Akiko Global Services Ltd

Akiko Global Services Ltd IPO

Akiko Global Services Ltd IPO Price Range is ₹73 - 77, with a minimum investment of ₹1,23,200 for 1600 shares.

₹1,23,200

/ 1600 shares

Minimum Investment

View Akiko Global Services Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹73 - 77

Open Date

2024-06-25

Close Date

2024-06-27

IPO Size

₹23.11 Cr

Lot Size

1600 shares

Min Investment

₹1,23,200

Listing Exchange

NSE

Akiko Global Services Ltd IPO Application Timeline

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

Strengths and Risks

Strengths

Strengths

  • 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.


Risks

Risks

  • 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.

How to Apply for Akiko Global Services Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Akiko Global Services Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Akiko Global Services Ltd

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.

Frequently Asked Questions of Akiko Global Services Ltd IPO

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

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

What is the allotment date of the Akiko Global Services Ltd IPO?

Akiko Global Services Ltd IPO allotment date is Jul 1, 2024 (tentative).

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

The Akiko Global Services Ltd IPO will open on Jun 25, 2024 and close on Jun 27, 2024

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

The lot size for the Akiko Global Services Ltd IPO is 1600.

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

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

Can we invest in Akiko Global Services Ltd IPO?

Yes, once Akiko Global Services Ltd IPO opens, you can invest in the shares of the company.

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.

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.