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Alphalogic Industries IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. To meet Working Capital Requirements,
  2. To meet the Issue Expenses, and
  3. General Corporate Purposes.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth4348518
Total Assets91837477
Reserve & Surplus402668
Total Borrowings37116856
Total Revenue1,823784322
Profit After Tax219318
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 96 per share
Face Value₹ 10 per share
Market Lot1,200 shares
Issue Size1,341,600 shares (aggregating up to ₹ 12.88 crores)
Fresh Issue1,341,600 shares (aggregating up to ₹ 12.88 crores)
Listing AtBSE SME
Company PromotersM/S. Alphalogic Techsys Limited

Market Maker detail

Market makerNikunj Stock Brokers
Market maker portion67,200 shares

IPO Reservation

CategoriesNo. of shares offered
Retail shares offeredNot 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 DateJuly 3, 2023,
Closing DateJuly 6, 2023
Basis of AllotmentJuly 11, 2023
Initiation of RefundsJuly 12, 2023
A credit of shares to Demat A/cJuly 13, 2023
Listing DateJuly 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.

ApplicationsLotsSharesAmount
Retail (Minimum)11,200₹ 115,200
Retail (Maximum)11,200₹ 115,200
HNI (Minimum)22,400₹ 230,400

Promoters Holdings 

Pre-issue Shares Holdings100.00%
Post-issue Shares Holdings73.67%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationAlphalogic Industries Limited
405, Pride Icon, Near Columbia Asia Hospital, Kharadi Bypass Road, Pune – 411014
Phone: +91 82977 40000
Email: [email protected]
Website: https://alphalogicindustries.com/
IPO RegistrarCameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
IPO Lead Manager(s)Finshore Management Services Limited

FAQs

The Alphalogic Industries IPO price is ₹ 96 per share.

The minimum investment size is one lot for retail investors. One lot of the Alphalogic Industries IPO contains 1,200 shares of ₹ 115,200.

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.

The Alphalogic Industries IPO shares listing date is July 14, 2023.

Click here for more FAQs.

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