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

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.


ACS Technologies IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.1/10
Company Background7.3/10
Company Reputation7.2/10
Competitive Edge7.7/10
Financial Statements7.1/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite7.1/10
Top Brokers Review7.9/10
Overall Ratings7.4/10
Star Ratings★★★★☆

Summary of ACS Technologies IPO

ACS Technologies IPOThe 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.



ACS Technologies IPO Date

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


ACS Technologies IPO Subscription

Day / DateQIBNIIRIITotal 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-1831-Mar-1831-Mar-1731-Mar-16
Total Assets4,281.232,769.161,051.87844.84
Total Revenue4,244.124,222.873,183.032,994.83
Total Expense3,864.874,119.303,093.362,946.73
Profit After Tax280.05150.5976.0935.31

Earnings per Equity Share (in lakhs)

31-Dec-1831-Mar-1831-Mar-1731-Mar-16
Basic & Diluted3.427.577.463.46

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 PortionUpto [●] 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 Issue81,93,355 Equity Shares
 Equity Shares outstanding after the IssueUpto 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 EPSRONW NAV (Rs.)
31-Dec-183.42
31-Mar-187.5728.51%18.53
31-Mar-177.4640.36%
31-Mar-163.4631.40%
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:
ParticularsP/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:
Website: www.markcorporateadvisors.com
Investor Grievance E-Mail ID:

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:
Website: www.bigshareonline.com
Contact Person: Mr. Babu Rapheal
SEBI Registration No.: INR000001385

ACS Technologies IPO Other Details:

  • Statutory Auditor – M/s. M. M. Reddy & Co., Chartered Accountants
  • Peer Review Auditor – M/s. M. M. Reddy & Co., Chartered Accountants
  • Bankers to the Company – HDFC Bank Limited

ACS Technologies IPO Grey Market Premium

The ACS Technologies IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Subscribe to ACS Technologies IPO

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  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker


ACS Technologies IPO News

News 1 – Download DRHP Prospectus


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