AccelerateBS India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jul 11, 2023Let’s have a detailed review of the company and analytics of the AccelerateBS India IPO release date, IPO offer price, subscription, AccelerateBS India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 90 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | 19 July 2023 |
| Offer for Sale | Rs 399 Lakh |
| Fresh Issue | Rs 170 Lakh |
| IPO Size | Rs 569 Lakh |
| Tick Size | 1 |
AccelerateBS India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – AccelerateBS India Share Price |
AccelerateBS India IPO – Summary
They are a Digital Technology Services company offering a multitude of boutique technology services to both B2B and B2C companies around the world. Their services include Digital Technology Services, DXP (Digital Experience Platforms) Consulting and Implementation Services, Digital projects, custom software development and consulting services, and delivering powerful and scalable software systems.
They have built 100% in-house capabilities across DXP platforms like Crownpeak, Optimizely, Contentful and Strapi are some of the industry-leading enterprise DXP platforms that they specialize in.
The Promoter of this company is MR. KUNAL ARVIND SHAH AND MR. KEYUR DIPAKKUMAR SHAH. The lead manager of the issue is SHRENI SHARES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
AccelerateBS India IPO Date
The opening and closing dates of AccelerateBS India IPO are 6 July 2023 and 11 July 2023 respectively.
AccelerateBS India IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 6th Jul | 2.11x | 1.07x | 1.59x |
| 2nd Day – 7th Jul | 3.30x | 4.57x | 3.93x |
| 3rd Day – 10th Jul | 5.62x | 16.07x | 10.85x |
| 4th Day – 11th Jul | 6.61x | 25.85x | 16.23x |
| Shares Offered or Net Issue | 299,200 | 299,200 | 632,000 |
The shares subscribed by the public will be updated here.
AccelerateBS India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
AccelerateBS India Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 14 July 2023 |
| Refunds Initiation | 17 July 2023 |
| Credit of Shares to Demat Account | 18 July 2023 |
| Share Listing Date | 19 July 2023 |
AccelerateBS India IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.90
AccelerateBS India IPO Equity Size
This Initial Public Issue of 632,000 Equity Shares of Rs.10 each for cash at a price of Rs.90 per equity share aggregating to Rs.569 Lakh.
AccelerateBS India IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 188,800 Equity Shares of Rs.10/ each.
Issue Size: 632,000 Equity Shares of Rs.10 each, aggregating to Rs.569 Lakh
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AccelerateBS India IPO – Live Performance
The listing date of this IPO is 19 July 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – AccelerateBS India Share Price |
AccelerateBS India IPO Grey Market Premium
The AccelerateBS India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
AccelerateBS India IPO – Company Overview
Their Company was originally formed as a partnership firm under the name and style of “M/s. Accelerate Business Solutions” pursuant to a deed of partnership dated May 20, 2011, as amended from time to time. M/s. Accelerate Business Solutions was thereafter converted into a private limited Company “AccelerateBS India Private Limited”.
Their Company is promoted by Mr. Keyur Dipakkumar Shah and Mr. Kunal Arvind Shah who has 15+ years of experience in the field of software development and particularly Digital Technology related services. On the DXP Platform side, they are a listed and a certified solution/service partner with Crownpeak Technology, Inc. Denver, USA, Contentful, Germany and Optimizely, London.
As on January 2023, Optimizely has 9 solution partners in India, and Crownpeak has 4 partners in India – and they are one of them. They are also one of the oldest and the most experienced Crownpeak practices in India. They are now officially part of Magnet Network.
AccelerateBS India IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||||
| 31-Jan-23 | 30-Sep-22 | Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 283.25 | 217.83 | 200.65 | 180.95 | 125.10 |
| *Total Revenue | 164.92 | 182.90 | 355.69 | 451.92 | 493.35 |
| Total Expense | 129.84 | 135.46 | 317.69 | 390.03 | 394.70 |
| Profit After Tax | 26.22 | 33.00 | 25.91 | 42.53 | 68.35 |
Earnings per Equity Share (in Lakh)
| 31-Jan-23 | 30-Sep-22 | Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 1.38 | 3.27 | 2.57 | 4.22 | 6.78 |
Further, their PAT for the period ended on Jan 31, 2023, Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 26.22 Lakh, Rs. 33.00 Lakh, Rs. 25.91 Lakh, Rs. 42.53 Lakh and Rs. 68.35 Lakh respectively.
