Acropetal Technologies Ltd IPO (Acropetal IPO) Detail

Feb 21, 2011 - Feb 24, 2011

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.

Acropetal IPO Details

IPO Date Feb 21, 2011 to Feb 24, 2011
Listing Date Mar 10, 2011
Face Value ₹10 per share
Price ₹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

QIB Shares Offered9,659,091 (50.00%)
NII (HNI) Shares Offered2,897,727 (15.00%)
Retail Shares Offered6,761,363 (35.00%)
Total Shares Offered19,318,181

Acropetal IPO Lot Size

The Acropetal IPO lot size is 60 shares.

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

Company Financials

ParticularsFor the year/period ended (in Rs. Lacs)
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

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 Feb 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)

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

Rating:Rated 3.6 stars
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Acropetal IPO Listing Details

Listing Date Mar 10, 2011
BSE Script Code 533330
ISIN INE055L01013
Final Issue Price ₹90 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Company Contact Information

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: http://www.sharexindia.com

Acropetal IPO Analysis

Acropetal IPO Recommendation Summary

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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 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 .

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 Mar 10, 2011.
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Acropetal IPO Message Board

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278. Ravi, Bangalore |   Link |Mar 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 |Mar 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 |Mar 17, 2011 1:01:00 PM
If i have no application no. then how can see my allotment in SBI BOND
275. Amitipo |   Link |Mar 16, 2011 6:09:06 PM
i got interest in my sbi account on bond.rs 545/100000
274. Lost in Market |   Link |Mar 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 |Mar 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 |Mar 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 |Mar 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 |Mar 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 |Mar 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.

268. newtrader |   Link |Mar 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 |Mar 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 |Mar 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 |Mar 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 |Mar 10, 2011 7:54:01 PM (500+ Posts)
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 |Mar 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 |Mar 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 |Mar 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 |Mar 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 |Mar 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