Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Thu, Jul 6, 2023 - Tue, Jul 11, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jul 6, 2023
IPO Close
Tue, Jul 11, 2023
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹19.34 Cr
| IPO Date | 6 to 11 Jul, 2023 |
| Listed on | Wed, Jul 19, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 6,32,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 33,600 shares Shreni Shares Ltd. (agg. up to ₹0.3024 Cr) |
| Fresh Issue (Ex Market Maker) | 1,55,200 shares (agg. up to ₹1 Cr) |
| Offer for Sale | 4,43,200 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 5,98,400 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 19,60,000 shares |
| Share Holding Post Issue | 21,48,800 shares |
| BSE Script Code | 543938 |
| ISIN | INE0POP01017 |
AccelerateBS IPO comprises a total issue size of 6,32,000 shares. The net offer to the public is 5,98,400 shares, after excluding 33,600 shares allotted on a firm basis. Of the Net offer 2,99,200 (50.00%) allocated to NII 2,99,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,99,200 | 50.00% | 47.34% |
| Retail Shares Offered | 2,99,200 | 50.00% | 47.34% |
| Firm Reservations | |||
| Market Maker Shares Offered | 33,600 | 5.32% | |
| Total Shares Offered | 6,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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 | 31 Jan 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 2.83 | 2.01 | 1.81 | 1.25 |
| Total Income | 1.65 | 3.56 | 4.52 | 4.93 |
| Profit After Tax | 0.26 | 0.26 | 0.43 | 0.68 |
| NET Worth | 2.05 | 1.11 | 1.02 | 0.53 |
| Total Borrowing | 0.34 | 0.45 | 0.24 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Long-Term Working Capital Requirements; and | 1.09 |
| 2 | General corporate purposes | 0.34 |
| KPI | |
|---|---|
| ROE | 15.80% |
| ROCE | 19.44% |
| Debt/Equity | 0.16 |
| RoNW | 12.77% |
| PAT Margin | 7.36% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.38 | |
| P/E (x) | 27.27 | |
| Promoter Holding | 100.00% | 70.59% |
| Market Cap | ₹19.34 Cr. |
The AccelerateBS India IPO is subscribed 49.19 times on July 11, 2023 7:02:00 PM (Day 4). The public issue subscribed 59.11 times in the retail category, [.] times in the QIB category, and 39.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 39.25 | 2,99,200 | 1,17,44,000 |
| Retail | 59.11 | 2,99,200 | 1,76,86,400 |
| Total | 49.19 | 5,98,400 | 2,94,33,600 |
Total Application : 12,144
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.57 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the Offer | 0.02 |
| 4 | Legal Advisors | 0.00 |
| 5 | Advertising and marketing expenses | 0.17 |
| 6 | Regulators including stock exchanges | 0.02 |
| 7 | Printing and distribution of Offer stationery | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.13 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹109.50 |
| Low | ₹109.50 |
| High | ₹114.97 |
| Last Trade | ₹114.97 |
Lead Manager Reports
AccelerateBS IPO is a SME IPO of 6,32,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Jul 6, 2023, and closes on Tue, Jul 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 Thu, Jul 6, 2023 and closes on Tue, Jul 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 Tue, Jul 18, 2023. Check the AccelerateBS IPO allotment status.
The AccelerateBS IPO listing date is on Wed, Jul 19, 2023.
