The Money Fair - Akiko Global Services SME IPO Details, Financials, Valuation & Peers

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Get everything you need to know about the Akiko Global Services IPO. Explore The Money Fair - Akiko Global Services IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.

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Status
Listed
Biding Dates
25 Jun - 27 Jun 2024
Price Range
₹ 73 - 77
Issue Size
₹ 23.11 crore
Listed Price
₹9827.27%

Overview

The Money Fair, operated by Akiko Global Services Limited, began its operations in 2018 as a Channel Partner (DSA) for major banks and Non-Banking Financial Companies (NBFCs) in India. Specializing in credit cards and loans, the company leverages tele-calling, corporate activities, feet-on-street strategies, and digital marketing to acquire and serve customers. The Money Fair is renowned for its commitment to compliance and quality, being ISO Certified by QFS Management Systems LLP and accredited by the Standards Council of Canada. With a focus on sustainable growth and customer satisfaction, the company provides informed and tailored financial product recommendations through its digital platform.

Key Points:

  • Business Model:
    • Channel Partner: Works as a Direct Selling Agent (DSA) for major banks and NBFCs.
    • Customer Acquisition: Utilizes tele-calling, corporate activities, feet-on-street strategies, and digital marketing.
    • Specialization: Focuses on credit cards and loans, offering guidance and assistance to individuals and businesses.
  • Services:
    • Product Offerings: Sells credit cards and personal loans on behalf of banks and financial institutions.
    • Customer Support: Provides extensive guidance on finding the right credit card or securing suitable loans.
    • Digital Platform: The Money Fair website, powered by Akiko, uses an algorithm-based platform to assess creditworthiness and offer unbiased advice.
  • Technology and Data:
    • CRM System: Employs a Customer Relationship Management system for lead management, developed by the company to protect customer information.
    • Data Analysis: Gathers and analyzes data from various sources to provide insights and compare multiple financial offers.
  • Growth and Strategy:
    • Sustainable Growth: Focuses on expanding the customer base through a comprehensive business strategy.
    • Scaling-Up Strategy: Implements new-age tech-enabled agility and efficient service delivery to enhance customer satisfaction and optimize business processes.
    • Market Expansion: Targets a diverse customer segment using a combination of digital marketing, telemarketing, and on-the-ground strategies.

IPO Docs

Objects of the Issue

  • Implementation of ERP Solution and TeleCRM
  • Mobile Application for financial product solution
  • To meet working capital requirements
  • Enhancing visibility and awareness of the company's brands, including but not limited to “Akiko Global” or “Money fair”
  • General Corporate Purpose
  • Issue Expenses

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates25 Jun - 27 Jun 2024
IPO Price Band₹ 73 - 77 per share
Fresh Issue30,01,600 shares
Offer For SaleNIL
Total IPO Size₹ 23.11 crore
Face Value₹ 10
Listing OnNSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date25 Jun 2024
IPO Closing Date27 Jun 2024
Basis Of Allotment01 Jul 2024
Refunds01 Jul 2024
Demat Transfer01 Jul 2024
IPO Listing Date02 Jul 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202131st March 202231st March 2023Jan 2024
Total Income6.1113.5339.5926.10
Total Expenses5.6812.3533.3721.50
Net Profit/Loss0.230.784.533.21
NPM (*)3.765.7611.4512.41
Total Assets2.354.0611.3117.95
Total Liabilities1.902.835.523.92

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202131st March 202231st March 2023Jan 2024
EPS0.842.8612.624.70
ROE (%)67.9992.44129.2232.44
ROCE (%)21.7963.39109.9929.23
RoNW (%)50.7463.2278.3622.91
D/E Ratio1.100.210.170.09
Current Ratio0.991.382.406.81
EBITDA MARGIN (%)6.958.7415.9717.76

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

No listed peers available for comparison.

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)10.21
Non-Institutional Investor (NII/HNI)48.05
Retail Individual Investor (RII)45.57
Total34.96

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

Skyline Financial Services Private Limited
Phone
: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com

Company Promoters

  • Mr. Ankur Gaba
  • Ms. Richa Gaba
  • Mr. Puneet Mehta
  • Mr. Gurjeet Singh Walia
  • Ms. Priyanka Dutta

Lead Managers

  • FAST TRACK FINSEC PRIVATE LIMITED

Company Address

Akiko Global Services Limited

11th Floor, Off. No. 8/4-D, Vishwadeep Building, District Centre Janak Puri, West Delhi, New Delhi, Delhi, India, 110058

Phone: 011-4010 4241

Email: accounting@akiko.co.in

Website: www.themoneyfair.com

FAQs

  • What is the issue size of the The Money Fair - Akiko Global Services SME IPO?
    The The Money Fair - Akiko Global Services SME IPO has an issue size of ₹ 23.11 crore. This includes a fresh issue of 30,01,600 shares and an offer for sale (OFS) of NIL.
  • What is the price band of the The Money Fair - Akiko Global Services IPO?
    The price band for the The Money Fair - Akiko Global Services IPO is ₹ 73 - 77 per share.
  • What are the bidding dates for the The Money Fair - Akiko Global Services IPO?
    The The Money Fair - Akiko Global Services IPO will open for bidding on 25 Jun 2024 and close on 27 Jun 2024.
  • What is the allotment date for the The Money Fair - Akiko Global Services IPO?
    The allotment date for the The Money Fair - Akiko Global Services IPO is 01 Jul 2024.
  • What is the listing date for the The Money Fair - Akiko Global Services IPO?
    The listing date for the The Money Fair - Akiko Global Services IPO is 02 Jul 2024.
  • What is the The Money Fair - Akiko Global Services IPO grey market premium?
    The grey market premium (GMP) for the The Money Fair - Akiko Global Services IPO is currently at ₹5, with an expected listing gain of approximately 6.49%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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