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AccelerateBS India IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Long-Term Working Capital Requirements;
  2. General corporate purposes.

Financial Highlights (Restated)

ParticularsThe period ended on 31st Jan. 2023FY 2021-22FY 2020-21FY 2019-20
Net Worth20511110253
Total Assets283201181125
Total Borrowings344524
Total Revenue165356452493
Profit After Tax26264368
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 90 per share
Face Value₹ 10 per share
Market Lot1600 Shares
Issue Size632,000 shares (aggregating up to ₹ 5.69 crores)
Fresh Issue188,800 shares (aggregating up to ₹ 1.70 crores)
Offer for Sale443,200 shares (aggregating up to ₹ 3.99 crores)
Listing AtBSE SME
Company PromotersMr Keyur Dipakkumar Shah and Mr Kunal Arvind Shah

Market Maker detail

Market makerShreni Shares
Market maker portion33,600 shares

IPO Reservation

CategoriesNo. of shares offered
Other shares offered50% of the net issue
Retail shares offered50% 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 DateJuly 6, 2023,
Closing DateJuly 11, 2023
Basis of AllotmentJuly 14, 2023
Initiation of RefundsJuly 17, 2023
A credit of shares to Demat A/cJuly 18, 2023
Listing DateJuly 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)11,600₹ 144,000
Retail (Maximum)11,600₹ 144,000
HNI (Minimum)23,200₹ 288,000

Promoters Holdings 

Pre-issue Shares Holdings100%
Post-issue Shares Holdings70.59%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationAccelerateBS India Limited
Office 604, Quantum Tower, Off S.V. Road, Ram Baug, Malad West, Mumbai – 400 064
Phone: +91 96536 51592
Email: [email protected]
Website: http://www.acceleratebs.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com/
IPO Lead Manager(s)Shreni Shares Private Limited

FAQs

The AccelerateBS India IPO price is ₹ 90 per share.

The minimum investment size is one lot for retail investors. One lot of the AccelerateBS India IPO contains 1,600 shares of ₹ 144,000.

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.

The AccelerateBS India IPO shares listing date is July 19, 2023.

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