Ace Software Exports Rights Issue dates are 16 – 27 December 2024.
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:Â They provide services to convert various types of data into digital formats suitable for different applications.
- Document Management:Â Ace Software Exports offers comprehensive solutions for managing documents, including editing, formatting, and conversion services.
- Digital Publishing:Â The company specializes in e-publishing, which involves creating large-volume databases that are both text and image-based.
Promoters of Ace Software Exports – Vikram Bhupat Sanghani, Sanjay Harilal Dhamsania, and Amit Mansukhlal Mehta
Table of Contents
Ace Software Exports Rights Issue Details
| Ace Software Exports Rights Issue Date | 16 – 27 December 2024 |
| Ace Software Exports Rights Issue Price | INR 78 per share |
| Issue Size (in Shares) | 64,00,000 shares |
| Issue Size (in INR) | INR 49.92 crore |
| Issue Entitlement | 1 equity shares for every 1 equity shares held on record date |
| Terms of Payment | The 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 Date | 5 December 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Ace Software Exports Rights Issue Calculation
| Ace Software Exports Rights Issue Price | INR 78 per share |
| Market Price on Rights Issue Approval | INR 464 per share |
| Dilution Factor (X) | 2.0 |
| Fair Value After Dilution at Prevailing Price | INR 271 per share |
Ace Software Exports Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 9.78 | 10.32 | 23.72 |
| Expenses | 10.61 | 9.88 | 23.08 |
| Operating Margin (%) | (8.49) | 4.26 | 2.70 |
| Net Income | (0.81) | 0.12 | 5.35 |
| ROCE (%) | (4.93) | 1.29 | 2.56 |
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 shareholdersÂ
- 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 purposesÂ
Ace Software Exports Rights Offer Documents
- Ace Software Exports Rights Issue Application Form
- Ace Software Exports Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Ace Software Exports Rights Issue Dates
| Rights Issue Approval Date | 23 November 2024 |
| Rights Issue Record Date | 5 December 2024 |
| Credit of Rights Entitlement | 13 December 2024 |
| Rights Issue Opening Date | 16 December 2024 |
| Last Date for Market Renunciation | 20 December 2024 |
| Rights Issue Closing Date | 27 December 2024 |
| Finalization of Basis of Allotment | 3 January 2025 |
| Rights Allotment Date | 6 January 2025 |
| Credit Date | 9 January 2025 |
| Listing Date | 13 January 2025 |
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:Â +91-79-4040 4242
Email:Â [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:Â +91 810 811 4949
Email:Â [email protected]
Website:Â 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:Â 0281-2226097
Email:Â [email protected]
Website:Â 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.
