Ace Integrated Solutions Limited, a leading Recruitment and Examination Services Management Company successfully floated its Initial Public Offer (IPO) on NSE Emerge Platform.


With this IPO, ACE becomes the first Company in examination services sector to be listed on a recognized Stock Exchange in India.


The Company received final listing and trading approval from National Stock Exchange of India Limited (NSE) on July 12, 2017 and commenced its trading on equity segment of NSE from the next day.


On this occasion C S Verma, chairman of the company said, "This is the beginning of a new era of the organization and for the first time any examination and recruitment services management organization had gone for listing."


Gaurav Kapur, North India Head of NSE, said, "A lot of companies are raising funds through capital market which help investors to create wealth for them."


The Company had come out with an IPO of 18,00,000 Equity Shares at a price of Rs 40 per Equity Share aggregating to Rs 720 Lakh by diluting its 26.47% stake to the Public. The IPO received good response with over all subscription of 1.61 times.


The Company received a total of 319 applications and is duly subscribed by all the categories of investors. The Company intends to utilize this IPO proceeds for meeting its working capital requirements and general corporate purposes. The program was well managed by CA Abhay Chandalia. 

 

The Company had commenced its operations in 1997 and now had over 20 years of experience in providing cost- effective solutions to variety of Recruitment and processing projects. The Company offers a range of services namely, On-Line & off line Application Form designing, Barcoding, Collection, Data Capturing and Processing, Designing Printing and Dispatch of Admit Cards, Arrangement of test venues, Designing and printing of OMR answer sheets with security features, Setting, Designing and printing of question booklet as per the required Difficulty Levels and Topics (Technical and Non-Technical), consultancy, Facility Management, Data Base Management Services etc.


Further, the Company had over 16000 Sq. Ft. area which is well equipped with the Equipment and machinery required for the execution and production of all the deliverables involved in any of the Recruitment and Examination Project and is providing its services to various PSUs including DMRC, ONGC, Power Grid, NHPC etc and private giants likes TCS.


Chandra Shekhar Verma (54), is the Promoter and Managing Director of the company. He is a fellow member of The Institute of Chartered Accountants of India and he has done BCom from University of Gorakhpur. He is a renowned personality having more than 20 years in a business and is running the company since incorporation. He is a proven influencer and negotiator and has pragmatic approach of getting the required results. His long professional career gives guidance to his employees in achieving targets in a dynamic and complex business environment.