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Acropetal IPO is a book built issue of Rs 170.00 crores.
Acropetal IPO bidding started from February 21, 2011 and ended on February 24, 2011. The shares got listed on BSE, NSE on March 10, 2011.
Acropetal IPO price band is set at ₹88 to ₹90 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹5,400.
Saffron Capital Advisors Private Limited is the book running lead manager of the Acropetal IPO, while Sharex Dynamic (India) Pvt Ltd is the registrar for the issue.
Refer to Acropetal IPO RHP for detailed information.
| IPO Date | February 21, 2011 to February 24, 2011 |
| Listing Date | March 10, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹88 to ₹90 per share |
| Lot Size | 60 Shares |
| Total Issue Size | 18,888,889 shares (aggregating up to ₹170.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 20,000,000 |
| Share holding post issue | 38,888,889 |
Acropetal IPO offers 19,318,181 shares. 9,659,091 (50.00%) to QIB, 2,897,727 (15.00%) to NII, 6,761,363 (35.00%) to RII. 112,689 RIIs will receive minimum 60 shares and (sNII) and (bNII) will receive minimum 2,280 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 9,659,091 (50.00%) | NA |
| NII (HNI) Shares Offered | 2,897,727 (15.00%) | |
| Retail Shares Offered | 6,761,363 (35.00%) | 112,689 |
| Total Shares Offered | 19,318,181 (100%) |
Investors can bid for a minimum of 60 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹5,400 |
| Retail (Max) | 37 | 2220 | ₹199,800 |
| Lot Size Calculator | |||
Mr. D. Ravi Kumar, aged 42 years, is the Promoter and Chairman & Managing Director of the Company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 51.43% |
Incorporated in 2001, Acropetal Technologies Ltd is mid-tier IT services and products firm which offers Information Technology (IT) outsourcing services to clients in Engineering Design Services, Healthcare, and Energy and Environment sectors.
Acropetal offers Engineering Design Services to reduce product design cycle time and costs. The services include concept design, product design & development, advanced analysis, reliability engineering and value engineering. Other services are product quality improvement, idea generation, product teardown, material cost out, product re-design, back office support to accomplish 2D Drawings, Data Conversion and 3D Modeling.
Acropetal Technologies headquartered in Bangalore, the silicon valley of India. They also have presence in Dubai, UAE, through subsidiary Vision Info Inc. Company intends to set up new Software Development Center cum Corporate Office in Bangalore and also expand its geographical presence in the US, UK, Middle east and South East Asia by setting up offices.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
| 31-Dec-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 10,637.45 | 10,808.51 | 9,280.49 | 5,970.03 | 4,093.65 | 709.71 |
| Profit After Tax (PAT) | 1813.26 | 1,955.09 | 1,658.58 | 1,306.37 | 1,277.59 | 250.89 |
| KPI | Values |
|---|---|
| RoNW | 22.99% |
The objects of the Issue are:
1. To finance the funds required for potential acquisitions;
2. To set up a Software Development Center cum Corporate Office at Hosur Road, Bangalore;
3. Expansion & Establishment of overseas offices;
4. Part Repayment of Term Loans;
5. Additional Working Capital requirements;
6. General Corporate Purposes;
7. Meeting public Issue expenses.
The Acropetal IPO is subscribed 1.28 times on February 24, 2011 5:00:00 PM. The public issue subscribed 1.21 times in the retail category, 1.12 times in the QIB category, and 2.00 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.12 |
| NII | 2.00 |
| Retail | 1.21 |
| Total | 1.28 |
ICRA has assigned an IPO Grade 3 to Acropetal Technologies Ltd IPO. This means as per ICRA, company has 'Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the ICRA IPO Grading Document for Acropetal Technologies Ltd.
Acropetal Technologies Ltd IPO, Acropetal Technologies IPO, Acropetal IPO Bidding, Acropetal Technologies IPO Allotment Status,Acropetal Technologies IPO drhp and Acropetal Technologies IPO listing.
| Listing Date | March 10, 2011 |
| BSE Script Code | 533330 |
| NSE Symbol | ACROPETAL |
| ISIN | INE055L01013 |
| Final Issue Price | ₹90 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹90.00 |
| ₹130.00 |
| ₹89.00 |
| ₹150.00 |
| ₹98.45 |
| NSE |
|---|
| ₹90.00 |
| ₹92.00 |
| ₹87.40 |
| ₹140.00 |
| ₹98.45 |
Acropetal Technologies Ltd
2/10, 3rd Floor, Ajay Plaza,
1st Main, N.S. Palya, Bannerghatta Rd,
Bangalore – 560 076, Karnataka
Phone: + 91-80-4155 9501/02
Email: ipo@acropetal.com
Website: http://www.acropetal.com
Sharex Dynamic (India) Pvt Ltd
Phone: +91- 22 - 2851 5606
Email: atl.ipo@sharexindia.com
Website:
Acropetal IPO is a main-board IPO of 18,888,889 equity shares of the face value of ₹10 aggregating up to ₹170.00 Crores. The issue is priced at ₹88 to ₹90 per share. The minimum order quantity is 60 Shares.
The IPO opens on February 21, 2011, and closes on February 24, 2011.
Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Acropetal IPO opens on February 21, 2011 and closes on February 24, 2011.
Acropetal IPO lot size is 60 Shares, and the minimum amount required is ₹5,400.
You can apply in Acropetal IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Acropetal IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Acropetal IPO allotment status.
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RHP
IPO Mentor (900+ Posts, 600+ Likes)
Top Contributor (1000+ Posts, 200+ Likes)
I think its financials cannot be trusted. It could fall down to 40, 11 and then below Rs.10.