IPO Issue Details
Issue Price / Price Band₹90 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size6,32,000 shares (aggregating up to ₹5.69 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 06 Jul 2023
Subscription CloseTue, 11 Jul 2023
Anchor AllotmentWed, 05 Jul 2023
Basis of AllotmentFri, 14 Jul 2023
Initiation of RefundsMon, 17 Jul 2023
Credit of Shares to DematTue, 18 Jul 2023
Listing DateWed, 19 Jul 2023
UPI Mandate Deadline2023-07-11
Application & Investment Details
Retail — Min (1 Lots)₹1,44,000 — 1,600 shares
Retail — Max (13 Lots)₹1,872,000 (13 Lots)
HNI — Min (2 Lots)₹2,88,000 — 3,200 shares
EPS (Pre-IPO)₹1.38
P/E Ratio (Pre-IPO)27.27x
Net Offer to Public5,98,400 shares (aggregating up to ₹5.39 Cr)
Reserved for Market Maker33,600 shares (aggregating up to ₹0.3024 Cr)
Pre-IPO Promoter Holding19,60,000 shares
Post-IPO Promoter Holding21,48,800 shares
Fresh Issue Shares1,55,200 shares (aggregating up to ₹1.40 Cr)
Offer for Sale Shares4,43,200 shares of ₹10 (aggregating up to ₹3.99 Cr)
About AccelerateBS India Ltd
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 ServicesDXP (Digital Experience Platforms) Consulting and Implementation ServicesDigital projectsCustom software development and consulting servicesDelivering powerfulScalable software systemsAccelerateBS 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.
Objects of the Issue
AccelerateBS India Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Long-Term Working Capital Requirements; and
1.09
2
General corporate purposes
0.34
Shareholding & Lock-in
Pre-IPO Promoter Holding
19,60,000 shares
Post-IPO Promoter Holding
21,48,800 shares