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The Money Fair IPO
Price Band
₹73.0–77.0
Issue Size
₹23.11 Cr
Lot Size
1,600 shares
Min Investment
₹123,200
GMP
+₹5.0 (6.49%)
Issue Price
₹77.0
Subject to Sauda
₹6100
Paid only if allotted
The Money Fair IPO AI Summary
- The Money Fair IPO is listed on NSE SME in the Other Financial Services sector.
- Price band: ₹73.0–₹77.0 per share, lot size 1,600 shares (min. investment ₹123,200).
- Subscription window: 25 Jun–27 Jun 2024, listing on 02 Jul 2024.
- Current GMP is +₹5.0 (6.49%), an estimated listing price of ₹82 — unofficial and can change daily.
The Money Fair is an SME IPO focused on distributing financial products in partnership with banks and NBFCs. The company has shown significant revenue growth over the past few years, although the most recent figures are not directly comparable to prior full fiscal years due to being a 9-month figure. The IPO aims to raise funds for various operational enhancements and working capital needs.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
The Money Fair IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
The Money Fair IPO Grey Market Premium (GMP) Today
GMP
+₹5.0
GMP %
+6.49%
Est. Listing
₹82.0
Updated: 25 Jul 2026 14:05
About the Company
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.
Company Financials (₹ Cr)
As of 2024-01-31
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 17.95 | 11.31 | 4.06 | 2.35 |
| Total Income | 26.10 | 39.59 | 13.53 | 6.11 |
| Profit After Tax | 3.21 | 4.53 | 0.78 | 0.23 |
| NET Worth | 14.03 | 5.78 | 1.23 | 0.45 |
| Reserves and Surplus | 6.27 | 5.74 | 1.21 | 0.43 |
| Total Borrowing | 1.22 | 0.96 | 0.26 | 0.50 |
Key Ratios
EPS
₹5.83
NAV
₹20.52
ROE
32.44%
ROCE
29.23%
RoNW
22.91%
P/B Value
3.75
P/E Ratio
13.2
Market Cap
₹82.93 Cr
PAT Margin
12.41%
Debt/Equity
0.09
Promoters
Gurjeet Singh Walia, Richa Arora, Ankur Gaba, Puneet Mehta and Priyanka Dutta
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Implementation of ERP Solution and TeleCRM 1.70 2 Mobile Application for financial product solution 2.80 3 To meet working capital requirements 11.39 4 Enhancing visibility and awareness of our brands, including but not limited to “Akiko Global” or “Moneyfair” 2.00 5 General Corporate Purpose 3.37 6 Issue Expenses 1.86
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹6.11 Cr in the year ending 31 Mar 2021, rising to ₹13.53 Cr by 31 Mar 2022, then increasing to ₹39.59 Cr in the year ending 31 Mar 2023, before declining to ₹26.10 Cr as of 31 Jan 2024. This last figure, however, is a 9-month figure and not directly comparable to the full fiscal years.
Profit Trend
Profit After Tax was ₹0.23 Cr in the year ending 31 Mar 2021, increasing to ₹0.78 Cr by 31 Mar 2022, and reaching ₹4.53 Cr in the year ending 31 Mar 2023. It then decreased to ₹3.21 Cr as of 31 Jan 2024, which is also a 9-month figure and not directly comparable to the full fiscal years.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of the IPO compared to its issue price. A positive GMP suggests that the market anticipates the stock will list at a higher price than the issue price, while a negative GMP indicates the opposite. GMP can fluctuate based on market sentiment and demand for the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. Factors to consider include the company's financial health, market position, and growth potential.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can be subject to significant price fluctuations and market speculation.
IPO Timeline, Explained
The IPO process involves several key dates: the opening date is when investors can start applying for shares, the closing date is the last day to apply, the allotment date is when shares are allocated to investors, and the listing date is when the shares begin trading on the stock exchange.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock. Investors should be prepared for the possibility of price fluctuations on the listing day.
This evaluation is generated from The Money Fair's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is The Money Fair IPO GMP today?
The Money Fair IPO GMP today is +₹5.0 (6.49%), indicating an estimated listing price of ₹82. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of The Money Fair IPO?
The price band of The Money Fair IPO is ₹73.0–₹77.0 per share.
When does The Money Fair IPO open and close?
The Money Fair IPO opens on 25 June 2024 and closes on 27 June 2024.
When does The Money Fair IPO list on the stock exchange?
The Money Fair IPO listed on 02 July 2024 at ₹82.0.
What is the lot size for The Money Fair IPO?
The lot size for The Money Fair IPO is 1600 shares, requiring a minimum investment of ₹123,200.
What is the price band for The Money Fair IPO?
The price band for The Money Fair IPO is ₹73.0 to ₹77.0.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹123,200.
What is the lot size for The Money Fair IPO?
The lot size for The Money Fair IPO is 1600 shares.
When is the listing date for The Money Fair?
The listing date for The Money Fair is July 2, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Jun 2024
Close
27 Jun 2024
Allotment
01 Jul 2024
Listing
02 Jul 2024
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