Alphalogic Industries was incorporated on September 22, 2020. The company specializes in the design, manufacturing, supply, and installation of various industrial and institutional storage systems. These include compactor storage systems, heavy-duty storage racks, cantilever racks, lockers, mezzanine floors, metal pallets and crates, library stacks, bookcases, book trolleys, periodical display racks, school lockers, and book supports, among others
| Bidding Dates |
|---|
| 03 Jul 2023 - 06 Jul 2023 |
| Subscription |
|---|
| 4.59x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,15,200 | 1 | 1 | 1200 | 1.3 M | ₹96 | 73.67 % | ₹128.8 M | RHP DOC |
Alphalogic IPO SUBSCRIPTION STATUS
06 Jul '23Alphalogic IPO overall subscription rate was 4.59 times the total available shares
Alphalogic IPO retail subscription rate was 5.06 times in the retail segment
Alphalogic IPO Other subscription rate was 4.12 times in the Other category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Other |
|---|---|---|---|---|
| Category Reservation | 50% | 50% | - | - |
06 Jul 2023 (Day 4) | 5.06x | - | - | 4.12x |
05 Jul 2023 (Day 3) | 1.58x | - | - | 1.77x |
04 Jul 2023 (Day 2) | 0.75x | - | - | 1.18x |
03 Jul 2023 (Day 1) | 0.24x | - | - | 0.67x |
Alphalogic 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) | Margins |
| FY23 | 21.9 | 180.2 | -10.7 | -19.3 | 18.3% |
| FY22 | 3.1 | 78.4 | 3.0 | 0.1 | 9.0% |
| FY21 | 0.8 | 32.2 | 1.6 | 1.6 | 5.4% |
Alphalogic IPO SUBSCRIPTION STATUS DETAILS
Alphalogic had 1.3 M shares on offer
Alphalogic IPO offer price was ₹96
Alphalogic IPO minimum Investment was ₹115200
Alphalogic IPO issue size was ₹ 128.8 M
Alphalogic had a minimum lot size of 1200 Shares per application
Alphalogic NUMBER OF SHARES ON OFFER
Alphalogic IPO IMPORTANT DATES
| Issue Open Date | 03 Jul 2023 |
| Issue close Date | 06 Jul 2023 |
| Allotment Date | 11 Jul 2023 |
| Refund Date | 12 Jul 2023 |
| Demat Account Credit Date | 13 Jul 2023 |
| Listing Date | 14 Jul 2023 |
| Listing on Exchange(s) | BSE |
| Alphalogic Allotment Status | Exchange |
Alphalogic IPO subscription opened on 03 Jul 2023, and closed on 06 Jul 2023
IPO allotment for Alphalogic was finalized on Tuesday, 11 Jul 2023
IPO listing for Alphalogic was on BSE on Friday, 14 Jul 2023
Alphalogic IPO LISTING GAINS
| Issue Price (adjusted) | 48.0 |
| Listing Open Price | 96.0 |
| Listing Close Price | 96.3 |
| Listing Gain% | 0.0% |
| Current Gain% | 206.3% |
Alphalogic 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Alphalogic Industries Ltd. | 147 | 74.9 | 27.8 | -3.5 | 1.6 | 19.7 | 15.2 | 47.1 | -25.9 | 5.4 | 84 | 5.3 | -8 |
| Solar Industries India Ltd. | 18770 | 169849.9 | 101.2 | 2.6 | 17.3 | 26.7 | 15.4 | 9965.7 | 30.9 | 1677.6 | 38.7 | 185.4 | 38.7 |
| PTC Industries Ltd. | 18906 | 28344.8 | 279.1 | 4.2 | 47 | 6.7 | 5.2 | 643.3 | 88 | 101.6 | 66.4 | 67.7 | 66.4 |
| Inox India Ltd. | 1938 | 17590 | 69 | 8 | 10.9 | 23.1 | 12.8 | 1632.3 | 21.2 | 257.9 | 14.1 | 28.1 | 8.7 |
| Precision Wires India Ltd. | 414.2 | 7571.9 | 43.4 | 0.5 | 1.2 | 20.1 | 6.9 | 5463.4 | 35.4 | 155.3 | 72.4 | 9.6 | 84 |
| Kennametal India Ltd. | 3303 | 7259.3 | 52.4 | 1.5 | 5.4 | 13.8 | 10.6 | 1184.7 | 6.6 | 102.9 | -6.9 | 63 | 35.9 |
Alphalogic INFORMATION ON IPO ISSUE
About Alphalogic
Alphalogic Industries was incorporated on September 22, 2020. The company specializes in the design, manufacturing, supply, and installation of various industrial and institutional storage systems. These include compactor storage systems, heavy-duty storage racks, cantilever racks, lockers, mezzanine floors, metal pallets and crates, library stacks, bookcases, book trolleys, periodical display racks, school lockers, and book supports, among others
Object of the Issue
- To meet working capital requirements
- To meet the issue expenses
- General corporate purposes
Alphalogic - PROMOTERS
| Name |
|---|
| Alphalogic Techsys |
Alphalogic Lead Manager of the Issue
Finshore Management Services Limited
info@finshoregroup.com
Alphalogic Registrar to the issue
Cameo Corporate Services Limited
cameo@cameoindia.com
Alphalogic Strengths
Organisational stability
The group has a proven track record of over 8 years, demonstrating the company's resilience in various economic and business cycles. The management team brings over 10 years of combined experience in diverse industries, further strengthening their expertise and decision-making capabilities
Diversified product portfolio
The company produces a wide range of industrial and institutional storage systems, including compactor storage systems, heavy-duty storage racks, cantilever racks, lockers, mezzanine floors, metal pallets and crates, library stacks, bookcases, book trolleys, periodical display racks, school lockers, and book supports, among others
Quality assurance
The company's products are certified with quality benchmarking certifications such as ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. These certifications validate the company's quality management system for its product manufacturing
Alphalogic Risks
Dependent on a few customers
The company's business relies heavily on a small number of customers. The loss of any of these customers or a significant decrease in their orders could have a negative impact on the company's business
Significant competition
The company operates in a highly competitive business environment. If it is unable to effectively compete with its competitors, there is a risk of lower market share and reduced operating margins
Limited history
Due to its limited operating and financial history, accurately assessing the future growth prospects of the company becomes challenging
IPO FAQs
The promoter of the company is Alphalogic Techsys.
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 96.0 - 96.0.
The IPO application opens on Jul 03, 2023 and closes on Jul 06, 2023.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 115,200.0, the maximum value for this IPO is Rs 115,200.0.
This IPO will be allotted on Jul 11, 2023.
The refund will be credited to your account on Jul 12, 2023.
The allotted shares will be credited to your demat on Jul 13, 2023.
Alphalogic Industries Ltd.’s shares listed on the stock exchanges on Jul 14, 2023.