Archive · 3 Jul 2025
Pro FX & Ace Alpha Tech Shares Soar on Market Debut
Two tech companies, Pro FX Tech and Ace Alpha Tech, recently entered the stock market.
Pro FX Tech's shares started trading at a higher price than their initial offering, up by about 9%.
Ace Alpha Tech had an even better start, with their shares opening at a higher price.
Both companies raised money from these IPOs.
Pro FX Tech sells audio-video products, and Ace Alpha Tech offers business services.
They plan to use the money for things like expanding their business and general company needs.
The high demand from investors shows interest in these new companies.
Pro FX Tech shares listed on NSE SME at a 9.20% premium, while Ace Alpha Tech debuted on BSE SME with a 17.39% premium.
Pro FX Tech's IPO was subscribed 25.42 times, and Ace Alpha Tech's IPO was subscribed 101.75 times.
Pro FX Tech's shares opened at ₹95, later reaching ₹99.75, while Ace Alpha Tech shares opened at ₹81.
Pro FX Tech is involved in AV product distribution, and Ace Alpha Tech provides legal, accounting, and consulting services.
Both companies intend to use IPO proceeds for various purposes, including capital expenditures and working capital.
- Who
- Pro FX Tech, a distributor of AV products, and Ace Alpha Tech, a provider of legal, accounting, and consulting services.
- What
- Two companies, Pro FX Tech and Ace Alpha Tech, had successful initial public offerings (IPOs) and began trading on the stock market.
- When
- Both companies' IPOs occurred in late June, with trading commencing on the NSE SME and BSE SME platforms, respectively.
- Where
- Pro FX Tech listed on NSE SME and Ace Alpha Tech listed on BSE SME.
- Why
- Both companies sought capital through their IPOs for purposes including corporate expansion, debt repayment, and working capital.
Market Expectations
Actual Market Performance
IPO Performance vs. Expectations
Market Expectations
Pro FX Tech's listing was below the expectations indicated by the grey market premium.
Actual Market Performance
Ace Alpha Tech exceeded expectations, trading at a significant premium.
- Pro FX Tech Listing Price
- ₹95
- Ace Alpha Tech Listing Price
- ₹81
- Pro FX Tech IPO Subscription
- 25.42 times
- Ace Alpha Tech IPO Subscription
- 101.75 times
- Pro FX Tech Business
- AV product distribution
- Ace Alpha Tech Business
- Legal, accounting, consulting services