Market Performance
Ace Alpha Tech's share price made a notable entry on the BSE SME platform on July 3, listing at Rs 81 per share.
This represents a 17.4% premium over the IPO issue price of Rs 69 per share.
- Listing Price: Rs 81
- IPO Price: Rs 69
- Listing Premium: 17.4%
While the debut was strong, the listing premium was lower than grey market expectations, which had indicated a price of Rs 99, a 43.5% jump over the IPO price.
Main News
Ace Alpha Tech witnessed strong demand from investors during its Initial Public Offering (IPO), which remained open from June 26 to June 30. The IPO was subscribed over 100 times, reflecting significant investor interest in the company's public debut.
The IPO consisted of:
- Total Issue Size: Rs 32.23 Crore
- Fresh Issue: Rs 24.48 Crore
- Offer for Sale (OFS): Rs 7.74 Crore
Investors could apply for a minimum lot of 2,000 shares, requiring a total investment of Rs 1.38 lakh.
Company Details
Ace Alpha Tech operates in the financial services sector, providing a comprehensive range of trading solutions and related services. Its portfolio includes:
- Legal and accounting services
- Bookkeeping and auditing
- Tax consultancy
- Market research and business advisory services
The company caters to a niche yet growing segment within the financial services industry, leveraging technology-driven platforms to deliver end-to-end solutions.
Summary of the Article
- Ace Alpha Tech shares debuted at Rs 81, marking a 17% gain over the issue price.
- The IPO, which closed on June 30, was subscribed over 100 times.
- Grey market data had suggested a stronger debut with a premium of 43.5%, although the actual listing was modest in comparison.
- The company raised Rs 32.23 Crore through its IPO, comprising fresh equity and OFS from promoters.
- Ace Alpha Tech offers tech-driven financial services across legal, auditing, tax, and research domains.
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