Akiko Global Services Limited is coming up with an IPO consisting of a fresh issue of 30,01,600 shares worth INR 23.11 crores. The company aims to implement ERP and TeleCRM solutions, develop a financial app, and boost brand visibility.
Akiko Global Services IPO – Important Dates
| Akiko Global Services Limited IPO Date | June 25, 2024 to June 27, 2024 |
| Akiko Global Services Limited IPO Listing Date | July 2, 2024 |
| Akiko Global Services Limited IPO Price | INR 73-77 per share |
| Akiko Global Services Limited IPO Lot Size | 1600 Shares |
| Akiko Global Services Limited IPO Total Issue Size | INR 23.11 crores |
| Akiko Global Services Limited IPO Basis of Allotment | July 1, 2024 |
| Akiko Global Services Limited IPO Initiation of Refunds | July 1, 2024 |
| Akiko Global Services Limited IPO Credit of Shares to Demat | July 1, 2024 |
| Akiko Global Services Limited IPO Issue Type | Book Built Issue IPO |
| Akiko Global Services Limited IPO Listing At | NSE SME |
Akiko Global Services Ltd IPO – Company Profile
Akiko Global Services Limited, a channel partner for significant banks and NBFCs in India, leverages six years of expertise in distributing and selling financial products, including credit cards and loans, to enhance customer access and economic solutions.
Using a proprietary CRM system, they inject and monitor all leads daily. Developed in-house, the CRM features robust security measures to protect customer information from any threats, ensuring efficient and secure customer data management.
Committed to growth, they continuously enhance customer satisfaction and optimize processes through team expertise, digital marketing, telemarketing, and a robust Feet-on-street network, striving to deliver an exceptional, seamless customer experience.
Akiko Global Services Limited IPO Fundamental Analysis
Akiko Global Services Limited Technologies’ financial analysis reveals a mixed performance. Revenue increased significantly but fell short this year. Equity grew, debt reliance decreased, profitability and EPS improved, while RoNW declined and liquidity strengthened.
- Revenue Trend: The revenue increased from ₹1,351.92 lakhs in March 2022 to ₹3,958.11 lakhs in March 2023. The revenue for the current year’s 10-month period ending January 2024 is INR 2,590.30 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹77.85 lakhs in March 2022 to ₹321.48 lakhs by January 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹2.86 in March 2022 to ₹4.70 by January 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 63.22% to 22.91%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
Akiko Global Services IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 January 2024 |
| Revenue (₹ in lakhs) | 1,351.92 | 3,958.11 | 2,590.30 |
| Equity (₹ in lakhs) | 123.14 | 578.40 | 1,403.37 |
| Expenses (₹ in lakhs) | 1,234.96 | 3,326.56 | 2,149.68 |
| Profit and Loss After Tax (₹ in lakhs) | 77.85 | 453.26 | 321.48 |
| Diluted EPS only (₹) | 2.86 | 12.62 | 4.70 |
| Return on Net Worth (%) | 63.22 | 78.36 | 22.91 |
| NAV per Equity Share (₹) | 4.53 | 16.10 | 20.52 |
| Total Assets (in lakhs) | 405.67 | 1,130.87 | 1,794.91 |
| Total Liabilities (in lakhs) | 282.53 | 552.47 | 391.54 |
| Debt Equity Ratio | 0.21 | 0.17 | 0.09 |
| Current Ratio (in times) | 1.38 | 2.40 | 6.81 |
Akiko Global Services Ltd IPO Peer Comparison
There are no listed companies in India whose business portfolio is comparable with Akiko Global Services Limited’s; accordingly, it is not possible to provide an Industry comparison about their company.
Akiko Global Services Limited IPO Objective
Akiko Global Services Limited’s main objectives are to implement ERP and TeleCRM solutions, develop a financial product app, meet working capital needs, and enhance brand visibility and awareness.
- Implementation of ERP Solution and TeleCRM: The company intends to utilize INR 1.70 crores to implement ERP Solution and TeleCRM, including TeleCRM deployment and Enterprise Resource Planning (ERP) integration, to enhance operational efficiency and customer relationship management.
- Mobile Application for financial product solution: The company plans to utilize INR 2.80 crores for a mobile app, enhancing customer access to financial products featuring real-time bank API integration, digital marketing, and CIBIL checks, driving organic growth and operational efficiency.
