IPO Details

Bidding Dates

06 Jul '23 - 11 Jul '23

Minimum Investment

₹144,000 / 1 Lots (1600)

Price Range


Maximum Investment

₹144,000 / 1 Lots (1600)

Retail Discount

Not Applicable

Issue Size

₹5.69 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jul 6, 2023

IPO Closing Date

Jul 11, 2023

Basis of Allotment

Jul 14, 2023

Initiation of Refunds

Jul 17, 2023

Credit of Shares to Demat Account

Jul 18, 2023

IPO Listing Date

Jul 19, 2023

UPI Mandatory Expiry Date

Jul 11, 2023

IPO Subscription Details


Day 1Jul 6, 2023

2.11 1.07 1.59

Day 2Jul 7, 2023

3.30 4.57 3.93

Day 3Jul 10, 2023

5.62 16.07 10.85

Day 4Jul 11, 2023

16.08 34.22 22.16

IPO Subscription Status Live

Investor Category Subscription (Times)
Non-Institutional Buyers 16.08
Retail Investors 34.22
Total 25.16

About Company

AccelerateBS India Limited is a leading Digital Technology Services company that offers a wide range of specialised solutions to both B2B and B2C companies around the world. One of the key areas of expertise for AccelerateBS lies in Digital Experience Platforms (DXP) consulting and implementation services. They have built in-house capabilities across industry-leading enterprise DXP platforms such as Crownpeak, Optimizely, Contentful, and Strapi.

This expertise covers various layers of DXP, including front-end, middleware, backend, and custom integrations with popular products like Salesforce, Marketo, Brightcove, Adobe Omniture, SAP Commerce, and more. The company also has full-stack Microsoft and Node-based capabilities and is engaged in doing new-age decoupled builds with API first and microservices-based architectures.

AccelerateBS India Limited IPO Details  

AccelerateBS India Limited IPO is a fresh issue comprising 188,800 shares aggregating up to ₹ 169.92 lakhs and has an offer for sale of 443,200 Equity Shares aggregating to ₹398.88 lakhs. The price band is set to ₹90 per share with a face value of ₹10 per share. The lot size is 1600 shares. It will be listed on BSE SME.

AccelerateBS India Limited IPO Objectives 

The company proposes to use the net proceeds from the issue towards funding:

  • Long-term working capital requirements.
  • General corporate purposes.

Peer Details

Happiest Minds Technologies Limited, Persistent Systems Limited, Kellton Tech Solutions Limited, Saksoft Limited, and CG-Vak Software & Exports Limited are the listed peer companies operating in the same business line.  

Highlights of AccelerateBS India Ltd

  • AccelerateBS India is an agile, experienced service provider that offers a complete range of custom software development and consulting services in the Digital Transformation space. From idea to design to development and deployment, its proven consulting and development methodologies enable the company to consistently deliver robust and scalable software systems on time and within budget.
  • The company’s restated profit after tax for the financial years 2020, 2021 and 2022 and the period ended September 08, 2022, and January 31, 2023, was ₹68.35 Lakhs, ₹42.53 Lakhs, ₹25.91 Lakhs, ₹33.00 Lakhs and ₹26.22 Lakhs, respectively which marks slight inconsistency. 

The company is one of the oldest and an experienced Crownpeak (leading, enterprise-grade, cloud-first Digital Experience Management platform) practices in India. It is also now officially part of Magnet Network.

Company Financials

Particulars For the period ended Jan 31, 2023 (Rs. lakhs) For the period ended Sep 08, 2022 (Rs. lakhs) March 31, 2022 (Rs. lakhs)
Revenue from Operations 160.58 178.36 352.21
EBITDA 39.93 54.48 47.60
EBITDA Margin 24.86% 30.55% 13.51%
Profit After Tax (PAT) 26.22 33.00 25.91

Know before investing


  1. Having a MAGNET membership validates the company’s global and local credibility and provides scale, enhanced competitive muscle, partnerships, thought leadership and access to global markets.

  2. On the DXP Platform side, AccelerateBS is a listed and certified solution/service partner with Crownpeak Technology, Inc. Denver, USA, Contentful, Germany and Optimizely, London. As on January 2023, Optimizely has 9 solution partners in India, and Crownpeak has 4 partners in India – and AccelerateBS is one of them.


  1. The company has had negative cash flows in the past years, and the continuation of this trend could impact its growth and business.

  2. An inability to compete successfully against the competitors, pricing pressures or loss of market share could materially adversely affect AccelerateBS’s business, financial condition and results of operations.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

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AccelerateBS India Ltd IPO FAQs

What is AccelerateBS India Limited's IPO?

The AccelerateBS India Ltd IPO is a  fresh issue comprising 188,800 shares aggregating up to ₹ 169.92 lakhs and has an offer for sale of 443,200 Equity Shares aggregating to ₹398.88 lakhs. The issue is priced at ₹90 per share. The IPO will open on Thursday, 6 July 2023.   

When will AccelerateBS India Limited's IPO be allotted?

The Basis of Allotment will happen on Friday, 14 July 2023.

When will AccelerateBS India Limited's IPO open for subscription?

The IPO subscription window will open on Thursday, 6 July 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot, which consists of 1600 shares.

When will AccelerateBS India Limited list on exchanges?

AccelerateBS India Ltd IPO will list on the BSE exchange on Wednesday, 19 July 2023.

How do I check the allotment status of AccelerateBS India Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Validate with an OTP
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the AccelerateBS India Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Wednesday, 19 July 2023, for AccelerateBS India Ltd. 

I have finished the application process for the AccelerateBS India Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for AccelerateBS India Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of AccelerateBS India Limited using one PAN?

You can submit only one application using your PAN card.