Acetech E-Commerce IPO Day 1: Latest Subscription Status, Listing Details, and GMP Information

Acetech E-Commerce Initial Public Offering (IPO) Update

Subscription Status The initial public offering (IPO) of Acetech E-Commerce, which opened for bidding on February 27, has received a lukewarm response from investors. By the end of Day 01, the issue was subscribed 0.26 times, with bids received for 10,88,400 shares against the offered 41,50,800 shares.

IPO Details

• Issue Period: The IPO will remain open until Wednesday, March 04.
• Price Band: The price band has been fixed between ₹106 and ₹112 per equity share.
• Issue Size: The company aims to raise ₹48.95 crore through the IPO, which is a fresh issue of 0.44 crore shares.
• Lot Size: The IPO lot size is fixed at 2,400 shares, requiring a minimum investment of ₹2.68 lakh for retail investors.

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Reservation and Allotment

• Reservation: The IPO has reserved 20.73 lakh shares for Qualified Institutional Buyers (QIB), 6.22 lakh shares for Non-Institutional Investors (NII), and 14.54 lakh shares for retail investors.
• Allotment Date: The IPO allotment date is set for Thursday, March 05.
• Listing Date: The SME IPO is proposed to list on NSE SME on Monday, March 09.

Issue Team

• Book-Running Lead Manager: Gretex Corporate Services Ltd.
• Registrar: Skyline Financial Services Pvt. Ltd.
• Market Maker: Arihant Capital Markets Ltd.

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