Ace Alpha Tech IPO, June 27 -- The initial public offering (IPO) of consulting and advisory firm Ace Alpha Tech Private Limited is witnessing a tepid response from investors. The Rs.32 crore BSE SME IPO, which combines a fresh issue of 35,48,400 shares and an offer for sale (OFS) of 11,22,000 shares, opened for subscription on Thursday, June 26. The latest grey market premium (GMP) of Ace Alpha Tech indicates the stock could be listed at a premium of nearly 20 per cent.

By 12:25 PM on the second day of subscription, the SME IPO had been subscribed 0.62 times. The retail portion was almost fully subscribed at that time, while the portion reserved for non-institutional buyers had been subscribed 0.50 times.

1. Ace Alpha Tech IPO GMP: Acco...