AccelerateBS India

AccelerateBS India IPO Review, Date, Price, GMP

AccelerateBS India is a Digital Technology Services company that delivers a diverse range of boutique technology services to B2B( Business to business) and B2C ( Business to Customer) companies worldwide. The company specializes in Digital Technology Services, DXP (Digital Experience Platforms) Consulting and Implementation Services, Digital projects, custom software development, and consulting services. AccelerateBS India are known for delivering powerful and scalable software systems.

AccelerateBS India has developed in-house capabilities across leading enterprise DXP platforms, including Crownpeak, Optimizely, Contentful, and Strapi. They have expertise in various layers of these platforms, encompassing Front-end, Middleware, Backend, DXP layers, and custom integrations with products like Salesforce, Marketo, Brightcove, Adobe Omniture, SAP Commerce, and more. The company’s full-stack capabilities cover Microsoft and Node-based technologies, and they actively engage in new-age decoupled builds with API-first and microservices-based architectures.

AccelerateBS India provides specialized solutions geared to the demands of regulated industries such as insurance, financial services, pharmaceuticals, and healthcare. The company has also built in-house front-end development capabilities using React, Angular, and Blazor. Also, the company’s products have been expanded to include Cognitive/AI-based application developments, such as bespoke Chatbots and Voice bots. They have created a separate area for practicing WCAG Testing and Remediation.

AccelerateBS India was originally formed as a partnership firm named “M/s. Accelerate Business Solutions” in May 2011. Subsequently, it was converted into a private limited company, “AccelerateBS India Private Limited,” in September 2022, in accordance with the provisions of the Companies Act, 2013. The company is led by Mr. Keyur Dipakkumar Shah and Mr. Kunal Arvind Shah, who possess over 15 years of experience in software development and digital technology services.

As a recognized and certified solution/service partner, AccelerateBS India collaborates with Crownpeak Technology, Inc. (Denver, USA), Contentful (Germany), and Optimizely (London). They are one of Crownpeak’s partners in India and one of the nine solution partners of Optimizely in the country as of January 2023. AccelerateBS India is also distinguished as one of the oldest and most experienced Crownpeak practices in India. Recently, they have officially become part of the Magnet Network.

AccelerateBS India IPO Complete Details:

IPO Date06 July 2023 to 11 July 2023
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Face Value10 Rs. Per Share
Price90 Rs.
Lot Size1600
Issue Size632,000 shares (Rs.5.69 Cr)
Fresh Issue188,800 shares (Rs.1.70 Cr)
Offer For Sale443,200 shares (Rs.3.99 Cr)
Listing Date19 July 2023

AccelerateBS India IPO Timetable:

Opening Date06 July 2023
Closing Date11 July 2023
Allotment11 July 2023
Initiation of Refunds17 July 2023
Credit of Shares to Demat Account18 July 2023
Listing Date19 July 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxNet WorthBorrowings
31 March 2020125.10493.3568.3553.05
31 March 2021180.95451.9242.53102.4624.00
31 March 2022200.65355.6925.91111.0345.34
31 January 2023283.25164.9226.22205.4233.82
Amount In Lakhs

AS OF NOW, the GMP OF AccelerateBS India is Around 12 Rs.

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