AccelerateBS India s shares listed at a premium on the BSE SME exchange. The IPO was subscribed 49.19 times, with strong interest from retail investors.
AccelerateBS India Limited's IPO has received a strong response from retail investors, with the subscription rate being around 4 times overall and 4.57 times in the retail portion. The IPO, listed on the BSE SME exchange, is priced at Rs 90 per share. The company provides IT services to B2B and B2C businesses globally. The IPO is expected to reduce the promoters' stake from 100 percent to 70.59 percent. The basis for share allocation will be determined on July 14, with refunds starting on July 17 and share credits on July 18. AccelerateBS India shares are set to be listed on the BSE SME platform on July 19., Markets News, Times Now
AccelerateBS India's IPO presents an opportunity for investors to participate in the growth of a digital technology services company catering to global B2B and B2C clients. With its focus on digital experience platforms, custom software development, and consulting services, the company aims to leverage the IPO proceeds for long-term working capital requirements. Interested investors can participate in the IPO until July 11 and anticipate the listing of shares on July 19., Markets News, Times Now