Business Standard

Ace Tours Worldwide Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

8.00 cr

Price Range (₹)

16

Lot Size

8000

Min Investment (₹)

1,28,000.00

Listing Exchange

BSE - SME

Open Date

09-Sept-2013

Close Date

12-Sept-2013

Listing Date

26-Sept-2013

Ace Tours Worldwide Ltd News

    The Shares of Ace Tours Worldwide Ltd have now been listed.

    Ace Tours Worldwide Ltd IPO Details

    Public issue of 50,00,000 equity shares of Rs. 10 each (Equity Shares) of ACE Tours Worldwide Limited (The Company or The Issuer) for cash at a price of Rs. 16 per equity share, including a share premium of Rs. 6 per equity share (The Issue Price), aggregating Rs. 8.00 crores (The issue), of which 2,70,000 equity shares of Rs. 10 each will be reserved for subscription by the Market Makers to the issue (The Market Maker Reservation Portion). The issue less Market Maker reservation portion i.e. issue of 47,20,000 equity shares of Rs. 10 each for cash at a price of Rs. 16 per equity share aggregating Rs. 7.55 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 39.46% and 37.25% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price of Rs. 16 is 1.6 times of the face value.

    Objective of issue

    Brand Building Exercise. Part Funding the working capital requirements.

    Ace Tours Worldwide Ltd Contact Details

    Ace Tours Worldwide Ltd, B-302 Sony Apartment, Off-Andheri Kurla Rd, Jarimari Sakinaka, Mumbai-400072

    Phone - 91-22-28520461

    Fax - 91-22-28511809

    Email - compliance@acetours.in

    Website - www.ace1world.com