The Money Fair IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 25 to Jun 27 2024
Price Band
₹73 - 77
Current GMP
₹98(27.27%)
Subscription
34.96 times
IPO Details
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹77 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,001,600 shares (aggregating up to ₹23.11 Cr) |
| Fresh Issue | 3,001,600 shares (aggregating up to ₹23.11 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,768,000 |
| Share holding post issue | 10,769,600 |
| Market Maker portion | 150,400 shares Nikunj Stock Brokers |
IPO Date
June 25, 2024 to June 27, 2024
Listing Date
Tuesday, July 2, 2024
Face Value
₹10 per share
Price Band
₹73 to ₹77 per share
Lot Size
1600 Shares
Total Issue Size
3,001,600 shares (aggregating up to ₹23.11 Cr)
Fresh Issue
3,001,600 shares (aggregating up to ₹23.11 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
7,768,000
Share holding post issue
10,769,600
Market Maker portion
150,400 shares Nikunj Stock Brokers
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 10.21 |
| Non-Institutional Buyers*** | 48.05 |
| Retail Investors | 45.57 |
| Total ** | 34.96 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
10.21
Non-Institutional Buyers***
48.05
Retail Investors
45.57
Total **
34.96
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jun 25, 2024 | 0.00 | 1.01 | 2.53 | 1.42 |
| Day 2 Jun 26, 2024 | 0.01 | 2.31 | 6.56 | 3.63 |
| Day 3 Jun 27, 2024 | 10.21 | 48.05 | 45.57 | 34.96 |
DayDay 1
Jun 25, 2024
QIB0.00
NII*1.01
Retail2.53
Total1.42
DayDay 2
Jun 26, 2024
QIB0.01
NII*2.31
Retail6.56
Total3.63
DayDay 3
Jun 27, 2024
QIB10.21
NII*48.05
Retail45.57
Total34.96
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 02-07-2024 | 77.00 | 5(6.49%) | 82 |
| 01-07-2024 | 77.00 | 5(6.49%) | 82 |
| 30-06-2024 | 77.00 | 15(19.48%) | 92 |
| 29-06-2024 | 77.00 | 15(19.48%) | 92 |
| 28-06-2024 | 77.00 | 15(19.48%) | 92 |
| 27-06-2024 | 77.00 | 15(19.48%) | 92 |
| 26-06-2024 | 77.00 | 18(23.38%) | 95 |
| 25-06-2024 | 77.00 | 18(23.38%) | 95 |
| 24-06-2024 | 77.00 | 18(23.38%) | 95 |
| 23-06-2024 | 77.00 | 18(23.38%) | 95 |
| 22-06-2024 | 77.00 | 18(23.38%) | 95 |
| 21-06-2024 | 77.00 | 18(23.38%) | 95 |
| 20-06-2024 | 77.00 | 18(23.38%) | 95 |
| 19-06-2024 | 77.00 | 18(23.38%) | 95 |
Date02-07-2024
Price77.00
GMP5(6.49%)
Estimate List Price82
Date01-07-2024
Price77.00
GMP5(6.49%)
Estimate List Price82
Date30-06-2024
Price77.00
GMP15(19.48%)
Estimate List Price92
Date29-06-2024
Price77.00
GMP15(19.48%)
Estimate List Price92
Date28-06-2024
Price77.00
GMP15(19.48%)
Estimate List Price92
Date27-06-2024
Price77.00
GMP15(19.48%)
Estimate List Price92
Date26-06-2024
Price77.00
GMP18(23.38%)
Estimate List Price95
Date25-06-2024
Price77.00
GMP18(23.38%)
Estimate List Price95
Date24-06-2024
Price77.00
GMP18(23.38%)
Estimate List Price95
Date23-06-2024
Price77.00
GMP18(23.38%)
Estimate List Price95
Date22-06-2024
Price77.00
GMP18(23.38%)
Estimate List Price95
Date21-06-2024
Price77.00
GMP18(23.38%)
Estimate List Price95
Date20-06-2024
Price77.00
GMP18(23.38%)
Estimate List Price95
Date19-06-2024
Price77.00
GMP18(23.38%)
Estimate List Price95
IPO Important Dates
| IPO Open Date | Tuesday, June 25, 2024 |
| IPO Close Date | Thursday, June 27, 2024 |
| Basis of Allotment | Monday, July 1, 2024 |
| Initiation of Refunds | Monday, July 1, 2024 |
| Credit of Shares to Demat | Monday, July 1, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
IPO Open Date
