Issue Price
₹77
Per Share
GMP
NIL
Grey Market
Est. Listing
₹77
Expected Price
Min. Application
₹246,400
2 lots × 1600 shares
Incorporated in June 2018, 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.As of April 30, 2024, the company employs 418 permanent staff, including its directors and key managerial personnel.
Akiko Global Services Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 150,400 | — | ₹1.16 Cr | — |
| TOTAL | 3,001,600 | 100.00% | ₹23.11 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹123,200 |
| Retail (Max) | 13 | 20,800 | ₹1,601,600 |
| sNII (Min) | 14 | 22,400 | ₹1,724,800 |
| bNII (Min) | 68 | 108,800 | ₹8,377,600 |
| Particulars | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 2609.76 | 3958.97 | 1353.31 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 321.48 | 453.26 | 77.85 |
| Net Worth | 1403.37 | 578.40 | 123.14 |
| Total Assets | 1794.91 | 1130.87 | 405.67 |
| Reserves & Surplus | 626.57 | 574.40 | 121.14 |
| Total Borrowings | 122.05 | 95.89 | 26.13 |