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Ace Tours Worldwide Ltd IPO (Ace Tours Worldwide IPO) Detail

Sep 9, 2013 - Sep 12, 2013

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 clients 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

Company Promoters:

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

Objects of the Issue:

The objects of the Issue are:

1. Brand Building Exercise
2. Part Funding working capital requirements, and
3. Meeting Public Issue Expenses.

Ace Tours Worldwide IPO Details

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 Size5,000,000 Eq Shares of ₹10
(aggregating up to ₹8.00 Cr)

Ace Tours Worldwide IPO Lot Size

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

IPO Notices

External Link

Ace Tour IPO Deferred

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.

Ace Tours Worldwide IPO Prospectus

Ace Tours Worldwide IPO Rating

9
4.6
Rating:Rated 4.6 stars
Vote Here ...

Ace Tours Worldwide IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹16.00
₹24.95
₹24.95
₹24.95
₹24.95

Company Contact Information

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

Ace Tours Worldwide IPO Registrar

Satellite Corporate Services Private Limited

Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: http://www.satellitecorporate.com

Ace Tours Worldwide IPO Reviews / Ratings

Ace Tours Worldwide IPO FAQs

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.

The Ace Tours Worldwide IPO listing date is on Thursday, September 26, 2013.

Ace Tours Worldwide IPO Message Board

Ranked Members  Ranked Members

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4. Dilip Davda |Sep 23, 2013 11:38
WE HAVE ONE MORE SME HIGHLY PRICED IPO FROM SATKAR FINLEASE THAT OPENS ON 25.09.13 AND WILL CLOSE ON 27.09.13. THIS ISSUE IS FOR RS. 13.51 CRORE AND EXHORBITANTLY PRICED HENCE NOT WORTH. PRICED AT RS. 18 FOR ITS LATEST EPS OF JUST RS. 0.01 PER SHARE AND MINIMUM APPLICATION FOR 8000 SHARES

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

3. Dilip Davda |Sep 10, 2013 18:34
We also have SME offer from RJ Biotech for Rs. 5 crore float. Issue opeed on 10.09.13 and will close on 12.09.13. Minimum application is to be made for 6000 shares and in multiples thereof thereafter. Issue is having fixed price of Rs. 20 per share. Risky bet not worth.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

3.1. nokiaA |Sep 11, 2013 09:15
Hi Dilip, could you please advise me as how/where i can apply for this IPO, I mean who is the broker. I hold an demat acc in ICICI Direct.
2. Dilip Davda |Sep 9, 2013 18:41
This company has time and again deferred the issue period. As per latest info, the issue date is changed from 06.09.13 - 09.09.13 to 09.09.13 to 12.09.13. Is SEBI, BSE paying deaf and dumb attitude to this frequent changes in issue timings from this company. Is it permissible for any SME offer to do so???? Can anybody from concerned authority clarify on this???

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

1. Dilip Davda |Sep 5, 2013 16:34
This issue was earlier slated to open between 26.08.13 to 29.08.13, but is now opens between 06.09.13 to 09.09.13. All other matter and my recommendation remains same. On 21.08.13, the original submission of Final prospectus on SEBI web mentioned the old dates which stands revised to new one with the new prospectus uploading for the same date. Even Capital Market web covered the issue opening and closing as per old date and is shown in the closed issue list with the said old dates. This has really surprised one and all for this matter.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews