Bookbuilding IPO | ₹170 Cr | Listed at BSE, NSE | Mon, Feb 21, 2011 - Thu, Feb 24, 2011
Acropetal Technologies IPO is a book build issue of ₹170.01 crores. The issue is entirely a fresh issue of 1.89 crore shares of ₹170.01 crore.
Acropetal Technologies IPO bidding started from Feb 21, 2011 and ended on Feb 24, 2011. The shares got listed on BSE, NSE on Mar 10, 2011.
Acropetal Technologies IPO price band is set at ₹90 per share. The lot size for an application is 60. The minimum amount of investment required by an retail is ₹5,400 (60 shares) (based on upper price). The lot size investment for sNII is 38 lots (2,280 shares), amounting to ₹2,05,200, and for bNII, it is 186 lots (11,160 shares), amounting to ₹10,04,400.
Saffron Capital Advisors Pvt.Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue.
Refer to Acropetal Technologies IPO RHP for detailed Information.
IPO Open
Mon, Feb 21, 2011
IPO Close
Thu, Feb 24, 2011
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹350.00 Cr
| IPO Date | 21 to 24 Feb, 2011 |
| Listed on | Thu, Mar 10, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹88 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,88,90,358 shares (agg. up to ₹170 Cr) |
| Fresh Issue | 1,88,90,358 shares (agg. up to ₹170 Cr) |
| Share Holding Pre Issue | 2,00,00,000 shares |
| Share Holding Post Issue | 3,88,88,889 shares |
| BSE Script Code / NSE Symbol | 533330 / ACROPETAL |
| ISIN | INE055L01013 |
Acropetal Technologies IPO comprises a total issue size of 1,88,88,889 shares. Out of which, 94,44,444 (50.00%) are allocated to QIB, 28,33,333 (15.00%) allocated to NII 66,11,112 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 94,44,444 | 50.00% | NA |
| NII (HNI) Shares Offered | 28,33,333 | 15.00% | NA |
| Retail Shares Offered | 66,11,112 | 35.00% | 1,10,185 |
| Total Shares Offered | 1,88,88,889 | 100.00% |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹5,400 |
| Retail (Max) | 37 | 2,220 | ₹1,99,800 |
| S-HNI (Min) | 38 | 2,280 | ₹2,05,200 |
| S-HNI (Max) | 185 | 11,100 | ₹9,99,000 |
| B-HNI (Min) | 186 | 11,160 | ₹10,04,400 |
Incorporated in 2001, Acropetal Technologies Ltd is mid-tier IT services and products firm which offers Information Technology (IT) outsourcing services to clients in Engineering Design Services, Healthcare, and Energy and Environment sectors.
Acropetal offers Engineering Design Services to reduce product design cycle time and costs. The services include concept design, product design & development, advanced analysis, reliability engineering and value engineering. Other services are product quality improvement, idea generation, product teardown, material cost out, product re-design, back office support to accomplish 2D Drawings, Data Conversion and 3D Modeling.
Acropetal Technologies headquartered in Bangalore, the silicon valley of India. They also have presence in Dubai, UAE, through subsidiary Vision Info Inc. Company intends to set up new Software Development Center cum Corporate Office in Bangalore and also expand its geographical presence in the US, UK, Middle east and South East Asia by setting up offices.
| 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 | Proposed Acquisitions | 5.50 |
| 2 | Setting up of Software Development Centre and Corporate Office | 2.62 |
| 3 | Expansion & Establishment of overseas offices | 1.94 |
| 4 | Part Repayment of Term Loans | 2.50 |
| 5 | Additional Working Capital requirements | 2.50 |
| 6 | Public Issue Expenses | 1.50 |
| 7 | General Corporate Purposes | 0.44 |
| KPI | |
|---|---|
| RoNW | 22.99% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 85.72% | 44.09% |
| Market Cap | ₹350.00 Cr. |
The Acropetal IPO is subscribed 1.28 times on February 24, 2011 5:00:00 PM (Day 4). The public issue subscribed 1.21 times in the retail category, 1.12 times in the QIB category, and 2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.12 | 96,59,091 | |
| NII | 2 | 28,97,727 | |
| Retail | 1.21 | 67,61,363 | |
| Total | 1.28 | 1,93,18,181 |
ICRA has assigned an IPO Grade 3 to Acropetal Technologies Ltd IPO. This means as per ICRA, company has 'Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the ICRA IPO Grading Document for Acropetal Technologies Ltd.
Acropetal Technologies Ltd IPO, Acropetal Technologies IPO, Acropetal IPO Bidding, Acropetal Technologies IPO Allotment Status,Acropetal Technologies IPO drhp and Acropetal Technologies IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, Syndicate fees, Underwriting and Selling fees | 6.88 |
| 2 | Advertisement and marketing expenses | 3.00 |
| 3 | Printing and stationery (including expenses on transportation of the material) | 3.50 |
| 4 | Others (Filing fees with SEBI, BSE, NSE, Registrar’s fees, legal fees, IPO Grading fees, listing fees, travelling and other misc expenses) | 1.63 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹90.00 | ₹90.00 |
| Open | ₹130.00 | ₹92.00 |
| Low | ₹89.00 | ₹87.40 |
| High | ₹150.00 | ₹140.00 |
| Last Trade | ₹98.45 | ₹98.45 |
Lead Manager Reports
Acropetal Technologies IPO is a main-board IPO of 1,88,90,358 equity shares of the face value of ₹10 aggregating up to ₹170 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 60.
The IPO opens on Mon, Feb 21, 2011, and closes on Thu, Feb 24, 2011.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Acropetal Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Acropetal Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Acropetal Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Acropetal Technologies IPO opens on Mon, Feb 21, 2011 and closes on Thu, Feb 24, 2011.
Acropetal Technologies IPO lot size is 60, and the minimum amount required for application is ₹5,400.
You can apply in Acropetal Technologies 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 Acropetal Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Acropetal Technologies IPO allotment status.
The Acropetal Technologies IPO listing date is on Thu, Mar 10, 2011.
