Welcome to our analysis of ACE SOFTWARE EXPORTS LTD’s public offering. This post provides an overview of the company’s Initial Public Offering (IPO), which runs from 12 Apr 2024 to 26 Apr 2024. ACE SOFTWARE EXPORTS LTD, offers shares priced between 35.00 each, with a face value of ₹10.00 per share.
| Security Name | ACE SOFTWARE EXPORTS LTD |
|---|---|
| Start Date | 12-04-2024 |
| End Date | 26-04-2024 |
| Offer Price () | 35.00 |
| Face Value | 10.00 |
| Type Of Issue | Takeover |
| Issue Status | Live |
| Scripname | ACE SOFTWARE EXPORTS LTD |
| Security Type | Equity |
| Symbol | ACESOFT |
| Issue Type | Takeover |
| Issue Period | 12 Apr 2024 to 26 Apr 2024 |
| Tick Price | 0.01 |
| Market Lot | 1 |
| Book Size – No. Of Shares | 16,02,560 |
| Minimum Offer Quantity | 1 |
| Maximum Offer Quantity | 16,02,560 |
| Floor Price/Offer Price | 35.00 |
| Indicative Price | |
| Cummulative Bid Quantity | ( AS ON Apr 25 2024 4:00PM )
Total Cumulative Bidded QtySubscription% of Total Total2000.01% Demat Shares2000.01% Physical Shares00.00% |
| LTP | 147.28 |
| Name Of Acquirer(s)/Company | Amit Mansukhlal Mehta (Hereinafter referred to as ‘Acquirer’) Vaishali Amit Mehta (Hereinafter referred to as “PAC”) |
| Buyer Member | Pravin Ratilal Share and Stock Brokers Ltd |
| Book Running Lead Manager | VIVRO FINANCIAL SERVICES PRIVATE LIMITED |
| Registrar | Accurate Securities and Registry Private Limited |
| Exchange Notices | 1) Opening of Offer to Buy – Acquisition Window (Takeover) of ACE SOFTWARE EXPORTS LIMITED2) Offer to Buy – Acquisition Window (TAKEOVER) for ACE SOFTWARE LTD- Live Activities Schedule3) Settlement Schedule Offer to Buy – Acquisition Window (Takeover) for ACE SOFTWARE EXPORTS LTD.-$ |
The IPO, employing a book-building process, targets both non-institutional and qualified institutional investors. Bid quantities are capped at shares for non-institutional investors and shares for qualified institutional investors.
Exchange notices detail allocation to anchor investors, and Accurate Securities and Registry Private Limited acts as the registrar. are the sponsor banks.
