ACS Technologies IPO Dates, Size, Allotment, Bid Details, GMP & DRHP

Last Updated Date: Nov 28, 2022

Let’s have a detailed review of the company and analytics of the ACS Technologies IPO release date, IPO offer price, subscription, ACS Technologies IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

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ACS Technologies IPO Review & Ratings by Top10StockBroker

IPO Ratings & Review
Criteria	Ratings
Industry Sentiments	7.5/10
Industry Ranking	7.1/10
Company Background	7.3/10
Company Reputation	7.2/10
Competitive Edge	7.7/10
Financial Statements	7.1/10
Popularity Index	7.4/10
Promoters Reputation	7.7/10
Retail Appetite	7.1/10
Top Brokers Review	7.9/10
Overall Ratings	7.4/10
Star Ratings	★★★★☆

Summary of ACS Technologies IPO

ACS Technologies IPO The Company is a rapidly growing Information Technology company that provides software consulting, development and IT-enabled services to a diverse clientele. Company team provides efficient and maximum results for their clients at a value unprecedented in the industry.

ACS Technologies has been highly focused on providing superior quality services to its Customers. The Company is certified and endorsed with ISO 20000-1:2011, ISO 27000:2013 and ISO 9001:2015 meeting all Quality Standards required for IT Development, IT Security and IT Services.

For over 3 decades, the Company has been providing various IT Solutions including Software Support, Custom Application development, IT Infrastructure Management, System Integration, IT Security solutions, Biometric, and Mobile solutions. ACS Technologies believes in the successful blend of domain knowledge; implementation skills and human perception that profiles a front-runner in the highly competitive world of software consulting and IT-enabled services.

The Promoters of this company are Mr. Ashok Kumar Buddharaju, Mr. Prabhakara Rao Alokam, Mrs. Anitha Alokam, and Mrs. Ramadevi Buddharaju. The lead manager to the issue is Mark Corporate Advisors Private Limited and the Registrar to this issue is Bigshare Services Private Limited.

From FY 2016-17 to FY 2018-19, as per the Restated Financial Statements

The operating income of the Company for the year ending March 31, 2018, is Rs 4,222.87 Lakhs as compared to Rs 3,183.03 Lakhs for the year ending March 31, 2017, showing an increase of 32.67% and such increase due to Company’s foray into security surveillance and maintenance business.

There was an increase in operating expenses from Rs 2,471.51 Lakhs to Rs 3,577.88 Lakhs, which was due to an increase in consumption of materials and supplies. Increase in Depreciation Cost in the financial year 2017-18 due to addition in fixed assets during FY 2017-18.

The profit after tax increased by 1.98 times from Rs76.09 Lakhs in the financial year 2016-17 to Rs150.59 Lakhs in financial year 2017-18 due to an increase in turnover and margins.

List of Upcoming IPOs in 2019

ACS Technologies IPO Date

The opening and the closing date of ACS Technologies IPO is not known yet.

ACS Technologies IPO Subscription

Day / Date	QIB	NII	RII	Total Subscription
1st Day –
2nd Day –
3rd Day –
4th Day –
5th Day –
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.

ACS Technologies IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

ACS Technologies IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.

ACS Technologies IPO Equity Share Offering

Issue of 55,00,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.

ACS Technologies Limited – Company Overview

The Company was incorporated as ‘Applied Computer Sciences Organization Private Limited’ on June 04, 1980 with the Registrar of Companies, Hyderabad as a Private Limited company under the provisions of the Companies Act, 1956.

Pursuant to a special resolution passed by the shareholders on September 16, 1994, the name of the Company was changed to “ACS Technologies Private Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies – Hyderabad on October 06, 1994.

Subsequently, the Company was converted into a Public Limited Company ‘ACS Technologies Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies on September 20, 1995. The Corporate Identification Number of the Company is U72200TG1980PLC002703.

Business strategies of ACS Technologies Limited

widening of their customer base
Reduction of operational costs and achieving efficiency
To build-up a professional organization
Focus on a cordial relationship with our Suppliers, Customer, and employees
Optimal Utilization of Resources

ACS Technologies Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary of ACS Technologies IPO

On the basis of Standalone statement:-

Amount (in INR & lakhs)
	31-Dec-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	4,281.23	2,769.16	1,051.87	844.84
Total Revenue	4,244.12	4,222.87	3,183.03	2,994.83
Total Expense	3,864.87	4,119.30	3,093.36	2,946.73
Profit After Tax	280.05	150.59	76.09	35.31

Earnings per Equity Share (in lakhs)

	31-Dec-18	31-Mar-18	31-Mar-17	31-Mar-16
Basic & Diluted	3.42	7.57	7.46	3.46

From the above statements, one could find that ACS Technologies Limited may perform well.

