Ace Alpha Tech IPO: The IPO of Ace Alpha Tech will be closed at 5 pm today. This IPO has seen tremendous response from the market. By 1:44 pm on the last day of bidding on Monday, this IPO has received 34.65 times subscription. Bids were received for 10,69,44,000 shares against 30,86,000 shares offered. Retail and non-institutional investor categories have been subscribed to 33.21 times and 55.30 times respectively. The QIBS category has received 21.67 times subscription. Let us know that the IPO of Ace Alpha Tech is ₹ 32.22 crore, which will be list on BSE SME.
Let us tell you that the Ace Alpha Tech established in 2012 provides legal and professional counseling services. Also provides trading and risk management platforms. It provides products such as institutional trading tools, B2B retail platforms and proprietary trading systems.
Complete information of Ace Alpha Tech IPO
The IPO was open to bid on 26 June and 30 June is its last date. This IPO includes fresh issue of 35.48 lakh equity shares of ₹ 24.48 crore and 11.22 lakh shares of ₹ 7.74 crore. The price band of the IPO is ₹ 65 to ₹ 69 per share. The company’s shares are proposed to list the BSE SME platform. Ace Alpha Tech’s IPO is to be allotted on 1 July and listing on 3 July. After being allotment out, investors can check their status on the websites of BSE or Registrar Skyline Financial Services Private Limited.
Narnolia Financial Services Ltd is a book-hanging lead manager for this issue, Skyline Financial Services PRIVATE LTD is LTD Registrar, and SS Corporate Securities Limited is working as a market maker.
How is the company’s financial health?
In terms of financial performance, Ace Alpha Tech has shown significant increase in previous years. For a period of nine months ended on 31 December 2024, the company registered a revenue of ₹ 12.71 crore and a tax of ₹ 8.47 crore. At the same time, it recorded a revenue of ₹ 15.35 crore for the entire financial year 24 and a net profit of ₹ 10.65 crore, which was ₹ 4.94 crore and ₹ 3.32 crore respectively in FY 23.
As of December 2024, the company’s assets were ₹ 31.04 crore, which was ₹ 23.02 crore at the end of FY 24 and only ₹ 5.22 crore in FY 23. EBITDA also improved a tremendous improvement and in FY 24 it increased to ₹ 14.27 crore, compared to ₹ 4.45 crore in FY 23 and only ₹ 0.18 crore in FY 22.
Ace Alpha Tech IPO’s latest gmp
The IPO of Ace Alpha Tech has received a good response from the market so far. Its gray market premium (GMP) has also seen a positive increase. According to IPO market supervisors, the Gmp of Ace Alpha Tech IPO is 36.23% on 30 June. That is, it shows a strong listing gain for investors.