Fixed Price IPO | ₹7 Cr | Listed at NSE SME | Thu, Jun 29, 2017 - Wed, Jul 5, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jun 29, 2017
IPO Close
Wed, Jul 5, 2017
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹27.20 Cr
| IPO Date | 29 Jun to 5 Jul, 2017 |
| Listed on | Thu, Jul 13, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 18,00,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 90,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.3600 Cr) |
| Fresh Issue (Ex Market Maker) | 17,10,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 17,10,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,00,000 shares |
| NSE Symbol | ACEINTEG |
| ISIN | INE543V01017 |
Ace Integrated Solutions IPO comprises a total issue size of 18,00,000 shares. The net offer to the public is 17,10,000 shares, after excluding 90,000 shares allotted on a firm basis. Of the Net offer 8,55,000 (50.00%) allocated to NII 8,55,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,55,000 | 50.00% | 47.50% |
| Retail Shares Offered | 8,55,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 90,000 | 5.00% | |
| Total Shares Offered | 18,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| 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 | Working Capital Requirement | 5.20 |
| 2 | General Corporate Purposes | 1.50 |
| 3 | Issue Expenses | 0.50 |
The Ace Integrated Solutions IPO is subscribed [.] times on July 5, 2017 5:00:00 PM (Day 5). 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 expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.32 |
| 2 | Regulatory fees and Other Expenses | 0.06 |
| 3 | Marketing and Advertising Expenses | 0.12 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹38.90 |
| Low | ₹38.90 |
| High | ₹41.80 |
| Last Trade | ₹39.55 |
Lead Manager Reports
Ace Integrated Solutions IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Jun 29, 2017, and closes on Wed, Jul 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 Thu, Jun 29, 2017 and closes on Wed, Jul 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 Thu, Jul 13, 2017.
