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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

Ace Integrated Solutions IPO Details

IPO Opening Date Jun 29, 2017
IPO Closing Date Jul 5, 2017
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹40 per equity share
Market Lot 3000 Shares
Min Order Quantity 3000 Shares
Listing At NSE SME
Issue Size1,800,000 Eq Shares of ₹10
(aggregating up to ₹7.20 Cr)

Ace Integrated Solutions IPO Lot Size

The Ace Integrated Solutions IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 3000 ₹120,000
Maximum 1 3000 ₹120,000

Ace Integrated Solutions IPO Review

Investors may consider moderate investment for long term in Ace Integrated NSE SME IPO. Read detail review...

Ace Integrated Solutions IPO Subscription Status (Bidding Detail)

The Ace Integrated Solutions IPO is subscribed times on 7/5/2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Ace Integrated Solutions IPO Prospectus

Ace Integrated Solutions IPO Rating

71
3.3
Rating:Rated 3.3 stars
Vote Here ...

Ace Integrated Solutions IPO Listing Date

Listing Date Thursday, July 13, 2017
BSE Script Code
NSE Symbol ACEINTEG
Listing In
ISIN INE543V01017
IPO Price ₹40 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹40.00
Open: ₹38.90
Low: ₹38.90
High: ₹41.80
Last Trade: ₹39.55

Company Contact Information

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

Ace Integrated Solutions IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Ace Integrated Solutions IPO Reviews / Ratings

Ace Integrated Solutions IPO FAQs

Ace Integrated Solutions IPO is a SME IPO of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹7.20 Crores. The issue is priced at ₹40 per equity share. The minimum order quantity is 3000 Shares.

The IPO opens on Jun 29, 2017, and closes on Jul 5, 2017.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Ace Integrated Solutions IPO opens on Jun 29, 2017 and closes on Jul 5, 2017.

Ace Integrated Solutions IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

You can apply in Ace Integrated Solutions 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Ace Integrated Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ace Integrated Solutions IPO allotment status.

The Ace Integrated Solutions IPO listing date is on Thursday, July 13, 2017.

Ace Integrated Solutions IPO Message Board

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29 Comments

24. DEEPAK KEDIA |Jul 24, 2017 10:03:51 AM
any 1 can share TTL listing date please ?
23. Kick |Jul 18, 2017 11:53:31 AM
Any suggestion Speta / Chem Cho... i have sold 2 application @ 689.. still holding 1 lot and purchased share at 100 @ 650... Hold or sell?
22. dilip jain |Jul 12, 2017 8:32:57 AM
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
22.1. Prabhakaran Kuppusamy |Jul 13, 2017 1:41:21 PM
Top Contributor Top Contributor (400+ Posts, 300+ 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
22.2. STOCKT |Jul 13, 2017 9:19:26 PM
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.
21. P.Jadeja |Jul 13, 2017 10:04:55 AM
Listing today 13/07/2017
20. dilip jain |Jul 12, 2017 8:17:38 PM
kindly give your comments on my msg prabhakaran ji
19. P.Jadeja |Jul 6, 2017 5:06:36 PM
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.
19.1. Prabhakaran Kuppusamy |Jul 11, 2017 8:07:16 PM
Top Contributor Top Contributor (400+ Posts, 300+ 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)
18. P.Jadeja |Jul 11, 2017 2:14:21 PM
will ACE list in positive or negative ? Please share views
17. namra |Jul 7, 2017 12:33:39 AM
Don''t worry give return
16. Prabhakaran Kuppusamy |Jul 5, 2017 3:51:19 PM
Top Contributor Top Contributor (400+ Posts, 300+ 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
16.1. Prabhakaran Kuppusamy |Jul 5, 2017 3:55:57 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Based on subscription figures, this IPO is avoided by retail investors but heavily subscribed by bigger ones.
16.2. learningStockMarket |Jul 5, 2017 4:31:20 PM
I agree, its surprising and because of this I was confused whether to apply or not.
15. TOPS |Jul 5, 2017 2:36:26 PM
BIG AVOID INSTEAD BUY QLTY STOCK FROM MKT AT LESSER P/E
14. Vikram Kumar Shah |Jul 4, 2017 8:42:14 PM
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
13. farhan ahmed |Jun 29, 2017 6:28:19 PM
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
12. sarvesh |Jun 29, 2017 11:56:30 AM
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
11. vishal soni |Jun 28, 2017 10:17:41 PM
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.
10. VK delhi |Jun 28, 2017 12:32:01 PM
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.
9. VK delhi |Jun 28, 2017 12:25:50 PM
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.
8. Prabhakaran Kuppusamy |Jun 27, 2017 8:33:01 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
This SME-IPO is a laughingstock.
It is not worth discussing about.
It''s a clear AVOID.
7. Prabhakaran Kuppusamy |Jun 27, 2017 8:31:51 PM
Top Contributor Top Contributor (400+ Posts, 300+ 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
6. Prabhakaran Kuppusamy |Jun 27, 2017 8:31:25 PM
Top Contributor Top Contributor (400+ Posts, 300+ 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
5. Prabhakaran Kuppusamy |Jun 27, 2017 8:31:09 PM
Top Contributor Top Contributor (400+ Posts, 300+ 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