Acropetal Technologies IPO : Listing on 10th Mar 2011

by khalid on 08/03/2011 · 2 comments

Acropetal Technologies Limited has informed the share market (BSE/NSE) that the shares of its recent IPO will list on 10th Mar 2011. The IPO was open between 21st Feb 2011 to 24th Feb 2011. The price band was Rs 88 to Rs 90 and the Issue Price was fixed at the upper level of price band, Rs 90 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs. 170.00 Crore. Acropetal Technologies Limited is mid-tier IT services and products firm which offers Information Technology (IT) outsourcing services to clients in Engineering Design Services, Healthcare, and Energy and Environment sectors.

IPO Listing Detail :-
Listing Date: 10th Mar 2011
BSE Scrip Code : 533330
NSE Symbol : ACROPETAL
Listing In : ‘B’ Group of Securities
ISIN : INE055L01013
Issue Price : Rs. 90.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of the IPO are proposed to be utilized to finance the funds required for potential acquisitions, to set up a Software Development Center cum Corporate Office at Hosur Road, Bangalore, expansion & establishment of overseas offices, part repayment of term loans, additional working capital requirements, general corporate purposes and meeting public Issue expenses.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Sole Book Running Lead Manager (BRLM) to the offer is Saffron Capital Advisors Private Limited.

Registrar of the Issue : Sharex Dynamic (India) Pvt. Ltd. Mumbai.

Stay tuned to BelltheBull Blog for more news on Acropetal Technologies IPO !

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{ 2 comments… read them below or add one }

NITIN March 24, 2011

i bought 500 share of acropetal technologies @140 rs. but current market price is 80 rs. in this condition what should i do…..

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khalid March 24, 2011

Acropetal technologies is a good company but management is not good, today it gone down to another low, if you are a long term investor then its a good chance for averaging at low levels and then exit at issue price of Rs 90 in some tine.

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