Akiko Global Services Limited (The Money Fair IPO): Important Details Discussed Here

The Money Fair IPO is open for subscription starting Tuesday, June 25, 2024, and closing on Thursday, June 27, 2024. The Money Fair IPO is a book-built issue of Rs 30.02 lakh equity shares. This upcoming IPO is entirely a fresh issue. The allotment for this new IPO is expected to be finalised on Monday, July 1, 2024. The Money Fair IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, July 2, 2024. The price band of this upcoming IPO is yet to be announced. Other important details, like lot size and minimum investment, have also yet to be announced. The book-running lead manager of The Money Fair IPO is Fast Track Finsec Private Limited. The registrar for this IPO is Skyline Financial Services Private Limited. The market maker for this IPO is Nikunj Stock Brokers.

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About Akiko Global Services Limited

Akiko Global Services Limited was incorporated in June 2018, engaged in selling financial companies. They partner with major banks and non-banking financial services companies in India to sell financial products. The company has six years of experience and specialises in distributing and selling financial products such as loans, credit cards, etc.The Money Fair is a tech platform powered by Akiko Global Services that uses algorithms to gather information and analyse the data to assess creditworthiness. It provides useful insights for the easy comparison of offers and aims to increase the chances of securing loans or credit cards for customers. As per the latest information available, the company has a team of 418 permanent staff, including its directors and managerial personnel. 

Objectives of The Money Fair IPO

The funds received from this IPO offer will be allocated for implementation of ERP solutions and TeleCRM, mobile application for financial product solutions, to meet the day-to-day capital needs, enhancing brand visibility and awareness, General corporate purposes and issue expenses.

Financials of Akiko Global Services Limited (Amt in Rs Lakhs)

The Money Fair posted revenue of Rs 2,609.76 lakhs and net profit of Rs 321.48 lakhs for the period ending on 31 Jan 2024. Earlier, in the period ending on 31 March 2023, the firm reported a revenue of Rs 3,958.97 lakhs and PAT of Rs 453.26 lakhs. 

Other Important Details of The Money Fair IPO

Time-Table of The Money Fair IPO

IPO Reservation of The Money Fair Limited

Promoters of Akiko Global Services Limited and Their Holdings

The promoters of The Money Fair company are Gurjeet Singh Walia, Richa Arora, Ankur Gaba, Puneet Mehta and Priyanka Dutta.

Lead Manager(s) of The Money Fair IPO

The lead manager for The Money Fair IPO is Fast Track Finsec Private Limited.

How do you apply for the The Money Fair IPO?

Wait for the public issue to open for subscription, then click here to apply for the The Money Fair Limited IPO with Bigul.

How do you check the allotment status of The Money Fair IPO?

Skyline Financial Services Private Limited is the registrar for The Money Fair IPO. To check your allotment status, please click here.

FAQs

1. What are the details of the The Money Fair IPO?

The Money Fair IPO is a book- built issue of Rs 30.02 lakh equity shares. This upcoming IPO is entirely a fresh issue. The price band and other important dates are not yet announced. The allotment for this new IPO is expected to be finalised on Monday, July 1, 2024.

2. Who are the lead managers for the The Money Fair  IPO?

Fast Track Finsec Limited is appointed as the lead manager for the IPO.

3. What is the role of Skyline Financial Services in this IPO?

Skyline Financial Services Private Limited is the registrar for The Money Fair Limited, handling the IPO's administrative aspects.

4. How can I apply for the The Money Fair IPO?

The public subscription of this new IPO will open on June 25, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The funds received from this IPO offer will be allocated for implementation of ERP solutions and TeleCRM, mobile application for financial product solutions, to meet the day-to-day capital needs, enhancing brand visibility and awareness, General corporate purposes and issue expenses.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the The Money Fair Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Akiko Global Services Limited?

The Money Fair posted revenue of Rs 2,609.76 lakhs and net profit of Rs 321.48 lakhs for the period ending on 31 Jan 2024. Earlier, in the period ending on 31 March 2023, the firm reported a revenue of Rs 3,958.97 lakhs and PAT of Rs 453.26 lakhs. 

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