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Accel Frontline IPO is a book build issue .
Accel Frontline IPO bidding started from Sep 28, 2006 and ended on Oct 5, 2006. The shares got listed on BSE, NSE on Oct 30, 2006.
Accel Frontline IPO price band is set at ₹75.00 per share . The lot size for an application is 70. The minimum amount of investment required by an retail is ₹5,250 (70 shares). The lot size investment for sNII is 39 lots (2,730 shares), amounting to ₹2,04,750, and for bNII, it is 191 lots (13,370 shares), amounting to ₹10,02,750.
SBI Capital Markets Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Accel Frontline IPO RHP for detailed Information.
| IPO Date | September 28, 2006 to October 5, 2006 |
| Listing Date | October 30, 2006 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹75 to ₹90 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 70 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,73,33,333 shares |
| Share Holding Post Issue | 2,25,09,000 shares |
Accel Frontline IPO opens on September 28, 2006, and closes on October 5, 2006.
| IPO Open Date | Thu, Sep 28, 2006 |
| IPO Close Date | Thu, Oct 5, 2006 |
| Tentative Listing Date | Mon, Oct 30, 2006 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 5, 2006 |
Investors can bid for a minimum of 70 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹5,250 |
| Retail (Max) | 38 | 2,660 | ₹1,99,500 |
| S-HNI (Min) | 39 | 2,730 | ₹2,04,750 |
| S-HNI (Max) | 190 | 13,300 | ₹9,97,500 |
| B-HNI (Min) | 191 | 13,370 | ₹10,02,750 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Accel Frontline Limited, formerly known as Accel ICIM Frontline Limited, is an end-to-end information technology (IT) services provider. It operates in four business units. The IT Infrastructure Solution unit helps customers to assess, build, deploy and optimize IT infrastructure for mission critical applications. This unit offers technology products and solutions, data/storage consolidation management, enterprise network deployment, disaster recovery/business continuity platform, and IT security consulting and implementation.
The IT Infrastructure Management Services unit is engaged in system integration, facilities management, software services and outsourcing. The Enterprise Software Solutions unit specializes in providing enterprise resource planning consulting, application management, custom application development and Web services. The Business Process Outsourcing Services unit provides warranty outsourcing and technical helpdesk services to 10 IT and telecom product companies.
| KPI | Values |
|---|---|
| RoNW | 15.86% |
The Company Accel Frontline IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To fund the global business expansion plans including development of the overseas marketing and sales infrastructure and to acquire or invest in strategic businesses | 30.00 |
| 2 | To increase the ESS and BPO capacities, by expanding existing facilities | 9.00 |
| 3 | Working capital requirements and general corporate purposes | 20.00 |
| 4 | Issue expenses | 6.35 |
| Listing Date | October 30, 2006 |
| BSE Script Code | 532774 |
| NSE Symbol | INSPIRISYS |
| ISIN | INE020G01017 |
| Final Issue Price | ₹75 per share |
Accel Frontline Ltd.
III Floor, New No. 75 (Old No. 124),
Nelson Manickam Road,
Aminjikarai, Chennai 600 029, Tamil Nadu, India.
Chennai, Tamil Nadu
Phone: +91 44 4225 2000
Email: neel@accelfrontline.in
Website: http://www.accelfrontline.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email:
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Accel Frontline IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹75 per share. The minimum order quantity is 70.
The IPO opens on September 28, 2006, and closes on October 5, 2006.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Accel Frontline IPO using UPI as a payment gateway. Zerodha customers can apply in Accel Frontline IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Accel Frontline IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Accel Frontline IPO opens on September 28, 2006 and closes on October 5, 2006.
Accel Frontline IPO lot size is 70, and the minimum amount required for application is ₹5,250.
You can apply in Accel Frontline IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Accel Frontline IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Accel Frontline IPO allotment status.
The Accel Frontline IPO listing date is on Monday, October 30, 2006.
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