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SME IPO News

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(01 Jul 2025, 14:53)

BSE SME Ace Alpha Tech's IPO ends with subscription of 94 times

The offer received bids for 31.42 crore shares as against 33.50 lakh shares on offer.


The initial public offer (IPO) of Ace Alpha Tech received bids for 31,42,58,000 shares as against 33,50,000 shares on offer. The issue was subscribed 93.81 times.

Qualified Institutional Buyers (QIBs) bid for 5,90,10,000 shares, Non-Institutional Investors (NIIs) for 11,33,28,000 shares, while Retail Individual Investors (RIIs) placed bids for 14,19,20,000 shares.

The issue opened for bidding on 26 June 2025 and it closed on 30 June 2025. The price band of the IPO was set at Rs 65 to Rs 69 per share. The equity shares will list on BSE's SME platform.

The IPO comprised 46,70,400 equity shares, including a fresh issue of upto 35,48,400 equity shares and offer for sale (OFS) of upto 11,22,000 equity shares. The promoter and promoter group shareholding diluted to 43.90% from 55.80% pre-issue.

The company intends to utilize the net proceeds for capital expenditure, expenses of unidentified acquisition and general corporate purposes.

Ahead of the Ace Alpha Tech on 25 June 2025, raised Rs 9.10 crore from anchor investors. The board has allotted 13.20 lakh shares at Rs 69 per share to 4 anchor investors.

Ace Alpha Tech serves the financial industry with a comprehensive suite of trading solutions that cater to all types of clients, ranging from institutional investors to retail traders via brokers. It provides customized trading solutions using advanced, institutional-grade algorithms that function as a front-end layer over existing order management systems (OMS) or risk management systems (RMS), all of which are connected to the stock exchanges. As of 4 June 2025, the company had 26 employees.

The company recorded revenue from operations of Rs 11.54 lakh and net profit of Rs 8.47 lakh for the period ended 31 December 2024.


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