Schedule of Akiko Global Services
| Issue open date | 25 Jun 2024 |
| Issue close date | 27 Jun 2024 |
| UPI mandate deadline | 27 Jun 2024 (5 PM) |
| Allotment finalization | 01 Jul 2024 |
| Refund initiation | 01 Jul 2024 |
| Share credit | 01 Jul 2024 |
| Listing date | 02 Jul 2024 |
| Mandate end date | 12 Jul 2024 |
| Lock-in end date for anchor investors (50%) | 27 Jul 2024 |
| Lock-in end date for anchor investors (remaining) | 25 Sep 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Akiko Global Services
Akiko Global Services Limited’s IPO is launching on June 25, 2024, with subscriptions closing on June 27, 2024. Akiko Global Services Limited, originally incorporated as “Akiko Global Services Private Limited” on June 13, 2018, transitioned to a public limited company on April 12, 2023, following a special resolution. The company operates as a Channel Partner for major banks and NBFCs, specializing in distributing and selling credit cards and loans through tele-calling, corporate activities, feet-on-street, and digital marketing. With ISO certification and compliance-driven processes, Akiko Global Services uses a proprietary CRM system to protect customer data and manage leads.
Financials of Akiko Global Services
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹23.11 crores |
| Fresh Issue | ₹23.11 crores |
| Offer for sale | – |
*All figures except EPS are in ₹ Crores
Risks
- Domestic Competitors: The Indian financial sector is highly competitive, with many players vying for market share. Competitors offering similar products can impact the pricing and market penetration.
- Challenges in Predicting Future Prospects: Constant changes in business models and regulations make it difficult to predict prospects. To stay competitive, they provide data insights to partners, aiding innovation. However, stricter credit policies from partners and significant business model changes could impact growth and financial performance.
- Risks of Data Breaches: The platform processes sensitive data from consumers and shares certain information with Insurers and Lending Partners under our privacy policy. Despite robust measures, they cannot guarantee full compliance or sufficiency of their data protection systems. Fortunately, they have never faced a security breach.
Note:
- The above schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion.
- The allotment status will be available by July 01, 2024, on the Registrar’s website and the NSE website.