The Money Fair - Akiko Global Services SME IPO Details, Financials, Valuation & Peers
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.
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.
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.
| Fields | Details |
|---|---|
| IPO Dates | 25 Jun - 27 Jun 2024 |
| IPO Price Band | ₹ 73 - 77 per share |
| Fresh Issue | 30,01,600 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 23.11 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
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.
| Event | Date |
|---|---|
| IPO Opening Date | 25 Jun 2024 |
| IPO Closing Date | 27 Jun 2024 |
| Basis Of Allotment | 01 Jul 2024 |
| Refunds | 01 Jul 2024 |
| Demat Transfer | 01 Jul 2024 |
| IPO Listing Date | 02 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Jan 2024 |
|---|---|---|---|---|
| Total Income | 6.11 | 13.53 | 39.59 | 26.10 |
| Total Expenses | 5.68 | 12.35 | 33.37 | 21.50 |
| Net Profit/Loss | 0.23 | 0.78 | 4.53 | 3.21 |
| NPM (*) | 3.76 | 5.76 | 11.45 | 12.41 |
| Total Assets | 2.35 | 4.06 | 11.31 | 17.95 |
| Total Liabilities | 1.90 | 2.83 | 5.52 | 3.92 |
* 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Jan 2024 |
|---|---|---|---|---|
| EPS | 0.84 | 2.86 | 12.62 | 4.70 |
| ROE (%) | 67.99 | 92.44 | 129.22 | 32.44 |
| ROCE (%) | 21.79 | 63.39 | 109.99 | 29.23 |
| RoNW (%) | 50.74 | 63.22 | 78.36 | 22.91 |
| D/E Ratio | 1.10 | 0.21 | 0.17 | 0.09 |
| Current Ratio | 0.99 | 1.38 | 2.40 | 6.81 |
| EBITDA MARGIN (%) | 6.95 | 8.74 | 15.97 | 17.76 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 10.21 |
| Non-Institutional Investor (NII/HNI) | 48.05 |
| Retail Individual Investor (RII) | 45.57 |
| Total | 34.96 |
* 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.