Ace Alpha Tech IPO – Exciting ₹101

ACE ALPHA TECH IPO Details

Ace Alpha Tech IPO is a fully book-built issue with a total IPO size of ₹47.15 crores. It includes a fresh issue of 32.84 lakh shares worth ₹35.14 crores and an offer for sale (OFS) of 11.22 lakh shares aggregating to ₹12.01 crores.

The Ace Alpha Tech IPO subscription opens on June 26, 2025 and closes on June 30, 2025. The allotment is expected to be finalized by July 1, 2025, and the IPO is likely to be listed on the BSE SME platform by July 3, 2025.

The price band for the Ace Alpha Tech IPO is set at ₹101 to ₹107 per share, offering an opportunity for SME investors. The IPO registrar is Skyline Financial Services Private Limited, and the lead manager is Narnolia Financial Services Limited.

If you're considering investing in the Ace Alpha Tech IPO, review the company’s business model, financial performance, and SME market outlook before making your decision.

For better comparisons, explore our list of upcoming IPOs in India and recent BSE SME listings.

IPO Schedule

IPO Open Date	Thursday, 26 Jun, 2025
IPO Close Date	Monday, 30 Jun, 2025
IPO Allotment Date	Wednesday, 02 Jul, 2025
Refund Initiation	Wednesday, 02 Jul, 2025
Share credit in Demat	Wednesday, 02 Jul, 2025
Listing Date	Thursday, 03 Jul, 2025

Key Details

Price Band	₹101 to ₹107 Per Share
Lot Size	1200 Shares
Face Value	₹10.00 Per Equity Share
Total Issue Size	4,670,400 Shares
Fresh Issue	3,548,400 Shares
OFS Issue	₹12.01 Crores
Issue Type	fresh issue and offer for sale
Listing At	BSE SME

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1200	128,400
Retail (Max)	1	1200	128,400
S-HNI (Min)	2	2400	256,800
S-HNI (Max)	7	8400	898,800

About Ace Alpha Tech Limited Company

Ace Alpha: Summary of Operations

Ace Alpha provides comprehensive solutions for trading, risk management, and investment needs, serving a diverse clientele including institutions, proprietary desks, and retail traders. The company offers institutional trading tools tailored for large order execution, B2B retail trading platforms with fraud prevention and risk assessment, user management solutions for streamlined onboarding and security, proprietary trading systems with algorithmic trading strategies, and custom trading solutions designed to meet specific business requirements. The company's revenues are derived from licensing fees for proprietary trading systems and software, consultation services, technology support and annual maintenance, and customization fees for building tailored trading systems.

Financial Performance: (Figures in INR Crores)

Total Share Capital (as of March 31, 2024): 0.01
Total Net Worth (as of March 31, 2024): 21.98, showing strong growth from 3.77 in 2023 and 0.45 in 2022.
Total Revenue (as of March 31, 2024): 15.35, increased from 4.94 in 2023 and 0.36 in 2022.
Profit After Tax (as of March 31, 2024): 10.53, up from 3.32 in 2023 and 0.13 in 2022.

Promoter: Mr. Gaurav Sharma, Chairman, Managing Director, and CFO, brings 13 years of experience and a Master of Science in International Finance to the company. Collectively, Mr. Sharma and Arika Securities Private Limited hold 55.80% of the company's pre-issue equity shares and will maintain a majority stake post-issue.

Strengths: Ace Alpha offers customized solutions, caters to diverse customer segments, has a strong revenue model, a skilled team, and significant future growth potential through product expansion and strategic partnerships. The company focuses on direct sales and client support, providing end-to-end solutions to simplify IT management for brokers. Furthermore, having Expertise in information technology and the intricacies of derivatives.

Strategies: The company aims to continuously improve services, optimize resource utilization, improve operational efficiencies, build a professional organization, expand business geographically, and leverage market skills and relationships for sustained growth. The client support services are designed to ensure that clients can maximize the value of the trading systems and achieve their desired trading .

Note: We have not given the names of our clients/ customers due to confidentiality clause.

Ace Alpha Tech Limited Financial Details

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	229.30	52.17	5.52
Revenue	153.54	49.40	3.62
Profit After Tax	105.31	33.23	1.35
Net Worth	220.78	38.69	4.45
Reserves and Surplus	219.70	37.59	4.35
Total Borrowing	0.00	0.00	0.00

₹ In Crore

Key Performance Indicator

0.08

47.91

203.49

0.82

1.09

Offer Objectives

The company proposes a public issue of up to 46,70,400 Equity Shares. A portion of the shares, specifically 64 Equity Shares, are locked in for one year.

Lock-in Details: The promoters' minimum contribution and public pre-issue shareholding, shall be locked in for one year from the date of allotment. The locked-in Equity Shares held by Promoters can be pledged with commercial banks or public financial institutions as collateral for loans related to the issue's objectives. Equity shares can be transferred to existing locked-in shareholders or within the Promoter Group, subject to continued lock-in and regulatory compliance.

Objects of the Issue: The net proceeds from the issue will be used for two primary purposes: Capital Expenditure and Unidentified Acquisitions and General Corporate Purposes. The total fund allocation for inorganic growth via acquisitions and general corporate purposes will not exceed 35% of the total amount raised, with an additional cap of 25% on unidentified acquisitions specifically.

Capital Expenditure: A sum of ₹ 12.50 crore is allocated for capital expenditure, including constructing a server facility and workforce expansion. This includes investments in 200 servers, Windows licenses, and laptops.

Unidentified Acquisitions & General Corporate Purpose: An amount not exceeding 25% of the total funds raised will be used for unidentified acquisitions. The company retains flexibility to use the remaining proceeds for general corporate purposes, such as operating expenses, project development, and business development. The estimated cost for 60 employees (Equity Traders/Coders) is ₹ 4.45 crore annually.