New Delhi, 09 March (H.S.): Shares of Acetech E-Commerce Ltd, engaged in dropshipping, tele-shopping, and cross-border e-commerce, listed flat at the issue price of ₹112 on the NSE SME platform Monday but rocketed to the upper circuit of ₹117.60 on robust retail buying—delivering a 5% gain to IPO investors on Day 1.

The ₹48.95 crore IPO, open February 27 to March 4, saw tepid response at 1.14x overall subscription. QIBs fully subscribed their quota, NIIs oversubscribed 157%, and retail hit 116%. It issued 43,70,400 fresh shares (face value ₹10), with proceeds earmarked for marketing, working capital, and general corporate purposes.

DRHP filings highlight steady growth: Net profit rose from FY23 ₹1.52 Cr to FY24 ₹4.02 Cr, FY25 ₹6.88 Cr, and H1 FY26 (Apr-Sep 2025) ₹5.74 Cr. Revenue climbed: FY23 ₹52.48 Cr → FY24 ₹60.28 Cr → FY25 ₹70.41 Cr → H1 FY26 ₹40.44 Cr.

Reserves fluctuated: FY23 ₹1.86 Cr → FY24 ₹5.88 Cr → FY25 ₹3.76 Cr → H1 FY26 ₹10.11 Cr. EBITDA strengthened: FY23 ₹2.42 Cr → FY24 ₹6.64 Cr → FY25 ₹9.34 Cr → H1 FY26 ₹7.78 Cr.

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Hindusthan Samachar / Jun Sarkar