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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 IST043000012260001656000
Day 2 - Jun 23, 2017 17:00 IST048600054400005926000
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

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Accord Synergy IPO Listing Date

  •   ›  Listing Date: Thursday, July 6, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: ACCORD
  •   ›  Listing In:
  •   ›  ISIN: INE113X01015
  •   ›  Issue Price: Rs 60 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 60.00
Open:Rs 72.00
Low:Rs 72.00
High:Rs 72.00
Last Trade:Rs 72.00
Volume:2,000

Accord Synergy IPO News Alerts

  1. Thursday, July 6, 2017 12:00:00 AM
    Accord Synergy Ltd IPO - Listing
  2. Wednesday, June 28, 2017 12:00:00 AM
    Accord Synergy Ltd IPO - Close
  3. 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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110. STOCKT  Jul 12, 2017 10:42:36 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
They have business with network operator. It''s not worth looking at this. Stock will be below 60 rs soon
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110.1. Ankur Bhanawat  Aug 22, 2017 11:26:50 PM IST I Like It. 1 | Report Abuse
Pls help me i m stuck at 75 level with 2 lot can average also
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109. PAPU  Jul 26, 2017 10:50:09 AM IST I Like It. 3 | Report Abuse Reply
BUY AT CURRENT PRICE IT MAY CROSS 150 IN NEXT 15 DAYS STRONG NEWS

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109.2. ShareMaster  Jul 27, 2017 10:49:24 AM IST I Like It. 1 | Report Abuse
Sell
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109.3. jayant Vallabhdas Tank  Aug 11, 2017 6:29:20 PM IST I Like It. | Report Abuse
Hello Papuji ,
your message shown @ 26th July about forecast about cross of rs. 150 within 15 days ,
but , its cross level of issue price too ,,,and share can easy get under price of Rs. 60 /-

That''s why its call STOCK MARKET ,, NO ONE PERFECT FOR FORECAST ,,,,

Best Rgds
Jayant Tank
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108. ShareMaster  Jul 31, 2017 11:25:59 PM IST I Like It. 7 | Report Abuse Reply
Price goes to below 60..... Now can buy within 10 days price move till 82 only few days...
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108.4. STOCKT  Aug 2, 2017 5:20:56 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
get ur eye sight checked its up 3 pc after falling more than 40 pc. by the way how much profit u made hahahahaha

its a looser stock already
avatar
108.5. STOCKT  Aug 4, 2017 12:53:46 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
HAHAH

GADI CHHUTH NA JAYE.

BAD GADI KA TYRE PUNCTURE HOGAYA LAGTA HAI.

DOWN 5 PC
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107. Prabhakaran Kuppusamy  Jun 20, 2017 12:06:25 PM IST I Like It. 3 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Pros:
ROE and ROCE are 160% and 51% - which I have never seen anywhere. It''s simply awesome (for Mar''16).
Price/Earning (or EPS) is 7x.
Business is in expansion mode and lot of recruitment is happening. They almost tripled the workforce in FY16 and FY17. So we can see the ROE growing further.
Led by Hem. 6 out of last 6 issues lead by Hem gave positive listing; 5 of them (which got subscribed more than 20x) locked at 20% on listing.
5.8 crore issue.

Cons:
Cash-flow is negative every fiscal (but the flow is getting reduced - which could be a good sign though).
Profit and sales are stagnated for FY16 and FY17.
Debt/Equity was 18.04 (Mar15), 5.26 (Mar16) and 3 at present (it''s relatively good sign that DE ratio is coming down - still it is not acceptable).
Price/Book value is ~3 - which is on higher side for this industry.

After all, I''m slightly positive on this issue (because the PE ratio of 7 is very attractive - but the PB of 3 is expensive and also tells us how bad is their balance-sheet).
So, if this issues is also subscribed more than 20x (and there is participation from QIB), SUBSCRIBE to this issue (for listing gains). Otherwise it''s an avoid.
As the issue is very small, I''m guessing that it will be subscribed more than 40x.
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107.1. NRNI  Jul 27, 2017 8:43:48 PM IST I Like It. 1 | Report Abuse
Dear Prabhakaran,
Could you please help me out, What Happened ACCORD and Why price get down deeply… IS There any specific reason and impact on share price.

Accord oversubscribed more than 140 times and now SP is no response.
Thanks for your valuable advise/comments.

Regards,
Nagarajan T
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106. ShareMaster  Jul 27, 2017 10:47:20 AM IST I Like It. 2 | Report Abuse Reply
Sell at current price Bad news will come soon.......... Tgt-40
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105. NRNI  Jul 23, 2017 1:33:45 PM IST I Like It. 2 | Report Abuse Reply
What Happened… Why Accord price get down… There is any specific reason and impact on share price.

Accord oversubscribed more than 140 times and now SP is no response.

