The initial public offering of Ace Alpha Tech was oversubscribed 101.75 times on the third and final day of bidding on Monday. It saw bids for 31,39,94,000 shares, compared to 30,86,000 on offer.
Qualified Institutional Buyers subscribed to the offer 67.06 times. Non-Institutional Investors subscribed to the IPO 170.79 times. Retail investors subscribed to the issue 91.92 times.
The IPO was subscribed 0.44 times on the first day and 1.05 times on the second day.
The price band for the IPO was set between Rs 65 and Rs 69 per share. It was a book-building issue of Rs 32.22 crore. It comprised a fresh issue of 35.48 lakh shares worth Rs 24.48 crore and an offer for sale of 11.22 lakh shares worth Rs 7.74 crore.
Allotment of shares is expected to be done on July 1. It is proposed to be listed on the BSE SME platform on July 3.
Ace Alpha Tech is a provider of legal and accounting services. It will use proceeds from the IPO to fund capital expenditure and for general corporate purposes.
Those who bid for shares in the IPO can check the allotment status on the websites of BSE and Skyline Financial Services.
Steps to Check Ace Alpha Tech IPO Allotment Status On BSE
Go to the official BSE website at https://www.bseindia.com/investors/appli_check.aspx.
Select the issue type as “Equity”.
Choose “ACE ALPHA TECH LIMITED” from the dropdown menu.
Enter your application number or PAN.
Complete the “Captcha” for verification.
Click on the “Search” button to view your allotment status.
Steps to Check Ace Alpha Tech IPO Allotment Status on Skyline Financial Services
Visit the official website of the registrar, Skyline Financial Services Pvt., here.
Select “ACE ALPHA TECH LIMITED” from the Check Application Status option.
Choose either DPID/Client ID, Application Number or PAN.
Enter the details per your selection.
Hit “Search” to check the allotment status.
Also Read: Moving Media Entertainment IPO Allotment Status: How To Check On NSE And Registrar Website
Ace Alpha Tech IPO GMP
The grey market premium (GMP) for the Ace Alpha Tech IPO stood at Rs 26 on July 1. It indicates a listing price of Rs 95 apiece, a premium of 37.68% per share on the upper end of the price band.
Note: GMP does not represent official data and is based on speculation.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
RECOMMENDED FOR YOU

Cryogenic OGS IPO Allotment Today: Steps To Check Status, Latest GMP And Listing Date


Crizac IPO GMP Jumps Ahead Of Allotment Today; Check Status, Latest GMP And Listing Date


Neetu Yoshi IPO Allotment Status: How To Check Status On BSE And Skyline Financial?


Ace Alpha Tech IPO: Check Subscription Status, Price Band, GMP, Offer Size And Other Key Details
