IPO Details
Bidding Dates
02 Jul '23 - 05 Jul '23
Minimum Investment
₹115,200 / 1 Lots ( 1200 Shares )
Price Range
₹96
Maximum Investment
₹115,200 / 1 Lots ( 1200 Shares )
Retail Discount
Not Applicable
Issue Size
₹12.88 Cr
Investor category and sub category
Non-Institutional Buyers | Retail Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jul 2, 2023
IPO Closing Date
Jul 5, 2023
Basis of Allotment
Jul 10, 2023
Initiation of Refunds
Jul 11, 2023
Credit of Shares to Demat Account
Jul 12, 2023
IPO Listing Date
Jul 13, 2023
UPI Mandatory Expiry Date
Jul 5, 2023
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Jul 2, 2023 |
0.67 | 0.31 | 0.49 |
Day 2Jul 3, 2023 |
1.27 | 1.12 | 1.20 |
Day 3Jul 4, 2023 |
1.64 | 1.75 | 1.91 |
Day 4Jul 5, 2023 |
4.24 | 5.19 | 5.34 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyer | 4.24 |
| Retail Investors | 5.19 |
| Total | 5.34 |
About Alphalogic Industries Ltd
Alphalogic Industries Limited is a company that was incorporated in the year 2020. The company specialises in the design, manufacturing, supply, and installation of industrial and institutional storage systems. Their range of products includes Compactor Storage Systems, Heavy Duty Storage Racks, Cantilever Racks, Lockers, Mezzanine Floors, Metal Pallets & Crates, Library Stacks, Bookcases, Book Trolleys, Periodical Display Racks, School Lockers, and Book Supports.
The company has successfully provided storage solutions to various industries, including the automobile industry, e-commerce companies, the food industry, logistics companies, engineering firms, pharmaceutical organisations, educational institutes, and IT companies.
Alphalogic Industries Limited IPO Details
Alphalogic Industries Ltd IPO is a 100% fresh issue comprising 1,341,600 shares, aggregating up to ₹12.88 crore. The price band is set to ₹96 per share. The lot size is 1200 shares. The IPO is set to open on 3rd July 2023 and close on 6th July 2023. It will be listed on BSE SME.
Alphalogic Industries Limited IPO Objectives
The company proposes to use the net proceeds from the issue in the following ways:
- To meet working capital requirements.
- To meet the issue expenses.
- General corporate purposes.
Peer Details
None of the listed companies in India offers products or services across the various business segments in which Alphalogic operates. Hence a strict comparison is not possible.
Highlights of Alphalogic Industries Ltd
- Alphalogic Industries Limited is a company that has built a strong track record of over 8 years, demonstrating its resilience and ability to navigate economic and business cycles successfully. This track record indicates that the company has weathered various challenges and maintained its business viability over an extended period.
- In Fiscal Year 2023, Alphalogic Industries Limited has served over 150 clients from different industries. This indicates the company's growth and success in a relatively short period of time since its incorporation. By catering to the unique storage needs of various sectors, the company has established itself as a reliable and trusted provider of storage solutions.
- The company has had negative cash flow in recent fiscals and a sustained negative cash flow could have an adverse impact on Alphalogic.
Company Financials
| Particulars | March 31, 2023 (Rs. lakhs) | March 31, 2022 (Rs. lakhs) | March 31, 2021 (Rs. lakhs) |
|---|---|---|---|
| Revenue from Operations | 1,801.85 | 784.33 | 321.24 |
| Net Profit After Tax (PAT) | 219.41 | 30.51 | 8.29 |
| Net Worth | 433.58 | 85.46 | 18.29 |
| EBITDA | 333.41 | 70.58 | 70.58 |
Know before investing
Strengths
2-
The combination of a solid track record and experienced management showcases Alphalogic Industries Limited's stability and adaptability. It indicates that the company has established a strong foundation and has the capability to endure and thrive in a dynamic business environment.
-
The company is successful in building a strong client base. Its existing relationships help the company to get repeat business. This has helped Alohalogic to maintain a long-term working relationship with its customers and improve its customer retention strategy.
Risks
2-
The company’s business is subject to seasonal and other fluctuations that may affect its cash flows and business operations.
-
The company’s limited financial and operating history may not provide an accurate basis for investors to understand its business and financial history for comparative analysis and evaluate its future business and financial prospects.
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Alphalogic Industries Ltd IPO FAQs
The Alphalogic Industries Ltd IPO is a fresh issue of 1,341,600 shares aggregating up to ₹12.88 Cr. The issue is priced at ₹96 per share. The listing will open on Friday, 14 July 2023.
The Basis of Allotment will happen on Tuesday, 11 July 2023.
The IPO subscription window will open on Monday, 3 July 2023.
Retail investors can apply for a minimum of one lot, which consists of 1200 shares.
Alphalogic Industries Ltd IPO will list on the BSE exchange on Friday, 14 July 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Validate with an OTP
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Friday, 14 July 2023, for Alphalogic Industries Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
