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Ace Integrated Solutions Ltd IPO (Ace Integrated Solutions IPO) Detail

Jun 29, 2017 - Jul 5, 2017

Incorporated in 2016, Ace Integrated Solutions Ltd (AISL) is a India's leading Recruitment & Examination Services Management Company, bringing together the Domain Expertise and innovative skills required for the successful execution of the project every time with highest level of security and customer satisfaction. AISL has over 16000 Sq. Ft. area which is well equipped with the Equipment and machinery required for the execution and production of all the deliverables involved in any of the Recruitment and Examination Project. Its divisions namely “Amety Offset Printers” etc. are completely mapped with the requirements of the execution of the voluminous turnkey projects (Single / Multiple location across India).

The company also offers a range of services namely, On-Line & off line Application Form designing, Barcoding, Collection, Data Capturing & Processing, Designing Printing and Dispatch of Admit Cards, Arrangement of test venues, Designing & printing of OMR answer sheets with security features, Setting, Designing and printing of question booklet as per the required Difficulty Levels and Topics (Technical & Non-Technical), consultancy, Facility Management, Data Base Management Services etc. Over the years, it has successfully implemented large turnkey assignments for various PSUs/State/Central Customers. Top three clients of the company for FY 16 were TCS, CMC and Delhi Metro.

Company Promoters:

The promoters of the company are:

1. Mr. Chandra Shekhar Verma and
2. Mrs. Amita Verma

Objects of the Issue:

The objects of the Issue are:

1. Working Capital requirements;
2. General Corporate Purposes and
3. Issue Expenses

Issue Detail:

  »»  Issue Open: Jun 29, 2017 - Jul 5, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,800,000 Equity Shares of Rs 10 aggregating up to Rs 7.20 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 40 Per Equity Share
  »»  Market Lot: 3000 Shares
  »»  Minimum Order Quantity: 3000 Shares
  »»  Listing At: NSE SME

Ace Integrated Solutions IPO Reviews:

  1. Ace Integrated Solutions 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 29, 2017 17:00 IST02340006000240000
Day 2 - Jun 30, 2017 17:00 IST030900030000339000
Day 3 - Jul 3, 2017 17:00 IST014040001350001539000
Day 4 - Jul 4, 2017 17:00 IST016410002610001902000
Day 5 - Jul 5, 2017 17:00 IST8400019740008310002889000

Ace Integrated Solutions IPO Prospectus

Ace Integrated Solutions IPO Rating

71
3.3
Rating:Rated 3.3 stars

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Ace Integrated Solutions IPO Listing Date

  •   ›  Listing Date: Thursday, July 13, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: ACEINTEG
  •   ›  Listing In:
  •   ›  ISIN: INE543V01017
  •   ›  Issue Price: Rs 40 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 40.00
Open:Rs 38.90
Low:Rs 38.90
High:Rs 41.80
Last Trade:Rs 39.55
Volume:258,000

Ace Integrated Solutions IPO News Alerts

  1. Thursday, July 13, 2017 12:00:00 AM
    Ace Integrated Solutions Ltd IPO - Listing
  2. Wednesday, July 5, 2017 12:00:00 AM
    Ace Integrated Solutions Ltd IPO - Close
  3. Thursday, June 29, 2017 12:00:00 AM
    Ace Integrated Solutions Ltd IPO - Open

Company Contact Information

Ace Integrated Solutions Ltd
B-13 DSIDC Complex,
Functional Industrial Estate,
Indl. Area Patparganj, New Delhi – 110092
Phone: +91-11-22162970
Fax: +91-11-22156374
Email: cs@aceintegrated.com
Website: http://www.aceintegrated.com

Ace Integrated Solutions IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Ace Integrated Solutions IPO Lead Manager(s)

