AccelerateBS India Ltd - IPO

AccelerateBS India Ltd IPO Details

Initial public offering of 6,32,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Acceleratebs India Limited (Accelerate or The Company or The Issuer) for cash at a price of Rs. 90 /- per equity share (including a premium of Rs. 80/- per equity share) (Offer Price) aggregating to Rs. 5.69 crores comprising of fresh offer of 1,88,800 equity shares aggregating to Rs. 1.70 crores (Fresh Offer) and an offer for sale of 4,43,200 equity shares by Kunal arvind Shah and Keyur Dipakkumar Shah (Selling Shareholders) aggregating to Rs. 3.99 crores (Offer for Sale) (The Offer) of which 33,600 equity shares aggregating to Rs. 0.30 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of 5,98,400 equity shares of face value of Rs. 10/- each at an offer price of Rs. 90 /- per equity share aggregating to Rs. 5.39 crores (Net Offer). The offer and the net offer will constitute 29.41 % and 27.85% of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the offer price is 9.0 times of the face value.

Objective of issue

Long-Term Working Capital Requirements. General Corporate Purposes.

AccelerateBS India Ltd Contact Details

AccelerateBS India Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@acceleratebs.com

Website - www.acceleratebs.com