The Accord Synergy IPO date has been confirmed to have started from June 22, 2017 and ended on June 28, 2017.
Using an IPO, Accord Synergy is seeking to raise Rs 12.35 crore. Its price is ₹60 per share and minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
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Bidding Dates
June 22-28
Price Range
₹60 per share
Face Value
₹10 per share
GMP
₹27.80
Accord Synergy IPO GMP
The Accord Synergy Limited IPO GMP is ₹27.80.
IPO Overview
The Accord Synergy IPO has a fixed price of Rs 5.83 crore. Bidding for the Accord Synergy IPO began on June 22, 2017 and finished on June 28, 2017. On July 6, 2017, the shares were listed on the NSE SME. The Accord Synergy initial public offering (IPO) price is $60 per share. An application requires a minimum lot size of 2000 Shares. Retail investors must make a minimum investment of $120,000 to participate.
COMPETITIVE STRENGTHS
- Qualified and experienced management team and employee base
- Ability to offer end to end telecom solutions
- Pan India reach
- Established relationship with clients
- Technology driven
- Timely completion of awarded work
Accord Synergy IPO Details
| IPO Date | June 22, 2017 to June 28, 2017 |
| Listing Date | July 6, 2017 |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 972,000 shares (aggregating up to ₹5.83 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Accord Synergy Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹72.00 |
| Low | ₹72.00 |
| High | ₹72.00 |
| Last Trade | ₹72.00 |
Accord Synergy IPO Listing Details
| Listing Date | July 6, 2017 |
| BSE Script Code | |
| NSE Symbol | ACCORD |
| ISIN | INE113X01015 |
| Final Issue Price | ₹60 per share |
Company Profile
Accord Synergy Ltd (ASL), founded in 2014, provides support services to the telecom industry in India through subcontracting. Through subcontracting, they provide services to high-end telecom segments such as network planning and optimisation, network rollout, managed services, and personnel solutions. They offer services such as telecom network planning, installation and commissioning, operation, expansion, modification, and maintenance, as well as manpower solutions; and technical site surveys, radio surveys, network planning, radio
and core equipment installation, installation supervision, and commission/integration services to various equipment and vendors. It caters to telecom equipment makers as well as network operators.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | accord.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Accord Synergy Ltd |
| Phone number | +91 265-2356800 |
| Email ID | compliance@accordsynergy.com |
| Website | www.accordsynergy.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
