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Time of India
30-06-2025
- Business
- Time of India
Ace Alpha Tech IPO: SME issue subscribed 40 times on day 3 so far. GMP rises to 41%
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The SME issue of Ace Alpha Tech Private Limited (AATPL) was subscribed nearly 40 times on the final day so far, receiving more than 13.15 crore share bids against 33.50 lakh equity shares offered by the retail portion was subscribed 42.03 times on the final day with the number of share bids received amounting to 6,48,90,000 against 15.44 lakh shares available for bidding. The non-institutional investor (NII) quota was booked 52.44 times while the qualified institutional buyers' category was subscribed 29.39 times. Ace Alpha Tech IPO opened on Thursday, June 26. The company plans to raise 32.22 crore through the public issue which comprises a fresh offer of 35.48 lakh equity shares aggregating to Rs 24.48 crore and an offer for sale (OFS) of 11.22 lakh shares worth Rs 7.74 the upper price band of Rs 69 per share, the shares of Ace Alpha Tech were commanding a premium of 41% or Rs 28 per IPO is priced in the range of Rs 65 to Rs 69 per share with a lot size of 2,000 in 2012, AATPL offers services related to legal, accounting, bookkeeping, auditing activities, tax consultancy, market research, public opinion polling, business, and management provides a range of services, including institutional trading tools, B2B retail trading platforms, user management systems, and proprietary trading systems. The company caters to a diverse clientele, from institutional investors to retail traders, and emphasises seamless order management, risk mitigation, and efficient trading Alpha Tech also provides innovative user management systems to enhance security, compliance, and risk mitigation within trading allotment of shares is expected to take place on July 1, Tuesday with initiation of funds on July 2, Wednesday along with credit of shares to the demat accounts. The stock is expected to get listed on the BSE SME platform on July 3, issue is being managed by Narnolia Financial Services, while Skyline Financial Services acts as the Alpha Tech's financial performance underscores rapid growth. The company posted a PAT of Rs 10.65 crore for FY 2023–24, up from Rs 3.32 crore the previous year. Margins are notably strong, with a PAT margin of over 70% and an EBITDA margin approaching 96%.The company plans to utilize the proceeds from the fresh issue for capital expenditure, potential acquisitions, and general corporate purposes.
Economic Times
30-06-2025
- Business
- Economic Times
Ace Alpha Tech IPO: SME issue subscribed 40 times on day 3 so far. GMP rises to 41%
The SME issue of Ace Alpha Tech Private Limited (AATPL) was subscribed nearly 40 times on the final day so far, receiving more than 13.15 crore share bids against 33.50 lakh equity shares offered by the company. ADVERTISEMENT The retail portion was subscribed 42.03 times on the final day with the number of share bids received amounting to 6,48,90,000 against 15.44 lakh shares available for bidding. The non-institutional investor (NII) quota was booked 52.44 times while the qualified institutional buyers' category was subscribed 29.39 times. Ace Alpha Tech IPO opened on Thursday, June 26. The company plans to raise 32.22 crore through the public issue which comprises a fresh offer of 35.48 lakh equity shares aggregating to Rs 24.48 crore and an offer for sale (OFS) of 11.22 lakh shares worth Rs 7.74 crore. Ace Alpha Tech IPO GMPAgainst the upper price band of Rs 69 per share, the shares of Ace Alpha Tech were commanding a premium of 41% or Rs 28 per IPO is priced in the range of Rs 65 to Rs 69 per share with a lot size of 2,000 shares. ADVERTISEMENT About Ace Alpha Tech Incorporated in 2012, AATPL offers services related to legal, accounting, bookkeeping, auditing activities, tax consultancy, market research, public opinion polling, business, and management consultancy. ADVERTISEMENT It provides a range of services, including institutional trading tools, B2B retail trading platforms, user management systems, and proprietary trading systems. The company caters to a diverse clientele, from institutional investors to retail traders, and emphasises seamless order management, risk mitigation, and efficient trading Alpha Tech also provides innovative user management systems to enhance security, compliance, and risk mitigation within trading operations. ADVERTISEMENT About Ace Alpha Tech IPO calendarThe allotment of shares is expected to take place on July 1, Tuesday with initiation of funds on July 2, Wednesday along with credit of shares to the demat accounts. The stock is expected to get listed on the BSE SME platform on July 3, Thursday. Ace Alpha Tech IPO lead managers/registrar ADVERTISEMENT The issue is being managed by Narnolia Financial Services, while Skyline Financial Services acts as the registrar. Ace Alpha Tech financials Ace Alpha Tech's financial performance underscores rapid growth. The company posted a PAT of Rs 10.65 crore for FY 2023–24, up from Rs 3.32 crore the previous year. Margins are notably strong, with a PAT margin of over 70% and an EBITDA margin approaching 96%. The company plans to utilize the proceeds from the fresh issue for capital expenditure, potential acquisitions, and general corporate purposes. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
