Ace Tours Worldwide Ltd IPO

Closed

Subscription Details

  • Open Date 09 Sep
  • Close Date 12 Sep
  • Lot Size 8000
  • IPO Size ₹ 8 Cr
  • IPO Price Range ₹ 16
  • Min Investment ₹ 128000

Ace Tours Worldwide Ltd IPO Timeline

Open Date
09 Sep
Close Date
12 Sep
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 50,00,000 equity shares of Rs. 10 each (Equity Shares) of ACE Tours Worldwide Limited (The Company or The Issuer) for cash at a price of Rs. 16 per equity share, including a share premium of Rs. 6 per equity share (The Issue Price), aggregating Rs. 8.00 crores (The issue), of which 2,70,000 equity shares of Rs. 10 each will be reserved for subscription by the Market Makers to the issue (The Market Maker Reservation Portion). The issue less Market Maker reservation portion i.e. issue of 47,20,000 equity shares of Rs. 10 each for cash at a price of Rs. 16 per equity share aggregating Rs. 7.55 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 39.46% and 37.25% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 16 is 1.6 times of the face value.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Ace Tours Worldwide Ltd IPO

Contact Information

Address

F-22-23-24 Jolly Arcade,
Ghod Dod Road,
Surat, Gujarat 395007

Ace Tours Worldwide Ltd IPO Lead Manager

Corporate Strategic Allianz Ltd
Open Demat Account