AccelerateBS India Limited

Company Profile
Company Name AccelerateBS India Limited
Open Date 06-07-2023
Close Date 11-07-2023
Exchange BSE SME
Lot Size 1600 Shares
Issue Price ₹ 90 per share
Issue Size 6,32,000 equity shares
Application Amount 1,44,000
Recommendation Avoid
AccelerateBS Limited was incorporated in the year 2011. The company is an ISO/IEC 27001:2022 and ISO 9001:2015 certified organization for Digital Technology Services provider with custom software development and consulting services. The company is a Digital Technology Services company offering multitude of boutique technology services to both B2B and B2C companies around the world. The company’s services include Digital Technology Services, DXP (Digital Experience Platforms) Consulting and Implementation Services, Digital projects, custom software development and consulting services, delivering powerful and scalable software systems. The company have built 100% inhouse capabilities across DXP platforms like Crownpeak, Optimizely, Contentful and Strapi are the some of the industry leading enterprise DXP platforms that the company specialize in. The company have full-spectrum capabilities across these platforms and this includes Front-end, Middleware, Backend, DXP layers as well as custom integrations with products like Salesforce, Marketo, Brightcove, Adobe Omniture, SAP Commerce etc. On the DXP Platform side, the company is a listed and a certified solution/service partner with Crownpeak Technology, Inc. Denver, USA, Contentful, Germany and Optimizely, London. The company is also one of the oldest and the experienced Crownpeak practice in India. They are now officially a part of Magnet Network.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Jan-23
Total Assets 180.95 200.65 283.25
Net Assets 102.46 111.03 205.42
Total Borrowings 24.00 45.34 33.82
Total Revenue 449.97 352.21 338.94
Profit After Tax 42.53 25.91 59.22

Tentative Timeline

Opening Date 06-07-2023
Closing Date 11-07-2023
Basis of Allotment 14-07-2023
Initiation of Refunds 17-07-2023
Credit of Shares to Demat 18-07-2023
Listing Date 19-07-2023

Objects of the Issue

Long-Term Working Capital Requirements
General Corporate Purposes

Contact Information

Registered Office AccelerateBS India Limited Office 604, Quantum Tower, Off S.V. Road, Ram Baug, Malad West, Mumbai – 400 064
Phone +91 96536 51592

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Website https;//

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 33,600 (5.32%)
Other Shares Offered 2,99,200 (47.34%)
Retail Shares Offered 2,99,200 (47.34%)
Total Shares Offered 6,32,000 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters) 100.00%
Post Issue Share Holding (Promoters) 70.59%

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