AccelerateBS India Limited IPO is set to launch on 6 July, 2023. The company offers boutique technology services to B2C and B2B. The company’s services include Digital Projects, Digital Experience Platforms Consulting and Implementation Services, Digital Technology Services and Custom Software Development and Consulting services, Scalable Software Systems and Delivering powerful.
AccelerateBS India Limited IPO DETAILS
AccelerateBS India Limited IPO is set to launch on 6 July, 2023. The subscription timeline extends till 11 July, 2023. The size for the IPO is 5.69 Crore Rs. Shares issued through fresh issue mode are worth 1.70 Crore Rs. Shares issued through offer for sale mode are worth Rs 3.99 Crore. The lot size is 1600 shares and the price is 90 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of AccelerateBS India Limited IPO
| IPO OPENING DATE | 6 July, 2023 |
| CLOSING DATE FOR IPO | 11 July, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 90 Rs per share |
| LOT SIZE | 1600 shares |
| MINIMUM ORDER QUANTITY | 1600 shares |
| ISSUE SIZE | 5.69 Crore Rs. |
| OFFER FOR SALE | 3.99 Crore Rs. |
| FRESH ISSUE | 1.70 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 19 July, 2023 |
AccelerateBS India Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 6 July, 2023 |
| CLOSING DATE FOR IPO | 11 July, 2023 |
| IPO ALLOTMENT DATE | 14 July, 2023 |
| REFUNDS | 17 July, 2023 |
| DEMAT A/C CREDITED ON | 18 July, 2023 |
| IPO LISTING DATE | 19 July, 2023 |
AccelerateBS India Limited IPO begins for subscription from 6 July, 2023. The IPO subscription would continue till 11 July, 2023. The allotment status for the shareholders who applied would come on 14 July, 2023. The refunds for the ones who did not get allotment would be initiated on 17 July, 2023. The DEMAT accounts of shareholders would be credited on 18 July, 2023. The listing of the company would be completed on 19 July, 2023.
AccelerateBS India Limited IPO : Lead Managers
The lead managers are :
- Shreni Shares Private Limited
The minimum lot size for the company is decided at 1600 shares. This holding accounts to 144000 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 288000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1600 shares | 144000 Rs. |
| Maximum | 3200 shares | 288000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2019-20 | 2020-21 | 2021-22 |
| ASSETS | 125 | 180 | 200 |
| Revenue | 493 | 451 | 355 |
| PAT | 68 | 42 | 25 |
AccelerateBS India Limited had an asset base of 125 Lakh Rs in 2020 which increased to 180 Lakh Rs in 2021 and 200 Lakh Rs in 2022. Despite the asset base of the company increasing every year the revenue of the firm has gone down constantly. The revenue of the firm was 493 Lakh Rs in 2020 which decreased to 451 Lakh Rs in 2021 and 355 Lakh Rs in 2022. This is a significant decrease in revenue though the company is maintaining a high revenue above the incested asset base.
The profit of the firm was 68 Lakh Rs in 2020 which decreased to 42 Lakh Rs in 2021. This is also a result of the revenue decrease. In 2022 the revenue of the firm went down to 25 Lakh Rs from 42 Lakh Rs in 2021. Hence the profit of the firm is going down inside the revenue figures which is not a good financial insight from the company.
PROS
- The company offers boutique technology services to B2C and B2B.
- The company’s services include Digital Projects, Digital Experience Platforms Consulting and Implementation Services, Digital Technology Services and Custom Software Development and Consulting services, Scalable Software Systems and Delivering powerful.
CONS
- The company works into a very competitive segment.
- The revenue of the firm is constantly decreasing despite the rise in asset base. The same is the position of the profits of the firm. Hence the financials of the frim are not very positive.
AccelerateBS India Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the AccelerateBS India Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
