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 Services
- DXP (Digital Experience Platforms) Consulting and Implementation Services
- Digital projects
- Custom software development and consulting services
- Delivering powerful
- Scalable software systems
AccelerateBS 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.
AccelerateBS India IPO Details
| IPO Date | Jul 6, 2023 to Jul 11, 2023 |
| Listing Date | [.] |
| 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 |
AccelerateBS India 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%) |
AccelerateBS India 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 |
AccelerateBS India 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 |
AccelerateBS India 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% |
Check AccelerateBS India IPO Peer Comparison here.
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.
AccelerateBS India IPO Review
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its bottom line for 10M- FY23 raise eyebrows and concern over the sustainability going forward. Based on such super earnings, the issue appears aggressively priced while based on its track records so far, the issue is exorbitantly priced. Tiny equity capital post-IPO indicates a longer gestation period for migration to the mainboard. There is no harm in skipping this pricey issue. Read detail review…
AccelerateBS India IPO Subscription Status (Bidding Detail)
The AccelerateBS India IPO is subscribed 3.93 times on Jul 7, 2023 7:02:00 PM. The public issue subscribed 4.57 times in the retail category, times in the QIB category, and 3.30 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 3.30 |
| Retail | 4.57 |
| Total | 3.93 |
Total Application : 937 (5.01 times)
AccelerateBS India IPO Prospectus
Company Contact Information
AccelerateBS India Limited
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/
AccelerateBS India IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/