AccelerateBS India IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The AccelerateBS India IPO will open on July 6 and close on July 11, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 5.69 crores through this public offering, consisting of 6.32 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 90 per share.
AccelerateBS India Limited (“the Company”)
Incorporated in 2022, AccelerateBS India Limited is a digital technology services company providing a range of boutique technology services to both B2B and B2C companies across the globe. Its services include digital technology services, DXP (Digital Experience Platform) consulting and implementation services, digital projects, custom software development, and consulting services, providing powerful and scalable software systems.
The company has built 100% in-house capabilities across DXP platforms such as CrownPeak, Optimizely, Contentful, and Strapi, some of the industry-leading enterprise DXP platforms the company specializes in. These platforms have full-spectrum capabilities and include front-end Custom integration with end, middleware, backend, and DXP layers, as well as with products such as Salesforce, Marketo, Brightcove, Adobe Omniture, SAP Commerce, and more.
The company has full-stack Microsoft and Node-based capabilities and continues to innovate. Age-decoupled builds with API-first and microservices-based architecture
The company is also an ISO/IEC 27001:2022 and ISO 9001:2015 certified organization for Digital Technology Service providers with custom software development and consulting services.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Long-Term Working Capital Requirements;
- General corporate purposes.
Financial Highlights (Restated)
| Particulars | The period ended on 31st Jan. 2023 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 205 | 111 | 102 | 53 |
| Total Assets | 283 | 201 | 181 | 125 |
| Total Borrowings | 34 | 45 | 24 | – |
| Total Revenue | 165 | 356 | 452 | 493 |
| Profit After Tax | 26 | 26 | 43 | 68 |
IPO details
As per the DRHP filed with SEBI, 1.88 lakh shares will be offered as a fresh issue in the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 33,600 shares of the offering. While Shreni Shares Private Limited will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 90 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1600 Shares |
| Issue Size | 632,000 shares (aggregating up to ₹ 5.69 crores) |
| Fresh Issue | 188,800 shares (aggregating up to ₹ 1.70 crores) |
| Offer for Sale | 443,200 shares (aggregating up to ₹ 3.99 crores) |
| Listing At | BSE SME |
| Company Promoters | Mr Keyur Dipakkumar Shah and Mr Kunal Arvind Shah |
Market Maker detail
| Market maker | Shreni Shares |
| Market maker portion | 33,600 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% of the net issue |
| Retail shares offered | 50% of the net issue |
GMP: AccelerateBS India IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: AccelerateBS India IPO
The issue opens for subscription on July 6, 2023, and closes for subscription on July 11, 2023 (both days inclusive). The basis of allotment will be finalised on July 14, 2023, and the refunds will be initiated on July 17, 2023. In addition, the demat credits are expected to happen on July 18, 2023, and the stock will be listed on the BSE SME on July 19, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | July 6, 2023, |
| Closing Date | July 11, 2023 |
| Basis of Allotment | July 14, 2023 |
| Initiation of Refunds | July 17, 2023 |
| A credit of shares to Demat A/c | July 18, 2023 |
| Listing Date | July 19, 2023 |
Lot Size
The lot size of the AccelerateBS India IPO is 1,600 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,600 shares of ₹ 144,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,600 | ₹ 144,000 |
| Retail (Maximum) | 1 | 1,600 | ₹ 144,000 |
| HNI (Minimum) | 2 | 3,200 | ₹ 288,000 |
Promoters Holdings
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | 70.59% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | AccelerateBS India Limited Office 604, Quantum Tower, Off S.V. Road, Ram Baug, Malad West, Mumbai – 400 064 Phone: +91 96536 51592 Email: investors@acceleratebs.com Website: http://www.acceleratebs.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
| IPO Lead Manager(s) | Shreni Shares Private Limited |
FAQs
What is AccelerateBS India’s IPO price?
The AccelerateBS India IPO price is ₹ 90 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the AccelerateBS India IPO contains 1,600 shares of ₹ 144,000.
When will the AccelerateBS India IPO allotment be available?
The finalisation of the basis of allotment for the AccelerateBS India IPO will be done on July 14, 2023, and the allotted shares will be credited to your demat account by July 18, 2023. Check the AccelerateBS India IPO allotment status.
When will the AccelerateBS India IPO list on exchanges?
The AccelerateBS India IPO shares listing date is July 19, 2023.
