Akiko Global Services Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹77
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,23,200
Issue Size
₹23.11 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Akiko Global Services Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
92.55%
Promoter Holding (Post-Issue)
66.9%
Issue Type
Book Building - SME
ISIN
INE0PMR01017
About the Company
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 it's 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.
Industry Overview
The reforms of the 1990s have been associated with the expansion of the service sector in India. Midway through the 1980s, the service sector began to expand, but it took off in the 1990s when India started a series of economic reforms in response to a serious balance of payments issue. The services sector is not only the dominant sector in India's GDP but has also attracted significant foreign investment, has contributed significantly to exports and has provided large-scale employment. India's services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction. Direct Selling is a method of marketing and retailing goods or services directly to consumers, through personal contact, away from permanent retail premises. The products or services are sold through Active Direct Sellers, who act as individual representatives of the Direct Selling entities. These sellers carry out product demonstrations while making such sales. The Direct Selling concept is considered to have been kick-started in India in the late 1990s. The industry witnessed major growth with many global players entering the Indian market. The investors have seen how this platform created a positive impact on several other social and economic parameters. The credit card industry has grown tremendously in India. There are many developments happening in the space, with varied innovations and changes in technology. These new developments offer smooth on-boarding journeys, differentiated card products, personalised offers and rewards, and better mobile apps, which have proved to be greatly beneficial to existing customers and attracted new customers as well. Credit card issuers are also making efforts to bring further innovation and awareness to this space. The same can be seen from the significant growth in India's credit card market.
Company History
Akiko Global Services Limited was incorporated as a private limited company namely "Akiko Global Services Private Limited" under the Companies Act, 2013 vide certificate of incorporation dated June 13, 2018 issued by Registrar of Companies, NCT of Delhi and Haryana bearing registration no. 335272. Further, the Company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of the Company at the Extra Ordinary General Meeting held on March 31, 2023. A fresh Certificate of Incorporation consequent to conversion was issued April 12,2023 by the Registrar of Companies, NCT of Delhi and Haryana and consequently the name of the Company was changed from "Akiko Global Services Private Limited" to "Akiko Global Services Limited". The Company's Corporate Identification Number is U794999DL2018PLC335272.
Products & Services
- Akiko Global Services Limited has commenced its operations in 2018 and is currently working as a Channel Partner (DSA) for major Banks / NBFCs.
Growth Strategy
- Enhancing Customer Acquisition.
- Strengthening Customer Retention.
- Increasing Collaboration with Banks.
- Embracing Technology.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets for the last reported financial year.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 30,01,600 equity shares of face value of Rs. 10/- each ("Equity Shares") of Akiko Global Services Limited ("Company") for cash at a price of Rs. 77 per equity share aggregating up to Rs. 23.11 crores of which up to 1,50,400 equity shares of face value of Rs. 10 each for aggregating to Rs. 1.16 will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 28,51,200 equity shares of face value of Rs. 10 each at a price of Rs. 77 per equity share aggregating to Rs. 21.95 is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.87% and 26.47% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 each and the issue price is Rs. 77.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- 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.