Alphalogic Industries Limited IPO Detail
Incorporated in 2020, Alphalogic Industries Limited, a subsidiary of M/s. Alphalogic Techsys Limited is engaged in the Design, Manufacturing, Supply, and Installation of Industrial and Institutional Storage Systems.
The company manufactures Compactor Storage Systems, Heavy Duty Storage Racks, Cantilever Racks, Lockers, Mezzanine Floors, Metal Pallets & Crates, Library Stacks, Book Case, Book Trolly, Periodical Display Rack, School Lockers, Book Support, etc.
Alphalogic Industries' manufacturing unit is located in Pimpri Chinchwad, Pune, Maharashtra.
The company has designed and delivered storage solutions for the automobile industry, e-commerce companies, the food industry, logistics companies, engineering companies, pharmaceutical organizations, educational institutes, IT companies, etc. In Fiscal Year 2023, the company has served over 150 clients in different industries.
Company Promoters
The promoter of the company is M/S. Alphalogic Techsys Limited.IPO Details
| IPO Opening Date | Jul 03, 2023 |
| IPO Closing Date | Jul 06, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹96 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹12.88 Cr |
| Fresh Issue | 1,341,600 shares (aggregating up to ₹12.88 Cr) |
| Offer for Sale | - |
| Retail Portion | 50.00% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.67x | 0.31x | 0.49x | |
| Day 2 | - | - | 1.27x | 1.12x | 1.20x | |
| Day 3 | - | - | 1.64x | 1.74x | 1.91x | |
| Day 4 | - | - | 4.24x | 5.19x | 5.34x |
IPO Tentative Timetable
The Alphalogic Industries Limited IPO open date is Jul 03, 2023, and the close date is Jul 06, 2023. The issue may list on Jul 14, 2023.
| IPO Open Date | Jul 03, 2023 |
| IPO Close Date | Jul 06, 2023 |
| Basis of Allotment Date | Jul 11, 2023 |
| Initiation of Refunds | Jul 12, 2023 |
| Credit of Shares to Demat Account | Jul 13, 2023 |
| IPO Listing Date | Jul 14, 2023 |
IPO Lot Size
The Alphalogic Industries Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹115200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹115200 |
| Maximum | 1 | 1200 | ₹115200 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.67% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 373.94 | 784.33 | 30.51 |
| 31-Mar-23 | 917.73 | 1823.14 | 219.41 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet Working Capital Requirements,
- To meet the Issue Expenses, and
- General Corporate Purposes.
Alphalogic Industries Limited IPO Registrar:
Cameo Corporate Services Limited
Alphalogic Industries Limited IPO Lead Manager(s):
Finshore Management Services Limited
Company Contact Information:
Alphalogic Industries Limited
405, Pride Icon, Near Columbia Asia Hospital, Kharadi Bypass Road
Pune
Pune
