AccelerateBS India Limited IPO Detail
Incorporated in 2022, AccelerateBS India Limited is a Digital Technology Services company. It offers many boutique technology services to both B2B and B2C companies worldwide.
The services of the company include:
- Digital Technology Services
- DXP (Digital Experience Platforms) Consulting and Implementation Services
- Digital projects
- Custom software development and consulting services
- Delivering powerful
- Scalable software systems
AccelerateBS India is a specialized entity, and it has built 100% in-house capabilities across DXP platforms like Optimizely, Crownpeak, Contentful, and Strapi, some of the industry-leading enterprise DXP platforms we specialize in.
Company Promoters
Mr. Keyur Dipakkumar Shah and Mr. Kunal Arvind Shah are the Promoters of the Company.IPO Details
| IPO Opening Date | Jul 06, 2023 |
| IPO Closing Date | Jul 11, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹90 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹5.69 Cr |
| Fresh Issue | 188,800 shares (aggregating up to ₹1.70 Cr) |
| Offer for Sale | 443,200 shares of ₹10 (aggregating up to ₹3.99 Cr) |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.00x | 0.00x | 0.00x | |
| Day 2 | - | - | 0.00x | 0.00x | 0.00x | |
| Day 3 | - | - | 0.00x | 0.00x | 0.00x | |
| Day 4 | - | - | 2.11x | 1.07x | 1.59x | |
| Day 5 | - | - | 3.30x | 4.57x | 3.93x | |
| Day 6 | - | - | 5.62x | 16.07x | 10.85x | |
| Day 7 | - | - | 39.28x | 59.11x | 49.19x |
IPO Tentative Timetable
The AccelerateBS India Limited IPO open date is Jul 06, 2023, and the close date is Jul 11, 2023. The issue may list on Jul 19, 2023.
| IPO Open Date | Jul 06, 2023 |
| IPO Close Date | Jul 11, 2023 |
| Basis of Allotment Date | Jul 14, 2023 |
| Initiation of Refunds | Jul 17, 2023 |
| Credit of Shares to Demat Account | Jul 18, 2023 |
| IPO Listing Date | Jul 19, 2023 |
IPO Lot Size
The AccelerateBS India Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹144000 |
| Maximum | 1 | 1600 | ₹144000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.59% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 180.95 | 451.92 | 42.53 |
| 31-Mar-22 | 200.65 | 355.69 | 25.91 |
| 31-Jan-23 | 283.25 | 164.92 | 26.22 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
- Long-Term Working Capital Requirements;
- General corporate purposes.
AccelerateBS India Limited IPO Registrar:
Bigshare Services Pvt Ltd
AccelerateBS India Limited IPO Lead Manager(s):
Shreni Shares Private Limited
Company Contact Information:
AccelerateBS India Limited
Office 604, Quantum Tower, Off S.V. Road, Ram Baug, Malad West
Mumbai
Mumbai
