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Acropetal Technologies Ltd IPO (Acropetal IPO) Detail

February 21, 2011 - February 24, 2011

Acropetal IPO is a book built issue of Rs 170.00 crores.

Acropetal IPO bidding started from February 21, 2011 and ended on February 24, 2011. The shares got listed on BSE, NSE on March 10, 2011.

Acropetal IPO price band is set at ₹88 to ₹90 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹5,400.

Saffron Capital Advisors Private Limited is the book running lead manager of the Acropetal IPO, while Sharex Dynamic (India) Pvt Ltd is the registrar for the issue.

Refer to Acropetal IPO RHP for detailed information.

Acropetal IPO Details

IPO Date February 21, 2011 to February 24, 2011
Listing Date March 10, 2011
Face Value ₹10 per share
Price Band ₹88 to ₹90 per share
Lot Size 60 Shares
Total Issue Size18,888,889 shares
(aggregating up to ₹170.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Acropetal IPO Reservation

Acropetal IPO offers 19,318,181 shares. 9,659,091 (50.00%) to QIB, 2,897,727 (15.00%) to NII, 6,761,363 (35.00%) to RII. 112,689 RIIs will receive minimum 60 shares and (sNII) and (bNII) will receive minimum 2,280 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered9,659,091 (50.00%)NA
NII (HNI) Shares Offered2,897,727 (15.00%)
Retail Shares Offered6,761,363 (35.00%)112,689
Total Shares Offered19,318,181 (100%)

Acropetal IPO Lot Size

Investors can bid for a minimum of 60 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 60 ₹5,400
Retail (Max) 37 2220 ₹199,800
Lot Size Calculator

About Acropetal Technologies Ltd

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.

Company Financials

ParticularsFor the year/period ended (in Rs. Lacs)
31-Dec-1031-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income10,637.4510,808.519,280.495,970.034,093.65709.71
Profit After Tax (PAT)1813.261,955.091,658.581,306.371,277.59250.89

Objects of the Issue (Acropetal IPO Objectives)

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.


Acropetal IPO Subscription Status (Bidding Detail)

The Acropetal IPO is subscribed 1.28 times on February 24, 2011 5:00:00 PM. The public issue subscribed 1.21 times in the retail category, 1.12 times in the QIB category, and 2.00 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.12
NII2.00
Retail1.21
Total1.28

Acropetal Technologies Ltd

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 Tags:

Acropetal Technologies Ltd IPO, Acropetal Technologies IPO, Acropetal IPO Bidding, Acropetal Technologies IPO Allotment Status,Acropetal Technologies IPO drhp and Acropetal Technologies IPO listing.

Acropetal IPO Prospectus

Acropetal IPO Rating

173
3.6
Rating:Rated 3.6 stars
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Acropetal IPO Listing Details

Listing Date March 10, 2011
BSE Script Code 533330
NSE Symbol ACROPETAL
ISIN INE055L01013
Final Issue Price ₹90 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹90.00
₹130.00
₹89.00
₹150.00
₹98.45
NSE
₹90.00
₹92.00
₹87.40
₹140.00
₹98.45

Check IPO Performance…

Acropetal Technologies Ltd Contact Details

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

Acropetal IPO Registrar

Sharex Dynamic (India) Pvt Ltd

Phone: +91- 22 - 2851 5606
Email: atl.ipo@sharexindia.com
Website:

Acropetal IPO - Buy or Not

Acropetal IPO Recommendation Summary

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Members 0 0 0

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Acropetal IPO FAQs

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 share. The minimum order quantity is 60 Shares.

The IPO opens on February 21, 2011, and closes on February 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 February 21, 2011 and closes on February 24, 2011.

Acropetal IPO lot size is 60 Shares, and the minimum amount required is ₹5,400.

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, Nuvama, 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.

The Acropetal IPO listing date is on March 10, 2011.
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Acropetal IPO Message Board

