ACE Alpha Tech Ltd IPO
Status: Closed
Overview
IPO date
26 Jun 2025 to 30 Jun 2025
Face value
₹ 10 per share
Price
₹ 65 to ₹69 per share
Issue Size
4,670,000 shares
(aggregating up to ₹ 32.22 Cr)
(aggregating up to ₹ 32.22 Cr)
Allotment Date
01 Jul 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
IT - Software
Objectives of ACE Alpha Tech Ltd IPO
Initial public issue of upto 46,70,000* equity shares of face value of Rs.10/- each of ACE Alpha Tech Limited for cash at a price of Rs.69 per equity share (including a share premium of Rs.59 per equity share) ("issue price") aggregating to Rs.32.22 crores comprising a fresh issue of up to 35,48,000 equity shares aggregating up to Rs.24.48 crores and an offer for sale of up to 11,22,000 equity shares, of which 2,64,000 equity shares of face value of Rs.10/- each at a price of Rs.69 aggregating to Rs.7.74 crores will be reserved for subscription by market maker ("market maker reservation portion"), and net issue to public of 44,06,000 equity shares of face value of Rs.10/- each at a price of Rs.69 aggregating to Rs.30.40 crores (hereinafter referred to as the "net issue") the issue and the net issue will constitute 26.59% and 25.09% respectively of the post issue paid up equity share capital of the company.
ACE Alpha Tech Ltd IPO Strategy
- Expertise in information technology and the intricacies of derivatives.
- Optimal Utilization of Resources.
- Improving operational efficiencies.
- To Build-Up a Professional Organization.
- Expansion of Business.
- Leveraging our Market skills and Relationships.
About ACE Alpha Tech Ltd
Ace Alpha Tech Limited was incorporated as a Private Limited Company with the name of 'DM Prime Square Research & Analytics Private Limited' vide certificate of incorporation dated October 08, 2012, issued by Registrar of Companies, Delhi. Further, Company name was changed from 'DM Prime Square Research & Analytics Private Limited' to 'Ace Alpha Tech Private Limited' & Registrar of Companies, Delhi has issued a new certificate of incorporation pursuant to change of name dated 17 May, 2024. The status got converted into a Public Limited Company and the name changed from 'Ace Alpha Tech Private Limited' to 'Ace Alpha Tech Limited' & Registrar of Companies, Delhi has issued a new Certificate of Incorporation dated 12 September, 2024.
Ace Alpha Tech Limited are serving financial industry with their comprehensive suite of trading solutions catering to clients, from institutional investors to retail traders via brokers. Institutional-grade trading strategies on existing setup, sophisticated integration with order management systems of prop desks, and consultancy for direct market access capabilities ensure seamless and efficient trading experiences for clients, minimizing risk exposure and optimizing execution practices.
The Company provide customized trading solutions in which it use advanced, institutional-grade algorithms that work as a front-end
layer over existing order management systems/ RMS which are connected with stock exchanges. The solutions help clients to work on their own platform for back testing their solutions. These customized solutions enable clients to execute their trading strategies with direct automation and without manual intervention, offering efficiency and performance, backed by robust risk management tools. Since these strategies are back tested and checked to ensure the safety and smooth operation of trading activities. The user management and risk management system further streamline operations, automating processes like user onboarding, access management, and ongoing risk monitoring.
Additionally, the trading solution work with high-volume traders, offering advanced electronic trading solutions, low-risk strategy, and organized management tools. With algorithmic trading, risk management systems, and comprehensive market analysis tools, the Proprietary Trading System empowers traders to judge trades efficiently and optimize their strategies for maximum returns on their current setup. Along with this, the Company ensure redressal of client issues in support system and provide end to end solutions. The clients thereafter use Company's services to validate their ideas by asking the team to create a front end in encouraging their trading ideas individually. This team further enables back testing of these strategies in client environment and consult to optimize their variables based on outcomes. The Company's background of working with front end gives clients simple solutions to check impact of any change in strategy to get the outcome.
