Comparison between Ace Alpha Tech IPO and Icon Facilitators IPO.
Ace Alpha Tech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Icon Facilitators IPO is a SME Bookbuilding proposed to list at BSE SME.
| Ace Alpha Tech IPO | Icon Facilitators IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Khambatta Securities Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | SS Corporate Securities Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Ace Alpha Tech IPO is up to ₹30.40 Cr whereas the issue size of the Icon Facilitators IPO is up to ₹18.15 Cr. The final issue price of Ace Alpha Tech IPO is ₹69.00 per share and of Icon Facilitators IPO is ₹91.00 per share.
| Ace Alpha Tech IPO | Icon Facilitators IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹65.00 per share | ₹85.00 per share |
| Issue Price (Upper) | ₹69.00 per share | ₹91.00 per share |
| Issue Price (Final) | ₹69.00 per share | ₹91.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1200 shares |
| Fresh Issue Size | 32,84,000 shares | 19,94,400 shares |
| Fresh Issue Size (Amount) | up to ₹22.66 Cr | up to ₹18.15 Cr |
| OFS Issue Size | 11,22,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹7.74 Cr | up to ₹0.00 Cr |
| Issue Size Total | 44,06,000 shares | 19,94,400 shares |
| Issue Size Total (Amount) | up to ₹30.40 Cr | up to ₹18.15 Cr |
Ace Alpha Tech IPO opens on Jun 26, 2025, while Icon Facilitators IPO opens on Jun 24, 2025. The closing date of Ace Alpha Tech IPO and Icon Facilitators IPO is Jun 30, 2025, and Jun 26, 2025, respectively.
| Ace Alpha Tech IPO | Icon Facilitators IPO | |
|---|---|---|
| Anchor Bid Date | Jun 25, 2025 | |
| Issue Open | Jun 26, 2025 | Jun 24, 2025 |
| Issue Close | Jun 30, 2025 | Jun 26, 2025 |
| Basis Of Allotment (Tentative) | Jul 01, 2025 | Jun 27, 2025 |
| Initiation of Refunds (Tentative) | Jul 02, 2025 | Jun 30, 2025 |
| Credit of Share (Tentative) | Jul 02, 2025 | Jun 30, 2025 |
| Listing date (Tentative) | Jul 03, 2025 | Jul 01, 2025 |
| Anchor Lockin End date 1 | Jul 31, 2025 | |
| Anchor Lockin End date 2 | Sep 29, 2025 |
Ace Alpha Tech IPO P/E ratio is 9.07, as compared to Icon Facilitators IPO P/E ratio of 11.72.
| Ace Alpha Tech IPO | Icon Facilitators IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Ace Alpha Tech Limited Financial Information (Restated)
| Icon Facilitators Limited Financial Information (Restated)Icon Facilitators Limited's revenue increased by 16% and profit after tax (PAT) rose by 154% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 55.80 | 95.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 43.90 | 70.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.07 | 11.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹121.15 Cr. | ₹71.52 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 0.82 | 35.23% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 109.31% | 37.09% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.60 | ₹7.76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 47.91% | 35.23% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ace Alpha Tech IPO Retail Individual Investors (RII) are offered 15,44,000 shares while in Icon Facilitators IPO retail investors are offered 15,44,000 shares. Qualified Institutional Buyers (QIB) are offered 8,80,000 shares in Ace Alpha Tech IPO and in Icon Facilitators IPO.
| Ace Alpha Tech IPO | Icon Facilitators IPO | |
|---|---|---|
| Anchor Investor Reserveration | 13,20,000 shares | |
| Market Maker Reserveration | 2,64,000 shares | 1,05,600 shares |
| QIB | 8,80,000 shares | |
| NII | 6,62,000 shares | 9,46,800 shares |
| RII | 15,44,000 shares | 9,46,800 shares |
| Employee | ||
| Others | ||
| Total | 44,06,000 shares | 19,94,400 shares |
Ace Alpha Tech IPO subscribed 101.75x in total, whereas Icon Facilitators IPO subscribed 2.49x.
| Ace Alpha Tech IPO | Icon Facilitators IPO | |
|---|---|---|
| QIB (times) | 67.06x | 2.18x |
| NII (times) | 170.79x | 0.92x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 91.92x | 4.10x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 101.75x | 2.49x |
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