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Ace Integrated Solutions IPO is a fixed price issue of ₹7.20 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹7.20 crore.
Ace Integrated Solutions IPO bidding started from Jun 29, 2017 and ended on Jul 5, 2017. The shares got listed on NSE SME on Jul 13, 2017.
Ace Integrated Solutions IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
D&A Financial Services Pvt.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 Choice Equity Broking Pvt.Ltd..
Refer to Ace Integrated Solutions IPO RHP for detailed Information.
| IPO Date | June 29, 2017 to July 5, 2017 |
| Listing Date | July 13, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,00,000 shares (aggregating up to ₹7.20 Cr) |
| Reserved for Market Maker | 90,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.3600 Cr) |
| Net Offered to Public | 17,10,000 shares (aggregating up to ₹6.84 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,00,000 shares |
Ace Integrated Solutions IPO offers total 18,00,000 shares. Out of which 8,55,000 (47.50%) allocated to NII, 8,55,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 90,000 (5.00%) |
| NII (HNI) Shares Offered | 8,55,000 (47.50%) |
| Retail Shares Offered | 8,55,000 (47.50%) |
| Total Shares Offered | 18,00,000 (100.00%) |
Ace Integrated Solutions IPO opens on June 29, 2017, and closes on July 5, 2017.
| IPO Open Date | Thu, Jun 29, 2017 |
| IPO Close Date | Wed, Jul 5, 2017 |
| Tentative Listing Date | Thu, Jul 13, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jul 5, 2017 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 2016, Ace Integrated Solutions Ltd (AISL) is a India's leading Recruitment & Examination Services Management Company, bringing together the Domain Expertise and innovative skills required for the successful execution of the project every time with highest level of security and customer satisfaction. AISL has over 16000 Sq. Ft. area which is well equipped with the Equipment and machinery required for the execution and production of all the deliverables involved in any of the Recruitment and Examination Project. Its divisions namely “Amety Offset Printers” etc. are completely mapped with the requirements of the execution of the voluminous turnkey projects (Single / Multiple location across India).
The company also offers a range of services namely, On-Line & off line Application Form designing, Barcoding, Collection, Data Capturing & Processing, Designing Printing and Dispatch of Admit Cards, Arrangement of test venues, Designing & printing of OMR answer sheets with security features, Setting, Designing and printing of question booklet as per the required Difficulty Levels and Topics (Technical & Non-Technical), consultancy, Facility Management, Data Base Management Services etc. Over the years, it has successfully implemented large turnkey assignments for various PSUs/State/Central Customers. Top three clients of the company for FY 16 were TCS, CMC and Delhi Metro.
The Company Ace Integrated Solutions 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 | Working Capital Requirement | 5.20 |
| 2 | General Corporate Purposes | 1.50 |
| 3 | Issue Expenses | 0.50 |
[Dilip Davda] Investors may consider moderate investment for long term in Ace Integrated NSE SME IPO. Read detail review...
| Listing Date | July 13, 2017 |
| BSE Script Code | |
| NSE Symbol | ACEINTEG |
| ISIN | INE543V01017 |
| Final Issue Price | ₹40 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹38.90 |
| Low | ₹38.90 |
| High | ₹41.80 |
| Last Trade | ₹39.55 |
Ace Integrated Solutions Ltd.
B-13 DSIDC Complex,
Functional Industrial Estate,
Indl. Area Patparganj,
Delhi, New Delhi, 110092
Phone: +91-11-22162970
Email: cs@aceintegrated.com
Website: http://www.aceintegrated.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Ace Integrated Solutions IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹7.20 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on June 29, 2017, and closes on July 5, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ace Integrated Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Ace Integrated Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ace Integrated Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ace Integrated Solutions IPO opens on June 29, 2017 and closes on July 5, 2017.
Ace Integrated Solutions IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Ace Integrated Solutions 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 Ace Integrated Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ace Integrated Solutions IPO allotment status.
The Ace Integrated Solutions IPO listing date is on Thursday, July 13, 2017.
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