Alphalogic Industries Limited IPO is set to launch on 3 July, 2023. The company initiated its business operations in the year 2020. It is a subsidiary of Alphalogic Techsys Limited and it works into the field of manufacturing, Supplying, designing and installing the Institutional and Industrial Storage Systems.
Alphalogic Industries Limited manufactures heavy Duty Storage racks, Compactor Storage Systems, Lockers, Cantilever Racks, Metal Pallets and Crates, Mezzanine Floors, Book cases, Library Stacks, Periodical Display racks, Book Trolly, Book Support, School Lockers etc.
Its manufacturing facility is in Pimpri, Maharashtra. Its products are supplied to Automobile Industry, Foods Industry, E-commerce Companies, Engineering Companies, Logistics Companies,Educational Institutes, pharmaceutical organisations, IT Companies etc.
Alphalogic Industries Limited IPO DETAILS
Alphalogic Industries Limited IPO is set to launch on 3 July, 2023. The subscription timeline extends till 6 July, 2023. The size for the IPO is 12.88 Crore Rs. Shares issued through fresh issue mode are worth 12.88 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 96 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Cameo Corporate Services Limited.
Tabular Description of Alphalogic Industries Limited IPO
| IPO OPENING DATE | 3 July, 2023 |
| CLOSING DATE FOR IPO | 6 July, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 96 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 12.88 Crore Rs. |
| OFFER FOR SALE | No shares offered through offer for sale mode |
| FRESH ISSUE | 12.88 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 14 July, 2023 |
Alphalogic Industries Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 3 July, 2023 |
| CLOSING DATE FOR IPO | 6 July, 2023 |
| IPO ALLOTMENT DATE | 11 July, 2023 |
| REFUNDS | 12 July, 2023 |
| DEMAT A/C CREDITED ON | 13 July, 2023 |
| IPO LISTING DATE | 14 July, 2023 |
Alphalogic Industries Limited IPO begins for subscription from 3 July, 2023. The IPO subscription would continue till 6 July, 2023. The allotment status for the shareholders who applied would come on 11 July, 2023. The refunds for the ones who did not get allotment would be initiated on 12 July, 2023. The DEMAT accounts of shareholders would be credited on 13 July, 2023. The listing of the company would be completed on 14 July, 2023.
Alphalogic Industries Limited IPO : Lead Managers
The lead managers are :
- Finshore Management Services Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 115200 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 230400 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 115200 Rs. |
| Maximum | 2400 shares | 230400 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 76 | 373 | 917 |
| Revenue | 322 | 784 | 1823 |
| PAT | 8 | 30 | 219 |
Alphalogic Industries Limited had an asset base of 76 Lakh Rs in 2021 which increased to 373 Lakh Rs in 2022. The asset base almost increased by 2.5 times to 917 Lakh Rs in 2023. The revenue of the firm also took mighty jumps like the asset base. The revenue of the firm was 322 Lakh Rs in 2021 which increased to a mega 784 Lakh Rs which is more than double. Also in 2023 the revenue of the firm increased by more than 1000 Lakh Rs to 1823 Lakh Rs. The profit of the firm was 8 Lakh Rs in 2021 which increased to 30 Lakh Rs in 2022 and 219 Lkah Rs in 2023.
PROS
- Alphalogic Industries Limited manufactures heavy Duty Storage racks, Compactor Storage Systems, Lockers, Cantilever Racks, Metal Pallets and Crates, Mezzanine Floors, Book cases, Library Stacks, Periodical Display racks, Book Trolly, Book Support, School Lockers etc.
- Its manufacturing facility is in Pimpri, Maharashtra. Its products are supplied to Automobile Industry, Foods Industry, E-commerce Companies, Engineering Companies, Logistics Companies,Educational Institutes, pharmaceutical organisations, IT Companies etc.
CONS
- The company works into a very competitive segment.
Alphalogic Industries Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Alphalogic Industries Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
