Fixed Price IPO | ₹6 Cr | Listed at NSE SME | Thu, Jun 22, 2017 - Wed, Jun 28, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jun 22, 2017
IPO Close
Wed, Jun 28, 2017
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹20.83 Cr
| IPO Date | 22 to 28 Jun, 2017 |
| Listed on | Thu, Jul 6, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 9,72,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 96,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.5760 Cr) |
| Fresh Issue (Ex Market Maker) | 8,76,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 8,76,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 25,00,000 shares |
| Share Holding Post Issue | 34,72,000 shares |
| NSE Symbol | ACCORD |
| ISIN | INE113X01015 |
Accord Synergy IPO comprises a total issue size of 9,72,000 shares. The net offer to the public is 8,76,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 4,38,000 (50.00%) allocated to NII 4,38,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,38,000 | 50.00% | 45.06% |
| Retail Shares Offered | 4,38,000 | 50.00% | 45.06% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 9.88% | |
| Total Shares Offered | 9,72,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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
| Period Ended |
|---|
| 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 Meet Working Capital Requirement | 4.35 |
| 2 | General Corporate Expenses | 0.87 |
The Accord Synergy IPO is subscribed [.] times on June 28, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to merchant banker including underwriting and selling commissions, brokerages, Printing and stationery and postage expenses, Advertising and marketing expenses, Statutory expenses payment to other intermediaries such as legal advisors, registrars, etc and other out of pocket expenses | 0.61 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹72.00 |
| Low | ₹72.00 |
| High | ₹72.00 |
| Last Trade | ₹72.00 |
Lead Manager Reports
Accord Synergy IPO is a SME IPO of 9,72,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Jun 22, 2017, and closes on Wed, Jun 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 Thu, Jun 22, 2017 and closes on Wed, Jun 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 Thu, Jul 6, 2017.
