ACE Alpha Tech
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 26 Jun 2025 – 30 Jun 2025
- Listing date
- 03 Jul 2025
- Face value
- ₹1 per share
- Issue price
- ₹69 per share
- Lot size
- 2,000 shares
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹32.22 Cr
- Market cap at offer price
- ₹121 Cr
- Promoter holding
- 55.80% → 43.90% pre-issue → post-issue
- ISIN
- INE0S9X01011
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- Narnolia Financial Services Ltd.
- Registered office
- A/28 1st Floor, Jhilmil Industrial Area,, Shahdara, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 13,20,000 | — | — |
| Market maker | 2,64,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹69
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,38,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,76,000 |
| S-HNI (max) | 7 | 14,000 | ₹9,66,000 |
| B-HNI (min) | 8 | 16,000 | ₹11,04,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 7.60 | 6.43 |
| P/E (×) | 9.08 | 10.73 |
| Price to book (×) | 1.00 | — |
| Market cap | — | ₹121 Cr |
Key performance indicators
- Return on net worth
- 47.91%
- ROCE
- 63.67%
- PAT margin
- 70.81%
- EBITDA margin
- 95.98%
- NAV per share
- ₹69.16
- Price to book
- 1.00
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About ACE Alpha Tech
Ace Alpha Tech Limited is a software and technology company operating in the financial services sector, specifically providing trading solutions and execution algorithms for institutional clients, brokers, proprietary desks, and retail traders. Originally incorporated in 2012 as DM Prime Square Research & Analytics Private Limited and renamed to Ace Alpha Tech Limited in 2024, the company was converted to a public limited company to enable its IPO on BSE SME Platform. It offers customized trading systems that integrate with clients' existing order management systems and risk management platforms through APIs, enabling automated trading strategy execution. The company has experienced significant growth with revenues increasing from Rs. 32.00 lakhs in FY 2021-22 to Rs. 1,487.12 lakhs in FY 2023-24. It serves institutional traders, stock brokers, proprietary desks, and high net-worth individuals through a direct sales model with a team of 9 employees as of March 31, 2024.
Company Analysis
from DRHPAce Alpha Tech Limited provides customized institutional-grade trading solutions and advanced execution algorithms for trading platforms across the IT & BPM sector.
Ace Alpha Tech Limited is a software and technology company operating in the financial services sector, specifically providing trading solutions and execution algorithms for institutional clients, brokers, proprietary desks, and retail traders. Originally incorporated in 2012 as DM Prime Square Research & Analytics Private Limited and renamed to Ace Alpha Tech Limited in 2024, the company was converted to a public limited company to enable its IPO on BSE SME Platform. It offers customized trading systems that integrate with clients' existing order management systems and risk management platforms through APIs, enabling automated trading strategy execution. The company has experienced significant growth with revenues increasing from Rs. 32.00 lakhs in FY 2021-22 to Rs. 1,487.12 lakhs in FY 2023-24. It serves institutional traders, stock brokers, proprietary desks, and high net-worth individuals through a direct sales model with a team of 9 employees as of March 31, 2024.
Objects of the Issue
- Capital Expenditure for acquiring servers, hardware, software licenses, and strategic hiring of support personnel 1,250.00 lakhs p.70
- Unidentified Acquisition and General Corporate Purposes p.72
Issue Structure
- Total Issue
- Upto 46,70,400 Equity Shares aggregating to ₹ [●] Lakhs
- Fresh Issue
- Fresh Issue of up to 35,48,400 Equity Shares aggregating up to ₹ [●] lakhs
- Offer for Sale
- Offer for Sale of up to 11,22,000 Equity Shares aggregating to ₹ [●] Lakhs, comprising: (a) Market Maker Reservation Portion of 2,64,000 Equity Shares aggregating to ₹ [●] Lakhs (b) Net Issue to Public of 44,06,400 Equity Shares aggregating to ₹ [●] Lakhs
- Price Band
- Price Band of a minimum price (Floor Price) of Rs. [●] and the maximum price (Cap Price) of Rs. [●]
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹ 10.00 each
Business Model
Ace Alpha Tech Limited generates revenue through four primary streams: (1) Customization Fees (43.50% of revenue in FY 2023-24) charged for building customized trading systems per client specifications; (2) Consultation Services (24.85%) for trading strategy optimization and risk management advice; (3) Technology Support and Annual Maintenance fees (23.52%) for ongoing system support; and (4) Licensing Fees (8.13%) for proprietary trading system software. The company operates on a B2B model with direct sales to institutional clients and does not have any exports. Revenue is concentrated among top clients, with top 5 customers accounting for 43% and top 10 customers for 67% of total revenue.
Business Segments
SWOT Analysis
- • Comprehensive customized trading solutions(p.98)
- • Diversified revenue streams across multiple service offerings(p.104)
- • Strong profitability and growth trajectory(p.25)
- • Client-centric one-stop solution approach(p.98)
- • Broad market coverage and diversified clientele(p.104)
- • Dependence on limited number of customers(p.26)
- • Lease dependence for office premises without ownership(p.27)
- • First generation entrepreneurs with limited listed company experience(p.27)
- • Concentration of decision-making power(p.28)
- • High employee benefit expenses(p.29)
- • Expansion into global and emerging markets(p.104)
- • Strategic acquisition and inorganic growth(p.104)
- • Product diversification and enhancement(p.104)
- • Leveraging growing Indian IT and trading sector(p.93)
- • Server deployment and hardware expansion(p.70)
- • Intense competition in fintech and trading solutions(p.105)
- • Regulatory risks affecting trading operations(p.105)
- • Technological disruption and rapid change(p.105)
- • Economic downturns reducing trading volumes(p.105)
- • Cybersecurity and data protection risks(p.30)
- • Dependence on few customers creating revenue volatility(p.26)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Gaurav Sharma | Promoter | 1.81% | 1.38% |
| Arika Securities Private Limited | Promoter Group | 53.99% | 42.52% |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.