Akiko Global Services Ltd

Akiko Global Services Ltd IPO

IPO Price Range: ₹73 - 77

Akiko Global Services Limited has commenced its operations in 2018 and is currently working as a Channel Partner (DSA) for major Banks / NBFCs. Its business model involves tele-calling, corporate activities, as well as a feet-on-street and digital marketing model to acquire customers digitally. Its proficiency lies in the field of credit cards and loans, empowering it to offer extensive guidance and assistance to individuals and businesses as they navigate the expansive landscape of financial products. Whether its finding the right credit card for maximizing rewards and benefits, or securing the most suitable loan for personal or business needs, its team is dedicated to delivering informed and tailored recommendations.The company specializes in selling credit cards and personal loans on behalf of banks and financial institution in India. It predominantly focuses on sustainable growth and expanding its customer base, in line with its successful business model which includes telemarketing, feet-on-street, digital marketing, and corporate activities. The Company believes that its comprehensive business strategy, backed by its experienced team and extensive database of target segment customers, will enable it to achieve its goals.

Min Investment

₹1,23,200

IPO Size

₹23 Cr

IPO Status

Closed

Quantity in 1 Lot

1600

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Akiko Global Services Ltd

Open Date25 Jun 2024
Close Date27 Jun 2024
Allotment Date1 Jul 2024
Listing Date2 Jul 2024

Key Statistics

Bid Opening DateBid Opening Date25 Jun 2024
Bid Closing DateBid Closing Date27 Jun 2024
Allotment DateAllotment Date1 Jul 2024
Issue SizeIssue Size₹23.11Cr
Quantity in 1 lotQuantity in 1 lot1600

Strength and risks

Strength

Strength

  • 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.


Risk

Risk

  • Its top ten customers contribute approximately 93.26% of the company revenues for the financial year ended March 31, 2023. Any loss of business from one or more of them may adversely affect its revenues and profitability.

  • The company does not own its Registered Office from which its operate and the same is on rental basis. If the company is required to vacate the same, due to any reason whatsoever, it may adversely affect its business operations.

  • The average cost of acquisition of Equity Shares held by its Promoters is lower than the Issue Price.

  • The company may not be successful in implementing its business strategies.

  • Its logo `The money fair Simplify your finances is not registered. In case of no registration its brand building efforts may be hampered which might lead to an adverse effect on its business.

  • The company has a negative cash flow in some of the previous years, details of which are given below. Sustained negative cash flow could impact its growth and business.

  • Its Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.

  • Its growth will depends on the companys ability to build its brand and failures to do so will negatively impact the companys ability to effectively compete in this industry.

  • The company faces competition in its business from domestic competitors. Such competition would have an adverse impact on its business and financial performance.

  • The company is dependent on its promoter and senior management and other key personnel, and the loss of, or its inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.

Promoters Holding

Investors Holdings %
Ankur Gaba19.12%
Priyanka Dutta2.18%
Puneet Mehta25.46%
Gurjeet Singh Walia25.44%
Richa Arora20.56%

About Akiko Global Services Ltd

OrganisationAkiko Global Services Ltd
HeadquartersJanakpuri
IndustryFinance

Frequently Asked Questions

  • What is the size of the Akiko Global Services Ltd IPO?

    The size of the Akiko Global Services Ltd IPO is ₹23.11Cr .

  • What is 'pre-apply' for Akiko Global Services Ltd IPO?

    'Pre-apply' for Akiko Global Services Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Akiko Global Services Ltd IPO order be placed?

    Your Akiko Global Services Ltd IPO order will be placed on 25 Jun 2024.

  • What are the open and close dates of the Akiko Global Services Ltd IPO?

    The open and close dates of the Akiko Global Services Ltd IPO are 25 Jun 2024 to 27 Jun 2024.

  • What is the lot size and minimum order quantity of the Akiko Global Services Ltd IPO?

    The lot size and minimum order quantity of the Akiko Global Services Ltd IPO are 1600 and 1600 respectively.

  • What would be the listing gains on the Akiko Global Services Ltd IPO?

    The potential listing gains on the Akiko Global Services Ltd IPO will depend on various market factors and cannot be predicted with certainty.