Accord Synergy IPO

Accord Synergy IPO

Accord Synergy IPO

Accord Synergy offers support services to the high end telecom segments such as network planning & optimization, network rollout, managed services and manpower solutions through sub-contracting basis. It provides all services related to planning, installation & commissioning, operation, expansion, modification and maintenance of telecom networks and provide manpower solutions to its customers. The company offers a wide variety of services and solutions i.e. technical site surveys, radio surveys, network planning, radio and core equipment (BBS, RBS 2G, 3G and LTE) installation, installation supervision and commission/integration services to a wide variety of equipments and vendors.

Accord Synergy undertakes this activity through engineers and technical staff deputed on client sites/offices. It has successfully implemented various projects include Nokia Solutions and Network India Pvt. Ltd, Samsung India Electronics Pvt. Ltd, Reliance Corporate IT Park Limited and Huawei Telecommunication (India) Company Pvt. Ltd etc.

Promoters of Accord Synergy – Betulla Asdulla Khan and Roli Betulla Khan

Accord Synergy IPO details

Subscription Dates 22 – 28 June 2017
IPO Price band INR60 per share
Fresh issue 972,000 shares (INR5.83 crore)
Offer for sale Nil
Total IPO size 972,000 shares (INR5.83 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge platform


Accord Synergy’s financial performance (in INR crore)

FY2015 FY2016 9M FY2017
Total revenue 8.71 63.04 49.05
Total expenses 8.25 59.16 45.71
Profit after tax 0.32 2.60 2.22



Subscription (no. of times)

Day 1 1.70
Day 2 6.10
Day 3 27.15
Day 4 141.81

Accord Synergy Limited
302, Shine Plaza, Natubhi Circle
Race Course, Vadodara -390 007

Phone: +91 265 2356 800
Email: [email protected]

Earnings Per Share (EPS): INR10.40

Price/Earnings (P/E) ratio: 5.77

Return on Net Worth (RONW): 88.78%

Net Asset Value (NAV): INR11.72 per share

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup (W), Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: [email protected]

Accord Synergy IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

IPO Opening Date: 22 June 2017

IPO Closing Date: 28 June 2017

Listing Date: 6 July 2017

Listing Price on NSE SME: INR72 per share (up 20% from IPO price)

Closing Price on NSE SME: INR72 per share (up 20% from IPO price)



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