Ace Alpha Tech Limited

Operates in the IT software and consulting space, with its FY26 revenue of Rs. 24.23 crore split across software development and trading services segments. The company IPO'd on BSE in July 2025, raising Rs. 32.22 crore (Rs. 24.48 crore fresh issue plus Rs. 7.74 crore offer for sale), and has used the proceeds mainly for capital expenditure such as server facility construction, hardware/software procurement and workforce expansion. It has also used part of the proceeds to build minority equity stakes in fintech and trading-technology firms — a 1.83% stake in uTrade Solutions (Rs. 2.54 crore) and up to 6.70% in Silverleaf Capital Services (Rs. 1.64 crore). It amended its objects clause to include securities trading as a core business. Employee cost is 6.4% of revenue and other operating expenses 15.1%, while capex runs at 26.7% of revenue, reflecting the ongoing build-out of its technology infrastructure. Operating cash flow was negative Rs. 1,089.33 lakhs in FY26, driven by large increases in trade receivables (Rs. 2,221.67 lakhs) and inventories (Rs. 953.03 lakhs).