AccelerateBS India IPO – Promoters
The Promoter of this company is:
- MR. KUNAL ARVIND SHAH
- MR. KEYUR DIPAKKUMAR SHAH
List of Related Parties (Key Managerial Personnel)
- Kunal Arvind Shah, Chairman and Managing Director
- Keyur Dipakakumar Shah, Wholetime Director
- Ishani Kunal Shah, Executive Director
- Ami Keyur Shah, Executive Director
- Krunal Bhupendra Katwala, Non-Executive Independent Director
AccelerateBS India IPO – Promoters Holding
- Pre-Issue Share Holding – 100.00%
- Post-Issue Share Holding – 70.59%
AccelerateBS India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 632,000 Equity Shares aggregating up to Rs.569 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 33,600 Equity Shares aggregating up to Rs.169.92 Lakh |
| Net Issue to the Public | Up to 5,98,400 Equity Shares aggregating up to Rs.398.88 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 19,60,000 Equity Shares |
| Equity Shares outstanding after the Issue | 21,48,800 Equity Shares |
AccelerateBS India IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Long-Term Working Capital Requirements; and
- General corporate purposes.
AccelerateBS India IPO – Business Strategy
- Growth in the customer base
- Support Contracts
- White-labelled services
- Leveraging the MAGNET global network
- Focus on Digital Transformation
AccelerateBS India IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced promoters and management team;
- Established relationships with customer base;
- Integrated Technology Platform;
- Speciality DXP Platforms;
- Accessibility Compliance;
- MAGNET Global Network
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 2.57 | 23.33% | 11.02 |
| 31-Mar-21 | 4.22 | 41.50% | 10.17 |
| Mar-20 | 6.78 | 128.84% | 5.26 |
AccelerateBS India IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV per Share (Rs. ) | |
| AccelerateBS India Limited | 10 | 35.02 | 2.57 | 23.33% | 11.02 |
| Listed Peers | |||||
| Happiest Minds Technologies Limited | 2 | 69.60 | 13.21 | 27.84% | 46.96 |
| Persistent Systems Limited | 10 | 57.23 | 89.74 | 20.67% | 430.78 |
| Kellton Tech Solutions Limited | 5 | 53.84 | 1.16 | 7.72% | 14.62 |
AccelerateBS India IPO Lead Managers
| Lead Managers |
| SHRENI SHARES LIMITED (Formerly known as Shreni Shares Private Limited) Office No. 102, 1st Floor, Sea Lord CHS, Ram Nagar, Borivali (West), Mumbai – 400 092, Maharashtra, India Telephone: 022 – 2808 8456 E-mail: shrenishares@gmail.com Investors Grievance e-mail: info@shreni.in Website: www.shreni.in Contact Person: Mr. Parth Shah/ Ms. Kritika Rupda SEBI Registration Number: INM000012759 |
AccelerateBS India IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai – 400 093, Maharashtra, India Tel: 022 – 6263 8200 E-mail: ipo@bigshareonline.com Investor grievance e-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr Swapnil Kate SEBI Registration No.: INR000001385 |
AccelerateBS India IPO – Other Details
- Statutory Auditor – M/s K S Sanghvi & Co., Chartered Accountants
- Legal Counsel to the Company – Asha Agarwal & Associates
- Bankers to the Company – Axis Bank Limited
AccelerateBS India IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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AccelerateBS India Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
AccelerateBS India IPO Review FAQs
Check out various FAQs related to AccelerateBS India IPO:
What is the Issue Size of AccelerateBS India IPO?
The Company is making an initial public offer of 632,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of AccelerateBS India IPO?
The price band for this particular IPO ranges between Rs 90. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the AccelerateBS India IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 6 July 2023, while the closing date is set at 11 July 2023.
What is the AccelerateBS India IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 14 July 2023, refund initiation is on 17 July 2023, credit of shares is on 18 July 2023, and share listing date is on 19 July 2023.
What is the AccelerateBS India IPO Listing Date?
Shares of this company shall be listed in the exchanges 19 July 2023. The date, when the listing would be done, is stagnant on 19 July 2023.
Who is the Registrar of AccelerateBS India IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of AccelerateBS India IPO?
Here are the promoters of this IPO – MR. KUNAL ARVIND SHAH AND MR. KEYUR DIPAKKUMAR SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of AccelerateBS India IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is AccelerateBS India IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of AccelerateBS India Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 25.91, 2021 is 42.53, and 2020 is 68.35. PAT from Jan 2023 is 26.22.
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