Ace Alpha Tech Limited, formerly known as DM Prime Square Research & Analytics Private Limited, is all set to hit the SME platform of BSE with its upcoming IPO worth ₹49.97 Crores. The company offers cutting-edge software systems and platforms for trading, risk management, and investment management, serving institutions, proprietary trading desks, and retail investors.

With advanced automation tools and deep domain expertise, Ace Alpha Tech aims to modernize the way financial players manage risk, optimize profits, and streamline operational workflows.

IPO Details

• IPO Size: ₹49.97 Crores

  • Fresh Issue: ₹37.96 Crores (35.48 lakh shares)

  • Offer for Sale (OFS): ₹12.00 Crores (11.22 lakh shares)

• Type: Book Built Issue

• IPO Opening Date: June 26, 2025

• IPO Closing Date: June 30, 2025

• Allotment Date: July 1, 2025 (Tuesday)

• Tentative Listing Date: July 3, 2025 (Thursday)

• Exchange: BSE SME

• Price Band: ₹101 to ₹107 per equity share

• Lot Size: 1,200 shares

Investment Requirements

• Retail Minimum Investment: ₹1,28,400 (1 lot)

• HNI Minimum Investment: ₹2,56,800 (2 lots or 2,400 shares)

IPO Intermediaries

• Book Running Lead Manager: Narnolia Financial Services Limited

• Registrar to the Issue: Skyline Financial Services Private Limited

• Market Maker: SS Corporate Securities Limited

GMP (Grey Market Premium)

As of June 20, 2025, Ace Alpha Tech’s IPO GMP is ₹13, indicating an expected listing price of ₹120, about 12.14% higher than the upper price band.

Note: Grey Market Premium (GMP) is an informal indicator and should not be the sole basis for investment decisions.

Subscription Status (Live Updates)

The Ace Alpha Tech IPO will open for subscription from June 26 to June 30, 2025, under Retail, HNI, and QIB categories. Investors can check the real-time bidding data on the BSE SME platform.

IPO Allotment – How to Check Status

The IPO allotment will be finalized on July 1, 2025. Investors can check their allotment status using the following steps:

1. Visit Skyline Financial Services’ IPO allotment status page

2. Select Ace Alpha Tech IPO from the dropdown

3. Enter your Application No./PAN/DP ID

4. Click Submit to view status

Use of IPO Proceeds

Ace Alpha Tech plans to deploy the net proceeds toward:

1. ₹1,250.00 Lakhs for capital expenditure

2. Remaining funds for unidentified acquisitions and general corporate purposes

Promoters and Leadership

• Mr. Gaurav Sharma – Promoter, Chairman, Managing Director, and CFO

  • Age: 36 years

  • Experience: 13 years in financial services, software, and analytics

  • Appointed to key positions in March 2024 for a 5-year tenure

Mr. Sharma's multi-role leadership ensures both strategic and operational control.

Financial Performance Overview

*Unaudited financials for 9 months ending December 2024.

Ace Alpha Tech has shown rapid scalability and profitability growth over a short span, from a ₹36 Lakh revenue in FY22 to over ₹1,500 Lakh in FY24.

Key Valuation Metrics

The high ROCE and ROE reflect operational efficiency, while the valuation appears moderately priced relative to industry peers.

Ace Alpha Tech IPO Review and Recommendation

Ace Alpha Tech has shown impressive financial growth, especially from FY23 onward, supported by a scalable business model in financial software and analytics, catering to a high-demand industry.

With a GMP of ₹13 (12.14%), a well-balanced issue structure (Fresh + OFS), and strong valuation metrics, the IPO presents a moderate-risk, moderate-return opportunity.

• High ROCE and ROE support its operational soundness

• GMP of ₹13 indicates positive listing sentiment

• Post-issue EPS dilution is minor, maintaining fair valuations

👉 Recommendation: Risk-tolerant investors can consider applying to the IPO for listing gains. Conservative investors should wait for post-listing performance due to the nascent stage of high growth and scalability challenges.

Disclaimer

This article is for educational and informational purposes only. It does not constitute investment advice. IPO investments are subject to market risks, and the Grey Market Premium is not officially regulated. Investors are advised to consult a SEBI-registered financial advisor before investing.

The Upcoming IPOs in this week and coming weeks are Supertech EV, Valencia India, Neetu Yoshi, Abram Food, PRO FX Tech, Suntech Infra Solutions, Shri Hare-Krishna Sponge Iron, Icon Facilitators, Ace Alpha Tech, Globe Civil Projects, Sambhav Steel Tubes, Ellenbarrie Indutrial Gases, Kalpataru, HDB Financials, AJC Jewel.

The Current active IPO are  Aakaar Medical Technologies, Safe Enterprises Retail Fixtures, Mayasheel Ventures.

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