IPO Details

Bidding Dates

26 Jun '25 - 30 Jun '25

Minimum Investment

₹1,21,200/ 1 Lot (1,200 Shares)

Price Range

₹101-₹107

Maximum Investment

₹1,28,400/ 1 Lot (1,200 Shares)

Retail Discount

To be announced

Issue Size

₹47.15 Cr

Investor category and sub category

Retail Individual Investors (RII)   |   Non-institutional Investors (NII)   |   Qualified Institutional Buyers (QIB)  |  

Ace Alpha Tech IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 26, 25

IPO Closing Date

Jun 30, 25

Basis of Allotment

Jul 01, 25

Initiation of Refunds

Jul 02, 25

IPO Listing Date

Jul 03, 25

About Ace Alpha Tech IPO

Ace Alpha Tech IPO is a book-built issue worth ₹47.15 crore. It includes a fresh issue of 32.84 lakh shares, aggregating to ₹35.14 crore, and an offer for sale of 11.22 lakh shares, amounting to ₹12.01 crore. The IPO will open for subscription on June 26, 2025, and close on June 30, 2025. 

The basis of allotment is expected to be finalised on July 1, 2025. Ace Alpha Tech is proposed to be listed on the BSE SME platform with a tentative listing date of July 3, 2025. The IPO price band has been set between ₹101 and ₹107 per share. Retail investors must apply for a minimum of 1200 shares, which translates to an investment of ₹1,21,200. 

To avoid missing out due to oversubscription, bidding at the cutoff price requires around ₹1,28,400. For HNI investors, the minimum application is 2 lots or 2,400 shares, requiring an investment of ₹2,56,800.

Narnolia Financial Services Limited is the book-running lead manager for this IPO, and Skyline Financial Services Private Limited is the registrar for the issue. Refer to the RHP for more in depth details.

Industry Outlook

  1. The global IT market is projected to grow from USD 11,681.64 billion in 2024 to USD 29,886.75 billion by 2033 at a CAGR of 11%, driven by rising demand for digital transformation, cloud computing, and cybersecurity solutions.
  2. India’s IT sector is expected to reach USD 350 billion by 2026 and contribute 10% to the country’s GDP, with export revenues from IT services touching USD 199 billion in FY24 and IT spending expected to grow 11.1% in 2024 to USD 138.6 billion.
  3. India’s public cloud services market, estimated to hit USD 17.8 billion by 2027, along with the projected ninefold increase in digitally skilled workers by 2025, signals strong infrastructure and talent support for IT growth.

Ace Alpha Tech IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Funds will be used to meet capital expenditure needs for business expansion and growth.
  2. The company also aims to use the funds for general corporate purposes, including operational and strategic needs.

About Ace Alpha Tech Limited 

Ace Alpha Tech Limited, formerly known as DM Prime Square Research & Analytics Private Limited, was incorporated on October 8, 2012, under the Companies Act, 1956. The company underwent a name change on May 17, 2024, and became Ace Alpha Tech Private Limited. 

It was later converted into a public limited company on September 12, 2024, and renamed Ace Alpha Tech Limited. The company’s registered office is in Jhilmil Industrial Area, Delhi, and its corporate office is located in Sector 64, Noida.

Ace Alpha Tech Limited offers advanced trading technology solutions to the financial industry. It provides institutional-grade trading strategies, order management integration, and direct market access consultancy. The company’s custom-built solutions use advanced algorithms that work seamlessly with existing systems and offer risk-managed, automated trading environments.

The platform supports back testing and strategy simulation, enabling clients to validate and optimise their trading models. It also features user and risk management systems for efficient onboarding and monitoring. Its proprietary trading system caters to high-volume traders by offering electronic trading, algorithmic execution, and data-driven strategy optimisation.

Ace Alpha Tech Limited supports institutional trading setups, B2B retail trading, and proprietary solutions, backed by end-to-end client support. Its focus on secure, scalable, and customised technology makes it a reliable partner for trading firms looking to enhance operational efficiency and performance in today’s fast-paced financial markets.

How To Check the Allotment Status of Ace Alpha Tech IPO?

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

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Ace Alpha Tech IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Ace Alpha Tech IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Ace Alpha Tech IPO 

Registered office: A/28 1st Floor, Jhilmil Industrial Area, Shahdara, East Delhi, Delhi, India, 110095

Phone:+91 8851347242

E-mail:compliance@acealphatech.in

Ace Alpha Tech IPO Reservation

Investor Category

Shares Offered

Market Maker Shares

2,64,000 (5.65%)

QIB Shares

22,02,000 (47.15%)

Anchor Investor Shares

13,21,200 (28.29%)

QIB (Ex. Anchor)

8,80,800 (18.86%)

NII (HNI) Shares

6,61,200 (14.16%)

Retail Shares

15,43,200 (33.04%)

Total Shares

46,70,400 (100.00%)

Ace Alpha Tech IPO Promoter Holding

The promoters of the company include Gaurav Sharma and Arika Securities Private Limited.