The Company is planning an IPO upto an aggregate of 46,70,400 Equity Shares comprising a Fresh Issue of 35,48,400 Equity Shares and 11,22,000 Equity Shares through Offer for Sale.
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T&C*
Strengths vs Risks of ACE Alpha Tech Ltd
Know the pros & cons
Strengths
Customized Solutions.- Diverse Customer Segments.
- Strong Revenue Model.
- Skilled Team and Resources.
- Future Growth Potential.
- Direct Sale.
- Client Support.
- End to end solution.
Risks
- The company is dependent on and derives a substantial portion of its revenue from a limited number of customers. Cancellation by customers or a delay or reduction in their orders could have a material adverse effect on its business, results of operations and financial condition.
- Its Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
- The continued success of its business is heavily contingent on the expertise and involvement of its Promoters, senior management and other key personnel, and the loss of, or its inability to attract or retain, such persons could affect the company business, results of operations, financial condition and cash flows.
- None of the executive director of the company have experience of a listed company exposing the company to various regulatory and functional risks.
- The company lack ownership of the registered office and other office used by the company. Any interference with its entitlements as the licensee/lessee or the cancellation of contracts with its licensors/lessors could have a negative effect on the company activities and, as a result, its overall business.
- Its present promoters of the Company are first generation entrepreneurs.
- Its promoter holds two positions as Managing Director and as Chief Financial Officer in the company
- The Company has reported negative cash flows in the recent period. Negative cash flows in the future could adversely affect its results of the company operations and financial condition.
- There have been instances of delay in filing of GST returns of the Company. Its may be subject to regulatory actions and penalties for any such delays and the company business, financial condition and reputation may be adversely affected.
- The Company may not have complied with certain statutory provisions of the Companies Act, 2013. Such non- compliances / lapses may attract penalties and prosecution against the Company and its directors which could impact on the financial position of the Company to that extent.
- The Company has incurred major expenditure towards employee benefits and any changes in this could adversely affect the profitability of the company.
- The Company will not receive any proceeds from the Offer for Sale. The proceeds from the Offer for Sale shall be received directly by the Selling Shareholders.
- The Company will not receive any proceeds from the Offer for Sale. The proceeds from the Offer for Sale shall be received directly by the Selling Shareholders.
- The company has in past entered into related party transactions and its may continue to do so in the future.
- Its service agreements with clients generally include the confidentiality clause, imposing a strict obligation on us to safeguard the confidential information. The breach of the confidentiality clause, whether unintentional or deliberate, expose the company to significant legal and reputational risk.
- The company function within a competitive landscape and may encounter challenges in effectively competing, potentially leading to a significant adverse impact on its business, operational outcomes, and financial condition.
- The restated financial statement of the company has been provided by the peer reviewed chartered accountant who is not the statutory auditor of the Company.
- The company issued shares at a significantly higher valuation in the previous year. However, there is no assurance that such a high valuation can be sustained going forward, especially if future performance does not align with investor expectations or market conditions change.
- Reliance has been placed on declarations and affidavits furnished by certain of its promoter for details of their profiles included in this Red Herring Prospectus.
- Its success depends on the company ability to develop and maintain successful relationships with merchants. Misconduct by its employees or failures of the company internal processes could harm us by impairing its ability to attract and retain customers.
- Its Promoter, Directors and Key Management Personnel have interest in the Company, other than reimbursement of expenses incurred or remuneration.
- The Objects of the Issue for which funds are being raised, are based on its management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
- Its business relies extensively on the company Promoter and Key Managerial Personnel for the ongoing success through their continuous services and strategic guidance and support.
- Its may be unable to attract and retain qualified, skilled employees necessary to manage, maintain and grow the company business.
- Its operations could be adversely affected by strikes or increased wage demands by the company employees or any other kind of disputes with the company employees.
