Alphalogic Industries IPO will open for subscription from 03 July 2023. the company aims for an issue size of ₹12.88 Cr through this IPO.
Company Overview
| Full name | Alphalogic Industries Limited |
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipments |
| Company Website | https://alphalogicindustries.com/ |
About Company
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 & Crates, Library Stacks, Book Case, Book Trolly, Periodical Display Rack, School Lockers, Book Support, etc. Alphalogic Industries’ manufacturing facility is located at Survey No. 164/1, Plot No. 6, Alkapuram Road, Opp Yashobhumi Society, Wadmukhwadi, Pimpri Chinchwad, Pune – 412105, Maharashtra. It is an ISO 9001:2015, 14001:2015, 45001:2018, and BIFMA-certified storage solution manufacturing company.
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 FY 2023, the company served over 150 clients in different industries. Its manufacturing process includes both In-house manufacturing and outsourcing model. Through its outsourcing model, it mainly processes the following activities i.e. Perforation, Powder Coating, Installation, etc.
Alphalogic Industries Limited is a subsidiary of M/s. Alphalogic Techsys Limited, which was listed on the Startup Segment of the SME Platform of BSE Limited as one of the first companies to list on the BSE Start-up platform and later migrated to the Mainboard Platform on December 16, 2021.
The Objective of the Issue
- To meet Working Capital Requirements,
- To meet the Issue Expenses, and
- General Corporate Purposes.
IPO Timetable
| IPO Opening date | 03 July 2023 |
| IPO Closing | 06 July 2023 |
| Basis of Allotment | 11 July 2023 |
| Initiation Refund | 12 July 2023 |
| Credit to Demat Account | 13 July 2023 |
| Listing Date | 14 July 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹12.88 Cr – 1,341,600 shares |
| Fresh Issue | ₹12.88 Cr – 1,341,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹96 per share |
| Lot size | 1200 Share |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
| HNI (Min) | 2 | 2,400 | ₹230,400 |
Reservation Details
| Market Maker Shares Offered | 67,200 (5.56%) |
| Other Shares Offered | 570,000 (47.17%) |
| Retail Shares Offered | 704,400 (58.29%) |
| Total Shares Offered | 1,208,400 (100%) |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 322.3 | 784.3 | 1,801.8 |
| Expenses | 305.0 | 710.9 | 1,482.7 |
| Net income | 8.3 | 30.5 | 219.4 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.69 | 1.30 | 5.85 |
| PE ratio | – | – | 16.41 |
| RONW (%) | 45.34 | 35.69 | 50.60 |
| NAV | 11.55 | ||
| ROCE (%) | 23.00 | 27.00 | 75.00 |
| EBITDA (%) | 5.38 | 9.00 | 18.29 |
| Debt/Equity | 3.05 | 1.97 | 0.86 |
Company Promoters
- M/S. Alphalogic Techsys Limited.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.67% |
Lead Manager(s)
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A,
2nd Floor, Room No. 207,
227 A.J.C Bose Road, Kolkata-700020, West Bengal
Phone :033 – 2289 5101 / 4603 2561
Email: info@finshoregroup.com
Website: www.finshoregroup.com
IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
‘Subramanian Building’,
1, Club House Road,
Chennai – 600 002, Tamil Nadu
Phone: +91 – 44 – 40020700
Email: investor@cameoindia.com
Website: www.cameoindia.com
Contact Details
ALPHALOGIC INDUSTRIES LIMITED
405, Pride Icon, Near Columbia Asia Hospital,
Kharadi Bypass Road, Pune – 411014, Maharashtra
Phone: +91 82977 40000
E-mail: cs@alphalogicindustries.com
Website: www.alphalogicindustries.com
Allotment Status
Alphalogic Industries IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Final thoughts
Alphalogic Industries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
