AccelerateBS India Ltd IPO: Everything You Need to Know

AccelerateBS India Ltd IPO: Everything You Need to Know

AccelerateBS India Ltd is a technology-enabled financial services company that provides business loans to small and medium-sized enterprises (SMEs). The company was founded in 2015 and is headquartered in Mumbai, India.

The AccelerateBS India Ltd IPO is scheduled to be listed on the BSE SME exchange from July 6 to July 11, 2023. The share's issue price is set at Rs. 90, with a face value of Rs. 10 per share. The IPO's total issue size is 632,000 shares, amounting to Rs. 5.69 Cr. Retail investors are allocated 50% of the total issue, while the remaining portion is reserved for other investors.

The proceeds from the IPO will be used to fund the company's growth initiatives, including expanding its lending portfolio, developing new products and services, and strengthening its technology infrastructure.

Here are some of the key highlights of the AccelerateBS India Ltd IPO:

• The company has a strong track record of growth. Its loan book has grown at a compound annual growth rate (CAGR) of 40% over the past three years.

• The company has a diversified customer base. It lends to SMEs across a wide range of industries, including manufacturing, trading, and services.

• The company has a strong management team with a proven track record in the financial services industry.

The AccelerateBS India Ltd IPO is a good opportunity for investors to participate in the growth of the SME lending sector in India. The company has a strong track record and a diversified customer base. The management team is also experienced and capable.

Know more about AccelerateBS India Ltd IPO.