Ace Alpha Tech Limited, formerly known as DM Prime Square Research & Analytics Pvt Ltd, has entered the public markets with its ₹49.97 crore IPO. The IPO comprises both a fresh issue and an offer for sale, and is live for subscription from June 26 to June 30, 2025. Backed by impressive financial metrics and a Grey Market Premium (GMP) of ₹13, this BSE SME IPO is attracting attention for its listing gain potential and sectoral relevance in the trading technology and analytics space.

Company Overview: Ace Alpha Tech

Ace Alpha Tech offers a comprehensive tech platform for trading, investment, and risk management services. Its solutions serve:

• Institutions

• Proprietary trading desks

• Retail traders

By combining technology innovation with personalised service, the company assists clients in mitigating risk, increasing profits, and streamlining operations. This positions Ace Alpha as a mission-critical service provider in the fast-evolving fintech infrastructure market.

IPO Snapshot

Anchor Investors Participation

Ace Alpha Tech successfully raised ₹14.13 Crores from Anchor Investors at the upper band price of ₹107. The company allocated 13,21,200 shares, showcasing strong institutional interest even before the public subscription phase began.

Grey Market Premium (GMP) and Listing Gains Forecast

As of June 20, 2025, the GMP is ₹13, translating to an expected listing price of ₹120 per share, implying a potential 12.14% gain over the upper IPO price of ₹107.

Note: GMP trends are based on unofficial sources and purely speculative. They should not be the sole basis for investment decisions.

Live Subscription Status

As of 7:00 PM on June 26, Day 1 of the IPO, the issue is subscribed 0.41 times. This includes demand from both retail and institutional segments. Investors can check live subscription updates on BSE SME’s portal.

Utilisation of IPO Proceeds

The company intends to deploy the net proceeds towards:

1. Capital Expenditure – ₹1,250.00 Lakhs

2. Unidentified Acquisitions and General Corporate Purposes

This indicates plans for inorganic growth and infrastructure development, enabling the company to scale up and diversify its offerings.

Strong Financial Performance

Ace Alpha Tech has shown explosive revenue and profit growth, especially over the last three years:

Such growth signals the company’s effective cost management, operational scalability, and market fit.

Valuation & Key Financial Ratios

• Pre-Issue EPS: ₹7.94

• Post-Issue EPS: ₹6.07

• Annualised EPS: ₹6.43

• Pre-Issue P/E Ratio: 13.48x

• Post-Issue P/E Ratio: 17.63x

• Industry P/E Benchmark: 23x

• ROCE (FY24): 109.31%

• ROE (FY24): 82.00%

• RoNW: 47.91%

• Annualised P/E Ratio: 16.64x

These valuation metrics suggest that Ace Alpha Tech is reasonably priced compared to its peers in the fintech and analytics industry.

Allotment Status Guide

To check your IPO allotment status on or after July 01, 2025:

1. Visit Skyline Financial Services Ltd (Registrar)

2. Select Ace Alpha Tech Limited IPO from the dropdown

3. Enter your PAN, Application Number, or DP Client ID

4. Submit and view your allotment details

Risks & Investment Considerations

While the IPO shows promise, investors should consider the following:

• High ticket size for retail participation

• Market volatility may impact listing price

• Dependency on acquisitions as part of growth strategy

Final Verdict: Should You Subscribe?

Ace Alpha Tech offers a compelling mix of rapid financial growth, high return ratios, reasonable valuations, and an industry with significant tailwinds. The ₹13 GMP indicates positive investor sentiment, and the pre-IPO anchor interest adds to its credibility.

Recommendation: Risk-taking investors can consider subscribing to the Ace Alpha Tech IPO for listing gains and long-term potential in the tech-enabled trading solutions market.

The Upcoming IPOs in this week and coming weeks are Crizac, Silky Overseas, Vandan Foods, Pushpa Jewellers, Cedaar Textile, Marc Loire Fashions.

The Current active IPO are Neetu Yoshi, Adcounty Media India, Moving Media Entertainment, Valencia India, PRO FX Tech, Ace Alpha Tech, Indogulf Cropsciences, Suntech Infra Solutions, Rama Telecom, Supertech EV, Sambhav Steel Tubes, HDB Financials.

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