Tuesday, June 25, 2024
IPO Close Date
Thursday, June 27, 2024
Basis of Allotment
Monday, July 1, 2024
Initiation of Refunds
Monday, July 1, 2024
Credit of Shares to Demat
Monday, July 1, 2024
Listing Date
Tuesday, July 2, 2024
Cut-off time for UPI mandate confirmation
5 PM on June 27, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹123,200
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹123,200
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹246,400
Financial Information
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,794.91 | 1,130.87 | 405.67 |
| Revenue | 2,609.76 | 3,958.97 | 1,353.31 |
| Profit After Tax | 321.48 | 453.26 | 77.85 |
| Net Worth | 1,403.37 | 578.40 | 123.14 |
| Reserves and Surplus | 626.57 | 574.40 | 121.14 |
| Total Borrowing | 122.05 | 95.89 | 26.13 |
Period EndedPeriod Ended
31 Jan 202431 Jan 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Jan 20241,794.91
31 Mar 20231,130.87
31 Mar 2022405.67
Period EndedRevenue
31 Jan 20242,609.76
31 Mar 20233,958.97
31 Mar 20221,353.31
Period EndedProfit After Tax
31 Jan 2024321.48
31 Mar 2023453.26
31 Mar 202277.85
Period EndedNet Worth
31 Jan 20241,403.37
31 Mar 2023578.40
31 Mar 2022123.14
Period EndedReserves and Surplus
31 Jan 2024626.57
31 Mar 2023574.40
31 Mar 2022121.14
Period EndedTotal Borrowing
31 Jan 2024122.05
31 Mar 202395.89
31 Mar 202226.13
Key Performance Indicator
| ROE | 32.44% |
| ROCE | 29.23% |
| Debt/Equity | 0.09 |
| RoNW | 22.91% |
| P/BV | 3.75 |
| PAT Margin (%) | 12.41 |
| EPS (Rs) | 5.83 |
ROE
32.44%
ROCE
29.23%
Debt/Equity
0.09
RoNW
22.91%
P/BV
3.75
PAT Margin (%)
12.41
EPS (Rs)
5.83
IPO Reservation
| Anchor Investor Shares Offered | 854,400 (27.68%) |
| Market Maker Shares Offered | 150,400 (4.87%) |
| QIB Shares Offered | 654,400 (21.20%) |
| NII (HNI) Shares Offered | 428,800 (13.89%) |
| Retail Shares Offered | 998,400 (32.35%) |
| Total Shares Offered | 3,086,400 (100%) |
Anchor Investor Shares Offered
854,400 (27.68%)
Market Maker Shares Offered
150,400 (4.87%)
QIB Shares Offered
654,400 (21.20%)
NII (HNI) Shares Offered
428,800 (13.89%)
Retail Shares Offered
998,400 (32.35%)
Total Shares Offered
3,086,400 (100%)
Information about company
Incorporated in June 2018, Akiko Global Services Limited partners with major banks and non-banking financial companies (NBFCs) in India. The company has six years of experience and specializes in distributing and selling financial products, such as credit cards and loans.
The company specializes in helping banks and financial institutions in India sell credit cards and personal loans.
The Money Fair, powered by Akiko Global Services Limited, is a technology platform that uses algorithms to gather and analyze data to assess creditworthiness. It provides insights for easy comparison of offers and aims to increase the chances of securing a loan or a card for customers.
As of April 30, 2024, the company employs 418 permanent staff, including its directors and key managerial personnel.
Objectives of IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
Implementation of ERP Solution and TeleCRM
Mobile Application for financial product solution
To meet working capital requirements.
Enhancing visibility and awareness of the brands, including but not limited to "Akiko Global" or "Moneyfair
General Corporate Purpose; and
Issue Expenses
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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