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Incorporated in 2007, Ace Tours Worldwide Ltd (ATWL) is in the business of providing the travel and leisure services. They made the custom trips as per their client’s requirement. They provide the entire gamut of activities associated with holidays like ticketing, local travel arrangement, hotel bookings, etc under one roof. With its continued services the company won many accolades such as recognition as an approved tour operator for excellent co-operation and service by the Ministry of Tourism, Government of India.
They provide the following travel and leisure services to their clients:
1. International Tours
a. Individual Tours
b. Group Tours
2. Domestic Tours
a. Individual Tours
b. Group Tours
3. MICE (Meetings, Incentives, Conferences and Exhibitions)
4. Cruises
5. Other special planned trips
a. Honeymoon trips
b. School trips
c. Business / Conventional trips
d. Conference / Trade Fairs / Exhibitions
6. Travel Bookings
a. Air tickets
b. Railway tickets
7. Hotel bookings (worldwide)
8. Rent-a-Car facility
9. Visa Processing
The promoters of the company are:
1. Mr. Raju Jashwantlal Choksi
2. Mr. Bharat Jashwantlal Choksi
3. Mr. Jayesh Jashwantlal Choksi
4. Mr. Mayank Anil Choksi
The objects of the Issue are:
1. Brand Building Exercise
2. Part Funding working capital requirements, and
3. Meeting Public Issue Expenses.
| IPO Opening Date | Sep 9, 2013 |
| IPO Closing Date | Sep 12, 2013 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹16 per equity share |
| Market Lot | 8000 Shares |
| Min Order Quantity | 8000 Shares |
| Listing At | BSE SME |
| Issue Size | 5,000,000 Eq Shares of ₹10 (aggregating up to ₹8.00 Cr) |
The Ace Tours Worldwide IPO market lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹128,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹128,000 |
| Maximum | 1 | 8000 | ₹128,000 |
By Dilip Davda on Sept 07, 2013
Earlier this IPO was to open and close on 26.08.13 and 29.08.13, but it has deferred its issue period that has opened for subscription on 06.09.13 and will close on 09.09.13. The company has filed updated prospectus with its working till 31st March 2013 against As per Revised prospectus, for the year ended 31.03.13, the company has posted average EPS of Rs. 0.29 for last three fiscals and for the year ended 31.03.13 its net profit of Rs. 0.15 crore on a turnover of Rs.19.65 crore translates into EPS of Rs. 0.01 on fully diluted equity post this issue and thus its asking price is at 1600| P/E, Other details remains same. I maintain my remarks as SKIP for this IPO.
| Listing Date | Thursday, September 26, 2013 |
| BSE Script Code | 536492 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE926O01019 |
| IPO Price | ₹16 per equity share |
| Face Value | ₹10 per equity share |
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Ace Tours Worldwide Ltd
F-22-23-24, Jolly Arcade,
Ghod Dod Road,
Surat – 395 007, Gujarat
Phone: +91 261 265 6667
Email: ipo@acetours.in
Website: http://www.ace1world.com
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: http://www.satellitecorporate.com
Ace Tours Worldwide IPO is a SME IPO of 5,000,000 equity shares of the face value of ₹10 aggregating up to ₹8.00 Crores. The issue is priced at ₹16 per equity share. The minimum order quantity is 8000 Shares.
The IPO opens on Sep 9, 2013, and closes on Sep 12, 2013.
Satellite Corporate Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Ace Tours Worldwide IPO opens on Sep 9, 2013 and closes on Sep 12, 2013.
Ace Tours Worldwide IPO lot size is 8000 Shares and the minimum order quantity is 8000 Shares.
You can apply in Ace Tours Worldwide 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 Tours Worldwide IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ace Tours Worldwide IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
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Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews