AccelerateBS IPO GMP, Review, Price, Allotment
Introduction
AccelerateBS India, incorporated in 2022, is a Digital Technology Services company that provides boutique technology services to both B2B and B2C companies worldwide. With a focus on digital experience platforms (DXP) and custom software development, AccelerateBS offers comprehensive solutions to its clients. In this article, we will delve into the details of AccelerateBS’s IPO, including the IPO description, dates, pricing, financial performance, valuations, and listing performance.
AccelerateBS IPO Description
AccelerateBS India specializes in digital technology services and consulting. The company has expertise in working with enterprise-level DXP platforms such as Crownpeak, Optimizely, Contentful, and Strapi. By leveraging these platforms, AccelerateBS delivers powerful and scalable software systems for its clients. It caters to various industries, including Insurance, Financial Services, Pharma, and Healthcare service providers.
AccelerateBS Services
AccelerateBS provides a range of services to its clients, which include:
- Digital Technology Services
- DXP (Digital Experience Platforms) Consulting and Implementation Services
- Digital projects
- Custom software development and consulting services
The company’s capabilities span across the Front-end, Middleware, Backend, and DXP layers. Moreover, it offers custom integrations with popular products like Salesforce, Marketo, Brightcove, Adobe Omniture, and SAP Commerce. AccelerateBS has gained substantial experience in building solutions for regulated industries, ensuring compliance and security.
AccelerateBS IPO Details
Here are the key details regarding AccelerateBS’s IPO:
- AccelerateBS IPO Dates: 6th to 11th July 2023
- Offer Price: INR 90 per share
- Fresh Issue: 1,88,800 shares (INR 1.70 crore)
- Offer For Sale: 4,43,200 shares (INR 3.99 crore)
- Total IPO Size: 6,32,000 shares (INR 5.69 crore)
- Minimum Bid (Lot Size): 1,600 shares (INR 144,000)
- Face Value: INR 10 per share
- Retail Allocation: 50%
- Listing On: BSE SME
AccelerateBS Financial Performance
Let’s examine AccelerateBS India’s financial performance based on the available figures:
| Fiscal Year | Revenue (INR Lakhs) | Expenses (INR Lakhs) | Net Income (INR Lakhs) |
|---|---|---|---|
| FY 2020 | 484.65 | 394.70 | 68.35 |
| FY 2021 | 449.97 | 390.03 | 42.53 |
| FY 2022 | 352.21 | 317.69 | 25.91 |
| 10M FY 2023 | 160.58 | 129.84 | 26.22 |
AccelerateBS has witnessed a decline in revenue over the years, with a significant drop in FY 2022. However, the company has managed to maintain a positive net income despite the challenging market conditions.
AccelerateBS Valuations & Margins
The following table presents the valuations and margins of AccelerateBS India:
| Fiscal Year | EPS | PE Ratio | RONW (%) | NAV | ROCE (%) | EBITDA (%) | Debt/Equity |
|---|---|---|---|---|---|---|---|
| FY 2020 | 6.78 | – | 128.84 | 5.26 | 206.76 | 22.63 | 0.00 |
| FY 2021 | 4.22 | – | 41.50 | 10.17 | 67.96 | 15.47 | 0.23 |
| FY 2022 | 2.57 | 35.02 | 23.33 | 11.02 | 42.87 | 13.51 | 0.41 |
AccelerateBS’s earnings per share (EPS) have been declining, reflecting a decrease in profitability. The company’s PE ratio suggests a relatively high valuation in FY 2022. Return on Net Worth (RONW) and Return on Capital Employed (ROCE) have also experienced a downward trend. It is important to consider these factors while evaluating the investment potential of AccelerateBS.
AccelerateBS IPO Dates & Listing Performance
Mark your calendars with the important dates related to AccelerateBS’s IPO:
- IPO Opening Date: 6th July 2023
- IPO Closing Date: 11th July 2023
- Finalization of Basis of Allotment: 14th July 2023
- Initiation of refunds: 17th July 2023
- Transfer of shares to demat accounts: 18th July 2023
- IPO Listing Date: 19th July 2023
- Opening Price on BSE SME: Coming soon
- Closing Price on BSE SME: Coming soon
Keep an eye on the listing performance of AccelerateBS to gauge market sentiment and investor response.
Conclusion
AccelerateBS India, a Digital Technology Services company, is set to enter the market with its IPO. With its expertise in DXP platforms and custom software development, AccelerateBS aims to deliver robust solutions to its clients. However, it is important to consider the financial performance and valuations of the company before making any investment decisions. Stay updated with the latest market developments and expert opinions to make an informed choice.
