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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 bidding started from June 25, 2024 and ended 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.
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.
Fast Track Finsec Pvt Ltd is the book running lead manager of the The Money Fair IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for The Money Fair IPO is Nikunj Stock Brokers.
Refer to The Money Fair IPO RHP for detailed information.
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹77 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,001,600 shares (aggregating up to ₹23.11 Cr) |
| Fresh Issue | 3,001,600 shares (aggregating up to ₹23.11 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,768,000 |
| Share holding post issue | 10,769,600 |
| Market Maker portion | 150,400 shares Nikunj Stock Brokers |
The Money Fair IPO offers 3,086,400 shares. 654,400 (21.20%) to QIB, 428,800 (13.89%) to NII, 998,400 (32.35%) to RII and 854,400 (27.68%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 854,400 (27.68%) |
| Market Maker Shares Offered | 150,400 (4.87%) |
| QIB Shares Offered | 654,400 (21.20%) |
| NII (HNI) Shares Offered | 428,800 (13.89%) |
| Retail Shares Offered | 998,400 (32.35%) |
| Total Shares Offered | 3,086,400 (100%) |
The Money Fair IPO raises Rs 6.58 crore from anchor investors. The Money Fair IPO Anchor bid date is June 24, 2024. The Money Fair IPO Anchor Investors list
| Bid Date | June 24, 2024 |
| Shares Offered | 854,400 |
| Anchor Portion Size (In Cr.) | 6.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 29, 2024 |
The Money Fair IPO opens on June 25, 2024, and closes on June 27, 2024.
| IPO Open Date | Tuesday, June 25, 2024 |
| IPO Close Date | Thursday, June 27, 2024 |
| Basis of Allotment | Monday, July 1, 2024 |
| Initiation of Refunds | Monday, July 1, 2024 |
| Credit of Shares to Demat | Monday, July 1, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Gurjeet Singh Walia, Ms. Richa Arora, Mr. Ankur Gaba, Mr. Puneet Mehta and Ms. Priyanka Dutta.
| Share Holding Pre Issue | 92.77% |
| Share Holding Post Issue | 66.91% |
Incorporated in June 2018, Akiko Global Services Limited partners with major banks and non-banking financial companies (NBFCs) in India. The company has six years of experience and specializes in distributing and selling financial products, such as credit cards and loans.
The company specializes in helping banks and financial institutions in India sell credit cards and personal loans.
The Money Fair, powered by Akiko Global Services Limited, is a technology platform that uses algorithms to gather and analyze data to assess creditworthiness. It provides insights for easy comparison of offers and aims to increase the chances of securing a loan or a card for customers.
As of April 30, 2024, the company employs 418 permanent staff, including its directors and key managerial personnel.
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,794.91 | 1,130.87 | 405.67 | 234.88 |
| Revenue | 2,609.76 | 3,958.97 | 1,353.31 | 610.78 |
| Profit After Tax | 321.48 | 453.26 | 77.85 | 22.98 |
| Net Worth | 1,403.37 | 578.40 | 123.14 | 45.29 |
| Reserves and Surplus | 626.57 | 574.40 | 121.14 | 43.29 |
| Total Borrowing | 122.05 | 95.89 | 26.13 | 49.62 |
| Amount in ₹ Lakhs | ||||
The market capitalization of The Money Fair IPO is Rs 82.93 Cr.
KPI as of January 31, 2024.
| KPI | Values |
|---|---|
| ROE | 32.44% |
| ROCE | 29.23% |
| Debt/Equity | 0.09 |
| RoNW | 22.91% |
| P/BV | 3.75 |
| PAT Margin (%) | 12.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.83 | 3.58 |
| P/E (x) | 13.2 | 21.5 |
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
[Dilip Davda] The company is a channel partner for NBFCs and Banks. It posted growth in its top and bottom lines for the reported periods, but the sudden boost in pre-IPO year raise eyebrows. Based on FY24 annualized super earnings, the issue appears aggressively priced. Well-informed investors may park moderate fund for long term. Read detail review...
The The Money Fair IPO is subscribed 34.96 times on June 27, 2024 6:19:56 PM. The public issue subscribed 45.57 times in the retail category, 10.21 times in the QIB category, and 48.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 10.21 |
| NII | 48.05 |
| Retail | 45.57 |
| Total | 34.96 |
Total Application : 28,436 (45.57 times)
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/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
SME Company Owners
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Check our SME IPO Guide 
The Money Fair IPO is a SME IPO of 3,001,600 equity shares of the face value of ₹10 aggregating up to ₹23.11 Crores. The issue is priced at ₹73 to ₹77 per share. The minimum order quantity is 1600 Shares.
The IPO opens on June 25, 2024, and closes on June 27, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in The Money Fair IPO using UPI as a payment gateway. Zerodha customers can apply in The Money Fair IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in The Money Fair IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The The Money Fair IPO opens on June 25, 2024 and closes on June 27, 2024.
The Money Fair IPO lot size is 1600 Shares, and the minimum amount required is ₹123,200.
You can apply in The Money Fair IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for The Money Fair IPO will be done on Monday, July 1, 2024, and the allotted shares will be credited to your demat account by Monday, July 1, 2024. Check the The Money Fair IPO allotment status.
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