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Akiko Global IPO
Akiko Global Services Ltd
₹1,16,800 /1600 sharesMinimum Investment
Akiko Global IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 25 Jun ‘24 - 27 Jun ‘24 | ₹1,16,800 | 1,600 | ₹73 - ₹77 |
| Issue Size | IPO Doc |
|---|---|
| 23.11Cr | RHP PDF |
About Akiko Global
Founded in
2018
Managing director
Ms. Priyanka Dutta
Parent organisation
Akiko Global Services Ltd
Strengths & Financials of Akiko Global
Strengths
Risks
To acquire new customers, Akiko Global Services employs a multichannel approach. This includes the use of its telemarketing team, investing in digital marketing to leverage emerging trends, investing in search engine optimisation (SEO), pay-per-click (PPC) advertising, social media marketing, WhatsApp and email campaigns, and its feet-on-the-street team.
As technology becomes the differentiator for the financial services industry, the company says it invests in advanced analytics and AI-driven algorithms to optimise its marketing efforts, personalise its offerings, and predict customer behaviour.
The company’s total income and profit after tax (PAT) have risen over the years. Total income has increased from Rs 6.11 crore in FY21, to Rs 13.52 crore in FY22 to Rs 39.58 crore in FY23, while PAT has risen from Rs 0.23 crore in FY21, Rs 0.78 crore in FY22, and Rs 4.53 crore in FY23.
The company’s top 10 customers contributed about 93.26% of its revenues for the financial year ended March 31, 2023. Any loss of business from one or more of them could adversely affect the company’s business.
The company’s customer base and revenue are concentrated in the state of Maharashtra. The revenue earned in the state as of January 2024, and in financial years ending March 2023, March 2022, and March 2021 stood at Rs 20.30 crore (78.38%), Rs 22.43 crore (56.67%), Rs 10.15 crore (75.09%) and Rs 5.89 crore (96.40%), respectively. Any disruption in the business environment in Maharashtra could adversely affect the company’s prospects.
The company operates in the dynamic and competitive online fintech industry sector, where innovations are galore. This makes it difficult to predict with certainty the company’s future prospects.
The company has had negative cash flow in some of the previous years. Such negative cash flow in the future could hurt the company’s business.
Akiko Global Financials
*All values are in Rs. Cr
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Application Details of Akiko Global IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹73 - 77 | ₹2 - 5 Lakh |
| High Networth Individual | ₹73 - 77 | ₹2 - 5 Lakh |
For Akiko Global IPO, eligible investors can apply as Regular.