AccelerateBS India IPO will open for subscription from 06 July 2023. the company aims for an issue size of ₹5.69 Cr through this IPO.
Company Overview
| Full name | AccelerateBS India Limited |
| Sector | Information Technology |
| Industry | IT-Software |
| Company Website | https://www.acceleratebs.com/ |
About Company
Incorporated in 2022, AccelerateBS India is a Digital Technology Services company offering boutique technology services to B2B and B2C companies worldwide. AccelerateBS India has built in-house capabilities across DXP platforms like Crownpeak, Optimizely, Contentful, and Strapi are some of the industry-leading enterprise DXP platforms that it specializes in.
The company’s services include:
- Digital Technology Services
- DXP (Digital Experience Platforms) Consulting and Implementation Services
- Digital projects
- Custom software development and consulting services
- Delivering powerful
- Scalable software systems
It has full-spectrum capabilities across these platforms and this includes Front-end, Middleware, Backend, and DXP layers as well as custom integrations with products like Salesforce, Marketo, Brightcove, Adobe Omniture, SAP Commerce, etc. It has also gained a lot of experience doing builds for regulated industries like Insurance, Financial Services, Pharma, and Healthcare service providers.
The Objective of the Issue
- Long-Term Working Capital Requirements;
- General corporate purposes.
IPO Timetable
| IPO Opening date | 06 July 2023 |
| IPO Closing | 11 July 2023 |
| Basis of Allotment | 14 July 2023 |
| Initiation Refund | 17 July 2023 |
| Credit to Demat Account | 18 July 2023 |
| Listing Date | 19 July 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹5.69 Cr – 632,000 shares |
| Fresh Issue | ₹1.70 Cr – 188,800 shares |
| Offer for sale | ₹3.99 Cr – 443,200 shares |
| Face value | ₹10 per share |
| Offer Price | ₹90 per share |
| Lot size | 1600 Shares |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
Reservation Details
| 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%) |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 10M FY 2023 | |
| Revenue | 484.65 | 449.97 | 352.21 | 160.58 |
| Expenses | 394.70 | 390.03 | 317.69 | 129.84 |
| Net income | 68.35 | 42.53 | 25.91 | 26.22 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 6.78 | 4.22 | 2.57 |
| PE ratio | – | – | 35.02 |
| RONW (%) | 128.84 | 41.50 | 23.33 |
| NAV | 5.26 | 10.17 | 11.02 |
| ROCE (%) | 206.76 | 67.96 | 42.87 |
| EBITDA (%) | 22.63 | 15.47 | 13.51 |
| Debt/Equity | 0.00 | 0.23 | 0.41 |
Company Promoters
- Mr. Keyur Dipakkumar Shah
- Mr. Kunal Arvind Shah
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70.59% |
Lead Manager(s)
SHRENI SHARES PRIVATE LIMITED
Office No. 102, 1st Floor, Sea Lord CHS,
Ram Nagar, Borivali (West), Mumbai – 400 092, Maharashtra
Phone: 022 – 2808 8456
Email: shrenishares@gmail.com
Website: www.shreni.in
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
ACCELERATEBS INDIA LIMITED
Office 604, Quantum Tower, Off S.V. Road,
Ram Baug, Malad West, Mumbai – 400 064, Maharashtra
Phone: +91 96536 51592
E-mail: investors@acceleratebs.com
Website: www.acceleratebs.com
Allotment Status
AccelerateBS IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
AccelerateBS India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