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Ace Integrated Solutions IPO Review / Comments

avatar
23. Kick  Jul 18, 2017 10:53:31 AM IST I Like It. | Report Abuse Reply
Any suggestion Speta / Chem Cho... i have sold 2 application @ 689.. still holding 1 lot and purchased share at 100 @ 650... Hold or sell?
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22. dilip jain  Jul 12, 2017 7:32:57 AM IST I Like It. | Report Abuse Reply
when ace integrated list at nse emerge and can it is go up side or flat i think share is new in terms of business so it shoild be fency for operaters as well as for investors because india is a big country having second largest population in the world hence recruitment service provider company is having large scope
kindly advise if i am correct
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22.1. Prabhakaran Kuppusamy  Jul 13, 2017 12:41:21 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Technically, there is no positivity left in Ace (based on its PE/PB/cash-flow - also its bookvalue got beaten down in last two fiscals) - this is the reason why RIIs are staying away from Ace.
But, because of some reason - this SME is attractive to HUFs and NIIs and they''re buying it in huge quantity.
My prophecy is that, Ace could do well in near-future itself (because of its area of expertise).
We cannot expect it to be another GlobalEducation/QuessCorp - but it should give atleast 25-30% returns every year.
Keep an eye on big-deals happening - so that we can understand the sentiment of big B''s on Ace at https://www.nseindia.com/products/content/equities/equities/bulk.htm
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22.2. STOCKT  Jul 13, 2017 8:19:26 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
no excitement in this stock. it will remain laggard. this should be sold and instead invest in much better sme available in open market with good business.
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21. P.Jadeja  Jul 13, 2017 9:04:55 AM IST I Like It. | Report Abuse Reply
Listing today 13/07/2017
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20. dilip jain  Jul 12, 2017 7:17:38 PM IST I Like It. | Report Abuse Reply
kindly give your comments on my msg prabhakaran ji
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19. P.Jadeja  Jul 6, 2017 4:06:36 PM IST I Like It. | Report Abuse Reply
Hello, Market Gurus,
In SME''s is there a reserve portion like main steam IPO ?
What % is reserve for RII in ACE Integrated Sol
what will be basis of allotment.
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19.1. Prabhakaran Kuppusamy  Jul 11, 2017 7:07:16 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
I''m not a market guru.
But, to answer the question - there is reserved portion for SME IPOs also (but that differs for each and every SME issue; so you should look at RHP of that issue to get exact reservations).
Usually,
1. First will be MarketMaker''s (mostly LeadManager''s portion) portion which usually will be 5% of total issue.
2. Retail portion which will be atleast 50% (mostly it will be set as 50% of total issue)
3. NII+QIB portion will be whatever is left-over on the table by other two categories (therefore usually it will be 45%).

Example Infobeans reserved portion is,
5% for Marketmaker
47% for Retail
38% for QIB
10% is for NII

For Madhav Copper reserved portion is,
5% for Marketmaker
50% for Retail
45% is for NII (QIB is also included as part of NII - no separate category)
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18. P.Jadeja  Jul 11, 2017 1:14:21 PM IST I Like It. | Report Abuse Reply
will ACE list in positive or negative ? Please share views
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17. namra  Jul 6, 2017 11:33:39 PM IST I Like It. 2 | Report Abuse Reply
Don''t worry give return
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16. Prabhakaran Kuppusamy  Jul 5, 2017 2:51:19 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
I couldn''t believe subscription figures of Ace (so far - at 2:40pm - PFB).

RII portion is subscribed one-fourth that of NII''s and Corporates (NII) have subscribed more than individuals (NII).
DFI has subscribed almost equal to MarketMaker''s portion.

