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Let’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

AccelerateBS India IPOThey 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:


    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
    Net Issue to the Public Up to 5,98,400 Equity Shares aggregating up to Rs.398.88
    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:

    1. Long-Term Working Capital Requirements; and
    2. 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
    (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
    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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