- To meet the Working Capital Requirement: To support business expansion, the company will allocate INR11.39 crores over FY 2023-24 and 2024-25 for working capital needs. Internal accruals will cover the remaining requirements, ensuring sustained operational funding.
- Enhancing visibility and awareness of the brands, including but not limited to “Akiko Global” or “Moneyfair”: The company invests in brand building through mediums like television and digital platforms, aiming to attract and retain consumers. Utilizing INR 2 crores from the net proceeds, it continues to focus on marketing initiatives for sustained growth.
- General Corporate Purpose: The Company will deploy the balance of funds towards general corporate purposes, including funding growth opportunities, meeting ordinary business expenses, addressing exigencies, and fulfilling any other necessary purposes.
Akiko Global Services IPO Risks And Challenges
Akiko Global Services Limited’s risks include dependence on top customers, potential disruption from lease agreement discontinuation, and challenges in effective strategy implementation amidst regulatory changes, which can impact business and operational outcomes.
- The top ten customers contribute significantly to their revenue, but market changes or competition may affect retention. They aim to retain them by offering tailored solutions efficiently and fostering engagement for growth opportunities.
- Operating from their registered office in New Delhi, their lease agreement extends to November 2026. Discontinuation may disrupt operations, and finding new premises could impact finances and profitability.
- The success of their business hinges on effective implementation of strategies, with no assurance of timely or budget-compliant execution. Regulatory changes could further complicate strategy implementation, potentially impacting business and operational results.
Akiko Global Services Limited IPO – Industry & Market Potential
India’s services sector, contributing 53% to GVA in FY22, drives economic growth. Contact-intensive services led to a 6.5% increase in GVA in Q3 2022-23. The IT and business services market is projected at US$19.93 billion by 2025.
The Indian credit card industry experiences rapid growth, driven by innovations, technology advancements, and increased adoption. With a CAGR of 20% in five years and growing issuance, it’s poised for significant expansion.
The Indian credit card market is poised for exponential growth, and RBI guidelines are fostering innovation. Players must adapt to innovative products and mobile applications to cater to untapped segments and enhance customer experience.
Akiko Global Services Ltd IPO – Type of Offer
Akiko Global Services Limited is coming up with an IPO consisting of a fresh issue of 30,01,600 shares worth INR 23.11crores. The company aims to implement ERP and TeleCRM solutions, develop a financial app, and boost brand visibility.
Akiko Global Services IPO Offer Size
The offer size of Akiko Global Services Limited is INR 23.11 crores, consisting of a fresh issue of 30,01,600 shares. The company seeks funds to implement ERP and TeleCRM solutions, develop a financial app, and boost brand visibility.
Akiko Global Services Ltd IPO Allotment Structure
Akiko Global Services Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 35% for Non-Institutional Investors (NII), and 15% for Retail Individual Investors (RII) according to SEBI regulations. 150,400 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 35% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 15% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 150,400 shares, are reserved for marker makers.
How to apply for an Akiko Global Services Limited IPO?
To apply for the Akiko Global Services Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Akiko Global Services Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Akiko Global Services Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Akiko Global Services Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Akiko Global Services Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Akiko Global Services Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Akiko Global Services Limited IPO:
● Registrar’s Website: Visit the website of Skyline Financial Services Limited, the registrar of the Akiko Global Services Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Akiko Global Services Limited Ltd IPO Offer Registrar
The registrar for the Akiko Global Services Limited IPO is Skyline Financial Services Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
SKYLINE FINANCIAL SERVICES PVT LTD
D-153A, 1st floor, Phase I,
Okhla Industrial Area,Delhi – 110020
Te lNo.: 011- 40450193-97
Email:[email protected]
Website: www.skylinerta.com
Akiko Global Services Limited Limited IPO – FAQs
The allotment date of the Akiko Global Services Limited IPO is July 1, 2024.
The price band of the issue is yet to be announced.
The offer size of Akiko Global Services Limited is INR 23.11 crores, consisting of a fresh issue of 30,01,600 shares. The company seeks funds to implement ERP and TeleCRM solutions, develop a financial app, and boost brand visibility.
The listing date of Akiko Global Services Limited’s IPO is July 2, 2024.
