The Acropetal Technologies IPO is a Rs 170.00 crore book-built issuance. Bidding for the Acropetal IPO began on February 21, 2011 and finished on February 24, 2011. On March 10, 2011, the shares were listed on the BSE and NSE. The acropetal IPO pricing range is established at 88 to 90 cents per share. An application requires a minimum lot size of 60 shares. Retail investors must make a minimum investment of $5,400.
Acropetal Technologies Ltd., founded in 2001, is a mid-tier IT services and products corporation that provides information technology (IT) outsourced services to clients in the Engineering Design Services, Healthcare, and Energy and Environment sectors. Acropetal provides engineering design services in order to shorten the product design cycle time and expenses. Concept design, product design and development, advanced analysis, reliability engineering, and value engineering are among the services offered. Product quality improvement is an idea
Development, product deconstruction, material cost out, product re-design, and back office help to complete 2D drawings, Data Conversion, and 3D Modelling are all available. Acropetal Technologies is situated in Bangalore, India’s Silicon Valley. They also have a presence in Dubai, United Arab Emirates, through its subsidiary Vision Info Inc. The company wants to establish a new Software Development Centre and Corporate Office in Bangalore, as well as to establish operations in the United States, the United Kingdom, the Middle East, and South East Asia.
Acropetal IPO Details
| IPO Date | February 21, 2011 to February 24, 2011 |
| Listing Date | March 10, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹88 to ₹90 per share |
| Lot Size | 60 Shares |
| Total Issue Size | 18,888,889 shares (aggregating up to ₹170.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Acropetal IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹5,400 |
| Retail (Max) | 37 | 2220 | ₹199,800 |
Acropetal IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 9,659,091 (50.00%) | NA |
| NII (HNI) Shares Offered | 2,897,727 (15.00%) | |
| Retail Shares Offered | 6,761,363 (35.00%) | 112,689 |
| Total Shares Offered | 19,318,181 (100%) |
Objects of the Issue (Acropetal IPO Objectives)
The objects of the issue are:
- To finance the funds required for potential acquisitions,
- To set up a Software Development Center with a corporate office at Hosur Road, Bangalore;
- Expansion and Establishment of overseas offices;
- Part Repayment of Term Loans
- Additional Working Capital requirements:
- General Corporate Purposes;
- Meeting public Issue expenses.
Acropetal Company Financials
| Particulars (For the year/period ended (in Rs. Lacs) | 31-Dec-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 |
|---|---|---|---|---|---|---|
| Total Income | 10,637.45 | 10,808.51 | 9,280.49 | 5,970.03 | 4,093.65 | 709.71 |
| Profit After Tax (PAT) | 1813.26 | 1,955.09 | 1,658.58 | 1,306.37 | 1,277.59 | 250.89 |
Acropetal IPO Listing Details
| Listing Date | March 10, 2011 |
| BSE Script Code | 533330 |
| NSE Symbol | ACROPETAL |
| ISIN | INE055L01013 |
| Final Issue Price | ₹90 per share |
Acropetal Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹90.00 | ₹90.00 |
| Open | ₹130.00 | ₹92.00 |
| Low | ₹89.00 | ₹87.40 |
| High | ₹150.00 | ₹140.00 |
| Last Trade | ₹98.45 | ₹98.45 |
Acropetal Technologies Ltd Contact Details
Acropetal Technologies Ltd
2/10, 3rd Floor, Ajay Plaza,
1st Main, N.S. Palya, Bannerghatta Rd.,
Bangalore: 560 076, Karnataka
Phone: + 91-80-4155 9501/02
Email: ipo@acropetal.com
Website: http://www.acropetal.com
Acropetal IPO Registrar
Sharex Dynamic (India) Pvt Ltd
Phone: +91- 22 – 2851 5606
Email: atl.ipo@sharexindia.com
Website:
Acropetal IPO FAQs:
Q1. What is Acropetal IPO?
Ans. Acropetal IPO is a main-board IPO of 18,888,889 equity shares of the face value of ₹10 aggregating up to ₹170.00 Crores. The issue is priced at ₹88 to ₹90 per share. The minimum order quantity is 60 Shares. The IPO opens on February 21, 2011, and closes on February 24, 2011. Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Q2. When Acropetal IPO will open?
Ans. The Acropetal IPO opens on February 21, 2011 and closes on February 24, 2011.
Q3. What is the lot size of Acropetal IPO?
Ans. Acropetal IPO lot size is 60 Shares, and the minimum amount required is ₹5,400.
Q4. When is Acropetal IPO allotment?
Ans. The finalization of Basis of Allotment for Acropetal IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q5. When is Acropetal IPO listing date?
Ans. The Acropetal IPO listing date is on March 10, 2011.
