AccelerateBS IPO Details ( AccelerateBS India Limited IPO Review )
(06 Jul 2023 – 11 Jul 2023)
AccelerateBS India Limited, established in 2022, is a Digital Technology Services company that caters to both B2B and B2C companies worldwide. The company offers a wide range of boutique technology services, including:
- Digital Technology Services
- Consulting and Implementation Services for Digital Experience Platforms (DXP)
- Execution of digital projects
- Custom software development and consulting services
- Delivery of robust and scalable software systems
AccelerateBS India is a highly specialized entity with expertise in DXP platforms such as Optimizely, Crownpeak, Contentful, and Strapi. These industry-leading enterprise DXP platforms are our area of specialization, and we have developed 100% in-house capabilities to effectively utilize them.
AccelerateBS India Limited IPO Competitive Strength
- Experienced promoters and management team
- Established relationships with customer base
- Integrated Technology Platform
- Specialty DXP Platforms
- Accessibility Compliance
- MAGNET Global Network
AccelerateBS India IPO Financials Performance ( Results )
AccelerateBS India Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 125.10 | 493.35 | 68.35 | 10.17 | 53.05 | 5.26 | – | – |
| 31-Mar-21 | 180.95 | 451.92 | 42.53 | 6.33 | 102.46 | 10.16 | – | 24.00 |
| 31-Mar-22 | 200.65 | 355.69 | 25.91 | 3.86 | 111.03 | 11.01 | – | 45.34 |
| 31-Jan-23 | 283.25 | 164.92 | 26.22 | 1.34 | 205.42 | 10.82 | 9.42 | 33.82 |
Objective of IPO Issue
- Long-Term Working Capital Requirements
- General corporate purposes
AccelerateBS IPO Basic Details
| IPO Date | Jul 06, 2023 to Jul 11, 2023 |
| Listing Date | Wednesday, July 19, 2023 |
| Face Value | ₹10 per share |
| Price | ₹90 per share |
| Lot Size | 1600 Shares |
| Issue Size | 632,000 shares (aggregating up to ₹5.69 Cr) |
| Fresh Issue | 188,800 shares (aggregating up to ₹1.70 Cr) |
| Offer for Sale | 443,200 shares of ₹10 (aggregating up to ₹3.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,960,000 |
| Share holding post issue | 2,148,800 |
| Company Promoters | Mr. Kunal Arvind Shah And Mr. Keyur Dipakkumar Shah |
AccelerateBS India IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
AccelerateBS IPO Timetable
AccelerateBS IPO will open on July 6, 2023 and close on July 11, 2023. You can join AccelerateBS IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 06 July 2023 (Thursday) |
| Closing Date | 11 July 2023 (Tuesday) |
| Basis of Allotment | 14 July 2023 (Friday) |
| Initiation of Refunds | 17 July 2023 (Monday) |
| Credit of Shares to Demat | 18 July 2023 (Tuesday) |
| Listing Date | 19 July 2023 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 11 July 2023 |
AccelerateBS IPO Lot Size
For retail investors in AccelerateBS IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹144,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹144,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| S-HNI (Min) | 2 | 3200 | ₹288,000 |
AccelerateBS IPO Promoter Holding
The company’s promoters include Mr. Kunal Arvind Shah And Mr. Keyur Dipakkumar Shah.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.59% |
AccelerateBS India Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial quarter.