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278 Comments

278. Ravi, Bangalore |   Link |  Bookmark |March 28, 2011 11:33:42 AM (300+ Posts)
Acropetal (70)

I think its financials cannot be trusted. It could fall down to 40, 11 and then below Rs.10.
277. rashmika desai |   Link |  Bookmark |March 23, 2011 10:11:56 AM
i bought acropetal on 22/3/2011 Qty:1000 and on next day it was 101.00 , in the upcoming day should it will go up or down plz give me advice
276. Amitipo |   Link |  Bookmark |March 17, 2011 1:01:00 PM
If i have no application no. then how can see my allotment in SBI BOND
275. Amitipo |   Link |  Bookmark |March 16, 2011 6:09:06 PM
Hi
i got interest in my sbi account on bond.rs 545/100000
274. Lost in Market |   Link |  Bookmark |March 14, 2011 2:04:38 PM
@277. Golmaal: May god makes your words true and some day I should be able to operate the market or at least one share. Rest assured that no one will lose if I am operating the stock. At least a poor investor like me will never lose. :-)
273. Golmaal |   Link |  Bookmark |March 14, 2011 1:20:10 PM (900+ Posts, 600+ Likes)
This 'Lost in Market ' is an operator for sure trying
to manipulate retail investors.
272. Lost in Market |   Link |  Bookmark |March 14, 2011 12:13:23 PM
I bought Acropetal at 114. Can it see 165+ in few days. Shud I hold for my target? Pls advise.
271. newtrader |   Link |  Bookmark |March 11, 2011 4:45:27 PM
@SKDASH, Don worry friend. You will be recovered & see profit soon. I pray 4 u. I guess once this earthquake scenario changes, market will bounce back...
270. SkDash |   Link |  Bookmark |March 11, 2011 3:48:16 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
272-new trader
Today was a bad day for me. Yesterday got profit of around 1000 and today both FCL and Sudar was flat for quiet some time and I though it will come to red zone, thats why shorted some shares, when it was up again- i again shorted with the full confidence but finally it was there with son high amount and at the time of closing position- lost a total of Rs 9000-9500. Anyhow- happy to read yr message that god has listened our pray to recover yr loss and with some 1000 profit. Thanks God
269. Gane |   Link |  Bookmark |March 11, 2011 2:50:43 PM (400+ Posts)
All the 3 junk IPOs has given huge profit to the people who has taken risk and lost their sleep for some days. its a good reward for them and they deserve it.

Congratulations to all who booked their profit already.

Gane.
268. newtrader |   Link |  Bookmark |March 11, 2011 11:26:56 AM
@SKDash, Yesterday i told you knw Acropetal, iam having with a loss of 10500, today I sold with a profit of 1100 rupees. I bougth at 115 & sold at 117. Total 550 shares. Thank you...
267. SkDash |   Link |  Bookmark |March 11, 2011 7:35:28 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
267-singhji-it was short selling (delivery sale 1st and then buy) and it is very much allowed. I dont know about other broker-but in my case (karvy) it is allowed but intraday segment is not allowed in my case on the date of listing
266. KK Natarajan |   Link |  Bookmark |March 11, 2011 4:42:56 AM (500+ Posts)
259. Ravi, Bangalore,
Dharwad is a place and Peda is a cake alright. What (or who) is Mishra? The person who is making it?
265. Ipofinder |   Link |  Bookmark |March 10, 2011 9:24:46 PM
See my Post no. 129
It has broken all the records

got opened at 133 and touched the high of 140

For tomorrow, Sudar will give a good return and Finotex will be flop show, People will try to buy finotex considering the size

So Sudar will go up and Finotex will go down

Current GMP:- Sudar buyer at 7 Rs
264. KK Natarajan |   Link |  Bookmark |March 10, 2011 7:54:01 PM (500+ Posts)
SkDash,
I did not apply any of these IPOs. I had applied Omkar and booked loss. Bored of ups and downs in my market experience, I diverted my money for buying a property and so I don't have money now. I just wanted to mark my attendance and so I bought 50 from the market.
263. SKSingh |   Link |  Bookmark |March 10, 2011 6:29:27 PM
dear sk dash

is margin trade allowed in this share. it listed today only.

howis it possible to buy sell same day.
262. newtrader |   Link |  Bookmark |March 10, 2011 5:06:07 PM
@SKDash, Thanks FRIEND!!! I already convinced my heart & mind for this loss... Only thing is now iam thinking to get these money from other trading. Thats wat am looking now...
261. SkDash |   Link |  Bookmark |March 10, 2011 4:36:41 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
264-so nice wording-want to be yr friend-
what my sixth sense is telling- it will nt go to 87 tomorrow and u will be able to adjust some loss.
Ok, dont be shy for today. will meet you tomorrow-leaving office
260. newtrader |   Link |  Bookmark |March 10, 2011 4:05:55 PM
@SKDash, Thanks for your Info. I'm praying a lot atleast my loss shd be minimum.Since, iam new to trading, I thought to sell tomo & buy new shares to get my lost money back. I dont know wat to buy? watever i buy, i'm not gettin any profit. My bad luck...
259. SkDash |   Link |  Bookmark |March 10, 2011 3:49:09 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
262-new trader-
total investment-115x550=63250
cmp= 96.8
loss(nominal)=(115-96.80)x550 =10010 (excluding brokerage)

what i will suggest for you- keep a stop loss of 10% below the todays closing price (i.e. 87) and if comes down to 87, sell it and forget the loss of Rs 15000. Anyhow today u have the nominal loss of Rs 10000. But if it will come to 100-105-110- sell 50-50 shares at each high value so that yr loss will be minimum and may be 50-100 shares u can keep lastly to make yr loss zero or to make some profit.

Praying god for you atleast to make yr loss zero. This is what i would have done if i was in yr position