Latest news with #AceAlphaTech
Business Standard
03-07-2025
- Business
- Business Standard
BSE SME Ace Alpha Tech cracks open the trading floor on debut
Shares of Ace Alpha Tech was trading at Rs 85.05 on the BSE, a premium of 23.26% compared with the issue price of Rs 69. The scrip was listed at Rs 81, a premium of 17.39% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 85.05 and a low of Rs 77.10. About 19.12 lakh shares of the company changed hands at the counter. Ace Alpha Tech's IPO was subscribed 93.81 times. The issue opened for bidding on 26 June 2025 and it closed on 30 June 2025. The price band of the IPO was set at Rs 65 to Rs 69 per share. The IPO comprised 46,70,400 equity shares, including a fresh issue of upto 35,48,400 equity shares and offer for sale (OFS) of upto 11,22,000 equity shares. The promoter and promoter group shareholding diluted to 43.90% from 55.80% pre-issue. The company intends to utilize the net proceeds for capital expenditure, expenses of unidentified acquisition and general corporate purposes. Ahead of the Ace Alpha Tech on 25 June 2025, raised Rs 9.10 crore from anchor investors. The board has allotted 13.20 lakh shares at Rs 69 per share to 4 anchor investors. Ace Alpha Tech serves the financial industry with a comprehensive suite of trading solutions that cater to all types of clients, ranging from institutional investors to retail traders via brokers. It provides customized trading solutions using advanced, institutional-grade algorithms that function as a front-end layer over existing order management systems (OMS) or risk management systems (RMS), all of which are connected to the stock exchanges. As of 4 June 2025, the company had 26 employees. The company recorded revenue from operations of Rs 11.54 lakh and net profit of Rs 8.47 lakh for the period ended 31 December 2024.
Mint
03-07-2025
- Business
- Mint
Ace Alpha Tech share price makes a bumper debut, stock opens with a 17.39% premium at ₹81 apiece on BSE SME
Dhanya Nagasundaram Published 3 Jul 2025, 10:03 AM IST Mint Image Ace Alpha Tech share price made a bumper debut on BSE SME today. Ace Alpha Tech share price today opened at ₹ 81, which is 17.39% higher than the issue price of ₹ 69.
Time of India
03-07-2025
- Business
- Time of India
Ace Alpha Tech IPO listing today. GMP signals moderate debut
Ace Alpha Tech is set to debut on the BSE SME platform on July 3 with the grey market indicating a modest listing gain. The IPO, which was priced at Rs 69 per share, is commanding a GMP of Rs 30 ahead of listing, implying a potential 43% upside at Rs 99 per share if sentiment holds. The Rs 32.22 crore IPO opened for subscription on June 26 and closed on June 30. It comprised a fresh issue of 35.48 lakh equity shares amounting to Rs 24.48 crore and an offer for sale (OFS) of 11.22 lakh shares worth Rs 7.74 crore. Narnolia Financial Services acted as the lead manager, while Ss Corporate Securities served as the market maker . Ace Alpha Tech, incorporated in 2012, is a tech-driven player in legal, accounting, auditing, tax consultancy, market research, and trading infrastructure services. Its offerings include institutional trading tools, cloud-based B2B trading platforms, proprietary trading systems, and user management solutions — catering to a broad spectrum of clientele ranging from institutions to retail traders. Live Events With only nine full-time employees, the company has posted impressive financial metrics. For FY24, Ace Alpha Tech clocked Rs 15.35 crore in revenue and a net profit of Rs 10.65 crore, reflecting a PAT margin of over 70%. At the upper end of the price band, the IPO valued the company at Rs 121.15 crore. The proceeds will be used for capital expenditure and strategic acquisitions, along with general corporate purposes. Despite a relatively small issue size, the strong profitability and visible GMP of Rs 30 suggest a promising start for Ace Alpha Tech when it lists on Thursday. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ETMarkets WhatsApp channel )
Economic Times
03-07-2025
- Business
- Economic Times
Ace Alpha Tech IPO listing today. GMP signals moderate debut
