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Accord Synergy Ltd IPO (Accord Synergy IPO) Detail

Jun 22, 2017 - Jun 28, 2017

Incorporated in 2014, Accord Synergy Ltd (ASL) provides support services to the telecom industry through sub-contracting basis in India. They offers services to the high end telecom segments such as network planning & optimization, network roll out, managed services and manpower solutions through sub-contracting basis.

They provide services related to planning, installation and commissioning, operation, expansion, modification, and maintenance of telecom networks, as well as manpower solutions; and technical site surveys, radio surveys, network planning, radio and core equipment ((BBS, RBS 2G, 3G and LTE) installation, installation supervision, and commission/integration services to various equipment and vendors. It serves telecom equipment manufacturers and network operators.

COMPETITIVE STRENGTHS

1. Qualified and experienced management team and employee base
2. Ability to offer end to end telecom solutions
3. Pan India reach
4. Established relationship with clients
5. Technology driven
6. Timely completion of awarded work

Company Promoters:

The Promoters of the company are:

1. Mr. Betulla Asdulla Khan and
2. Mrs. Roli Betulla Khan

Objects of the Issue:

The object of the issue are:

1. To meet Working Capital Requirement
2. General Corporate Expenses, and
3. To Meet the Issue Expenses

Issue Detail:

  »»  Issue Open: Jun 22, 2017 - Jun 28, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 972,000 Equity Shares of Rs 10 aggregating up to Rs 5.83 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 60 Per Equity Share
  »»  Market Lot: 2000 Shares
  »»  Minimum Order Quantity: 2000 Shares
  »»  Listing At: NSE SME

Accord Synergy IPO Reviews:

  1. Accord Synergy Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - Jun 22, 2017 17:00 IST----
Day 2 - Jun 23, 2017 17:00 IST----
Day 3 - Jun 27, 2017 17:00 IST014620002492800026390000
Day 4 - Jun 28, 2017 17:00 IST620004826400089514000137840000

Accord Synergy IPO Prospectus

Accord Synergy IPO Rating

164
3.8
Rating:Rated 3.8 stars

Vote Here ...

Accord Synergy IPO News Alerts

  1. Wednesday, June 28, 2017 12:00:00 AM
    Accord Synergy Ltd IPO - Close
  2. Thursday, June 22, 2017 12:00:00 AM
    Accord Synergy Ltd IPO - Open

Company Contact Information

Accord Synergy Ltd
302, Shine Plaza,
Natubhi Circle,
Race Course, Vadodara -390007
Phone: +91 265-2356800
Fax: +91 265-2356800
Email: compliance@accordsynergy.com
Website: http://www.accordsynergy.com

Accord Synergy IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: accord.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Accord Synergy IPO Lead Manager(s)

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Accord Synergy IPO Review / Comments

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55. Prabhakaran Kuppusamy  Jun 20, 2017 7:38:22 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
One more point, (I assume that I''m sane) is that LaxmiCotspin and Globe belong to same industry.
Laxmi is trading at PE of 8.75 and PB of 0.68.
So, theoretically I would rather be with Laxmi than with Globe.

P.S:
ROE and ROCE of Globe is twice better than Laxmi.

Laxmi''s book closure is on 18/07/2017.
I will decide in another month, that with whom should I be with.
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55.1. Yashesh  Jun 28, 2017 8:43:50 PM IST I Like It. | Report Abuse
Prabhakaran, there was a bulk deal in Meera Industries today by Guinness Securities worth 30k shares. I am kind of surprised with this as being the merchant banker and market maker, they already hold a good stake. Since they bought more, does it mean a good sign or is it just something they are required to do?. I am asking because I know you are invested in Meera too, and I am really hopeful about the company after the recent result and declared dividend.
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54. addy A  Jun 28, 2017 1:21:16 PM IST I Like It. 1 | Report Abuse Reply
Dear Prabhakaran sir,