- If the company is unable to expand its business rapidly to keep pace with the increasing demands of the company customers, it could negatively impact its operational outcomes.
- Its may requires additional funding to support the company growth strategies. The inability to secure additional financing could negatively impact its business, operational results, financial condition, and cash flows.
- Failures to establish optimal prices for its services and offerings could have negative consequences on our business, financial condition, and operational results.
- The company cannot assure payment of dividends on the Equity Shares in the future and its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants of its financing arrangements.
- Its Promoters are not engaged in similar line of business, however, there can be no assurance that the company Promoter or members of the Promoter Group will not compete with its existing business.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the Objects of the Issue. A deficiency in securing or fulfilling these requirements could have negative consequences on its expansion strategies, day-to-day business activities, and overall financial well-being.
- The Company does not have any listed peer companies for comparison of performance and therefore, investors must relies on their own examinations of accounting ratios of the Company for the purposes of investment in this Issue.
- The average cost of acquisition of Equity Shares held by our Promoter may be less than the Issue Price.
- The weighted average cost of acquisition of Selling Shareholders may be less than the Issue Price.
- The industry information provided in this Red Herring Prospectus has been sourced from various industry reports. It is important to note that there is no guarantee regarding the completeness or accuracy of such third-party statistical, financial, and other industry data.
- Our Equity Shares, having not been publicly traded prior to the Offer, may be susceptible to fluctuations in both price and volume post-Issue, and the development of an active trading market cannot be guaranteed.
- There is no guarantee regarding the timely listing of Equity Shares on the Stock Exchanges, and investors may face limitations in promptly selling the subscribed Equity Shares on Indian Stock Exchanges.
- Shareholders of Equity Shares may face limitations on exercising pre-emptive rights under Indian law, potentially resulting in the dilution of their ownership positions in the future.
ACE Alpha Tech Ltd Peer Comparison
Understand the company’s industry standing
Ace Alpha Tech Ltd
63 Moons Technologies Ltd
Face Value
10
2
Standalone / Consolidated
Standalone
Standalone
Total Income Rs. Cr.
---
---
EPS-Basis
7.85
35.75
EPS-Diluted
---
---
NAV Per Share
---
---
P/E-Basic EPS
---
22.96
P/E-Diluted EPS
---
---
RONW(%)
47.91
4.9
Latest NAV Period
---
---
Latest NAV
---
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How to check the allotment status of ACE Alpha Tech Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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The IPO opens on 26 Jun 2025 & closes on 30 Jun 2025.
Ace Alpha Tech Limited was incorporated as a Private Limited Company with the name of 'DM Prime Square Research & Analytics Private Limited' vide certificate of incorporation dated October 08, 2012, issued by Registrar of Companies, Delhi. Further, Company name was changed from 'DM Prime Square Research & Analytics Private Limited' to 'Ace Alpha Tech Private Limited' & Registrar of Companies, Delhi has issued a new certificate of incorporation pursuant to change of name dated 17 May, 2024. The status got converted into a Public Limited Company and the name changed from 'Ace Alpha Tech Private Limited' to 'Ace Alpha Tech Limited' & Registrar of Companies, Delhi has issued a new Certificate of Incorporation dated 12 September, 2024.
Ace Alpha Tech Limited are serving financial industry with their comprehensive suite of trading solutions catering to clients, from institutional investors to retail traders via brokers. Institutional-grade trading strategies on existing setup, sophisticated integration with order management systems of prop desks, and consultancy for direct market access capabilities ensure seamless and efficient trading experiences for clients, minimizing risk exposure and optimizing execution practices.
The Company provide customized trading solutions in which it use advanced, institutional-grade algorithms that work as a front-end
layer over existing order management systems/ RMS which are connected with stock exchanges. The solutions help clients to work on their own platform for back testing their solutions. These customized solutions enable clients to execute their trading strategies with direct automation and without manual intervention, offering efficiency and performance, backed by robust risk management tools. Since these strategies are back tested and checked to ensure the safety and smooth operation of trading activities. The user management and risk management system further streamline operations, automating processes like user onboarding, access management, and ongoing risk monitoring.
