The Money Fair IPO Details: Akiko Global Services Limited has set the IPO dates for Money Fair, scheduled to open on June 25 and close on June 27. The IPO aims to raise ₹23.11 crores through the NSE SME platform. Akiko Global Services Limited, a trusted channel partner for major banks and NBFCs in India, brings six years of specialized experience in distributing financial products like credit cards and loans.
The company relies on a robust Customer Relationship Management (CRM) system integral to its daily operations. This CRM, developed in-house, ensures all leads are meticulously managed and monitored, prioritizing the security of customer data against potential threats.
As Akiko Global Services continues to expand, they remain dedicated to refining their core operations to elevate customer satisfaction and optimize business processes. Leveraging the expertise of their team members, the effectiveness of digital and telemarketing strategies, and their extensive on-ground presence, they are committed to delivering a seamless experience for their valued customers.
The Money Fair IPO Objectives:
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
The Money Fair IPO Review (Apply or Not)
- Update Soon
The Money Fair 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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
The Money Fair IPO Lot Size:
The Money Fair IPO requires a minimum market lot of 1600 shares, equivalent to an application amount of ₹123,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹123,200 |
| Retail Maximum | 1 | 1600 | ₹123,200 |
| S-HNI Minimum | 2 | 3200 | ₹246,400 |
The Money Fair IPO Timeline:
The Money Fair IPO is scheduled to open on June 2 and will close on June 6. The IPO allotment date is set for June 10, with a tentative listing date around June 15.
| 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 last Grey Market Premium (GMP) for The Money Fair SME IPO stands at ₹18. With a price band of ₹77.00, the estimated listing price for The Money Fair SME IPO is projected to be ₹95 (price band cap + current GMP). This suggests an expected percentage gain per share of 23.38%.
The Money Fair Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹6.11 | ₹5.68 | ₹0.23 |
| 2022 | ₹13.53 | ₹12.35 | ₹0.78 |
| 2023 | ₹39.59 | ₹33.27 | ₹4.53 |
| January 2024 | ₹26.10 | ₹21.50 | ₹3.21 |
The Money Fair IPO Valuation – FY2023
Check The Money Fair IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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: https://www.skylinerta.com/ipo.php
The Money Fair IPO Allotment Status
Check The Money Fair IPO allotment status on Skylinerta website URL. Click Here
The Money Fair IPO Lead Managers aka 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: http://www.themoneyfair.com/
The Money Fair IPO (Akiko Global Services) FAQs
1. What is The Money Fair IPO? The Money Fair IPO is an initial public offering of shares issued by Money Fair, a company aiming to raise capital through the stock market for its expansion and business operations.
2. When will The Money Fair IPO open and close? The Money Fair IPO is scheduled to open on June 25 and will close on June 27, allowing investors a window to subscribe to its shares.
3. What is the price band for The Money Fair IPO? The price band for The Money Fair IPO is set at ₹77 to ₹77 per share.
4. 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.
5. How can I apply for The Money Fair IPO? Investors can apply for The Money Fair IPO through their respective stockbrokers using the online IPO application system provided by the stock exchanges.
6. 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 shares will be allocated to successful applicants.
7. 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, subject to regulatory approvals and market conditions.
8. What are the business activities of Money Fair? Money Fair is involved in [briefly describe the business activities here, e.g., financial services, distribution of financial products, etc.].
9. 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 website of the Registrar to the Issue (RTA) or through their demat account provider.
10. Where can I find more information about The Money Fair IPO? For more detailed information about The Money Fair IPO, including financial statements, prospectus, and updates, investors can visit the official website of the company or consult with their financial advisors.
