Bookbuilding IPO | ₹42 Cr | Listed at BSE, NSE | Thu, Sep 28, 2006 - Thu, Oct 5, 2006
Accel Frontline IPO is a book build issue of ₹42.27 crores. The issue is a combination of fresh issue of 0.52 crore shares aggregating to ₹38.82 crores and offer for sale of 0.05 crore shares aggregating to ₹3.45 crores.
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 is set final issue price at ₹75 per share. The lot size for an application is 70. The minimum amount of investment required by an individual investor (retail) is ₹0.00 (70 shares) (based on upper price). 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 Open
Thu, Sep 28, 2006
IPO Close
Thu, Oct 5, 2006
Issue Price
₹75 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 28 Sep to 5 Oct, 2006 |
| Listed on | Mon, Oct 30, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹90 |
| Issue Price | ₹75 per share |
| Lot Size | 70 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 56,35,950 shares (agg. up to ₹42 Cr) |
| Fresh Issue | 51,75,667 shares (agg. up to ₹39 Cr) |
| Offer for Sale | 4,60,283 shares of ₹10 (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 1,73,33,333 shares |
| Share Holding Post Issue | 2,25,09,000 shares |
| BSE Script Code / NSE Symbol | 532774 / INSPIRISYS |
| ISIN | INE020G01017 |
Accel Frontline IPO comprises a total issue size of 56,35,950 shares. Out of which, 28,17,975 (50.00%) are allocated to QIB, 8,45,393 (15.00%) allocated to NII 19,72,582 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 28,17,975 | 50.00% | NA |
| NII (HNI) Shares Offered | 8,45,393 | 15.00% | NA |
| Retail Shares Offered | 19,72,582 | 35.00% | 28,179 |
| Total Shares Offered | 56,35,950 | 100.00% |
Investors can bid for a minimum of 70 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|---|
| Assets | 136.15 | 112.73 | 93.51 | 112.63 | 95.10 |
| Total Income | 170.43 | 136.82 | 140.82 | 151.53 | 155.31 |
| Profit After Tax | 9.71 | 4.22 | -3.00 | 2.74 | 4.67 |
| NET Worth | 60.74 | 53.08 | 29.80 | 32.78 | 30.77 |
| Reserves and Surplus | 43.40 | 35.74 | 16.80 | 19.78 | 17.77 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| Total | 59.00 |
| KPI | Mar 31, 2005 | Mar 31, 2006 |
|---|---|---|
| RoNW | 7.94% | 15.86% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 93.43% | 71.95% |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | 1.62 |
| 2 | Advertising and Marketing expenses | 2.50 |
| 3 | Printing and stationery | 1.64 |
| 4 | Others (Registrars fee, legal fee, listing fee, insurance, etc.) | 0.70 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹75.00 | ₹75.00 |
| Open | ₹77.90 | ₹77.00 |
| Low | ₹70.00 | ₹69.30 |
| High | ₹77.90 | ₹80.00 |
| Last Trade | ₹70.70 | ₹70.50 |
Lead Manager Reports
Accel Frontline IPO is a main-board IPO of 56,35,950 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 70.
The IPO opens on Thu, Sep 28, 2006, and closes on Thu, Oct 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 Thu, Sep 28, 2006 and closes on Thu, Oct 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 Mon, Oct 30, 2006.
