Incorporated in 2001, Acropetal Technologies Ltd is mid-tier IT services and products firm which offers Information Technology (IT) outsourcing services to clients in Engineering Design Services, Healthcare, and Energy and Environment sectors.
Acropetal offers Engineering Design Services to reduce product design cycle time and costs. The services include concept design, product design & development, advanced analysis, reliability engineering and value engineering. Other services are product quality improvement, idea generation, product teardown, material cost out, product re-design, back office support to accomplish 2D Drawings, Data Conversion and 3D Modeling.
Acropetal Technologies headquartered in Bangalore, the silicon valley of India. They also have presence in Dubai, UAE, through subsidiary Vision Info Inc. Company intends to set up new Software Development Center cum Corporate Office in Bangalore and also expand its geographical presence in the US, UK, Middle east and South East Asia by setting up offices.
Mr. D. Ravi Kumar, aged 42 years, is the Promoter and Chairman & Managing Director of the Company.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
| 31-Dec-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 10,637.45 | 10,808.51 | 9,280.49 | 5,970.03 | 4,093.65 | 709.71 |
| Profit After Tax (PAT) | 1813.26 | 1,955.09 | 1,658.58 | 1,306.37 | 1,277.59 | 250.89 |
The objects of the Issue are:
1. To finance the funds required for potential acquisitions;
2. To set up a Software Development Center cum Corporate Office at Hosur Road, Bangalore;
3. Expansion & Establishment of overseas offices;
4. Part Repayment of Term Loans;
5. Additional Working Capital requirements;
6. General Corporate Purposes;
7. Meeting public Issue expenses.
| IPO Opening Date | Feb 21, 2011 |
| IPO Closing Date | Feb 24, 2011 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹88 to ₹90 per equity share |
| Market Lot | 60 Shares |
| Min Order Quantity | 60 Shares |
| Listing At | BSE, NSE |
| Issue Size | 18,888,889 Eq Shares of ₹10 (aggregating up to ₹170.00 Cr) |
The Acropetal IPO market lot size is 60 shares. A retail-individual investor can apply for up to 37 lots (2220 shares or ₹199,800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 60 | ₹5,400 |
| Maximum | 37 | 2220 | ₹199,800 |
ICRA has assigned an IPO Grade 3 to Acropetal Technologies Ltd IPO. This means as per ICRA, company has 'Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the ICRA IPO Grading Document for Acropetal Technologies Ltd.
Acropetal Technologies Ltd IPO, Acropetal Technologies IPO, Acropetal IPO Bidding, Acropetal Technologies IPO Allotment Status,Acropetal Technologies IPO drhp and Acropetal Technologies IPO listing.
The Acropetal IPO is subscribed 1.28x times on Feb 24, 2011 17:00. The public issue subscribed 1.21x in the retail category, 1.12x in the QIB category, and 2.00x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 1.12x |
| NII | 2.00x |
| RII | 1.21x |
| Total | 1.28x |
| Listing Date | Thursday, March 10, 2011 |
| BSE Script Code | 533330 |
| NSE Symbol | ACROPETAL |
| Listing In | B |
| ISIN | INE055L01013 |
| IPO Price | ₹90 per equity share |
| Face Value | ₹10 per equity share |
|
|
|
Acropetal Technologies Ltd
2/10, 3rd Floor, Ajay Plaza,
1st Main, N.S. Palya, Bannerghatta Rd,
Bangalore – 560 076, Karnataka
Phone: + 91-80-4155 9501/02
Email: ipo@acropetal.com
Website: http://www.acropetal.com
Sharex Dynamic (India) Pvt Ltd
Unit 1, Luthra Ind. Premises,
Safed Pool, Andheri - Kurla Road,
Andheri (East), Mumbai - 400 072
Phone: +91- 22 - 2851 5606
Email: atl.ipo@sharexindia.com
Website: http://www.sharexindia.com
Acropetal IPO is a main-board IPO of 18,888,889 equity shares of the face value of ₹10 aggregating up to ₹170.00 Crores. The issue is priced at ₹88 to ₹90 per equity share. The minimum order quantity is 60 Shares.
The IPO opens on Feb 21, 2011, and closes on Feb 24, 2011.
Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Acropetal IPO opens on Feb 21, 2011 and closes on Feb 24, 2011.
Acropetal IPO lot size is 60 Shares and the minimum order quantity is 60 Shares.
You can apply in Acropetal 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 Acropetal IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Acropetal IPO allotment status.
Useful Articles
Compare Share Broker in India
Download Our Mobile App
Visit our other websites
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Account Best Broker for Beginners More Reports...Reviews (Discount Broker)
Zerodha (₹20/trade) Edelweiss (₹10/trade) Upstox (₹20/trade) 5paisa (₹20/trade) ProStocks (₹899 Unlimited) More Brokers...Reviews (Full-service)
ICICI Direct Motilal Oswal HDFC Sec Sharekhan IIFL Securities More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Trading Homepage
Options Overview
Benefits & Risks of Options
Options Pricing
Options Trading FAQs
Options Trading Glossary
Broker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaBest of
NRI Homepage
Best NRI Trading Account
Best NRI 3-in-1 Account
Top 10 Discount Brokers
Top 10 Full-Service Brokers
NRI Trading Guide
Trading Account Basics Trading Requirements Demat Account Explained USA NRI Trading Account Trading in Derivatives More Articles...History of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc
IPO Mentor (900+ Posts, 600+ Likes)
Top Contributor (400+ Posts)
I think its financials cannot be trusted. It could fall down to 40, 11 and then below Rs.10.