Fixed Price IPO | ₹13 Cr | Listed at BSE SME | Mon, Jul 3, 2023 - Thu, Jul 6, 2023
Alphalogic Industries IPO is a fixed price issue of ₹12.88 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹12.88 crore.
Alphalogic Industries IPO bidding started from Jul 3, 2023 and ended on Jul 6, 2023. The allotment for Alphalogic Industries IPO was finalized on Jul 11, 2023. The shares got listed on BSE SME on Jul 14, 2023.
Alphalogic Industries IPO price is ₹96 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,15,200 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,30,400.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Alphalogic Industries IPO RHP for detailed Information.
IPO Open
Mon, Jul 3, 2023
IPO Close
Thu, Jul 6, 2023
Issue Price
₹96 per share
Market Cap (Pre-IPO)
₹48.91 Cr
| IPO Date | 3 to 6 Jul, 2023 |
| Listed on | Fri, Jul 14, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹96 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 13,41,600 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 67,200 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.6451 Cr) |
| Fresh Issue (Ex Market Maker) | 12,74,400 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 12,74,400 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 37,53,000 shares |
| Share Holding Post Issue | 50,94,600 shares |
| BSE Script Code | 543937 |
| ISIN | INE0NZF01019 |
Alphalogic Industries IPO comprises a total issue size of 13,41,600 shares. The net offer to the public is 11,41,200 shares, after excluding 67,200 shares allotted on a firm basis and 1,33,200 shares under a preferential allotment. Of the Net offer 5,70,000 (49.95%) allocated to NII 5,71,200 (50.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,70,000 | 49.95% | 42.49% |
| Retail Shares Offered | 5,71,200 | 50.05% | 42.58% |
| Preferential Reservations | |||
| Shareholders Shares Offered | 1,33,200 | 9.93% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 67,200 | 5.01% | |
| Total Shares Offered | 13,41,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,15,200 |
| Retail (Max) | 1 | 1,200 | ₹1,15,200 |
| HNI (Min) | 2 | 2,400 | ₹2,30,400 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only shareholder | Up to ShareHolder Reservation | Allowed only if bidding amount is upto Rs 2 lakhs |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
Incorporated in 2020, Alphalogic Industries Limited, a subsidiary of M/s. Alphalogic Techsys Limited is engaged in the Design, Manufacturing, Supply, and Installation of Industrial and Institutional Storage Systems.
The company manufactures 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 unit is located in Pimpri Chinchwad, Pune, Maharashtra.
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 Fiscal Year 2023, the company has served over 150 clients in different industries.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 9.18 | 3.74 | 0.77 |
| Total Income | 18.23 | 7.84 | 3.22 |
| Profit After Tax | 2.19 | 0.31 | 0.08 |
| NET Worth | 4.34 | 0.85 | 0.18 |
| Reserves and Surplus | 4.02 | 0.66 | 0.08 |
| Total Borrowing | 3.71 | 1.68 | 0.56 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital Requirements | 9.95 |
| 2 | General Corporate Purposes | 2.49 |
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 85 |
| ROCE | 75 |
| Debt/Equity | 0.86 |
| RoNW | 50.60 |
| PAT Margin | 12.00% |
| EBITDA Margin | 18.29% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 111.53 | |
| P/E (x) | 22.3 | |
| Promoter Holding | 100.00% | 73.67% |
| Market Cap | ₹48.91 Cr. |
The Alphalogic Industries IPO is subscribed 5.34 times on July 6, 2023 7:02:00 PM (Day 4). The public issue subscribed 5.19 times in the retail category, [.] times in the QIB category, and 4.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 4.24 | 5,70,000 | 24,15,600 |
| Retail | 5.19 | 7,04,400 | 36,54,000 |
| Total | 5.34 | 11,41,200 | 60,93,600 |
Total Application : 3,999
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees, Underwriting commission, including other intermediaries Fees, and other Expenses | 0.20 |
| 2 | Regulators Including Stock Exchanges | 0.07 |
| 3 | Advertising, Selling and Marketing Expenses | 0.17 |
| 4 | Printing and distribution of issue stationery | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹96.00 |
| Open | ₹96.00 |
| Low | ₹96.00 |
| High | ₹98.30 |
| Last Trade | ₹96.29 |
Lead Manager Reports
Alphalogic Industries IPO is a SME IPO of 13,41,600 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹96 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Jul 3, 2023, and closes on Thu, Jul 6, 2023.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Alphalogic Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Alphalogic Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Alphalogic Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Alphalogic Industries IPO opens on Mon, Jul 3, 2023 and closes on Thu, Jul 6, 2023.
Alphalogic Industries IPO lot size is 1200, and the minimum amount required for application is ₹1,15,200.
You can apply in Alphalogic Industries 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 Alphalogic Industries IPO will be done on Tuesday, July 11, 2023, and the allotted shares will be credited to your demat account by Thu, Jul 13, 2023. Check the Alphalogic Industries IPO allotment status.
The Alphalogic Industries IPO listing date is on Fri, Jul 14, 2023.