Ace Alpha Tech is set to debut on the BSE SME platform on July 3 with the grey market indicating a modest listing gain. The IPO, which was priced at Rs 69 per share, is commanding a GMP of Rs 30 ahead of listing, implying a potential 43% upside at Rs 99 per share if sentiment holds. ADVERTISEMENT The Rs 32.22 crore IPO opened for subscription on June 26 and closed on June 30. It comprised a fresh issue of 35.48 lakh equity shares amounting to Rs 24.48 crore and an offer for sale (OFS) of 11.22 lakh shares worth Rs 7.74 crore. Narnolia Financial Services acted as the lead manager, while Ss Corporate Securities served as the market maker. Ace Alpha Tech, incorporated in 2012, is a tech-driven player in legal, accounting, auditing, tax consultancy, market research, and trading infrastructure offerings include institutional trading tools, cloud-based B2B trading platforms, proprietary trading systems, and user management solutions — catering to a broad spectrum of clientele ranging from institutions to retail traders. With only nine full-time employees, the company has posted impressive financial metrics. For FY24, Ace Alpha Tech clocked Rs 15.35 crore in revenue and a net profit of Rs 10.65 crore, reflecting a PAT margin of over 70%. ADVERTISEMENT At the upper end of the price band, the IPO valued the company at Rs 121.15 crore. The proceeds will be used for capital expenditure and strategic acquisitions, along with general corporate purposes. Despite a relatively small issue size, the strong profitability and visible GMP of Rs 30 suggest a promising start for Ace Alpha Tech when it lists on Thursday. ADVERTISEMENT (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)
Mint
01-07-2025
- Business
- Mint
Ace Alpha Tech IPO share allotment to be finalised today: How to check status? A step-by-step guide
Ace Alpha Tech IPO allotment in focus: The allotment for the Ace Alpha Tech IPO is expected to be finalized today. Investors can check their allotment status through the registrar, Skyline Financial Services Private, or the BSE website. The IPO, which was open for subscription from June 26 to June 30, saw a robust response from investors, being oversubscribed by 102 times. Specifically, the non-institutional investor (NII) segment was oversubscribed 170 times, while the retail portion was oversubscribed 91.92 times and the QIB was booked at 67 times. The IPO price was set at ₹ 69 per share. Given the high level of retail oversubscription, shares will be allocated to retail individual investors (RIIs) on a proportional basis. Those who do not receive an allotment can expect the refund process to start on July 02, 2025. Shares allotted will be credited to investors' demat accounts on the same day as the refunds. The SME IPO is expected to be listed on the BSE SME platform, with a tentative date of July 03, 2025. The company plans to use the net proceeds from the IPO for several purposes, including capital expenditure, unidentified acquisition, and general corporate purposes. If you have applied for the Ace Alpha Tech IPO, you can check your allotment status on the website of the IPO registrar, Skyline Financial Services Private Ltd. You can check the Jay Ace Alpha Tech IPO allotment status at this link: Step 1: Visit the above link, which will take you to Ace Alpha Tech IPO's registrar's website, i.e., Skyline Financial Services Private Ltd. Step 2: Choose the IPO in the dropbox that will only have its name set if the allocation is completed. Step 3: Pick one of all three options to check the status: Application No., Demat Account, or PAN. Step 4: The screen will show the IPO status, and the number of Ace Alpha Tech IPO shares allotted. Step 1: Visit the allotment page on BSE's official website: Step 2: Under 'Issue Type,' select 'Equity.' Step 3: Choose the IPO from the drop-down option under 'Issue Name.' Step 4: Enter the PAN or application number. Step 5: Click on 'I am not a robot' to confirm your identity, then hit the 'Submit' button. The allotment status will appear on your screen. Incorporated in 2012, Ace Alpha Tech Private Limited (AATPL) is engaged in legal, accounting, bookkeeping, auditing activities, tax consultancy, market research, public opinion polling, business, and management consultancy. They offer 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 emphasizes seamless order management, risk mitigation, and efficient trading practices. The Ace Alpha Tech GMP, or grey market premium, stands at ₹ 26 per share today, indicating that the stock may list ₹ 26 higher than the issue price of ₹ 69. The grey market premium reflects investors' willingness to pay more than the issue price. Disclaimer: We advise investors to check with certified experts before making any investment decisions.
