The initial public offering (IPO) of Acetech E-Commerce, which opened for subscription on February 27, witnessed a muted response from investors on the first day of bidding. By the close of Day 1, the issue was subscribed just 0.26 times.
The IPO received bids for 10,88,400 shares against 41,50,800 shares available for subscription. The company plans to use the net proceeds primarily for working capital requirements and general corporate purposes.
Acetech E-Commerce IPO: Key Details
📅 IPO Dates
The issue opened on February 27 and will remain available for subscription until March 4.
💰 Price Band
The price band has been fixed at ₹106–₹112 per equity share.
📊 Issue Size
The company aims to raise ₹48.95 crore through a fresh issue of 0.44 crore equity shares.
🧾 Lot Size
The minimum lot size is 2,400 shares, requiring a retail investment of approximately ₹2.68 lakh at the upper price band.
📌 Reservation Break-up
- Qualified Institutional Buyers (QIB): 20.73 lakh shares
- Non-Institutional Investors (NII): 6.22 lakh shares
- Retail Investors: 14.54 lakh shares
🗓 Allotment & Listing Timeline
- Tentative allotment date: March 5
- Credit of shares/refunds: March 6
- Proposed listing: March 9 on the NSE SME platform
GMP Trend
According to market sources, the grey market premium (GMP) for the IPO stood at ₹0 on February 27, suggesting expectations of a flat listing around the issue price. Investors should note that GMP is unofficial and speculative in nature.
Lead Managers & Registrar
- Book Running Lead Manager: Gretex Corporate Services
- Registrar: Skyline Financial Services
- Market Maker: Arihant Capital Markets
About the Company
Acetech E-Commerce operates in the online retail space, focusing on identifying trending and innovative products sourced from manufacturers and global traders. The company markets these products through digital channels, leveraging an asset-light, demand-driven model.
Expert View & Investment Perspective
Market analysts suggest that subdued Day 1 subscription and a flat GMP indicate cautious investor sentiment, particularly in the SME segment where liquidity risks are higher.
Experts advise investors to:
- Evaluate financial performance, revenue consistency, and margin profile
- Assess working capital intensity and cash flow trends
- Consider liquidity risks associated with SME listings
- Align investment decisions with risk appetite and portfolio allocation
Given the relatively high minimum investment requirement, retail investors should exercise prudence and consult certified financial advisors before subscribing.
Disclaimer: Investors are advised to consult certified financial experts and carefully read the offer document before making any investment decisions.