| KPI | Values |
| Market Cap (₹ Cr.) | 19.34 |
| Earning Per Share (EPS) | ₹1.38 per Equity Share |
| Net Asset Value (NAV) | ₹10.82 per Equity Share |
| P/E Ratio (P/E) (x) | 35.02 |
| Return on Net Worth (RoNW) (%) | 12.77 |
| Return on equity (ROE) (%) | 15.80 |
| Return on Capital Employed (ROCE) (%) | 19.44 |
| Debt/Equity Ratio | 0.16 |
| Upper Price/Book Value (Price/BV) Ratio | 8.32 |
AccelerateBS India Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| AccelerateBS India Limited | Standalone | 90.00 | 10.00 | 2.57 | 35.02 | 23.33 | 11.02 |
| Peer Group | |||||||
| Happiest Minds Technologies Limited | Standalone | 919.40 | 2.00 | 13.21 | 69.60 | 27.84 | 46.96 |
| Persistent Systems Limited | Standalone | 5,135.80 | 10.00 | 89.74 | 57.23 | 20.67 | 430.78 |
| Kellton Tech Solutions Limited | Standalone | 62.46 | 5.00 | 1.16 | 53.84 | 7.72 | 14.62 |
| Saksoft Limited | Standalone | 237.50 | 1.00 | 25.89 | 9.17 | 17.99 | 14.37 |
| CG-Vak Software & Exports Limited | Standalone | 330.55 | 10.00 | 17.67 | 18.71 | 28.54 | 61.91 |
AccelerateBS India IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 18 July 2023 | ₹11 | – | – |
| 17 July 2023 | ₹11 | – | – |
| 16 July 2023 | ₹12 | – | – |
| 15 July 2023 | ₹12 | – | – |
| 14 July 2023 | ₹13 | – | – |
| 13 July 2023 | ₹12 | – | – |
| 12 July 2023 | ₹12 | – | – |
| 11 July 2023 | ₹11 | – | – |
| 10 July 2023 | ₹20 | – | – |
| 9 July 2023 | ₹20 | – | – |
| 8 July 2023 | ₹20 | – | – |
| 7 July 2023 | ₹20 | – | – |
| 6 July 2023 | ₹17 | – | – |
| 5 July 2023 | ₹0 | – | – |
AccelerateBS India IPO Detail Video:
AccelerateBS IPO Subscription Status (Bidding Detail)
The AccelerateBS IPO on July 11, 2023 at 7:30:00 PM was subscribed 49.19 times, with the retail category being subscribed 59.11 times, the Other category being subscribed 39.25 times.
| Category | Subscription |
| Other | 39.25x |
| Retail | 59.11x |
| Total | 49.19x |
AccelerateBS India IPO Prospectus
| AccelerateBS India IPO DRHP | Download |
| AccelerateBS India IPO RHP | Download |
| AccelerateBS India IPO Anchor Investors Details PDF | Download |
AccelerateBS India IPO Rating
| Our Rating | 2.0/5.0 |
AccelerateBS India Company Contact Information
Registered Office: Office 604, Quantum Tower, Off S.V. Road, Ram Baug,
Malad West, Mumbai – 400 064, Maharashtra, India
Tel No: +91 96536 51592
Email: investors@acceleratebs.com
Website: www.acceleratebs.com
Contact Person: MS. Poonam Dinesh Yadav, Company Secretary and Compliance Officer
Our Promoters: Mr. Kunal Arvind Shah And Mr. Keyur Dipakkumar Shah
AccelerateBS India IPO Registrar
Bigshare Services Private Limited
Registered Office: 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 Lead Manager
Shreni Shares Private Limited
Registered Office: 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 FAQs
What is the lot size of AccelerateBS India IPO?
The total size of AccelerateBS India IPO is ₹5.69 crores out of which ₹1.70 crores is fresh issue and ₹3.99 crores is offer for sale (OFS).
When will AccelerateBS India IPO start?
AccelerateBS India IPO will open from 6 July 2023 and IPO will close on 11 July 2023.
What is the open date of AccelerateBS India IPO?
AccelerateBS India IPO will open date from 06 July 2023.
What is the last date ( close date ) of AccelerateBS India IPO?
AccelerateBS India IPO will close from 11 July 2023.
What is the price band of AccelerateBS India IPO?
AccelerateBS India IPO price band is ₹90.
What is the minimum amount required to apply for AccelerateBS India IPO?
The minimum investment for retailers to apply for AccelerateBS India IPO is ₹144,000 and the maximum investment is ₹144,000.
What is going on gray market premium of AccelerateBS India IPO?
View gray market premium of AccelerateBS India IPO by Clicking Here
How much is the GMP of AccelerateBS India IPO?
Watch AccelerateBS India IPO GMP Today: Click Here
What is the allotment date of AccelerateBS India IPO?
The allotment date of AccelerateBS India IPO is 14 July 2023.
How to check allotment status in AccelerateBS India IPO?
To check the allotment status of AccelerateBS India IPO, first of all go to the registrar website by clicking here, select your bad AccelerateBS India IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of AccelerateBS India IPO?
The listing date of AccelerateBS India IPO is 19 July 2023.
How much will be the listing gain in AccelerateBS India IPO?
View listing gain of AccelerateBS India IPO by Clicking Here
How much time AccelerateBS India IPO is subscribed?
Total 49.19 times subscribed in AccelerateBS India IPO out of which 59.11 times subscription was done in retail quota, 39.25 times subscription in Other quota.
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