Ace Alpha Tech SME: Check IPO Date, Live Subscription and Key Details
Ace Alpha Tech is a financial technology (fintech) company providing a comprehensive suite of trading solutions to institutional investors, proprietary trading desks, brokers, and retail traders. Their key products and services include institutional trading tools, B2B retail trading platforms, user management systems, proprietary trading solutions, and custom trading/simulation solutions for backtesting and live deployment. The company generates revenue from software license fees, customization fees, annual maintenance contracts, hardware provisioning, and platform access/user management services.
Min Investment
₹128400
Price Range
₹101.00-107.00
Issue Size
₹47.15 Cr
IPO Type
BSE SME
Key Metrics
Check Live GMP
Face Value
₹10
EPS
7.85
P/E Ratio
8.79
RoNW
47.91%
ROE
%
Timeline
IPO Opens
26 Jun
IPO Closes
30 Jun
Allotment
1 Jul
Listing
3 Jul
IPO Objectives
- Capital Expenditure.
- Unidentified Acquisition and General Corporate Purposes.
Strengths
- Offers customized trading, risk management, and investment solutions tailored to specific client requirements across institutional, proprietary desk, and retail segments.
- Diverse customer segments, including institutional investors, proprietary trading desks, and retail traders, ensuring a broad and diversified client base.
- Strong revenue model with multiple streams, including software licensing fees, customization fees, annual maintenance contracts, and hardware provisioning, ensuring recurring revenues and scalability.
- Direct sales via management's outreach to potential clients, allowing for personalized solutions and strong client relationships.
- Robust technology framework designed for scalability, security, and regulatory compliance in the financial technology sector.
Weaknesses
- Heavy dependence on a small team of nine employees (as of March 31, 2024), which may pose scalability challenges and operational dependency risks as the company expands.
- Financial performance for Dec 31, 2024, shows a decline in both revenue and profit after tax compared to March 31, 2024, raising concerns about consistency and potential headwinds.
- Significant portion of IPO proceeds allocated for 'unidentified acquisitions and general corporate purposes,' which introduces uncertainty around future business direction and integration outcomes.
- Exposure to market volatility due to its trading-centric business, as performance can be affected by market downturns or changes in trading volumes.
- High reliance on technology can attract cybersecurity and data privacy risks, which could lead to significant financial and reputational damage.
Financial Performance
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 31.04 | 23.02 | 5.22 | 0.55 |
| Revenue (₹ Cr.) | 12.71 | 15.35 | 4.94 | 0.36 |
| PAT (₹ Cr.) | 8.47 | 10.65 | 3.32 | 0.13 |
| Net Worth (₹ Cr.) | 30.57 | 22.1 | 3.77 | 0.45 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 0.00x | 67.06x |
| NII | 0.69x | 1.31x | 170.71x |
| RII | 0.58x | 1.54x | 89.76x |
| Total | 0.44x | 1.05x | 100.65x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 8,80,000 | 5,90,10,000 | 407.17 |
| NII | 6,62,000 | 11,30,10,000 | 779.77 |
| RII | 15,44,000 | 13,85,94,000 | 956.30 |
| Total | 30,86,000 | 31,06,14,000 | 2,143.24 |
Company Details
- A/28 1st Floor, Jhilmil Industrial Area, Shahdara, East Delhi, New Delhi-110095, India
- +91 8851347242
- compliance@acealphatech.in
- http://www.acealphatech.in/
Registrar Details
- Skyline Financial Services Private Ltd
- 02228511022
- ipo@skylinerta.com
- https://www.skylinerta.com/ipo.php