The Money Fair IPO is scheduled to open on June 25 and close on June 27. This NSE SME IPO aims to raise ₹23.11 crores, with a price band set at ₹73 to ₹77 per share and a market lot of 1600 shares.
Company Overview
Akiko Global Services Limited is a channel partner for major banks and Non-Banking Financial Companies (NBFCs) in India. With six years of expertise, they specialize in distributing and selling financial products such as credit cards and loans. The company utilizes a Customer Relationship Management (CRM) system for daily operations, ensuring all leads are managed and monitored within their proprietary CRM, which includes features to safeguard customer information from threats.
Growth and Commitment: As Akiko Global Services continues to expand, they are dedicated to constantly evaluating and enhancing their key activities to improve customer satisfaction and optimize business processes. They leverage their team’s expertise, digital marketing power, telemarketing effectiveness, and a strong network of field agents to provide an exceptional and seamless customer experience.
Objectives of the Issue
- Implementation of ERP Solution and TeleCRM
- Development of a mobile application for financial product solutions
- Meeting working capital requirements
- Enhancing brand visibility and awareness, including “Akiko Global” and “Moneyfair”
- General corporate purposes
- Covering issue expenses
IPO Review:
Recommendation: May Apply
The Money Fair (Akiko Global Services) IPO Date & Price Band Details
| IPO Open: | June 25, 2024 |
| IPO Close: | June 27, 2024 |
| IPO Size: | Approx ₹23.11 Crores, 3,001,600 Equity Shares |
| Fresh Issue: | Approx ₹23.11 Crores, 3,001,600 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹73 to ₹77 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
The Money Fair IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The table below shows the minimum and maximum investment amounts for retail investors and High Net Worth Individuals (HNIs) in terms of shares and total investment.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹ 1,23,200 |
| Retail Maximum | 1 | 1600 | ₹ 1,23,200 |
| S-HNI Minimum | 2 | 3200 | ₹ 2,46,400 |
The Money Fair (Akiko Global Services) IPO Dates
| IPO Open Date: | June 25, 2024 |
| IPO Close Date: | June 27, 2024 |
| Basis of Allotment: | July 1, 2024 |
| Refunds: | July 1, 2024 |
| Credit to Demat Account: | July 1, 2024 |
| IPO Listing Date: | July 2, 2024 |
The Money Fair IPO GMP Today:
The latest Grey Market Premium (GMP) for The Money Fair SME IPO is ₹18. Given the price band of ₹77.00, the estimated listing price is projected to be ₹95 (price band cap + current GMP). This indicates an expected percentage gain per share of approximately 23.38%.
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Akiko Global Services Limited (Money Fair) Financial
| Amount in ₹ Lakhs | ||||
| Period Ended | 31-Jan-24 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 1,794.91 | 1,130.87 | 405.67 | 234.88 |
| Revenue | 2,609.76 | 3,958.97 | 1,353.31 | 610.78 |
| Profit After Tax | 321.48 | 453.26 | 77.85 | 22.98 |
| Net Worth | 1,403.37 | 578.4 | 123.14 | 45.29 |
| Reserves and Surplus | 626.57 | 574.4 | 121.14 | 43.29 |
| Total Borrowing | 122.05 | 95.89 | 26.13 | 49.62 |
The Money Fair Valuation – FY2023
Review The Money Fair valuation details including Earning Per Share (EPS), Price/Earning (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| Earning Per Share (EPS): | ₹12.62 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 78.36% |
| Net Asset Value (NAV): | ₹16.10 per Equity Share |
Peer Group
NA
Company Promoters
Mr. Gurjeet Singh Walia
Ms. Richa Arora
Mr. Ankur Gaba
Mr. Puneet Mehta
Ms. Priyanka Dutta
The Money Fair IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: Skyline RTA IPO
The Money Fair Allotment Status
Check The Money Fair IPO allotment status on the Skyline RTA website.
The Money Fair IPO Lead Managers (Merchant Bankers)
- Fast Track Finsec Pvt Ltd
Company Address
Akiko Global Services Limited
11th Floor, Off. No. 8/4-D, Vishwadeep Building
District Centre Janak Puri
West Delhi, New Delhi-110058
Phone: 011-4010 4241
Email: accounting@akiko.co.in
Website: The Money Fair
The Money Fair IPO (Akiko Global Services) FAQs
What is The Money Fair IPO?
The Money Fair IPO is an initial public offering of shares by Money Fair, aiming to raise capital for its expansion and business operations.
When will The Money Fair IPO open and close?
The Money Fair IPO is scheduled to open on June 25 and close on June 27.
What is the price band for The Money Fair IPO?
The price band for The Money Fair IPO is set at ₹73 to ₹77 per share.
What is the minimum market lot for The Money Fair IPO?
The minimum market lot for The Money Fair IPO is 1600 shares, requiring an application amount of ₹123,200 at the upper price band.
How can I apply for The Money Fair IPO?
Investors can apply for The Money Fair IPO through their stockbrokers using the online IPO application system provided by the stock exchanges.
What is the tentative date for The Money Fair IPO allotment?
The tentative date for The Money Fair IPO allotment is June 10, 2024.
When is The Money Fair IPO expected to be listed on the stock exchange?
The Money Fair IPO is anticipated to be listed on the stock exchange around June 15, 2024.
What are the business activities of Money Fair?
Money Fair is involved in financial services, primarily focusing on the distribution of financial products such as credit cards and loans.
How can I check the status of my application for The Money Fair IPO?
Investors can check the status of their IPO application on the Skyline RTA website or through their demat account provider.
Where can I find more information about The Money Fair IPO?
For more detailed information about The Money Fair IPO, including financial statements and the prospectus, visit the official website of the company or consult with financial advisors.