Investors can subscribe to the book-built issue until June 30, with allotment expected on July 1 and listing tentatively set for July 3 on the BSE SME platform.
The IPO is priced in the range of Rs 65 to Rs 69 per share. With a lot size of 2,000 shares. The issue is being managed by Narnolia Financial Services, while Skyline Financial Services acts as the registrar.
Founded in 2012, Ace Alpha Tech provides a suite of financial technology services that span institutional trading platforms, B2B retail trading tools, proprietary trading systems, and user management solutions.
With a focus on order efficiency, risk management, and fraud prevention, the company caters to a diverse clientele, from institutional investors to retail clients. As of March 2024, the company maintains a lean operational footprint with nine employees, reflecting its technology-first, asset-light model.
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Ace Alpha Tech’s financial performance underscores rapid growth. The company posted a PAT of Rs 10.65 crore for FY 2023–24, up from Rs 3.32 crore the previous year. Margins are notably strong, with a PAT margin of over 70% and an EBITDA margin approaching 96%.The company plans to utilize the proceeds from the fresh issue for capital expenditure, potential acquisitions, and general corporate purposes.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
