Ace Alpha Tech Unveils Rs 32.22 Crore IPO on BSE SME Platform
By ScanX News Team
Ace Alpha Tech is launching its IPO with a total issue size of Rs 32.22 crore, comprising a fresh issue of Rs 24.48 crore and an offer for sale of Rs 7.74 crore. The IPO will be open for subscription from June 26 to June 30, with a price band of Rs 65-69 per share. The minimum lot size is 2,000 shares. The company is set to list on the BSE SME Platform, tentatively on July 3.
*this image is generated using AI for illustrative purposes only.
Ace Alpha Tech, a company poised to enter the public market, has announced the launch of its Initial Public Offering (IPO) with a total issue size of Rs 32.22 crore. The IPO is set to open for subscription from June 26 to June 30, offering investors an opportunity to participate in the company's growth story.
IPO Structure and Pricing
The IPO comprises two components:
- Fresh Issue: The company aims to raise Rs 24.48 crore through a fresh issue of 35.48 lakh equity shares.
- Offer for Sale (OFS): Existing shareholders will offer 11.22 lakh shares, amounting to Rs 7.74 crore.
Ace Alpha Tech has set the price band for its IPO at Rs 65-69 per share. Investors can bid for a minimum lot size of 2,000 shares, with the option to bid for multiples thereof.
Subscription and Listing Details
| Item | Detail |
|---|---|
| Subscription Period | June 26 to June 30 |
| Listing Date | Tentatively July 3 |
| Listing Venue | BSE SME Platform |
Key Highlights
| Item | Detail |
|---|---|
| Total Issue Size | Rs 32.22 crore |
| Fresh Issue | Rs 24.48 crore |
| Offer for Sale | Rs 7.74 crore |
| Price Band | Rs 65-69 per share |
| Lot Size | 2,000 shares |
Investors interested in participating in the Ace Alpha Tech IPO should conduct thorough research and consider their financial goals before making an investment decision. As with any investment, it's advisable to read the company's prospectus and seek professional financial advice if needed.
The listing on the BSE SME platform indicates that Ace Alpha Tech falls under the small and medium enterprise category, which may present unique opportunities and risks for potential investors.
As the IPO approaches, market participants will be keen to observe the subscription levels and the company's performance post-listing on the BSE SME platform.
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