Shares of Acetech E-Commerce listed today on the NSE SME platform at ₹112, exactly matching the IPO issue price. The ₹49 crore SME IPO had received modest subscription demand, and its muted debut reflects cautious investor sentiment in the e-commerce segment despite steady financial growth in recent years.
Acetech E-Commerce IPO Listing
Acetech E-Commerce’s IPO comprised a fresh issue of 43.7 lakh equity shares, raising about ₹48.95 crore. The company had set a price band of ₹106–₹112 per share, with the issue subscribed 1.14 times overall. The listing at ₹112 was in line with grey market expectations, signaling limited immediate upside for investors.
Company Background And Use Of Funds
Acetech E-Commerce reported revenues of ₹70.41 crore in FY25, up from ₹60.28 crore in FY24, with profits rising to ₹6.88 crore from ₹4.02 crore. The IPO proceeds will be used for marketing, working capital, and potential acquisitions, reflecting the company’s strategy to expand its footprint in India’s competitive e-commerce space.
Market Outlook
Analysts note that while the flat listing may disappoint short-term investors, the company’s improving financials and growth plans could support long-term value creation. SME listings often carry higher volatility, and investor interest may depend on execution of expansion strategies and sector performance.
Key Highlights
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Acetech E-Commerce listed at ₹112 on NSE SME, flat against IPO price
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IPO size: ₹48.95 crore, fresh issue of 43.7 lakh shares
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Subscription: 1.14 times overall, modest demand
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Funds to be used for marketing, working capital, acquisitions
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Company reported FY25 revenue of ₹70.41 crore and profit of ₹6.88 crore
Sources: Economic Times, IPO Watch, Chittorgarh