Alphalogic Techsys IPO Details

Alphalogic Techsys IPO Details

Alphalogic Techsys IPO

Alphalogic Techsys is a software consulting firm located in Maharashtra. It is engaged in offering end- to- end technology solutions and consulting services and support. Now, Software consulting firm Alphalogic Techsys has launched it’s Initial Public Offer of Rs 6.18 crore. It opened for bidding on 26-8-2019 and closed on 28th August 2019 at a fixed price of Rs 84 per equity share.  The company, which intends to list on September 5, is set to become the first company to be listed on the BSE start-up platform. Alphalogic Techsys IPO offers a total of 7.36 lakh shares worth of Rs 6.18 crore.

Alphalogic Techsys IPO Details

  Issue Open  Aug 26, 2019 – Aug 28, 2019
  Issue Type  Fixed Price Issue
  IPO Size  736,000 eq shares of Rs 10 (aggregating up to Rs 6.18 cr)
  Face Value  Rs 10 per equity share
  Issue Price  Rs 84 Per Equity Share
  Market Lot  1600 shares
  Min Order Quantity  1600 Shares
  Listing At  BSE SME

As of the source, Alphalogic Techsys IPO offered a Fixed type issue. The size of the IPO is 736,000 equity shares of the face value of Rs 10 per equity share aggregating up to Rs 6.18 crores. The company has been fixed a market lot at 1600 shares and the Minimum order quantity is Rs 1600 shares. As of draft prospectus, it has proposed to be listed at the SME platform of BSE. The Issue will lead manage by Finshore management services limited. The Issue offered 348,800 shares to non-institutional investors and 350,400 shares to retail investors.

India’s First Largest IPO Promoter Holding

 Pre Issue Share Holding  100%
 Post Issue Share Holding  73.49%

The objective of Issue

 As of the draft prospectus, the company proposes to utilize the funds raising through this Issue towards the working capital requirements of the company, to meet the issue expense and General corporate purpose. It also aims to gain benefits of listing on the BSE SME Platform.

Subscription Status of Alphalogic Techsys Issue

Alphalogic subscription Details

  Day   Date   NII   RII   Total
 1  Aug 26, 2019, 18:49  1.24x  0.11x  0.64x
 2  Aug 27, 2019, 18:49  1.82x  0.12x  0.96x
 3 Aug 28, 2019, 18:50  1.96x  0.53x  1.18x

Alphalogic IPO Shares Offered

  NII   RII   Total
 348,800  350,400  736,000

Listing Details of Alphalogic Techsys IPO

 Listing Date  Thursday, September 5, 2019
 BSE Script Code  542770
 Listing In  TS
 ISIN  INE08E401011
 Issue Price  Rs 84 Per Equity Share
 Face Value  Rs 10 per Equity Share

Alphalogic IPO Prospectus

Draft Prospectus 

Red Herring Prospectus

Alphalogic IPO Registrar

Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 – India

Phone: +91-44-28460390
Email: [email protected]

Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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