Registered Office:
Office 604 Quantum Tower, Off-,S.V.Rd,Ram Baug Malad West,
Mumbai -
400064,
Maharashtra, India.
Phone : +91 96536 51592 Fax:
Email : investors@acceleratebs.com
Website : www.acceleratebs.com
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| 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.
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| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 06-Jul-23 |
11-Jul-23 |
90.00-0.00 |
0.00-0.00 |
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Minimum Application for shares in Nos :
1600
Further Multiples of :
1600
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|
| |
(Rs.Cr) |
Lead Managers to the Issue |
| Project Cost |
1.43 |
Shreni Shares Pvt Ltd
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| Project Financed through Current Offer |
5.69 |
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| Post Issue Equity Share Capital |
2.15 |
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| Issue Price |
90.00 |
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