India’s first StartUp IPO To Open On Friday

Indian's first StartUp IPO To Open On Friday

India’s first StartUp IPO To Open On Friday

NEW DELHI: Alphalogic Techsys Ltd, is a global technology solution company getting ready to release its first IPO on Friday, August 23 and will be closed on August 27. 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. Finshore Management Services is the book-running lead manager to the issue, the company said in a statement. Last four years the company holds approximately 40%, at present FY 2018-19, the company clocked a growth rate of 120%.

The Pune-based boutique software consulting firm has set a fixed price at Rs 84 Per-share and the minimum units one needs to buy is 16,00 shares, requiring a minimum investment of Rs 1,33,400. Total, 7.36 lakh shares are on the block, work Rs 6.18 crore.

Alphalogic IPO Details

Issue Open Aug 23, 2019 – Aug 27, 2019
Issue Type Fixed Price Issue IPO
Issue 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

Alphalogic IPO Tentative Date / Timetable

Bid/Offer Opens On Aug 23, 2019
Bid/Offer Closes On Aug 27, 2019
Finalization of Basis of Allotment Aug 30, 2019
Initiation of Refunds Sep 3, 2019
A credit of Shares to Demat Acct: Sep 4, 2019
IPO Shares Listing Date: Sep 5, 2019

Alphalogic IPO Promoter Holding

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

Alphalogic IPO Offer Size

Qualified Institutional Buyers (QIB) 0 Shares
Non-Institutional Investors (NII) 369,600 Shares
Retail Individual Investor (RII) 370,800 Shares
Employee Reservations 0 Shares
Other Reservations 0 Shares
Total Issue Size 740,400 Shares

Alphalogic IPO Prospectus

Alphalogic IPO Registrar

Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 – IndiaPhone: +91-44-28460390
Email: [email protected]

About the Company:

Alphalogic Techsys Ltd is a Software Consulting Firm which engaged in offering end-to-end technology solution, technology consulting services, and support. The services range of the company includes mobile application development, data analytics services, UI/UX consulting, web application development and business intelligence.

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