May I know your final call based on subscription figures.
Thank you
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54.1. Prabhakaran Kuppusamy  Jun 28, 2017 7:05:54 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I missed the train.
Thought of applying today, but luckily or unluckily I was sidelined.
The subscription figures were fantastic.
Till this moment, Focus''s 88.99x (900k shares issued worth 4 crore) was the topper, but Accord''s 157.28x (972k shares issued worth 5.8 Crore) is simply awesome and incomparable.
Having said that, Focus''s QIB portion was subscribed 21.44x times that of MarketMaker''s quota; but Accord''s QIB portion was subscribed only 0.65x times (62k shares) that of MarketMaker''s quota (of 96k shares).
Based on QIB subscription, the figures exactly match that of Zota (one more funny thing is that Zota issue of 58.5 crore is subscribed 16.78 times and Accord issue of 5.832 crore is subscribed 157.28 overall).
So, both were subscribed for ~900 crore (981.63Zota vs 917.25Accord).
So, I''m disappointed by QIB figures (based on MM quota; not on QIB quota itself).
Secondly, Individuals (RII and NII) subscription is way too much compared to NII-Corporate/others or QIB.
So, this is issue is again subscribed more by individuals and they''re responsible for huge subscription.
It is possible that this script could give 100% upmove within first month of listing; but there won''t be any buyers from third weeks itself (or you can expect the buying vs selling price-bids gap to be too high).
It could be another Focus or Zota. I believe in Hem, so those who get allocation, will get healthy returns (but remember it''s PB is 3 now; if the share moves up 100% more, then it''s PB will become 6). So, I would recommend to hold it only for short-term; decide when to exit from this.
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54.2. addy A  Jun 28, 2017 7:49:44 PM IST I Like It. | Report Abuse
Thank you Prabhakaran sir for your valuable reply.
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53. LUCKY LUCKY  Jun 28, 2017 7:03:43 PM IST I Like It. | Report Abuse Reply
Limited - Graphical display of bids received *

(* indicates bids position and not necessarily the subscription to the issue– bids received on the Exchange platform only)

As on 28-Jun-2017 18:30:04 IST
Cumulative Demand (no. of shares in lakhs)      
Bid Price (Rs.)
Note: Cumulative (NSE) bid quantity at each price point includes the quantity (NSE) bidded at that relevant price point and all valid bids above that price point.

Total Issue Size      972000
Total Bids Received      137840000
Total Bids Received at Cut-off Price      -
No. of times issue is subscribed      141.81
Graph Logic
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52. LUCKY LUCKY  Jun 28, 2017 7:02:17 PM IST I Like It. | Report Abuse Reply
Back
Bid Details for ACCORD as on 28-Jun-2017 18:30:05 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      62,000
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      62,000
2      Non Institutional Investors      4,82,64,000
2(a)      Corporates      52,32,000
2(b)      Individuals(Other than RIIs)      4,25,72,000
2(c)      others      4,60,000
3      Retail Individual Investors(RIIs)      8,95,14,000
3(a)      Cut Off      0
3(b)      Price bids      8,95,14,000
Total      13,78,40,000
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51. bangalore king  Jun 28, 2017 5:33:48 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts)
Setting up record for SME I assume !

QIB + HNI 110 Times
Retail 200 times...
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50. BKG  Jun 28, 2017 5:09:11 PM IST I Like It. | Report Abuse Reply
What is the allotment date of accord ?
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49. BKG  Jun 28, 2017 5:08:16 PM IST I Like It. | Report Abuse Reply
Dear Investor,

Please note that basis of allotment is finalizing by today end of the day and you will able to check the status of your application on our website on 28th June 2017 after 9:00 p.m by using below mentioned link.