Share Holding Pre-Issue

55.80%

Share Holding Post Issue

43.90%

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Ace Alpha Tech IPO Lot Size

Investors can place bids starting from 1,200 shares and in multiples thereafter. The table below shows the minimum and maximum investment limits for both Retail Investors and High Net-Worth Individuals (HNIs) in terms of the number of shares and the corresponding investment amount.

Application

Lots

Shares

Amount

Retail (Min)

1

1,200

₹1,21,200

Retail (Max)

1

1,200

₹1,28,400

HNI (Min)

2

2,400

₹2,56,800

Ace Alpha Tech IPO – Anchor Investor Details

Particulars

Details

Anchor Investment Date

June 25, 2025

Total Shares Allotted to Anchor Investors

13,21,200

Total Anchor Investment Amount

₹14.14 crore

Lock-in End Date for 50% of the Shares (30 Days)

July 31, 2025

Lock-in End Date for Remaining Shares (90 Days)

September 29, 2025

Key Performance Indicators for Ace Alpha Tech IPO

KPI

Value

RoCE (%)

109.31

Price to Book Value

1.55

RoNW (%)

47.91

PAT Margin

70.81

Ace Alpha Tech IPO Prospectus

Ace Alpha Tech IPO Registrar and Lead Managers

Ace Alpha Tech IPO Lead Managers

  • Narnolia Financial Services Limited

Registrar for Ace Alpha Tech IPO

Skyline Financial Services Private Limited

Ace Alpha Tech IPO Registrar

Financial Performance of Ace Alpha Tech Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 1,487.12 489.26 32.00
Profit/ (loss) for the year (in ₹ lakh) 1,065.40 332.31 13.45
Earnings per Share (₹) 7.85 2.56 0.10
Net Worth (in ₹ lakh) 2,198.07 376.85 44.53
Return on Equity Ratio 0.82 1.58 0.36
Return on Net Worth (RoNW) (%) 48.20 88.18 30.20
EBITDA (in ₹ lakh) 1,427.41 444.55 18.12

Know before investing

Strengths

5

  1. Offers one-stop trading solutions, reducing operational complexity for clients.

  2. Serves institutions, prop desks, and retail traders for diversified revenue.

  3. Generates income from subscriptions, licenses, and consulting services.

  4. Backed by a skilled tech and support team for client satisfaction.

  5. Focused on global expansion and partnerships for future market growth.

Risks

5

  1. Heavy reliance on few clients risks revenue stability and growth.

  2. Promoter group controls 43.90% post-issue, limiting shareholder influence.

  3. Loss of key team members may affect business continuity significantly.

  4. No listed company experience among directors raises compliance concerns.

  5. Lack of office ownership may disrupt business operations if terminated.

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Ace Alpha Tech IPO Peer Comparison

Company Name EPS (Basic) EPS (Diluted) P/E (x) RoNW (%)
Ace Alpha Tech Limited 7.85 7.85 - 47.91
63 Moons Technologies Limited 35.75 35.75 22.96 4.90

Ace Alpha Tech IPO FAQs

What is the Ace Alpha Tech IPO?

Ace Alpha Tech IPO is a book-built issue IPO. It runs from June 26, 2025, to June 30, 2025.

When will the Ace Alpha Tech IPO be allotted?

The Basis of Allotment will happen on Tuesday, July 1, 2025.

When will the Ace Alpha Tech IPO open for subscription?

The IPO subscription window will open on June 26, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,200 shares.

When will the Ace Alpha Tech IPO list on exchanges?

The listing date for Ace Alpha Tech IPO is Thursday, July 3, 2025.

What is the issue size of the Ace Alpha Tech IPO?

The issue size of the Ace Alpha Tech IPO is up to ₹47.15 crore.

What are the open and close dates of the Ace Alpha Tech IPO?

The open and close dates for Ace Alpha Tech IPO are from June 26, 2025, to June 30, 2025.

What would be the listing gains on the Ace Alpha Tech IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

When will I know if my Ace Alpha Tech IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Ace Alpha Tech IPO?

Skyline Financial Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Ace Alpha Tech IPO getting listed?

Ace Alpha Tech IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (NSE).