₹49.92 Crores | Listing at BSE | Mon, Dec 16, 2024 - Fri, Dec 27, 2024
Ace Software Exports Ltd. Rights Issue comprises 0.6400 Cr equity shares aggregating to ₹49.92 Cr, offered at an issue price of ₹78 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Dec 5, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 1.
The term of payment is defined as following : The Issue Price of per Rights Equity Share shall be payable as follows: On Application On one or more subsequent Call(s) as determined by our Board / Rights Issue Committee at its sole discretion, from time to time.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jan 6, 2025.
The Rights Issue opens on Dec 16, 2024, and closes on Dec 27, 2024, with renunciation of Rights Entitlements permitted up to Dec 20, 2024.
The deemed date of allotment is Jan 6, 2025, following which the equity shares are expected to be credited to demat accounts on Jan 9, 2025 and listed at the BSE on Jan 13, 2025.
Vivro Financial Services Pvt.Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Ace Software Exports Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Dec 5, 2024
Entitlement Ratio
1 : 1
Open Date
Mon, Dec 16, 2024
Close Date
Fri, Dec 27, 2024
The Issue Price of per Rights Equity Share shall be payable as follows:
Ace Software Exports Ltd.'s revenue increased by 176.51% and profit after tax (PAT) rose by 4557.23% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 39.52 | 21.05 | 23.31 |
| Revenue | 29.76 | 10.76 | 10.59 |
| Profit After Tax | 5.35 | 0.11 | -0.81 |
| Reserves and Surplus | 23.68 | 15.28 | 1.19 |
| Amount in ₹ Crore | |||
Incorporated in 1994, Ace Software Exports Limited provides outsourcing services to publishers and other organizations.
The company's primary services include the following
Ace Software Exports also offers IT infrastructure solutions such as ERPs, websites, data storage, mobile applications, inventory management tools, and process automation systems.
The Company intends to utilize the Net Proceeds from this Issue towards the following objects:
[Dilip Davda] The company is primarily engaged in the business of document management, digital publishing, data conversion solutions and technology consulting with related services. It was having average performance till FY23. The company gained ground post its recent acquisitions and is now on a fast track mode. The RI is priced very attractively at over 75% discount to its last traded price. Investors may lap it up for medium to long term. Read detail review...
Ace Software Exports Rights Issue 2024 got oversubscribed by 1.77 times by the end of the bidding period with total bid quantity received by BSE of 1,13,55,332 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Dec 27 2024 17:00:00 | 1,13,55,332 | 1.77x |
Ace Software Exports Ltd.
801, Everest Commercial Complex
Opp Shastri Maidan,
Rajkot - 360001, Gujarat
Rajkot, Gujarat, 360001
The Ace Software Exports Rights Issue 2024 opens on Mon, Dec 16, 2024, and closes on Fri, Dec 27, 2024.
Ace Software Exports Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Dec 13, 2024 |
| Last Date for renunciation of Rights Entitlements | Fri, Dec 20, 2024 |
| Issue Opening Date | Mon, Dec 16, 2024 |
| Issue Closing Date | Fri, Dec 27, 2024 |
| Date of Allotment (on or about) | Mon, Jan 6, 2025 |
| Date of Credit (on or about) | Thu, Jan 9, 2025 |
| Date of Listing (on or about) | Mon, Jan 13, 2025 |
You can apply for Ace Software Exports Rights Issue 2024 in two ways:
Steps to apply for Ace Software Exports Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Ace Software Exports Rights Issue 2024 using Registrar's website (R-WAP)
