Acceleratebs India Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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AccelerateBS Ind

CMP

301.00

-9.00 (-2.90%)

₹90

Offer Price

₹ 5.69 Cr

Issue Size

₹ 1,44,000

Min Investment

1,600

Lot size

Time Line

  • 06
    Jul 2023
    Open
  • 11
    Jul 2023
    Close
  • 14
    Jul 2023
    Finalisation of Basis of Allotment
  • 17
    Jul 2023
    Initiation of Refunds
  • 18
    Jul 2023
    Transfer of Shares to Demat Account
  • 19
    Jul 2023
    Listing Date

Risks

  • The company revenues from operations are highly dependent on customers located in the United States. Worsening economic conditions or factors that negatively affect the economic conditions of the United States could materially adversely affect its business, financial condition and results of operations.

  • If the company fail to attract and retain highly skilled IT professionals, its may not have the necessary resources to properly staff projects, and failure to successfully compete for such IT professionals could materially adversely affect the company business, financial condition and results of operations.

  • The current and continuing effect of the COVID-19 pandemic on the company business, results of operations, operations and financial condition is highly uncertain and cannot be predicted.

  • The company is dependent on its top 5 customers for the revenues. Further the company do not have any long-term commitments from customers and any failure to continue its existing arrangements could adversely affect the company business and results of operations.

  • The company may become liable to the customers and lose customers if its has defects or disruptions in the company service. The company may also be liable in the event of misuse of its services or platforms.

Company Promoters

Promoters Holding

Issue For IPO
29.38%
Pre Holding

99.60%

Post Holding

70.22%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Jan-2023 Mar-2023 3-Yr trend
Revenue 0.39 (50.00%) 1.61 (-) 2.80 (73.90%)
Gross Profit 0.39 (50.00%) 1.61 (-) 2.80 (73.90%)
Net Income 0.39 (50.00%) 1.61 (-) 2.80 (73.90%)
Assets 0.39 (50.00%) 1.61 (-) 2.80 (73.90%)
Liabilities 0.39 (50.00%) 1.61 (-) 2.80 (73.90%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Happiest Minds Technologies Ltd 1,093.65 181.20 1,125.01 1,125.01 27.21 12.55 46.66 16.10 0.29
Persistent Systems Ltd 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Kellton Tech Solutions Ltd 842.67 70.45 672.00 672.00 14.71 7.39 49.61 10.48 0.22
Saksoft Ltd 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CG-VAK Software & Exports Ltd 53.92 9.03 52.06 52.06 22.05 17.87 81.04 17.33 0.06

Book Running Managers

  • Shreni Shares Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Office 604 Quantum Tower, Off-,
S.V.Rd,Ram Baug Malad West,
Mumbai - 400064
Phone : +91 96536 51592 Email : investors@acceleratebs.com www.acceleratebs.com

Offer Related Information

Initial public offering of 6,32,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Acceleratebs India Limited ("Accelerate" or The "Company" or "The Issuer") for cash at a price of Rs. 90 /- per equity share (including a premium of Rs. 80/- per equity share) ("Offer Price") aggregating to Rs. 5.69 crores comprising of fresh offer of 1,88,800 equity shares aggregating to Rs. 1.70 crores ("Fresh Offer") and an offer for sale of 4,43,200 equity shares by Kunal arvind Shah... More

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