Ace Software Exports Rights Issue Dates, Price, Allotment, Entitlement

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Ace Software Exports Rights Issue

Ace Software Exports Rights Issue dates are not finalized.

Ace Software Exports is an Indian company primarily engaged in providing a range of digital content services, including document management, digital publishing, and data conversion solutions. Established in 1994, the company has evolved from its origins as a partnership firm into a public limited company, focusing on database creation and IT-enabled services.

Ace Software Exports has established itself as a full-service digital content provider catering to the outsourcing needs of publishers and other organizations. The company exports 100% of its production to clients primarily in the United States, including Apex Data Services Inc., with whom they have had a long-standing agreement since their inception

Core Services:

  • Data Conversion: They provide services to convert various types of data into digital formats suitable for different applications.
  • Document Management: Ace Software Exports offers comprehensive solutions for managing documents, including editing, formatting, and conversion services.
  • Digital Publishing: The company specializes in e-publishing, which involves creating large-volume databases that are both text and image-based.
Ace Software Exports Rights Issue entitlement ratio

Promoters of Ace Software Exports – Vikram Bhupat Sanghani, Sanjay Harilal Dhamsania, and Amit Mansukhlal Mehta

Ace Software Exports Rights Issue Details

Ace Software Exports Rights Issue DateComing soon
Ace Software Exports Rights Issue PriceINR 78 per share
Issue Size (in Shares)64,00,000 shares
Issue Size (in INR)INR 49.92 crore
Issue Entitlement1 equity shares for every 1 equity shares held on record date
Terms of PaymentThe Issue Price per Rights Equity Share shall be payable as follows:
1. On Application
2. On one or more subsequent Call(s) as determined by its Board / Rights Issue Committee at its sole discretion, from time to time.
Ace Software Exports Rights Issue Record Date5 December 2024
Face ValueINR 10 per share
Listing On BSE

Ace Software Exports Rights Issue Calculation

Ace Software Exports Rights Issue PriceINR 78 per share
Market Price on Rights Issue ApprovalINR 464 per share
Dilution Factor (X)2.0
Fair Value After Dilution at Prevailing PriceINR 271 per share

Ace Software Exports Financial Performance

 FY 2022FY 2023FY 2024
Revenue9.7810.3223.72
Expenses10.619.8823.08
Operating Margin (%)(8.49)4.262.70
Net Income(0.81)0.125.35
ROCE (%)(4.93)1.292.56
Figures in INR Crores unless specified otherwise

Ace Software Exports Rights Offer Objectives

The net proceeds from the offer are proposed to be used for

  • Acquisition of balance 60% equity shares of Ace Infoway Private Limited from its existing shareholders 
  • Investment in QeNomy Digital LLP by way of capital contribution
  • Investment in QeCAD Studio LLP by way of capital contribution
  • Additional investment in AQE Techtools Private Limited by way of subscription of equity shares
  • General corporate purposes 

Ace Software Exports Rights Offer Documents

Ace Software Exports Rights Issue Dates

Rights Issue Approval Date23 November 2024
Rights Issue Record Date5 December 2024
Credit of Rights EntitlementComing soon
Rights Issue Opening DateComing soon
Last Date for Market RenunciationComing soon
Rights Issue Closing DateComing soon
Finalization of Basis of AllotmentComing soon
Rights Allotment DateComing soon
Credit DateComing soon
Listing DateComing soon

Ace Software Exports Rights Offer Lead Manager

VIVRO FINANCIAL SERVICES PRIVATE LIMITED
Vivro House, 11, Shashi Colony, Opposite Suvidha
Shopping Center, Paldi, Ahmedabad – 380 007, Gujarat
Phone: +91-79-4040 4242
Email: [email protected]
Website: www.vivro.net

Ace Software Exports Rights Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in

Ace Software Exports Contact Details

ACE SOFTWARE EXPORTS LIMITED
801 Everest Commercial Complex, Opp. Shastri
Maidan, Rajkot – 360001, Gujarat, India
Phone: 0281-2226097
Email: 
[email protected]
Website:
 www.acesoftex.com

Ace Software Exports Rights Offer FAQs

What is the Ace Software Exports Rights Issue Price?

The issue price is INR 78 per share.

What is the Ace Software Exports Rights Issue entitlement ratio?

The eligible shareholders are offered 1 Equity Shares for every 1 Equity Shares held on the record date.

What is the Ace Software Exports Rights Issue Record Date?

The Record date is 5 December 2024.

How to Apply in Ace Software Exports Rights Offer?

The best way to apply in Ace Software Exports Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.

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