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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 ₹45.00 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). The minimum lot size investment for 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 Date | January 18, 2022 to January 21, 2022 |
| Listing Date | February 1, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,00,000 shares (aggregating up to ₹12.15 Cr) |
| Reserved for Market Maker | 1,38,000 shares Shreni Shares Ltd. (aggregating up to ₹0.6210 Cr) |
| Net Offered to Public | 25,62,000 shares (aggregating up to ₹11.53 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 27,45,000 shares |
| Share Holding Post Issue | 54,45,000 shares |
Alkosign IPO offers total 27,00,000 shares. Out of which 12,81,000 (47.44%) allocated to NII, 12,81,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,38,000 (5.11%) |
| NII (HNI) Shares Offered | 12,81,000 (47.44%) |
| Retail Shares Offered | 12,81,000 (47.44%) |
| Total Shares Offered | 27,00,000 (100.00%) |
Alkosign IPO opens on January 18, 2022, and closes on January 21, 2022.
| IPO Open Date | Tue, Jan 18, 2022 |
| IPO Close Date | Fri, Jan 21, 2022 |
| Tentative Allotment | Thu, Jan 27, 2022 |
| Initiation of Refunds | Fri, Jan 28, 2022 |
| Credit of Shares to Demat | Fri, Jan 28, 2022 |
| Tentative Listing Date | Tue, Feb 1, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 21, 2022 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Nov-21 | 31-Mar-21 | ||||
| Total Assets | 227.07 | 236.62 | |||
| Total Revenue | 59.18 | 132.77 | |||
| Profit After Tax | - 6.36 | 6.62 | |||
The IPO aims to utilize the net proceed for the following objectives;
[Dilip Davda] The company has shown just 20 months working with the last eight months reporting negative earnings. The company has a long gestation period to migrate to the main board as its post IPO equity remains small. The issue expenses indicate a fully structured IPO with pre-funding arrangements. It operates in a highly competitive and fragmented segment. Based on its financial data, the issue is exorbitantly priced. There is no harm in avoiding this issue. Read detail review...
| Listing Date | February 1, 2022 |
| BSE Script Code | 543453 |
| NSE Symbol | |
| ISIN | INE0KA601012 |
| Final Issue Price | ₹45 per share |
| BSE Listing Group | T |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.25 |
| Low | ₹45.25 |
| High | ₹46.75 |
| Last Trade | ₹45.25 |
Alkosign Ltd.
S NO : 12A,
MIDC, NR Mother Dairy, Saravli,
Bhiwandi
Thane, Maharashtra, 421311
Phone: +91-7391040250
Email: investor@alkosign.com
Website: https://alkosign.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Alkosign IPO is a SME IPO of 27,00,000 equity shares of the face value of ₹10 aggregating up to ₹12.15 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on January 18, 2022, and closes on January 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 January 18, 2022 and closes on January 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 Friday, January 28, 2022. Check the Alkosign IPO allotment status.
The Alkosign IPO listing date is on Tuesday, February 1, 2022.
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