Acropetal Technologies Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 9,444,444 (50%) | — | ₹8,500 Cr |
| NII (HNI) | — | 2,833,333 (15%) | — | ₹2,550 Cr |
| Retail | — | 6,611,112 (35%) | — | ₹5,950 Cr |
| Σ Total | — | 18,888,889 (100%) | — | ₹170,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹5,400 |
| Retail (Max) | 13 | 780 | ₹70,200 |
| S-HNI (Min) | 14 | 840 | ₹75,600 |
| B-HNI (Min) | 67 | 4,020 | ₹361,800 |
Financial Statements Amount in Lakhs
| Metric | 31-Dec-10 | 31-Mar-10 | 31-Mar-09 |
|---|---|---|---|
| Revenue | 10,637 | 10,809 | 9,280 |
| Profit After Tax | 1,813 | 1,955 | 1,659 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Proposed Acquisitions – 5.50
- 2 Setting up of Software Development Centre and Corporate Office – 2.62
- 3 Expansion & Establishment of overseas offices – 1.94
- 4 Part Repayment of Term Loans – 2.50
- 5 Additional Working Capital requirements – 2.50
- 6 Public Issue Expenses – 1.50
- 7 General Corporate Purposes – 0.44
Company Overview
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.