Additionally, the trading solution work with high-volume traders, offering advanced electronic trading solutions, low-risk strategy, and organized management tools. With algorithmic trading, risk management systems, and comprehensive market analysis tools, the Proprietary Trading System empowers traders to judge trades efficiently and optimize their strategies for maximum returns on their current setup. Along with this, the Company ensure redressal of client issues in support system and provide end to end solutions. The clients thereafter use Company's services to validate their ideas by asking the team to create a front end in encouraging their trading ideas individually. This team further enables back testing of these strategies in client environment and consult to optimize their variables based on outcomes. The Company's background of working with front end gives clients simple solutions to check impact of any change in strategy to get the outcome.
The Company is planning an IPO upto an aggregate of 46,70,400 Equity Shares comprising a Fresh Issue of 35,48,400 Equity Shares and 11,22,000 Equity Shares through Offer for Sale.
ACE Alpha Tech Ltd IPO will close on 30 Jun 2025.
- Customized Solutions.
- Diverse Customer Segments.
- Strong Revenue Model.
- Skilled Team and Resources.
- Future Growth Potential.
- Direct Sale.
- Client Support.
- End to end solution.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Gaurav Sharma | 254212 | 1.81 | 243046 | 1.38 |
| 2 | Arika Securities Pvt Ltd | 7564104 | 53.99 | 7465103 | 42.52 |
- The company is dependent on and derives a substantial portion of its revenue from a limited number of customers. Cancellation by customers or a delay or reduction in their orders could have a material adverse effect on its business, results of operations and financial condition.
- Its Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
- The continued success of its business is heavily contingent on the expertise and involvement of its Promoters, senior management and other key personnel, and the loss of, or its inability to attract or retain, such persons could affect the company business, results of operations, financial condition and cash flows.
- None of the executive director of the company have experience of a listed company exposing the company to various regulatory and functional risks.
- The company lack ownership of the registered office and other office used by the company. Any interference with its entitlements as the licensee/lessee or the cancellation of contracts with its licensors/lessors could have a negative effect on the company activities and, as a result, its overall business.
- Its present promoters of the Company are first generation entrepreneurs.
- Its promoter holds two positions as Managing Director and as Chief Financial Officer in the company
- The Company has reported negative cash flows in the recent period. Negative cash flows in the future could adversely affect its results of the company operations and financial condition.
- There have been instances of delay in filing of GST returns of the Company. Its may be subject to regulatory actions and penalties for any such delays and the company business, financial condition and reputation may be adversely affected.
- The Company may not have complied with certain statutory provisions of the Companies Act, 2013. Such non- compliances / lapses may attract penalties and prosecution against the Company and its directors which could impact on the financial position of the Company to that extent.
- The Company has incurred major expenditure towards employee benefits and any changes in this could adversely affect the profitability of the company.
- The Company will not receive any proceeds from the Offer for Sale. The proceeds from the Offer for Sale shall be received directly by the Selling Shareholders.
- The Company will not receive any proceeds from the Offer for Sale. The proceeds from the Offer for Sale shall be received directly by the Selling Shareholders.
- The company has in past entered into related party transactions and its may continue to do so in the future.
- Its service agreements with clients generally include the confidentiality clause, imposing a strict obligation on us to safeguard the confidential information. The breach of the confidentiality clause, whether unintentional or deliberate, expose the company to significant legal and reputational risk.
- The company function within a competitive landscape and may encounter challenges in effectively competing, potentially leading to a significant adverse impact on its business, operational outcomes, and financial condition.
- The restated financial statement of the company has been provided by the peer reviewed chartered accountant who is not the statutory auditor of the Company.