Bid Details for ACEINTEG as on 05-Jul-2017 14:40:01 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      84,000
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      84,000
1(c)      Mutual funds      0
1(d)      Others      0
2      Non Institutional Investors      19,02,000
2(a)      Corporates      9,87,000
2(b)      Individuals(Other than RIIs)      9,15,000
2(c)      others      0
3      Retail Individual Investors(RIIs)      5,19,000
3(a)      Cut Off      0
3(b)      Price bids      5,19,000
Total      25,05,000
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16.1. Prabhakaran Kuppusamy  Jul 5, 2017 2:55:57 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Based on subscription figures, this IPO is avoided by retail investors but heavily subscribed by bigger ones.
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16.2. learningStockMarket  Jul 5, 2017 3:31:20 PM IST I Like It. 1 | Report Abuse
I agree, its surprising and because of this I was confused whether to apply or not.
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15. TOPS  Jul 5, 2017 1:36:26 PM IST I Like It. | Report Abuse Reply
BIG AVOID INSTEAD BUY QLTY STOCK FROM MKT AT LESSER P/E
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14. Vikram Kumar Shah  Jul 4, 2017 7:42:14 PM IST I Like It. 1 | Report Abuse Reply
Avoid this issue and don''t fall trap on this issue..all reviews against it...

https://www.youtube.com/watch?v=phJvhN6-3kc&t=200s
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13. farhan ahmed  Jun 29, 2017 5:28:19 PM IST I Like It. 5 | Report Abuse Reply
One of the key clientele of ACE is TCS which shows clearly the deliverable and highest level of ehtics in the company...poised for multi bagger in times to come....No listed peer in this segment hence will get more traction of investor....Go guys go and apply
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12. sarvesh  Jun 29, 2017 10:56:30 AM IST I Like It. 4 | Report Abuse Reply
I suppose the issue price of Rs 40 at around 15 odd PE...the company is unique in the segment of assessment of candidate before recruitment. country with billions of population can give uplift to the future of the company.....If company like quess corp and team lease can trade at around 99 PE and 34 PE then ACE seems to be attractively priced.... No peer comparison hence should give thumb up to ACE IPO
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11. vishal soni  Jun 28, 2017 9:17:41 PM IST I Like It. 1 | Report Abuse Reply
SME IPO

🏗 Pushpanjali Realms & Infratech Ltd IPO (Pushpanjali Realms IPO) Detail 🏢

🌅 Dehradun based real-estate developer, Pushpanjali Realms and Infratech is entering the capital market with its initial public offering. The issue, which will open on June 27, 2017 and will close on June 30, 2017.Pushpanjali Realms proposes to raise Rs 14.55 crores through the issue of 26,46,000 shares of face value of Rs. 10/- each for cash at a price of Rs. 55/- per equity share. The equity shares are proposed to be listed on the Emerge Platform of National Stock Exchange of India Limited (NSE). Sarthi Capital Advisors Pvt Ltd is the sole Lead Manager for the issue.

👤 Deepak Mittal, aged 40 years, is company''s promoter and managing director. Mittal has more than 11 years in hospitality and real estate Industry.

🏘 Pushpanjali enjoys a sizeable and diverse portfolio of projects in Dehradun, Uttarakhand, where it plans to execute residential flats in range of 1BHK, 2BHK, 3 BHK and 4 BHK for customers across all income groups and spread in all over the city. Strategic locations of its projects in high economic growth areas strengthen the stability of its revenues streams and enhances its ability to close financing arrangements for its projects.

🏢🏡🏢Currently, the company has two ongoing projects in Dehradun, one is “Eminent Heights” with total area of 64,800 sq ft and second is “Orchid Park” with total land area of 2,02,500 sq ft. Both these projects have got all required clearances and are likely to be monetised over the next 12 to 18 months.
Pushpanjali has built a strong established brand name in a short-time with a good execution track record

🎢Pushpanjali enjoys a strong financial track record. In the last four years between FY14 to FY17, the company has consistently improved its financial performance IN FY-14, it started with a small revenue base of Rs 1.16 crore which has multiplied over 18x to touch Rs 18.48 crs in December 31, 2016. Likewise, EBIDTA from operations has also grown significantly from Rs 0.03 crs in FY14 to touch Rs 1.35 crore in in December 31, 2016. WHile net profit has grown from a small base from Rs 0.02 crs in FY14 to Rs 1.18 crs in December 31, 2016.

