Alphalogic Industries IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Alphalogic Industries IPO will open on July 3 and close on July 6, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 12.88 crores through this public offering, consisting of 13.41 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 96 per share.
Alphalogic Industries Limited (“the Company”)
Alphalogic Industries Limited was incorporated in 2020. The company is engaged in the Design, Manufacturing, supply, and Installation of Industrial and Institutional Storage systems, i.e., compactor storage systems, heavy-duty storage racks, cantilever racks, lockers, mezzanine floors, metal pallets and crates, library stacks, Bookcases, book trolleys, periodical display racks, school lockers, book supports, etc.
It is an ISO 9001:2015, 14001:2015, 45001:2018, and BIFMA-certified storage solution manufacturing company. They have designed and delivered storage solutions for the automobile industry, e-commerce companies, the food industry, logistics companies, engineering companies, pharmaceutical organisations, educational institutes, IT companies, etc. In Fiscal Year 2023, the company served over 150 clients in different industries.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- To meet Working Capital Requirements,
- To meet the Issue Expenses, and
- General Corporate Purposes.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 434 | 85 | 18 |
| Total Assets | 918 | 374 | 77 |
| Reserve & Surplus | 402 | 66 | 8 |
| Total Borrowings | 371 | 168 | 56 |
| Total Revenue | 1,823 | 784 | 322 |
| Profit After Tax | 219 | 31 | 8 |
IPO details
As per the DRHP filed with SEBI, 13.41 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 67,200 shares of the offering. While Finshore Management Services Limited will be the lead manager for the IPO, Cameo Corporate Services Limited will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 96 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,200 shares |
| Issue Size | 1,341,600 shares (aggregating up to ₹ 12.88 crores) |
| Fresh Issue | 1,341,600 shares (aggregating up to ₹ 12.88 crores) |
| Listing At | BSE SME |
| Company Promoters | M/S. Alphalogic Techsys Limited |
Market Maker detail
| Market maker | Nikunj Stock Brokers |
| Market maker portion | 67,200 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Retail shares offered | Not less than 50% of the offer |
GMP: Alphalogic Industries IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Alphalogic Industries IPO
The issue opens for subscription on July 3, 2023, and closes for subscription on July 6, 2023 (both days inclusive). The basis of allotment will be finalised on July 11, 2023, and the refunds will be initiated on July 12, 2023. In addition, the demat credits are expected to happen on July 13, 2023, and the stock will be listed on the BSE SME on July 14, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | July 3, 2023, |
| Closing Date | July 6, 2023 |
| Basis of Allotment | July 11, 2023 |
| Initiation of Refunds | July 12, 2023 |
| A credit of shares to Demat A/c | July 13, 2023 |
| Listing Date | July 14, 2023 |
Lot Size
The lot size of the Alphalogic Industries IPO is 1,200 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1.200 shares of ₹ 115,200.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,200 | ₹ 115,200 |
| Retail (Maximum) | 1 | 1,200 | ₹ 115,200 |
| HNI (Minimum) | 2 | 2,400 | ₹ 230,400 |
Promoters Holdings
| Pre-issue Shares Holdings | 100.00% |
| Post-issue Shares Holdings | 73.67% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Alphalogic Industries Limited 405, Pride Icon, Near Columbia Asia Hospital, Kharadi Bypass Road, Pune – 411014 Phone: +91 82977 40000 Email: cs@alphalogicindustries.com Website: https://alphalogicindustries.com/ |
| IPO Registrar | Cameo Corporate Services Limited Phone: +91-44-28460390 Email: cameo@cameoindia.com Website: https://ipo.cameoindia.com/ |
| IPO Lead Manager(s) | Finshore Management Services Limited |
FAQs
What is Alphalogic Industries’ IPO price?
The Alphalogic Industries IPO price is ₹ 96 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Alphalogic Industries IPO contains 1,200 shares of ₹ 115,200.
When will the Alphalogic Industries IPO allotment be available?
The finalisation of the basis of allotment for the Alphalogic Industries IPO will be done on July 11, 2023, and the allotted shares will be credited to your demat account by July 13, 2023. Check the Alphalogic Industries IPO allotment status.
When will the Alphalogic Industries IPO list on exchanges?
The Alphalogic Industries IPO shares listing date is July 14, 2023.
