The Money Fair, powered by Akiko Global Services Limited (formerly known as Akiko global services private limited)  is an algorithm-based technology that platform that gathers and analyses data of individuals from various sources and draws insights to judge their credit worthiness, their past and current performance that helps in ease of comparison of multiple offers available and unbiased advice. 

Akiko Global IPO, a Book Built issue amounting to ₹23.11 crores, consisting entirely of a Fresh Issue of 30.01 lakh shares. The subscription period for the Akiko Global IPO opens on June 25, 2024, and closes on June 27, 2024. The allotment is expected to be finalized on or about Monday, July 01, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, July 02, 2024.

The price band of Akiko Global IPO is set at ₹73 to ₹77 equity per share, with a minimum lot size of 1600 shares. Retail investors are required to invest a minimum of ₹123,200, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3200 shares), amounting to ₹246,400.

FAST TRACK FINSEC PRIVATE LIMITED is the book-running lead manager, SKYLINE FINANCIAL SERVICES PVT LTD is the registrar. NIKUNJ STOCK BROKERS PRIVATE LIMITED is the sole market maker for Akiko Global IPO.

Akiko Global Services IPO GMP Today
The Grey Market Premium is expected in the range of ₹10 - ₹ 15 based on the financial performance and live subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Akiko Global Services IPO Live Subscription Status
As of 06:24 PM on 27 June 2024, the Akiko Global IPO live subscription status shows that the IPO subscribed  times 33.97 times on the day 3. Check the Akiko Global IPO Live Subscription Status Today at NSE.

Akiko Global Services IPO Allotment Status
Akiko Global allotment date is 01 July 2024, Wednesday. Akiko Global IPO Allotment will be out on 1st July 2024 and will be live on Registrar Website. Check Akiko Global Services IPO Allotment Status here. Here's how you can check the allotment status
- Navigate to the IPO allotment status page.
- Select Akiko Global Services from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Akiko Global Services Limited

Akiko Global Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. Implementation of ERP Solution and TeleCRM
2. Mobile Application for financial product solution
3. To meet working capital requirements
4. Enhancing visibility and awareness of their brands, including but not limited to “Akiko Global” or “Moneyfair”
5. General Corporate Purpose
6. Issue Expenses

Refer to Akiko Global Sevices Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.

The Upcoming IPOs this week and coming weeks are Allied Blenders and Distillers Limited, Akiko Global Services Limited, Divine Power Energy Limited, Petro Carbon & Chemicals Limited

The current active IPO is Mason Infratech Limited, Sylvan Plyboard (India) Limited, SHIVALIC POWER CONTROL LIMITED,Medicamen Organics Limited, Stanley Lifestyles Limited, EnNutrica (Dindugal Farm Product) IPO, Winny Immigration and Education Services Limited

The Recently Listed IPOs which is available for trading in stock Market are GP Eco Solutions India Limited ,United CotFab Limited, LE TRAVENUES TECHNOLOGY LIMITED (ixigo), Awfis Space Solutions IPO, Go Digit IPO, Vilas Transcore IPO, GSM Foils IPO, Rulka Electricals IPO, HOAC FOODS INDIA IPO, Aadhar Housing Finance IPO.

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About AKIKO GLOBAL SERVICES Limited

The Money Fair, powered by Akiko Global Services Limited (formerly known as Akiko global services private limited) is an algorithm-based technology that platform that gathers and analyses data of individuals from various sources and draws insights to judge their credit worthiness, their past and current performance that helps in ease of comparison of multiple offers available and unbiased advice. This differentiated approach helps to find prospects that are low on risk and high on promise thus opening up various opportunities and possibilities. The Money Fair is scaling – up strategy and service delivery efficiency with new-age tech-enabled agility, it takes the relevant applications to multiple lenders, increasing the chances to secure a loan or a card and creates choice for customers to pick the ones they wish to back. Their expertise is enhanced by using the Customer Relationship Management (CRM) in their day-to-day operations. All leads are injected & monitored through the customized CRM that is exclusively developed for AKIKO. They also have the capability to integrate with the external CRM or API's which makes them different from others.

The Company has commenced its operations in 2018 and is currently working as a Channel Partner (DSA) for major Banks / NBFCs. Their business model involves tele-calling, corporate activities, as well as a feeton-street and digital marketing model to acquire customers digitally. Their proficiency lies in the field of credit cards and loans, empowering them 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, their team is dedicated to delivering informed and tailored recommendations.

INDUSTRY OVERVIEW OF DIRECT SELLING

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 whilemaking such sales. The Direct Selling concept is considered to have been kick-started in India in the late 1990s. The industry witnessedmajor growth withmany global players entering the Indianmarket.The investors have seen how this platform created a positive impact on several other social and economic parameters.

The Indian Direct Selling industry stood at around INR 19,000 Crores in 2021-22. The industry has grown approximately 5.3% from INR 18,000 Crores in 2020-21. It has shown a Compounded Annual Growth Rate (CAGR) of approximately 13%, growing from INR 11,650 Crores in 2017-18 to INR 19,000 Crores in 2021-22. The share of IDSA members in the total sales of the Direct Selling industry stood at 55% in 2021-22. Wellness & Nutraceuticals products contributed ~59% of the Indian Direct Selling sales, followed by Cosmetics and Personal care which contributed ~22% of the sales by the Indian Direct Selling Industry 2021-22.

The number of Active Direct Sellers in the country stood at around 84 lakhs registering a growth of ~6% from 79 lakhs in 2020-21.The industry comprised of 56% Male and 44% Female Active Direct Sellers. North region contributed to around 30% of the Direct Selling sales in the country in 2021-22. This was followed by the East with approximately 25% of the Direct Selling sales. Maharashtra had the highest share of sales across the country with 12% of the gross sales in 2021-22, closely followed by West Bengal contributing ~10% of the Direct Selling salesin the country. As per the Survey conducted among Active Direct Sellers and Preferential Customers, the most preferred category was Wellness & Nutraceuticals [35%], followed by Clothing and Cosmetics & Personal care (22% and 11% respectively).

CREDIT CARD INDUSTRY IN INDIA

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 onboarding 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.

The credit card industry in India has witnessed a compound annual growth rate (CAGR) of 20%1 in the last five years. The number of credit cards crossed 78 million in July 2022. Moreover, in May 2022, the overall credit card spend reached its highest-ever number of INR 1.13 lakh crore.

With the emergence of e-commerce, adoption of contact-less payments and changes in the value proposition, the post-pandemic credit card space has undergone a considerable change and is evolving constantly. Credit card issuance increased by 15% during FY 2022. However, 80% of the credit card base is concentrated with the top-six issuers in the country. In the last three years, three banks have entered the credit card space as issuers. Further, owing to the ongoing and upcoming developments in the space, the credit card industry is expected to grow at almost thrice the speed in the next four years.

AKIKO GLOBAL SERVICES LIMITED STRENGTHS

1. Experienced and Qualified Management and Employee base.
2. Strong and Consistent Financial Performance.
3. Growing customer base.
4. Scalable and reliable business model.
5. Experienced Promoters and Senior Management with extensive domain knowledge.

AKIKO GLOBAL SERVICES LIMITED STRATEGIES

1. Enhancing Customer Acquisition
2. Strengthening Customer Retention
3. Increasing Collaboration with Banks
4. Embracing Technology

AKIKO GLOBAL SERVICES LIMITED RISK FACTORS & CONCERNS

1. Their top ten customers contribute approximately 93.26% of the revenues.
2. Their strategy to expand internationally involve risks that could increase their expenses.
3. There is an delay in paying wages.
4. They may not be successful in implementing our business strategies.