🛣All these improved operational metrics have got reflected in better return ratios of 19% ROCE and 20% ROE for the company as on FY17.

🤠Avinash Goraksakar research head at Joindre Capital says, ''We believe that once the proposed IPO is completed the company’s capital structure will further get a boost with the overall leverage reducing and more equity funds being used for working capital and project financing purposes. Overall we expect the operational return ratios like ROCE and ROE to improve further by FY19 on the back of confirmed visibility of the company’s existing projects which would also clearly reflect in a significant higher Topline and bottomline ahead over the next two years.''

🏘The ‘Affordable Housing for All’ is a critical policy agenda for the present Narendar Modi government. Building of 1.6 million homes was sanctioned in FY14 with a value of Rs. 41,723 crore. Approximately 11 crore houses is estimated to be required by 2022 of which 70% will be in the affordable segment. The potential investment required in this space is US$250 billion per annum as per a KPMG report thus implying a huge opportunity for HFCs focused on LMI segment.

🌉Also, the ‘100 Smart Cities’ government initiative is aimed at reshaping the urban landscape by making cities more affordable and livable. Each city selected under the scheme would be granted Rs. 100cr/year for five years.This presents a huge opportunity for the housing segment and especially for players like Pushpanjali which have positioned themselves very strongly in this segment.
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10. VK delhi  Jun 28, 2017 11:32:01 AM IST I Like It. 1 | Report Abuse Reply
Company is doing business in new segment (recruitment sector). Very few company is there in this segment. Recruitment is going online and this company has presence in all major cities. Good business model.
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9. VK delhi  Jun 28, 2017 11:25:50 AM IST I Like It. 2 | Report Abuse Reply
This is a peer company in this segment and no other company listed in this segment. It may be another Educomp Solutions. Expecting heavy gain on listing.
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8. Prabhakaran Kuppusamy  Jun 27, 2017 7:33:01 PM IST I Like It. 8 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
This SME-IPO is a laughingstock.
It is not worth discussing about.
It''s a clear AVOID.
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7. Prabhakaran Kuppusamy  Jun 27, 2017 7:31:51 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Capital History
Year      Equity Capital       Remarks
201608      5        Bonus Issue
201602      2.5        Bonus Issue
201509      0.25        Bonus Issue
200212      0.01        further allotment
200009      0.0099        further allotment
199707      0.0002        Subscriber to MOA
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6. Prabhakaran Kuppusamy  Jun 27, 2017 7:31:25 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Key operating ratios

Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
EPS(Rs)      5.73      1059.60      1186.70      672.10      247.00
Book value(Rs)      21.25      4053.60      3083.20      1896.50      1224.40
CEPS(Rs)      8.24      1500.00      1350.00      780.00      370.00
NPM(%)      7.01      6.99      8.44      7.07      6.22
OPM(%)      15.50      14.51      12.41      12.04      12.94
ROCE(%)      28.85      35.38      48.33      42.32      25.97
ROE(%)      31.41      29.73      47.79      42.95      20.49
Debt/equity      0.94      0.40      0.32      0.54      0.26
Interest cover      6.24      29.33      19.88      20.40      10.00
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5. Prabhakaran Kuppusamy  Jun 27, 2017 7:31:09 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Cash flow analysis (Rs.in Crs.)
Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
NOPAT      1.75      1.10      1.25      0.70      0.28
Operating cash flow      -1.27      -0.55      3.37      -0.04      0.50
Free cash flow      -0.24      -0.19      4.98      0.60      0.96
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4. Prabhakaran Kuppusamy  Jun 27, 2017 7:30:52 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Key financials (Rs.in Crs.)
Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
Net sales      20.97      15.16      14.10      9.47      4.02
Operating profit      3.25      2.20      1.75      1.14      0.52
Net profit      1.47      1.06      1.19      0.67      0.25
Equity cap pd      2.50      0.01      0.01      0.01      0.01
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