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  • By Goodwill
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  • June 25, 2024

IPO : Akiko Global Services Limited

Akiko Global Services Limited IPO

 SYMBOL AKIKO
 ISSUE TYPE Book Built Issue IPO
 ISSUE OPENS ON Tuesday, June 25, 2024
 ISSUE CLOSES ON Thursday, June 27, 2024
 ISSUE PRICE ₹73 to ₹77 per share
 ISSUE SIZE Up to Rs.23.11 Crores
 FACE VALUE Rs.10 per share

The Money Fair IPO is a book built issue of Rs 23.11 crores. The issue is entirely a fresh issue of 30.02 lakh shares.

The Money Fair IPO opens for subscription on June 25, 2024 and closes on June 27, 2024. The allotment for the The Money Fair IPO is expected to be finalized on Monday, July 1, 2024. The Money Fair IPO will list on NSE SME with tentative listing date fixed as Tuesday, July 2, 2024.

 MINIMUM BID 1600 shares
 MINIMUM AMOUNT  Rs.123,200
 MAXIMUM BID 1600 shares
 MAXIMUM AMOUNT  Rs.123,200
 PROMOTER HOLDING 66.91% (Post-issue)
 LISTING DATE Tuesday, July 2, 2024
 LISTING AT NSE-SME

The Money Fair IPO price band is set at ₹73 to ₹77 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹123,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹246,400.

Objects of the Issue (The Money Fair IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objectives: –

  1. Implementation of ERP Solution and TeleCRM
  2. Mobile Application for financial product solution
  3. To meet working capital requirements.
  4. Enhancing visibility and awareness of the brands, including but not limited to “Akiko Global” or “Moneyfair
  5. General Corporate Purpose; and
  6. Issue Expenses
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