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18 August 2023

AccelerateBS India IPO: Pioneering Digital Technology Services

Introduction:

Founded in 2022, AccelerateBS India Limited swiftly emerged as a prominent player in the digital technology services sector. This forward-looking company provides an array of boutique technology services to both B2B and B2C companies across the globe. Its diversified services include Digital Technology Services, DXP (Digital Experience Platforms) Consulting and Implementation Services, Custom Software Development, and Digital Projects, delivering powerful and scalable software systems.

Catering to a Global Audience:

AccelerateBS India stands out by offering specialized services that cater to a diverse clientele, ranging from B2B to B2C enterprises worldwide. With a focus on digital technology and custom software development, the company empowers businesses to enhance their digital presence and optimize their operations.

In-House Expertise and DXP Platforms:

What sets AccelerateBS India apart is its commitment to in-house expertise. The company has cultivated 100% in-house capabilities across Digital Experience Platforms (DXP) such as Optimizely, Crownpeak, Contentful, and Strapi. These industry-leading enterprise DXP platforms position AccelerateBS India as a pioneer in providing top-notch DXP consulting and implementation services.

Financial Snapshot

AccelerateBS India's financial trajectory is marked by steady growth:

Total Assets	₹125.10 Lakhs to ₹283.25 Lakhs
Total Revenue	₹493.35 Lakhs to ₹164.92 Lakhs
Profit After Tax	₹68.35 Lakhs to ₹26.22 Lakhs
Net Worth	₹53.05 Lakhs to ₹205.42 Lakhs
Total Borrowing	₹24.00 Lakhs to ₹33.82 Lakhs

AccelerateBS India IPO Details:

The AccelerateBS India IPO is a Fixed Price Issue with an IPO total issue size of ₹5.69 Crores. The issue price is set at ₹90 per share. The IPO will be listed on BSE SME. The IPO subscription period was from July 6, 2023, to July 11, 2023, with a listing date set for July 19, 2023.

Promoter Holding and IPO Utilisation:

The promoters of the company are Mr. Keyur Dipakkumar Shah and Mr. Kunal Arvind Shah. The pre-issue shareholding of the promoters was 100.00%, which is expected to reduce to 70.59% post the IPO. The net proceeds from the IPO are intended for long-term working capital requirements and general corporate purposes.

Expert Review:

While AccelerateBS India operates in a competitive segment, its sudden boost in bottom line earnings for 10M-FY23 has raised questions about its sustainability. The issue appears aggressively priced based on these exceptional earnings, and the track record suggests an exorbitant pricing. The relatively small equity capital post-IPO may imply a longer gestation period for migration to the mainboard. Investors are advised to exercise caution due to these considerations.

Conclusion:

AccelerateBS India's IPO offers a chance to invest in a dynamic digital technology services provider. The company's specialized offerings, in-house expertise, and focus on DXP platforms position it as a key player in the digital transformation landscape. As businesses continue to seek innovative digital solutions, AccelerateBS India is poised to play a significant role in shaping the future of digital technology services. However, potential investors should weigh the expert review's cautious insights and make informed investment decisions based on their risk appetite and outlook on the company's future growth.