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Accord Synergy IPO is a fixed price issue of ₹5.83 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹5.83 crore.
Accord Synergy IPO bidding started from Jun 22, 2017 and ended on Jun 28, 2017. The shares got listed on NSE SME on Jul 6, 2017.
Accord Synergy IPO price is ₹60.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Accord Synergy IPO RHP for detailed Information.
| IPO Date | June 22, 2017 to June 28, 2017 |
| Listing Date | July 6, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 9,72,000 shares (aggregating up to ₹5.83 Cr) |
| Reserved for Market Maker | 96,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.5760 Cr) |
| Net Offered to Public | 8,76,000 shares (aggregating up to ₹5.26 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 25,00,000 shares |
| Share Holding Post Issue | 34,72,000 shares |
Accord Synergy IPO offers total 9,72,000 shares. Out of which 4,38,000 (45.06%) allocated to NII, 4,38,000 (45.06%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (9.88%) |
| NII (HNI) Shares Offered | 4,38,000 (45.06%) |
| Retail Shares Offered | 4,38,000 (45.06%) |
| Total Shares Offered | 9,72,000 (100.00%) |
Accord Synergy IPO opens on June 22, 2017, and closes on June 28, 2017.
| IPO Open Date | Thu, Jun 22, 2017 |
| IPO Close Date | Wed, Jun 28, 2017 |
| Tentative Listing Date | Thu, Jul 6, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 28, 2017 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Incorporated in 2014, Accord Synergy Ltd (ASL) provides support services to the telecom industry through sub-contracting basis in India. They offers services to the high end telecom segments such as network planning & optimization, network roll out, managed services and manpower solutions through sub-contracting basis.
They provide services related to planning, installation and commissioning, operation, expansion, modification, and maintenance of telecom networks, as well as manpower solutions; and technical site surveys, radio surveys, network planning, radio and core equipment ((BBS, RBS 2G, 3G and LTE) installation, installation supervision, and commission/integration services to various equipment and vendors. It serves telecom equipment manufacturers and network operators.
COMPETITIVE STRENGTHS
1. Qualified and experienced management team and employee base
2. Ability to offer end to end telecom solutions
3. Pan India reach
4. Established relationship with clients
5. Technology driven
6. Timely completion of awarded work
The Company Accord Synergy 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 Meet Working Capital Requirement | 4.35 |
| 2 | General Corporate Expenses | 0.87 |
[Dilip Davda] Investors may consider investment in this reasonably priced issue for medium to long term. Read detail review...
| Listing Date | July 6, 2017 |
| BSE Script Code | |
| NSE Symbol | ACCORD |
| ISIN | INE113X01015 |
| Final Issue Price | ₹60 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹72.00 |
| Low | ₹72.00 |
| High | ₹72.00 |
| Last Trade | ₹72.00 |
Accord Synergy Ltd.
302, Shine Plaza,
Natubhi Circle,
Race Course,
Vadodara, Gujarat, 390007
Phone: +91 265-2356800
Email: compliance@accordsynergy.com
Website: http://www.accordsynergy.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: accord.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Accord Synergy IPO is a SME IPO of 9,72,000 equity shares of the face value of ₹10 aggregating up to ₹5.83 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on June 22, 2017, and closes on June 28, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Accord Synergy IPO using UPI as a payment gateway. Zerodha customers can apply in Accord Synergy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Accord Synergy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Accord Synergy IPO opens on June 22, 2017 and closes on June 28, 2017.
Accord Synergy IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Accord Synergy 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 Accord Synergy IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Accord Synergy IPO allotment status.
The Accord Synergy IPO listing date is on Thursday, July 6, 2017.
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