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Ace Tours Worldwide IPO is a fixed price issue of ₹8.00 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹8.00 crore.
Ace Tours Worldwide IPO bidding started from Sep 9, 2013 and ended on Sep 12, 2013. The shares got listed on BSE SME on Sep 26, 2013.
Ace Tours Worldwide IPO price is ₹16.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,56,000.
Corporate Strategic Allianz Ltd. is the book running lead manager and Satellite Corporate Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shah Investors Home Ltd..
Refer to Ace Tours Worldwide IPO RHP for detailed Information.
| IPO Date | September 9, 2013 to September 12, 2013 |
| Listing Date | September 26, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹16 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,00,000 shares (aggregating up to ₹8.00 Cr) |
| Reserved for Market Maker | 2,80,000 shares Shah Investors Home Ltd. (aggregating up to ₹0.4480 Cr) |
| Net Offered to Public | 47,20,000 shares (aggregating up to ₹7.55 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 76,70,456 shares |
| Share Holding Post Issue | 1,26,70,456 shares |
Ace Tours Worldwide IPO offers total 50,00,000 shares. Out of which 23,60,000 (47.20%) allocated to NII, 23,60,000 (47.20%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,80,000 (5.60%) |
| NII (HNI) Shares Offered | 23,60,000 (47.20%) |
| Retail Shares Offered | 23,60,000 (47.20%) |
| Total Shares Offered | 50,00,000 (100.00%) |
Ace Tours Worldwide IPO opens on September 9, 2013, and closes on September 12, 2013.
| IPO Open Date | Mon, Sep 9, 2013 |
| IPO Close Date | Thu, Sep 12, 2013 |
| Tentative Listing Date | Thu, Sep 26, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 12, 2013 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,28,000 |
| Retail (Max) | 1 | 8,000 | ₹1,28,000 |
| HNI (Min) | 2 | 16,000 | ₹2,56,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2007, Ace Tours Worldwide Ltd (ATWL) is in the business of providing the travel and leisure services. They made the custom trips as per their client’s requirement. They provide the entire gamut of activities associated with holidays like ticketing, local travel arrangement, hotel bookings, etc under one roof. With its continued services the company won many accolades such as recognition as an approved tour operator for excellent co-operation and service by the Ministry of Tourism, Government of India.
They provide the following travel and leisure services to their clients:
1. International Tours
a. Individual Tours
b. Group Tours
2. Domestic Tours
a. Individual Tours
b. Group Tours
3. MICE (Meetings, Incentives, Conferences and Exhibitions)
4. Cruises
5. Other special planned trips
a. Honeymoon trips
b. School trips
c. Business / Conventional trips
d. Conference / Trade Fairs / Exhibitions
6. Travel Bookings
a. Air tickets
b. Railway tickets
7. Hotel bookings (worldwide)
8. Rent-a-Car facility
9. Visa Processing
| KPI | Values |
|---|---|
| RoNW | 1.69% |
The Company Ace Tours Worldwide 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 | Brand Building Exercise | 1.60 |
| 2 | Working Capital Requirements | 6.00 |
| 3 | Public Issue Expenses | 0.40 |
[Dilip Davda] <p class="MsoNoSpacing" style="text-align: justify; margin: 0in 0in 0pt;"><strong style="mso-bidi-font-weight: normal;"><span style="text-decoration: underline;"><span style="font-family: 'Times New Roman','serif'; font-size: 10pt;">Not worth</span></span></strong></p> Read detail review...
By Dilip Davda on Sept 07, 2013
Earlier this IPO was to open and close on 26.08.13 and 29.08.13, but it has deferred its issue period that has opened for subscription on 06.09.13 and will close on 09.09.13. The company has filed updated prospectus with its working till 31st March 2013 against As per Revised prospectus, for the year ended 31.03.13, the company has posted average EPS of Rs. 0.29 for last three fiscals and for the year ended 31.03.13 its net profit of Rs. 0.15 crore on a turnover of Rs.19.65 crore translates into EPS of Rs. 0.01 on fully diluted equity post this issue and thus its asking price is at 1600| P/E, Other details remains same. I maintain my remarks as SKIP for this IPO.
| Listing Date | September 26, 2013 |
| BSE Script Code | 536492 |
| NSE Symbol | |
| ISIN | INE926O01019 |
| Final Issue Price | ₹16 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹16.00 |
| Open | ₹24.95 |
| Low | ₹24.95 |
| High | ₹24.95 |
| Last Trade | ₹24.95 |
Ace Tours Worldwide Ltd.
F-22-23-24,
Jolly Arcade,
Ghod Dod Road,
Surat, Gujarat, 3950
Phone: +91 261 265 6667
Email: ipo@acetours.in
Website: http://www.ace1world.com
Satellite Corporate Services Pvt.Ltd.
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
Ace Tours Worldwide IPO is a SME IPO of 50,00,000 equity shares of the face value of ₹10 aggregating up to ₹8.00 Crores. The issue is priced at ₹16 per share. The minimum order quantity is 8000.
The IPO opens on September 9, 2013, and closes on September 12, 2013.
Satellite Corporate 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 Ace Tours Worldwide IPO using UPI as a payment gateway. Zerodha customers can apply in Ace Tours Worldwide IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ace Tours Worldwide IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ace Tours Worldwide IPO opens on September 9, 2013 and closes on September 12, 2013.
Ace Tours Worldwide IPO lot size is 8000, and the minimum amount required for application is ₹1,28,000.
You can apply in Ace Tours Worldwide 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 Tours Worldwide IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ace Tours Worldwide IPO allotment status.
The Ace Tours Worldwide IPO listing date is on Thursday, September 26, 2013.
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