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.
Thank you for reading this post, don't forget to subscribe!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: –
- 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
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