- The company issued shares at a significantly higher valuation in the previous year. However, there is no assurance that such a high valuation can be sustained going forward, especially if future performance does not align with investor expectations or market conditions change.
- Reliance has been placed on declarations and affidavits furnished by certain of its promoter for details of their profiles included in this Red Herring Prospectus.
- Its success depends on the company ability to develop and maintain successful relationships with merchants. Misconduct by its employees or failures of the company internal processes could harm us by impairing its ability to attract and retain customers.
- Its Promoter, Directors and Key Management Personnel have interest in the Company, other than reimbursement of expenses incurred or remuneration.
- The Objects of the Issue for which funds are being raised, are based on its management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
- Its business relies extensively on the company Promoter and Key Managerial Personnel for the ongoing success through their continuous services and strategic guidance and support.
- Its may be unable to attract and retain qualified, skilled employees necessary to manage, maintain and grow the company business.
- Its operations could be adversely affected by strikes or increased wage demands by the company employees or any other kind of disputes with the company employees.
- If the company is unable to expand its business rapidly to keep pace with the increasing demands of the company customers, it could negatively impact its operational outcomes.
- Its may requires additional funding to support the company growth strategies. The inability to secure additional financing could negatively impact its business, operational results, financial condition, and cash flows.
- Failures to establish optimal prices for its services and offerings could have negative consequences on our business, financial condition, and operational results.
- The company cannot assure payment of dividends on the Equity Shares in the future and its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants of its financing arrangements.
- Its Promoters are not engaged in similar line of business, however, there can be no assurance that the company Promoter or members of the Promoter Group will not compete with its existing business.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the Objects of the Issue. A deficiency in securing or fulfilling these requirements could have negative consequences on its expansion strategies, day-to-day business activities, and overall financial well-being.
- The Company does not have any listed peer companies for comparison of performance and therefore, investors must relies on their own examinations of accounting ratios of the Company for the purposes of investment in this Issue.
- The average cost of acquisition of Equity Shares held by our Promoter may be less than the Issue Price.
- The weighted average cost of acquisition of Selling Shareholders may be less than the Issue Price.
- The industry information provided in this Red Herring Prospectus has been sourced from various industry reports. It is important to note that there is no guarantee regarding the completeness or accuracy of such third-party statistical, financial, and other industry data.
- Our Equity Shares, having not been publicly traded prior to the Offer, may be susceptible to fluctuations in both price and volume post-Issue, and the development of an active trading market cannot be guaranteed.
- There is no guarantee regarding the timely listing of Equity Shares on the Stock Exchanges, and investors may face limitations in promptly selling the subscribed Equity Shares on Indian Stock Exchanges.
- Shareholders of Equity Shares may face limitations on exercising pre-emptive rights under Indian law, potentially resulting in the dilution of their ownership positions in the future.
The Issue type of ACE Alpha Tech Ltd is Book Building - SME.
The minimum application for shares of ACE Alpha Tech Ltd is 2000.
The total shares issue of ACE Alpha Tech Ltd is 4670000.
Initial public issue of upto 46,70,000* equity shares of face value of Rs.10/- each of ACE Alpha Tech Limited for cash at a price of Rs.69 per equity share (including a share premium of Rs.59 per equity share) ("issue price") aggregating to Rs.32.22 crores comprising a fresh issue of up to 35,48,000 equity shares aggregating up to Rs.24.48 crores and an offer for sale of up to 11,22,000 equity shares, of which 2,64,000 equity shares of face value of Rs.10/- each at a price of Rs.69 aggregating to Rs.7.74 crores will be reserved for subscription by market maker ("market maker reservation portion"), and net issue to public of 44,06,000 equity shares of face value of Rs.10/- each at a price of Rs.69 aggregating to Rs.30.40 crores (hereinafter referred to as the "net issue") the issue and the net issue will constitute 26.59% and 25.09% respectively of the post issue paid up equity share capital of the company.
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