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 DateJun 29, 2017 - Jul 5, 2017
Issue TypeFixed Price Issue IPO
Issue Size1,800,000 Eq Shares of ₹10
(aggregating up to ₹7.20 Cr)
Face Value₹10 Per Equity Share
IPO Price₹40 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME

Ace Integrated Solutions IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)

Ace Integrated Solutions IPO Subscription Status (Bidding Detail)

Ace Integrated Solutions IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time







Shares Offered







Jul 5, 2017 17:00

Ace Integrated Solutions IPO Prospectus

Ace Integrated Solutions IPO Rating

Rating:Rated 3.3 stars

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Ace Integrated Solutions IPO Listing Date

Listing DateThursday, July 13, 2017
BSE Script Code
Listing In
IPO Price₹40 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price:₹40.00
Last Trade:₹39.55

Ace Integrated Solutions IPO Reviews / Ratings

Company Contact Information

Ace Integrated Solutions Ltd
B-13 DSIDC Complex,
Functional Industrial Estate,
Indl. Area Patparganj, New Delhi – 110092

Phone: +91-11-22162970

Ace Integrated Solutions IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200

Ace Integrated Solutions IPO FAQs

  1. 1. What is Ace Integrated Solutions IPO?

    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 price of the IPO is ₹40 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Ace Integrated Solutions IPO will open?

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

  3. 3. How to apply for Ace Integrated Solutions IPO?

    Ace Integrated Solutions IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Ace Integrated Solutions IPO allotment?

    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.

  5. 5. When is Ace Integrated Solutions IPO listing date?

    The Ace Integrated Solutions IPO listing date is on Thursday, July 13, 2017, at NSE SME.
  6. 6. What is the lot size of Ace Integrated Solutions IPO?

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

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Ace Integrated Solutions IPO Review / Comments

24. DEEPAK KEDIA  Jul 24, 2017 09:03
any 1 can share TTL listing date please ?
23. Kick  Jul 18, 2017 10:53
Any suggestion Speta / Chem Cho... i have sold 2 application @ 689.. still holding 1 lot and purchased share at 100 @ 650... Hold or sell?
dilip jain
22. dilip jain  Jul 12, 2017 07:32
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
Prabhakaran Kuppusamy
22.1. Prabhakaran Kuppusamy  Jul 13, 2017 12:41
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
22.2. STOCKT  Jul 13, 2017 20:19
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 09:04
Listing today 13/07/2017
dilip jain
20. dilip jain  Jul 12, 2017 19:17
kindly give your comments on my msg prabhakaran ji
19. P.Jadeja  Jul 6, 2017 16:06
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.
Prabhakaran Kuppusamy
19.1. Prabhakaran Kuppusamy  Jul 11, 2017 19:07
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).
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 13:14
will ACE list in positive or negative ? Please share views
17. namra  Jul 6, 2017 23:33
Don''t worry give return
Prabhakaran Kuppusamy
16. Prabhakaran Kuppusamy  Jul 5, 2017 14:51
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
Prabhakaran Kuppusamy
16.1. Prabhakaran Kuppusamy  Jul 5, 2017 14:55
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 15:31
I agree, its surprising and because of this I was confused whether to apply or not.
15. TOPS  Jul 5, 2017 13:36
Vikram Kumar Shah
14. Vikram Kumar Shah  Jul 4, 2017 19:42
Avoid this issue and don''t fall trap on this issue..all reviews against it...
farhan ahmed
13. farhan ahmed  Jun 29, 2017 17:28
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 10:56
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
vishal soni
11. vishal soni  Jun 28, 2017 21:17

🏗 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.
VK delhi
10. VK delhi  Jun 28, 2017 11:32
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.
VK delhi
9. VK delhi  Jun 28, 2017 11:25
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.
Prabhakaran Kuppusamy
8. Prabhakaran Kuppusamy  Jun 27, 2017 19:33
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.
Prabhakaran Kuppusamy
7. Prabhakaran Kuppusamy  Jun 27, 2017 19:31
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
Prabhakaran Kuppusamy
6. Prabhakaran Kuppusamy  Jun 27, 2017 19:31
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
Prabhakaran Kuppusamy
5. Prabhakaran Kuppusamy  Jun 27, 2017 19:31
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Cash flow analysis ( 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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