Alkosign Limited IPO Detail
Alkosign Limited is engaged in the manufacturing of visual presentation systems namely writing boards/display boards/notice boards of different types along with its associated accessories. The company also manufactures stands used for these boards, school benches and desks, and other accessories. The company sells its products under various trademarks such as "Alkosign", "Sit and Study", "Brainee", "Glassy-BO", "Ultra- EX", "Ultra".
The company supplies products in around 22 states and is also moving ahead towards establishing its presence in the international market. The company has around 50 registered dealers. For e-retailing, the company has developed their own website and have tie-ups with e-commerce platforms in India and for the international market. The company has the biggest dedicated manufacturing unit with a production space of more than 5,00,000 sq. feet, for writing boards and display boards in India.
Competitive Strengths:
- Widespread sales and dealers' network
- Quality Certifications for manufacturing and supply of products
- Recognized products
- E-retailing and online distribution network
- Customer-Centric business model
Company Promoters
Samir Narendra Shah and Akshay Narendra ShaIPO Details
| IPO Opening Date | Jan 18, 2022 |
| IPO Closing Date | Jan 21, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹12.15 Cr |
| Fresh Issue | ₹12.15 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0x | - | - | 1.91x | 0.45x | 1.18x |
| Day 2 | 0x | - | - | 2.03x | 3.91x | 2.97x |
| Day 3 | 0x | - | - | 2.15x | 4.78x | 3.47x |
| Day 4 | 0x | - | - | 3.14x | 6.39x | 4.76x |
IPO Tentative Timetable
The Alkosign Limited IPO open date is Jan 18, 2022, and the close date is Jan 21, 2022. The issue may list on Feb 01, 2022.
| IPO Open Date | Jan 18, 2022 |
| IPO Close Date | Jan 21, 2022 |
| Basis of Allotment Date | Jan 27, 2022 |
| Initiation of Refunds | Jan 28, 2022 |
| Credit of Shares to Demat Account | Jan 28, 2022 |
| IPO Listing Date | Feb 01, 2022 |
IPO Lot Size
The Alkosign Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹135000 |
| Maximum | 1 | 3000 | ₹135000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 50.41% |
Company Financials:
For the year/period ended (₹ in Millions)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Nov-21 | 227.07 | 59.18 | - 6.36 |
| 31-Mar-21 | 236.62 | 132.77 | 6.62 |
Objects of the Issue:
- Prepayment/repayment of certain secured borrowings availed by the company.
- Funding working capital requirements; and
- General corporate purposes.
Alkosign Limited IPO Registrar:
Skyline Financial Services Private Ltd
Alkosign Limited IPO Lead Manager(s):
SHRENI SHARES PRIVATE LIMITED
