Ace Alpha Tech IPO was subscribed nearly 40 times, with strong interest from retail (42x) and NII (52x) investors.
The IPO raised Rs 32.22 crore, with a GMP of Rs 28, indicating a 41% premium over the upper price band of Rs 69.
Share allotment is due on July 1, with listing expected on the BSE SME platform by July 3.
The company posted FY24 PAT of Rs 10.65 crore with over 70% PAT margin, highlighting robust financial health.
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