AccelerateBS India Limited IPO : Key Dates

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 :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the AccelerateBS India Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. 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.