Thanks for your valuable advise/comments.
avatar
104. jayant Vallabhdas Tank  Jul 17, 2017 9:10:19 AM IST I Like It. | Report Abuse Reply
Security-wise Delivery Position (14JUL2017)
Quantity Traded      34,000
Deliverable Quantity (gross across client level)      28,000
% of Deliverable Quantity to Traded Quantity      82.35 %Value at Risk (VaR in %)
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103. LatestNews  Jul 11, 2017 10:43:45 PM IST I Like It. 3 | Report Abuse Reply
Took a position today @ 70. I feel the beating is done. For an ipo where only 2000 shares were sold on 72 on listing day there seems to be selling pressure and no conviction to hold on.
I personally feel being in the telecom space where data usage, client additions, smart cities coming up this can be a major beneficiary.
Opportunity size is huge here and if accord can exploit it it can be a horse for the longer run.
Nothing is cheap in this market and here you have a company quoting at 8 times.
Nothing to loose I suppose. But market is king.
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103.2. Prabhakaran Kuppusamy  Jul 12, 2017 1:25:18 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
As long as QIBs/HUFs (like ATUL BABUBHAI has 54k+26k ) holding shares of Accord, I don''t see Accord going below its issue price. I have placed a buy call at 64.05 - just missed and then stock shot up to 73 (as I mentioned earlier - fair price of Accord is 78)
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103.3. LatestNews  Jul 12, 2017 9:23:31 PM IST I Like It. | Report Abuse
Great turn around today. It just looks cheap and opportunity size for the company is too huge to ignore as Septa has pointed out india is a billion people country.
Would hold on for a while. Probably till year end results are out and then take a decision.
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102. jkmittal  Jul 12, 2017 11:48:41 AM IST I Like It. | Report Abuse Reply
Promoter cost is 0.04 only.
Sell it.
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101. jayant Vallabhdas Tank  Jul 11, 2017 6:12:22 PM IST I Like It. | Report Abuse Reply
As on 11/07/2017 ( Trade quantity increase 48.94 % to 72.36 % ) But Quantity trade less 2,46,000 from 2,82,000 compare to 10/07/2017

Quantity Traded      2,46,000
Deliverable Quantity (gross across client level)      1,78,000
% of Deliverable Quantity to Traded Quantity      72.36
avatar
100. jayant Vallabhdas Tank  Jul 11, 2017 9:59:05 AM IST I Like It. | Report Abuse Reply
As on 10/07/2017
Quantity Traded      2,82,000
Deliverable Quantity (gross across client level)      1,38,000
% of Deliverable Quantity to Traded Quantity      48.94 %
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99. KartiKey  Jul 10, 2017 8:35:49 PM IST I Like It. | Report Abuse Reply
KAL PHIR CIRCUIT LAG SHAKTI HAI.....!

111.72 SURELY COMES .. DON''T PANIC , HOLD TIGHT.
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98. gala  Jul 10, 2017 2:53:06 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
NSE site issues .... Any update on Accord ?
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98.3. jkmittal  Jul 10, 2017 5:08:54 PM IST I Like It. | Report Abuse
Showing wrong quote
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98.4. gala  Jul 10, 2017 5:28:58 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I jst felt that it was wrong of selling by lead manager ..... And it went that way nnly ..... Strategy is I feel now it should stay stable ..... May not advise to take risk and those having at 60 issue price I feel selling is good ... Many of retailers were trapped thy thgt that this will go focus way bt things changed .....
Don''t buy is the call and if u have bought at higher levels don''t sell in panic as today I felt maybe there were issues in buying NSE site actually did nt work soo
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97. jayant Vallabhdas Tank  Jul 10, 2017 12:08:45 PM IST I Like It. | Report Abuse Reply
As on 7/7/2017 for Accord Synergy Ltd. ,,,
Quantity Traded      8,28,000
Deliverable Quantity (gross across client level)      5,10,000
% of Deliverable Quantity to Traded Quantity      61.59 %
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96. pin  Jul 9, 2017 11:28:22 AM IST I Like It. | Report Abuse Reply
so now what should i do on monday???? shouil i exit or hold?????
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94. gala  Jul 8, 2017 9:49:22 AM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
On Monday I feel it will be high if it is a circuit don''t sell ..... I srsly can''t say .... On my part it is nt a good sign hem selling shares as this could be easily 100% return candidate seeing subscription .....
Source is bulk deals in NSE
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94.1. Kartik k mehta  Jul 8, 2017 2:34:45 PM IST I Like It. | Report Abuse
Thanks, Hopeing that circuit will continue on Monday and Tuesday also....
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94.2. goldcoin  Jul 8, 2017 3:31:11 PM IST I Like It. 1 | Report Abuse
yes ,u r right it may test 140-150
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93. gala  Jul 7, 2017 9:05:03 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Lead manager has sold almost 1 lakh shares ..... Now what does this Say ?
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93.2. goldcoin  Jul 8, 2017 9:39:33 AM IST I Like It. | Report Abuse
galaji
source please
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93.3. gala  Jul 8, 2017 9:50:51 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
On Monday I feel it will be high if it is a circuit don''''t sell ..... I srsly can''''t say .... On my part it is nt a good sign hem selling shares as this could be easily 100% return candidate seeing subscription .....
Source is bulk deals in NSE
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92. gala  Jul 7, 2017 10:35:37 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
After getting 150 x oversubscribed and 72 % with promoter it cannot have Soo much volume ..... And Soo much of hands change ......
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92.2. jkmittal  Jul 7, 2017 5:16:42 PM IST I Like It. | Report Abuse
510000 deliverable quantity today.
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92.3. gala  Jul 7, 2017 6:13:13 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
we may get idea after seeing bulk deals ....
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91. SecTheta  Jul 7, 2017 2:33:45 PM IST I Like It. | Report Abuse Reply
Another "focus"?
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