Akiko Global Services IPO: Issue subscribed 50% so far on Day 1; check GMP, other key details of SME IPO

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₹23.11 crores at the upper band through this IPO, with shares set to be listed on the NSE Emerge platform.The company partners with major banks and non-banking financial companies (NBFCs) in India and specializes in distributing and selling financial products, such as credit cards and loans.Also Read: How Hyundai India IPO may affect Maruti Suzuki, Tata Motors and M&M shares?Let us check Akiko Global Services IPO GMP, subscription status, and other key details.Akiko Global Services IPO has been subscribed 0.50 times so far on Tuesday, the first day of the bidding process. The public issue received bids for 10.44 lakh equity shares as against 20.81 lakh shares on the offer, as per the data available till 2:05 pm.The IPO has been subscribed 0.96 times in the retail category, and 0.20 times in the Non-Institutional Investors (NII) category so far.Akiko Global Services IPO GMP today, or grey market premium today, is ₹18 per share, according to stock market observers.

This indicates that Akiko Global Services shares were trading at ₹95 apiece in the grey market, a premium of 23.38% to the IPO price of ₹77 per share.Also Read: Allied Blenders and Distillers IPO open for subscription today: 10 key risks investors must consider before investingAkiko Global Services IPO opened for subscription on Tuesday, June 25, and will close on Thursday, June 27. The IPO allotment date is expected to be July 1, and IPO listing date is July 2.

The equity shares of Akiko Global Services will be listed on NSE Emerge Platform.Akiko Global Services IPO price band is set at ₹73 to ₹77 per share. At the upper-end of the price band, the company aims to raise ₹23.11 crore from the issue which is entirely a fresh issue of 30.02 lakh equity shares.Akiko