ACS Technologies IPO – Promoters

The Promoter of this company is:

Mr. Ashok Kumar Buddharaju
Prabhakara Rao Alokam
Anitha Alokam
Mrs. Ramadevi Buddharaju

List of Related Parties (Key Managerial Personnel)

Ashok Kumar Buddharaju – CEO
Prabhakara Rao Alokam – CFO
Ms. Hema Kumari Gupta – Company Secretary & Compliance Officer

Interest in promotion of the Company

The promoters are interested in the Company to the extent that they have promoted the Company and to the extent of their shareholding, for which they are entitled to receive the dividend declared, and other distribution in respect of Equity Shares if any, by the Company.

Property Interest

The Promoters have no interest in any property acquired or proposed to be acquired by the Company within the two years from the date of this Draft Red Herring Prospectus.

Interest in Intellectual Rights of the Company

The Company does not have any Intellectual Property rights and has not entered into any trademark registration as on date of Draft Red Herring Prospectus.

ACS Technologies IPO Offer Details or Issue Details

Particulars	No. Of Equity Shares
Equity Shares Offered	Upto 55,00,000 Equity Shares of M 10 each for cash at a price of M [●] per share aggregating M [●] lakhs.
Of which:
Reserved for Market Makers	Upto 3,00,000 Equity Shares of M 10 each for cash at a price of M [●] per share aggregating M [●] lakhs
Net Issue to the Public	Upto 52,00,000 Equity Shares of M 10 each for cash at a price of M [●] per share aggregating M [●] lakhs
Of which:
Retail Investors Portion	Upto [●] Equity Shares of M 10 each at a price of M [●] per Equity Share will be available for allocation for Investors of up to M 2.00 lakhs
Non-Retail Investors Portion	Upto [●] Equity Shares of M 10 each at a price of M [●] per Equity Share will be available for allocation for Investors of up to M 2.00 lakhs
Equity Shares outstanding prior to the Issue	81,93,355 Equity Shares
Equity Shares outstanding after the Issue	Upto 13,693,355 Equity Shares

ACS Technologies IPO Issue Object

These are the IPO Issue Objects of the company

Meeting Working Capital Requirement.
Capex for Digital Signage and Setting up of PCB manufacturing unit in Telangana for Smart Technologies business vertical.
General Corporate Purpose.

ACS Technologies IPO – Basis of the 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:

One of the leading players in the IT Infrastructure Management segment.
Emerging Player in security solutions.
Diversified range of products appealing to a wide range of industries.
In house development and adoption of latest technology.
Product design and manufacturing capabilities.
Experienced management with strong industry expertise

The relevant quantitative factors are:

On the basis of standalone statement:-

	Basic & Diluted EPS	RONW	NAV (Rs.)
31-Dec-18	3.42	–	–
31-Mar-18	7.57	28.51%	18.53
31-Mar-17	7.46	40.36%	–
31-Mar-16	3.46	31.40%	–

Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:

Particulars	P/E ratio
Highest	–
Average	–
Lowest	–

Competitive Peers: Currently there is no listed company in India operating in this particular business segment with similar size, scale and business model and hence comparison with them is not possible.

ACS Technologies IPO Lead Managers

Book Running Lead Managers

MARK CORPORATE ADVISORS PRIVATE LIMITED
404/1, The Summit Business Bay, Sant Janabai Road (Service Lane),
Off W. E. Highway, Vile Parle (East), Mumbai-400 057
Tel No.: +91 22 2612 3207/08
E-Mail ID: smeipo@markcorporateadvisors.com
Website: www.markcorporateadvisors.com
Investor Grievance E-Mail ID:
compliance@markcorporateadvisors.com
Contact Person: Mr. Manish Gaur
SEBI Registration No.: INM000012128

ACS Technologies IPO Registrar to offer

Registrar to the Offer

BIGSHARE SERVICES PRIVATE LIMITED
C 101, 1stFloor, 247 Park,1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makhwana Road, Marol, Andheri (E),
Mumbai-400059.
Tel No.: +91 22 62638200
E-Mail ID: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Babu Rapheal
SEBI Registration No.: INR000001385