Latest news with #AceAlphaTechPrivateLimited
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)
Mint
27-06-2025
- Business
- Mint
Ace Alpha Tech IPO Day 2: GMP, subscription status, price band, other details of SME IPO
Ace Alpha Tech IPO: The initial public offering (IPO) of consulting and advisory firm Ace Alpha Tech Private Limited is witnessing a tepid response from investors. The ₹ 32 crore BSE SME IPO, which combines a fresh issue of 35,48,400 shares and an offer for sale (OFS) of 11,22,000 shares, opened for subscription on Thursday, June 26. The latest grey market premium (GMP) of Ace Alpha Tech indicates the stock could be listed at a premium of nearly 20 per cent. By 12:25 PM on the second day of subscription, the SME IPO had been subscribed 0.62 times. The retail portion was almost fully subscribed at that time, while the portion reserved for non-institutional buyers had been subscribed 0.50 times. 1. Ace Alpha Tech IPO GMP: According to market sources, the latest grey market premium (GMP) of Ace Alpha Tech shares was ₹ 13. The latest GMP indicates the stock could be listed at a nearly 20 per cent premium. 2. Ace Alpha Tech IPO date: The BSE SME IPO opened for subscription on Thursday, June 26, and will conclude on Monday, June 30. 3. Ace Alpha Tech IPO price: The price band of the public issue has been fixed at ₹ 65 to ₹ 69 per equity share. 4. Ace Alpha Tech IPO size: The company intends to raise ₹ 32 crore from the issue, which it will use to meet capital expenditure and for general corporate purposes. 5. Ace Alpha Tech IPO lot size: Bidders can apply in lots, and one lot of the SME IPO comprises 2,000 company shares. 6. Ace Alpha Tech IPO reservation: 22,00,000 shares are reserved for QIBs (including anchor investor shares), while 15,44,000 shares are reserved for retail investors. 6,62,000 shares are reserved for NIIs. 7. Ace Alpha Tech IPO allotment date: The company is expected to finalise the share allotment on Tuesday, July 1. Successful bidders can expect shares of the company in their demat accounts on Wednesday, July 2, and bidders who fail to get the allocation may get the refund on the same day. 8. Ace Alpha Tech IPO book-running lead manager and registrar: Narnolia Financial Services Ltd is the book-running lead manager, while Skyline Financial Services Private Limited is the registrar for the issue. 9. Ace Alpha Tech IPO listing: As per SEBI's T+3 rule of IPO listing, the SME IPO is proposed for listing on the BSE SME on Thursday, July 3. 10. Ace Alpha Tech business overview: The company caters to financial industry with its comprehensive suite of trading solutions to clients ranging from institutional investors to stockbrokers. "We provide various solutions to our clients, including set up for institutional trading, B2B Retail Trading, User Management, Proprietary Trading solutions and custom trading. Along with this, we ensure the redressal of client issues, our support system, and provide end-to-end solutions," says the company's RHP. For FY22, the company's profit stood at ₹ 13.45 lakh, which rose to nearly ₹ 3.32 crore in FY23 and ₹ 10.65 crore in FY24. In FY25 till December 31, the company's profit was ₹ 8.5 crore. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
