Alkosign 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.
| Bidding Dates |
|---|
| 18 Jan 2022 - 21 Jan 2022 |
| Subscription |
|---|
| 4.76x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,35,000 | 1 | 1 | 3000 | 2.7 M | ₹45 | 50.41 % | ₹121.5 M | RHP DOC |
Alkosign IPO SUBSCRIPTION STATUS
21 Jan '22Alkosign IPO overall subscription rate was 4.76 times the total available shares
Alkosign IPO retail subscription rate was 6.39 times in the retail segment
Alkosign IPO non-institutional investor subscription rate was 3.14 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
19 Jan 2022 (Day 2) | 3.91x | 2.03x | - |
20 Jan 2022 (Day 3) | 4.79x | 2.16x | - |
21 Jan 2022 (Day 4) | 6.39x | 3.14x | - |
18 Jan 2022 (Day 1) | 0.45x | 1.91x | - |
Alkosign FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 9MFY21 | -6.4 | 59.1 | 12.5 | -3.3 |
| FY21 | 6.6 | 132.4 | -39.3 | -199.7 |
Alkosign IPO SUBSCRIPTION STATUS DETAILS
Alkosign had 2.7 M shares on offer
Alkosign IPO offer price was ₹45
Alkosign IPO minimum Investment was ₹135000
Alkosign IPO issue size was ₹ 121.5 M
Alkosign had a minimum lot size of 3000 Shares per application
Alkosign NUMBER OF SHARES ON OFFER
Alkosign IPO IMPORTANT DATES
| Issue Open Date | 18 Jan 2022 |
| Issue close Date | 21 Jan 2022 |
| Allotment Date | 27 Jan 2022 |
| Refund Date | 28 Jan 2022 |
| Demat Account Credit Date | 28 Jan 2022 |
| Listing Date | 01 Feb 2022 |
| Listing on Exchange(s) | BSE |
| Alkosign Allotment Status | Exchange |
Alkosign IPO subscription opened on 18 Jan 2022, and closed on 21 Jan 2022
IPO allotment for Alkosign was finalized on Thursday, 27 Jan 2022
IPO listing for Alkosign was on BSE on Tuesday, 01 Feb 2022
Alkosign IPO LISTING GAINS
| Issue Price (adjusted) | 30.0 |
| Listing Open Price | 45.3 |
| Listing Close Price | 45.3 |
| Listing Gain% | 0.6% |
| Current Gain% | 105.0% |
Alkosign Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Alkosign Ltd. | 61.5 | 33.5 | -13.9 | 0.1 | 1.2 | -16.9 | -10.6 | 26.9 | -48.1 | -4.8 | -226.3 | -4.4 | -163.7 |
| DOMS Industries Ltd. | 2260.6 | 13719.2 | 63.1 | 13.6 | 5.6 | 18.9 | 13.4 | 2344.9 | 21.2 | 230.2 | 13.8 | 35.8 | 4.6 |
| Flair Writing Industries Ltd | 252.4 | 2660.2 | 19 | 1.1 | 2.1 | 12.2 | 10.2 | 1270.9 | 15.1 | 139.8 | 16.9 | 13.3 | 16.9 |
| Kokuyo Camlin Ltd. | 85 | 852.7 | 38.7 | 0 | 1.1 | 7.7 | 5.3 | 806.5 | 5.7 | 24.8 | 325 | 2.2 | 6412.7 |
| Linc Ltd. | 99.9 | 594.1 | 18.9 | -1.3 | 1.1 | 12.7 | 9.1 | 551.3 | 0.6 | 32.7 | -13.9 | 5.3 | -14.1 |
| Creative Graphics Solutions India Ltd. | 150 | 364.3 | 19.4 | 14.9 | 6.7 | 348.9 | 36 | 18.8 | -9.7 | 7.7 |
Alkosign INFORMATION ON IPO ISSUE
About Alkosign
Alkosign 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.
Object of the Issue
- Prepayment/repayment of certain secured borrowings availed by the company
- Funding working capital requirements
- General corporate purposes
Alkosign - PROMOTERS
| Name |
|---|
| Samir Narendra Shah |
| Akshay NarendraShah |
Alkosign Lead Manager
Shreni Shares Private Limited
shrenishares@gmail.com
Alkosign Registrar to the issue
Skyline Financial Services Private Limited
compliances@skylinerta.com
Alkosign Strengths
Quality Certifications for manufacturing and supply of products
The company is accredited with ISO 9001: 2015, ISO 14001: 2015, OHSAS 18001: 2017, ISO 45001: 2018, Green Guard (Certificate of compliance), and BIFMA (Level 3)
Recognized products
The products are marketed under various trademarks such as “Alkosign”, “Sit and Study”, “Brainee”, “GlassyBO”, “Ultra- EX”, “Ultra”
E-retailing and online distribution network
The distribution model is also based on e-retailing. Such a distribution model helps us achieve many competitive advantages
Alkosign Risks
Legal proceedings
There are outstanding legal proceedings involving our Company
Limited operating history
The company has limited operating history of our operations, which may make it difficult for the investors to evaluate historical performance or future prospects.
IPO FAQs
Alkosign Ltd. IPO listing opened at Rs 45.25 while the issue price was Rs 45.00 giving 0.56% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 30.00 giving 104.97% gains since its IPO listing.
The promoters of the company are Samir Narendra Shah and Akshay NarendraShah.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 45.0 - 45.0.
The IPO application opens on Jan 18, 2022 and closes on Jan 21, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 135,000.0, the maximum value for this IPO is Rs 135,000.0.
This IPO will be allotted on Jan 27, 2022.
The refund will be credited to your account on Jan 28, 2022.
The allotted shares will be credited to your demat on Jan 28, 2022.
Alkosign Ltd.’s shares listed on the stock exchanges on Feb 01, 2022.