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AccelerateBS IPO is a fixed price issue of ₹5.69 crores. The issue is a combination of fresh issue of 0.02 crore shares aggregating to ₹1.70 crores and offer for sale of 0.04 crore shares aggregating to ₹3.99 crores.
AccelerateBS IPO bidding started from Jul 6, 2023 and ended on Jul 11, 2023. The allotment for AccelerateBS IPO was finalized on Jul 14, 2023. The shares got listed on BSE SME on Jul 19, 2023.
AccelerateBS IPO price is ₹90.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to AccelerateBS IPO RHP for detailed Information.
| IPO Date | July 6, 2023 to July 11, 2023 |
| Listing Date | July 19, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 6,32,000 shares (aggregating up to ₹5.69 Cr) |
| Reserved for Market Maker | 33,600 shares Shreni Shares Ltd. (aggregating up to ₹0.3024 Cr) |
| Fresh Issue (Ex Market Maker) | 1,55,200 shares (aggregating up to ₹1.40 Cr) |
| Offer for Sale | 4,43,200 shares of ₹10 (aggregating up to ₹3.99 Cr) |
| Net Offered to Public | 5,98,400 shares (aggregating up to ₹5.39 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 19,60,000 shares |
| Share Holding Post Issue | 21,48,800 shares |
AccelerateBS India IPO offers total 6,32,000 shares. Out of which 2,99,200 (47.34%) allocated to NII, 2,99,200 (47.34%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 33,600 (5.32%) |
| NII (HNI) Shares Offered | 2,99,200 (47.34%) |
| Retail Shares Offered | 2,99,200 (47.34%) |
| Total Shares Offered | 6,32,000 (100.00%) |
AccelerateBS IPO opens on July 6, 2023, and closes on July 11, 2023.
| IPO Open Date | Thu, Jul 6, 2023 |
| IPO Close Date | Tue, Jul 11, 2023 |
| Tentative Allotment | Fri, Jul 14, 2023 |
| Initiation of Refunds | Mon, Jul 17, 2023 |
| Credit of Shares to Demat | Tue, Jul 18, 2023 |
| Tentative Listing Date | Wed, Jul 19, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 11, 2023 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2022, AccelerateBS India Limited is a Digital Technology Services company. It offers many boutique technology services to both B2B and B2C companies worldwide.
The services of the company include:
AccelerateBS India is a specialized entity, and it has built 100% in-house capabilities across DXP platforms like Optimizely, Crownpeak, Contentful, and Strapi, some of the industry-leading enterprise DXP platforms we specialize in.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 125.10 | 493.35 | 68.35 | 53.05 | |
| 31-Mar-21 | 180.95 | 451.92 | 42.53 | 102.46 | 24.00 |
| 31-Mar-22 | 200.65 | 355.69 | 25.91 | 111.03 | 45.34 |
| 31-Jan-23 | 283.25 | 164.92 | 26.22 | 205.42 | 33.82 |
| Amount in ₹ Lakhs | |||||
The market capitalization of AccelerateBS IPO is ₹19.34 Cr.
| KPI | Values |
|---|---|
| ROE | 15.80% |
| ROCE | 19.44% |
| Debt/Equity | 0.16 |
| RoNW | 12.77% |
The Company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its bottom line for 10M- FY23 raise eyebrows and concern over the sustainability going forward. Based on such super earnings, the issue appears aggressively priced while based on its track records so far, the issue is exorbitantly priced. Tiny equity capital post-IPO indicates a longer gestation period for migration to the mainboard. There is no harm in skipping this pricey issue. Read detail review...
| Listing Date | July 19, 2023 |
| BSE Script Code | 543938 |
| NSE Symbol | |
| ISIN | INE0POP01017 |
| Final Issue Price | ₹90 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹109.50 |
| Low | ₹109.50 |
| High | ₹114.97 |
| Last Trade | ₹114.97 |
AccelerateBS India Ltd.
Office 604, Quantum Tower,
Off S.V. Road, Ram Baug, Malad West,
Mumbai – 400 064
Mumbai, Maharashtra
Phone: +91 96536 51592
Email: investors@acceleratebs.com
Website: http://www.acceleratebs.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
AccelerateBS IPO is a SME IPO of 6,32,000 equity shares of the face value of ₹10 aggregating up to ₹5.69 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on July 6, 2023, and closes on July 11, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in AccelerateBS IPO using UPI as a payment gateway. Zerodha customers can apply in AccelerateBS IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AccelerateBS IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AccelerateBS IPO opens on July 6, 2023 and closes on July 11, 2023.
AccelerateBS IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in AccelerateBS 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 AccelerateBS IPO will be done on Friday, July 14, 2023, and the allotted shares will be credited to your demat account by Tuesday, July 18, 2023. Check the AccelerateBS IPO allotment status.
The AccelerateBS IPO listing date is on Wednesday, July 19, 2023.
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