Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Tue, Jan 18, 2022 - Fri, Jan 21, 2022
Alkosign IPO is a fixed price issue of ₹12.15 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹12.15 crore.
Alkosign IPO bidding started from Jan 18, 2022 and ended on Jan 21, 2022. The allotment for Alkosign IPO was finalized on Jan 27, 2022. The shares got listed on BSE SME on Feb 1, 2022.
Alkosign IPO price is ₹45 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Shreni Shares Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Alkosign IPO RHP for detailed Information.
IPO Open
Tue, Jan 18, 2022
IPO Close
Fri, Jan 21, 2022
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹24.50 Cr
| IPO Date | 18 to 21 Jan, 2022 |
| Listed on | Tue, Feb 1, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,00,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 1,38,000 shares Shreni Shares Ltd. (agg. up to ₹0.6210 Cr) |
| Fresh Issue (Ex Market Maker) | 25,62,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 25,62,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 27,45,000 shares |
| Share Holding Post Issue | 54,45,000 shares |
| BSE Script Code | 543453 |
| ISIN | INE0KA601012 |
Alkosign IPO comprises a total issue size of 27,00,000 shares. The net offer to the public is 25,62,000 shares, after excluding 1,38,000 shares allotted on a firm basis. Of the Net offer 12,81,000 (50.00%) allocated to NII 12,81,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,81,000 | 50.00% | 47.44% |
| Retail Shares Offered | 12,81,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,38,000 | 5.11% | |
| Total Shares Offered | 27,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Alkosign Limited is engaged in the manufacturing of visual presentation systems namely writing boards/display boards/notice boards of different types along with its associated accessories. The company also manufactures stands used for these boards, school benches and desks, and other accessories. The company sells its products under various trademarks such as "Alkosign", "Sit and Study", "Brainee", "Glassy-BO", "Ultra- EX", "Ultra".
The company supplies products in around 22 states and is also moving ahead towards establishing its presence in the international market. The company has around 50 registered dealers. For e-retailing, the company has developed their own website and have tie-ups with e-commerce platforms in India and for the international market. The company has the biggest dedicated manufacturing unit with a production space of more than 5,00,000 sq. feet, for writing boards and display boards in India.
Competitive Strengths:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment/repayment of certain secured borrowings availed by the Company | 3.00 |
| 2 | Funding working capital requirements | 5.46 |
| 3 | General corporate purposes | 2.43 |
| KPI | Nov 30, 2021 | Mar 31, 2021 |
|---|---|---|
| ROE | -41% | 197% |
| ROCE | -6% | 13% |
| Debt/Equity | 8.03 | 30.46 |
| RoNW | -26.52% | 98.51% |
| Price to Book Value | 5.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.86 | |
| Promoter Holding | 100.00% | 50.41% |
| Market Cap | ₹24.50 Cr. |
The Alkosign IPO is subscribed 4.76 times on January 21, 2022 6:52:00 PM (Day 4). The public issue subscribed 6.39 times in the retail category, [.] times in the QIB category, and 3.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.14 | 12,81,000 | 40,23,000 |
| Retail | 6.39 | 12,81,000 | 81,81,000 |
| Total | 4.76 | 25,62,000 | 1,22,04,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees, Underwriting Commission, Market Making Charges, Commission/processing fees for SCSBs, Brokerage and selling commission for Registered Brokers, CRTAs and CDPs | 0.91 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Advertising and Marketing Expenses | 0.26 |
| 4 | Listing Fee and Other Regulatory Expenses including fees paid/payable to Stock Exchanges and Depositories | 0.04 |
| 5 | Printing & Stationery and Postage expenses | 0.01 |
| 6 | Others (Fees Payable to Auditor, Fees to Legal Advisor and Miscellaneous Expenses) | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.25 |
| Low | ₹45.25 |
| High | ₹46.75 |
| Last Trade | ₹45.25 |
Lead Manager Reports
Alkosign IPO is a SME IPO of 27,00,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Jan 18, 2022, and closes on Fri, Jan 21, 2022.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Alkosign IPO using UPI as a payment gateway. Zerodha customers can apply in Alkosign IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Alkosign IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Alkosign IPO opens on Tue, Jan 18, 2022 and closes on Fri, Jan 21, 2022.
Alkosign IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Alkosign IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Alkosign IPO will be done on Thursday, January 27, 2022, and the allotted shares will be credited to your demat account by Fri, Jan 28, 2022. Check the Alkosign IPO allotment status.
The Alkosign IPO listing date is on Tue, Feb 1, 2022.
