Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Mon, Sep 9, 2013 - Thu, Sep 12, 2013
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 9, 2013
IPO Close
Thu, Sep 12, 2013
Issue Price
₹16 per share
Market Cap (Pre-IPO)
₹20.27 Cr
| IPO Date | 9 to 12 Sep, 2013 |
| Listed on | Thu, Sep 26, 2013 |
| Face Value | ₹10 per share |
| Issue Price | ₹16 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 50,00,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 2,80,000 shares Shah Investors Home Ltd. (agg. up to ₹0.4480 Cr) |
| Fresh Issue (Ex Market Maker) | 47,20,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 47,20,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 76,70,456 shares |
| Share Holding Post Issue | 1,26,70,456 shares |
| BSE Script Code | 536492 |
| ISIN | INE926O01019 |
Ace Tours Worldwide IPO comprises a total issue size of 50,00,000 shares. The net offer to the public is 47,20,000 shares, after excluding 2,80,000 shares allotted on a firm basis. Of the Net offer 23,60,000 (50.00%) allocated to NII 23,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 23,60,000 | 50.00% | 47.20% |
| Retail Shares Offered | 23,60,000 | 50.00% | 47.20% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,80,000 | 5.60% | |
| Total Shares Offered | 50,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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 |
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
| 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 | Brand Building Exercise | 1.60 |
| 2 | Working Capital Requirements | 6.00 |
| 3 | Public Issue Expenses | 0.40 |
| KPI | |
|---|---|
| RoNW | 1.69% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 75.45% | 45.68% |
| Market Cap | ₹20.27 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other expenses. | 0.25 |
| 2 | Printing & Stationery and Postage Expenses | 0.05 |
| 3 | Marketing and Advertisement Expenses | 0.05 |
| 4 | Regulatory fees and other expenses | 0.05 |
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.
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹16.00 |
| Open | ₹24.95 |
| Low | ₹24.95 |
| High | ₹24.95 |
| Last Trade | ₹24.95 |
Satellite Corporate Services Pvt.Ltd.
Lead Manager Reports
Ace Tours Worldwide IPO is a SME IPO of 50,00,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹16 per share. The minimum order quantity is 8000.
The IPO opens on Mon, Sep 9, 2013, and closes on Thu, Sep 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 Mon, Sep 9, 2013 and closes on Thu, Sep 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 Thu, Sep 26, 2013.