https://linkintime.co.in/PublicIssues/
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48. Yashesh  Jun 28, 2017 4:24:07 PM IST I Like It. | Report Abuse Reply
Retail portion oversubscribed by almost 187 times. Record breaking.
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47. S J P Shares  Jun 28, 2017 4:06:34 PM IST I Like It. | Report Abuse Reply
SUBJECT 2 RS. 32000/- IN AHMEDABAD
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46. Ficpl  Jun 28, 2017 11:10:21 AM IST I Like It. | Report Abuse Reply
75 Times subscribed @ 11:00 AM
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46.1. coolaks  Jun 28, 2017 11:16:24 AM IST I Like It. | Report Abuse
Wrong it is 37times oversubcribed.
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46.2. Ficpl  Jun 28, 2017 11:25:14 AM IST I Like It. | Report Abuse
Sir it is for retail not for overall
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45. Jay Mangal  Jun 27, 2017 6:45:51 PM IST I Like It. | Report Abuse Reply
Gala ji kaunse SME apply karne vale ho aap
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45.1. gala  Jun 27, 2017 10:55:45 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Accord synergy already applied , Gautam exim ( not sure will update )
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44. addy A  Jun 27, 2017 5:37:50 PM IST I Like It. | Report Abuse Reply
Dear Prabhakaran sir,

As this issue is subscribed 27 times without QIB subscription, can I apply this issue for listing gain ?
Thank you in advance.
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44.1. addy A  Jun 27, 2017 5:40:48 PM IST I Like It. | Report Abuse
May be this is first SME IPO which is getting subscribed 27 times with 1 day ahead...
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44.2. Prabhakaran Kuppusamy  Jun 27, 2017 7:23:52 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Not yet.
Till today, only RIIs (not even NIIs) have subscribed heavily (So, listing gain will be limited - because of RII mindset).
Unless, QIB subscribes (however small) I won''t subscribe.

REMEMBER, it''s a small issue (of 5.832 Crore); so 27x subscription will be like 157 Crore (which many SME IPOs gathered on first day itself).
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43. coolaks  Jun 27, 2017 5:38:32 PM IST I Like It. | Report Abuse Reply
Should we subscribed this ipo. Till now 27times oversubscribed.
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42. Batting Raja  Jun 27, 2017 2:50:35 PM IST I Like It. | Report Abuse Reply
Gmp ASL plz
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41. Shyam Vachhani  Jun 23, 2017 3:34:35 PM IST I Like It. | Report Abuse Reply
subject 2 17000 ahmdabad
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41.1. Kiran Gohel  Jun 27, 2017 12:35:12 PM IST I Like It. | Report Abuse
what is meaning of subject 2?
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40. KAMAL KHAITAN  Jun 26, 2017 3:00:52 PM IST I Like It. | Report Abuse Reply
What is gmp for accord. I want to sell application
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40.1. akash sharmaji  Jun 26, 2017 9:01:57 PM IST I Like It. 1 | Report Abuse
Msg or call me
779289778eight
I will buy it
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39. addy A  Jun 26, 2017 3:54:29 PM IST I Like It. | Report Abuse Reply
I am interested to sell applications subject to at Rs. 26000 from Pune city.
Any buyer?
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38. PADMINI  Jun 23, 2017 3:34:13 PM IST I Like It. 2 | Report Abuse Reply
subject 2 ....30000 just sold to ahemdabad
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38.1. AmitSheth  Jun 23, 2017 4:21:10 PM IST I Like It. | Report Abuse
Contact Details ???
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38.2. KEVAL DODHYA  Jun 26, 2017 11:54:03 AM IST I Like It. | Report Abuse
I have 10 Plus Applications to Sell. Do Let me know if any one interested in buying for Rs. 30,000 Subject to Allotment.
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37. alok marwadi  Jun 26, 2017 8:25:22 AM IST I Like It. | Report Abuse Reply
any GMP or kostak? PE7,OS8,2D LEFT
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36. Hellrazor  Jun 25, 2017 1:40:59 PM IST I Like It. | Report Abuse Reply
Hi guys,
If i get allotment of SME ipo then how to sell those shares? I have account in IIFL. Is it possible to sell those shares through iifl platform?
Any help is highly appreciated
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36.1. STOCKT  Jun 25, 2017 3:40:41 PM IST I Like It. | Report Abuse
yes u can sell it through IIFL.
I have account too but IIFL services are very poor. looking forward to switch to another broker
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36.2. Hellrazor  Jun 25, 2017 6:10:35 PM IST I Like It. | Report Abuse
Yup agree .
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