten customers. Losing any of them could significantly impact earnings.
  2. Financial Risk from Client Dependence: Relying heavily on a few clients increases financial vulnerability if they reduce business or end their partnerships.
  3. Equity Price Concern: Promoters acquired their equity shares at a lower cost than the issue price, which may raise investor concerns about valuation and fairness.

Akiko Global IPO Lead Manager(s)

  • Fast Track Finsec Private Limited

Akiko Global IPO Promoter(s)

  1. Mr. Gurjeet Singh Walia
  2. Ms. Richa Arora
  3. Mr. Ankur Gaba
  4. Mr. Puneet Mehta
  5. Ms. Priyanka Dutta

Akiko Global IPO Company Details

Akiko Global Services Limited
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Akiko Global IPO Registrar

Skyline Financial Services Private Limited
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Akiko Global IPO FAQs