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
- 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.
- 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.
- 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:
- Funds will be used to meet capital expenditure needs for business expansion and growth.
- 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:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- 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?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Ace Alpha Tech IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- 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
- Contact Number: 02228511022
- Email Address: ipo@skylinerta.com
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 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 1,487.12 | 489.26 |
| Profit/ (loss) for the year (in ₹ lakh) | 1,065.40 | 332.31 |
| Earnings per Share (₹) | 7.85 | 2.56 |
| Net Worth (in ₹ lakh) | 2,198.07 | 376.85 |
| Return on Equity Ratio | 0.82 | 1.58 |
| Return on Net Worth (RoNW) (%) | 48.20 | 88.18 |
| EBITDA (in ₹ lakh) | 1,427.41 | 444.55 |
Know before investing
Strengths
8Offers one-stop trading solutions, reducing operational complexity for clients.
Serves institutions, prop desks, and retail traders for diversified revenue.
Generates income from subscriptions, licenses, and consulting services.
Backed by a skilled tech and support team for client satisfaction.
Focused on global expansion and partnerships for future market growth.
Direct sales approach helps deliver customised solutions to new clients.
Provides end-to-end IT solutions, streamlining brokers' technical processes.
Targets India's ₹8,68,700 crore software market with custom platforms.
Risks
8Heavy reliance on few clients risks revenue stability and growth.
Promoter group controls 43.90% post-issue, limiting shareholder influence.
Loss of key team members may affect business continuity significantly.
No listed company experience among directors raises compliance concerns.
Lack of office ownership may disrupt business operations if terminated.
Dual role of promoter may hinder effective corporate decision-making.
Negative cash flows reported may affect future financial health.
Non-compliance risks under Companies Act could impact company’s reputation.
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 |
