AccelerateBS India SME IPO hits Street; issue price, listing date, other important details to know

Digital technology services company AccelerateBS India launched an IPO on Thursday to raise up to Rs 5.7 crore. The SME IPO comprises fresh issuance worth up to Rs 1.7 crore, and an offer for sale by promoters and existing shareholders. 

Here are some of the key things to know about the SME IPO:

Important dates: The SME IPO of AccelerateBS India, which opened for subscription on July 6, will be available for bidding till July 11. The basis of allotment is likely to be finalised on July 14 and the credit of shares to take place on July 18. 

AccelerateBS shares will likely be listed on July 19. 

Issue price: The IPO is available at a fixed price of Rs 90 per share, translating to Rs 1,44,000 per lot. 

Lot size: Potential investors can participate in the AccelerateBS India IPO in multiples of 1,600 shares. 

Listing: The stock is likely to be listed on the BSE SME platform.  

Company profile: AccelerateBS India provides a host of technology services to B2B and B2C companies around the globe, including digital technology services, digital experience platforms (DXP) consulting and implementation services, digital projects, and custom software development services.

What is an SME IPO?

An SME IPO enables small- and medium-sized companies to raise funds from the public, just like a mainboard IPO, subject to certain conditions. 

Companies with post-issue paid-up capital of a minimum of Rs 1 crore and a maximum of Rs 25 crore qualify for the SME IPO route.

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