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AccelerateBS India IPO is a fixed price issue of Rs 5.69 crores. The issue is a combination of fresh issue of 1.89 lakh shares aggregating to Rs 1.70 crores and offer for sale of 4.43 lakh shares aggregating to Rs 3.99 crores.
AccelerateBS India IPO bidding started from July 6, 2023 and ended on July 11, 2023. The allotment for AccelerateBS India IPO was finalized on Friday, July 14, 2023. The shares got listed on BSE SME on July 19, 2023.
AccelerateBS India IPO price is ₹90 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹288,000.
Shreni Shares Limited is the book running lead manager of the AccelerateBS India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for AccelerateBS India IPO is Shreni Shares.
Refer to AccelerateBS India IPO RHP for detailed information.
| IPO Date | July 6, 2023 to July 11, 2023 |
| Listing Date | July 19, 2023 |
| Face Value | ₹10 per share |
| Price | ₹90 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 632,000 shares (aggregating up to ₹5.69 Cr) |
| Fresh Issue | 188,800 shares (aggregating up to ₹1.70 Cr) |
| Offer for Sale | 443,200 shares of ₹10 (aggregating up to ₹3.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,960,000 |
| Share holding post issue | 2,148,800 |
| Market Maker portion | 33,600 shares Shreni Shares |
AccelerateBS India IPO offers 632,000 shares. 299,200 (47.34%) to NII, 299,200 (47.34%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 33,600 (5.32%) |
| Other Shares Offered | 299,200 (47.34%) |
| Retail Shares Offered | 299,200 (47.34%) |
| Total Shares Offered | 632,000 (100%) |
AccelerateBS India IPO opens on July 6, 2023, and closes on July 11, 2023.
| IPO Open Date | Thursday, July 6, 2023 |
| IPO Close Date | Tuesday, July 11, 2023 |
| Basis of Allotment | Friday, July 14, 2023 |
| Initiation of Refunds | Monday, July 17, 2023 |
| Credit of Shares to Demat | Tuesday, July 18, 2023 |
| Listing Date | Wednesday, July 19, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 11, 2023 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
| Lot Size Calculator | |||
Mr. Keyur Dipakkumar Shah and Mr. Kunal Arvind Shah are the Promoters of the Company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 70.59% |
Incorporated in 2022, AccelerateBS India Limited is a Digital Technology Services company. It offers many boutique technology services to both B2B and B2C companies worldwide.
The services of the company include:
AccelerateBS India is a specialized entity, and it has built 100% in-house capabilities across DXP platforms like Optimizely, Crownpeak, Contentful, and Strapi, some of the industry-leading enterprise DXP platforms we specialize in.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 125.10 | 493.35 | 68.35 | 53.05 | |
| 31-Mar-21 | 180.95 | 451.92 | 42.53 | 102.46 | 24.00 |
| 31-Mar-22 | 200.65 | 355.69 | 25.91 | 111.03 | 45.34 |
| 31-Jan-23 | 283.25 | 164.92 | 26.22 | 205.42 | 33.82 |
| Amount in ₹ Lakhs | |||||
The market capitalization of AccelerateBS India IPO is Rs 19.34 Cr.
| KPI | Values |
|---|---|
| ROE | 15.80% |
| ROCE | 19.44% |
| Debt/Equity | 0.16 |
| RoNW | 12.77% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.38 | |
| P/E (x) | 27.27 |
The Company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its bottom line for 10M- FY23 raise eyebrows and concern over the sustainability going forward. Based on such super earnings, the issue appears aggressively priced while based on its track records so far, the issue is exorbitantly priced. Tiny equity capital post-IPO indicates a longer gestation period for migration to the mainboard. There is no harm in skipping this pricey issue. Read detail review...
The AccelerateBS India IPO is subscribed 49.19 times on July 11, 2023 7:02:00 PM. The public issue subscribed 59.11 times in the retail category, times in the QIB category, and 39.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 39.25 |
| Retail | 59.11 |
| Total | 49.19 |
Total Application : 12,144 (64.94 times)
| Listing Date | July 19, 2023 |
| BSE Script Code | 543938 |
| NSE Symbol | |
| ISIN | INE0POP01017 |
| Final Issue Price | ₹90 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹90.00 |
| ₹109.50 |
| ₹109.50 |
| ₹114.97 |
| ₹114.97 |
AccelerateBS India Limited
Office 604, Quantum Tower,
Off S.V. Road, Ram Baug, Malad West,
Mumbai – 400 064
Phone: +91 96536 51592
Email: investors@acceleratebs.com
Website: http://www.acceleratebs.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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AccelerateBS India IPO is a SME IPO of 632,000 equity shares of the face value of ₹10 aggregating up to ₹5.69 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600 Shares.
The IPO opens on July 6, 2023, and closes on July 11, 2023.
Bigshare 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 AccelerateBS India IPO using UPI as a payment gateway. Zerodha customers can apply in AccelerateBS India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AccelerateBS India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AccelerateBS India IPO opens on July 6, 2023 and closes on July 11, 2023.
AccelerateBS India IPO lot size is 1600 Shares, and the minimum amount required is ₹144,000.
You can apply in AccelerateBS India IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for AccelerateBS India IPO will be done on Friday, July 14, 2023, and the allotted shares will be credited to your demat account by Tuesday, July 18, 2023. Check the AccelerateBS India IPO allotment status.
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