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2013-09-07

Ace Tours Worldwide Ltd to open IPO on September 9

Ace tours worldwide limited, a travel and tours company, has announced that they would open public issue on September 9. The company would be listed on the BSE SME platform.

Ace tours worldwide limited, a travel and tours company, has announced that they would open public issue on September 9. The company would be listed on the BSE SME platform.

 

The company would roll out 50 lakh equity shares of 10 each for cash at a price of Rs 16 per equity share including a share premium of Rs 6 per equity share, aggregating Rs 8 core of which 2.80 lakh equity shares of 10 each will be reserved for the subscription by the market makers to the issue. The net offering would be 47, 20,000 equity shares of 10 each for cash at a price of 16 per equity share aggregating 7.5 crore.

 

Raju Choksi, Managing Director, Ace Tours Worldwide Limited, said, “The company’s mission is to reflect comfort, luxury and the highest ethical standards in our relationships with customers, employees, shareholders, and all the people we touch.”

 

The company’s future expansion plans include expanding the branch  and franchisee network all over the world. The company is also planning to enter adventure and medical tourism along with setting up of business hotels, resorts.

 

 The company plans to enter into joint ventures with reputed international companies in the field of travel, tourism and hospitality.

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