Established in 2022, AccelerateBS India Limited stands as a prominent Digital Technology Services company. The company provides a diverse range of boutique IT services to a wide range of clients, including both B2B and B2C enterprises worldwide.
The company’s service portfolio includes Digital Technology Services, DXP (Digital Experience Platforms) Consulting and Implementation Services, Digital projects, Custom software development, and consulting services. By delivering powerful and scalable software systems, AccelerateBS India is committed to providing top-notch solutions to its clients.
One of the key strengths of AccelerateBS India is its specialization in DXP platforms. The company has developed its experience across top enterprise DXP platforms including Optimizely, Crownpeak, Contentful, and Strapi thanks to its 100% in-house capabilities.
As a digital technology powerhouse, AccelerateBS India is equipped to tackle complex challenges and deliver innovative solutions to meet the evolving needs of its clients. With its strong focus on digital transformation and custom software development, the company is poised to make a significant impact in the digital technology landscape.
Stock Quote #
- Open: ₹190.00
- High – Low: ₹201.40 – ₹187.00
- Previous Close: ₹167.85
- Total Traded Value: 67,200
- 52 Weeks High: ₹201.40 (Aug 22, 2023)
- 52 Weeks Low: ₹109.50 (Jul 19, 2023)
- Updated On: Aug 22, 2023 4:00 PM
IPO Details #
| IPO Date | Jul 6, 2023 to Jul 11, 2023 |
| Listing Date | Jul 19, 2023 |
| Face Value | ₹10 per share |
| Price | ₹90 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 632,000 shares (aggregating up to ₹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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,960,000 |
| Share holding post issue | 2,148,800 |
| Market Maker portion | 33,600 shares Shreni Shares |
IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 33,600 (5.32%) |
| Other Shares Offered | 299,200 (47.34%) |
| Retail Shares Offered | 299,200 (47.34%) |
| Total Shares Offered | 632,000 (100%) |
IPO Timetable (Tentative) #
AccelerateBS India IPO opens on Jul 6, 2023, and closes on Jul 11, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Thursday, 6 July 2023 |
| Closing Date | Tuesday, 11 July 2023 |
| Basis of Allotment | Friday, 14 July 2023 |
| Initiation of Refunds | Monday, 17 July 2023 |
| Credit of Shares to Demat | Tuesday, 18 July 2023 |
| Listing Date | Wednesday, 19 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 11, 2023 |
IPO Lot Size #
The AccelerateBS India IPO lot size is 1600 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
| Lot Size Calculator | |||
IPO Promoter Holding #
Mr. Keyur Dipakkumar Shah and Mr. Kunal Arvind Shah are the Promoters of the Company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.59% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 125.10 | 493.35 | 68.35 | 53.05 | |
| 31-Mar-21 | 180.95 | 451.92 | 42.53 | 102.46 | 24.00 |
| 31-Mar-22 | 200.65 | 355.69 | 25.91 | 111.03 | 45.34 |
| 31-Jan-23 | 283.25 | 164.92 | 26.22 | 205.42 | 33.82 |
| Amount in ₹ Lakhs | |||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 27.27 |
| Market Cap (₹ Cr.) | 19.34 |
| ROE | 15.80% |
| ROCE | 19.44% |
| Debt/Equity | 0.16 |
| EPS (Rs) | 1.38 |
| RoNW | 12.77% |
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.
IPO Subscription Status (Bidding Detail) #
The AccelerateBS India IPO is subscribed 49.19 times on Jul 11, 2023 7:02:00 PM. The public issue subscribed 59.11 times in the retail category, times in the QIB category, and 39.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 39.25 |
| Retail | 59.11 |
| Total | 49.19 |
Total Application : 12,144 (64.94 times)
Company Contact Information #
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 #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Manager(s) #
Frequently Asked Questions #
What is the IPO date and price for AccelerateBS India IPO? #
It was open for public subscription from July 6, 2023, to July 11, 2023. The price per equity share was ₹90.
What is the lot size and issue size for AccelerateBS India IPO? #
The lot size is 1600 shares per lot. The total issue size is 632,000 equity shares, aggregating up to ₹5.69 Crores.
Where will the AccelerateBS India IPO shares be listed? #
The AccelerateBS India IPO shares will be listed on the BSE SME platform on July 19, 2023.
What services does AccelerateBS India Limited offer? #
Global B2B and B2C businesses can take use of a variety of boutique technology services provided by AccelerateBS India Limited, a provider of digital technology services. Its services include Digital Technology Services, DXP Consulting and Implementation Services, Digital projects, and custom software development and consulting services.
Who are the promoters of AccelerateBS India Limited? #
The promoters of AccelerateBS India Limited are Mr. Keyur Dipakkumar Shah and Mr. Kunal Arvind Shah.
What is the financial performance of AccelerateBS India Limited? #
As of January 2023, AccelerateBS India Limited reported total assets of ₹283.25 Lakhs, total revenue of ₹164.92 Lakhs, and a profit after tax of ₹26.22 Lakhs.
Should I apply for the AccelerateBS India IPO? #
As an AI language model, I cannot provide personalized investment advice. Deciding to apply for an IPO should be based on careful consideration of various factors, including company financials, market conditions, and your own investment goals.
How can I check the AccelerateBS India IPO allotment status? #
To check the AccelerateBS India IPO allotment status, you can visit the IPO registrar’s website and enter your PAN number, Application Number, or DP Client ID to check the allotment status.
Please be aware that the information above is contingent on the data currently available. For the most up-to-date details, kindly refer to the official sources and prospectus of the AccelerateBS India IPO.
