IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size18,00,000 shares (aggregating up to ₹7.20 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 29 Jun 2017
Subscription CloseWed, 05 Jul 2017
Anchor AllotmentWed, 28 Jun 2017
Basis of AllotmentTue, 11 Jul 2017
Initiation of RefundsWed, 12 Jul 2017
Credit of Shares to DematWed, 12 Jul 2017
Listing DateThu, 13 Jul 2017
UPI Mandate Deadline2017-07-05
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
Net Offer to Public17,10,000 shares (aggregating up to ₹6.84 Cr)
Reserved for Market Maker90,000 shares (aggregating up to ₹0.3600 Cr)
Pre-IPO Promoter Holding50,00,000 shares
Post-IPO Promoter Holding68,00,000 shares
About Ace Integrated Solutions Ltd.
Incorporated in 2016, Ace Integrated Solutions Ltd (AISL) is a India's leading Recruitment & Examination Services Management Company, bringing together the Domain Expertise and innovative skills required for the successful execution of the project every time with highest level of security and customer satisfaction. AISL has over 16000 Sq. Ft. area which is well equipped with the Equipment and machinery required for the execution and production of all the deliverables involved in any of the Recruitment and Examination Project. Its divisions namely “Amety Offset Printers” etc. are completely mapped with the requirements of the execution of the voluminous turnkey projects (Single / Multiple location across India).The company also offers a range of services namely, On-Line & off line Application Form designing, Barcoding, Collection, Data Capturing & Processing, Designing Printing and Dispatch of Admit Cards, Arrangement of test venues, Designing & printing of OMR answer sheets with security features, Setting, Designing and printing of question booklet as per the required Difficulty Levels and Topics (Technical & Non-Technical), consultancy, Facility Management, Data Base Management Services etc. Over the years, it has successfully implemented large turnkey assignments for various PSUs/State/Central Customers. Top three clients of the company for FY 16 were TCS, CMC and Delhi Metro.
Objects of the Issue
Ace Integrated Solutions Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Working Capital Requirement
5.20
2
General Corporate Purposes
1.50
Shareholding & Lock-in
Pre-IPO Promoter Holding
50,00,000 shares
Post-IPO Promoter Holding
68,00,000 shares