Alphalogic IPO: The IPO of Storage Systems Maker Alphalogic is Opened for Subscription Today
Alphalogic IPO
Alphalogic, a storage systems maker, has recently launched its Initial Public Offering (IPO) for subscription, which will be open until July 6.
The IPO consists of issuing 13,41,600 fresh equity shares with a face value of Rs 10 each, and there will be no sale of shares under the Offer for Sale (OFS) window.
Investors can participate in the IPO by bidding for the new shares at a price of Rs 96 per share. It’s worth noting that the gray market for Alphalogic’s IPO has been relatively flat, indicating a lackluster trend regarding the stock.
However, market experts advise against making investment decisions solely based on signals from the gray market.
Instead, they emphasize the importance of analyzing the company’s financials and fundamentals to make informed investment choices.
Alphalogic has demonstrated impressive growth in the last financial year, with its net profit increasing by over 619 percent year-on-year.
This robust financial performance highlights the company’s ability to generate profits and underscores its growth potential.
In terms of listing, Alphalogic’s shares will be listed on the BSE SME platform, which is specifically designed for small and medium enterprises.
The BSE SME platform provides a suitable venue for emerging companies to access capital markets and gain visibility among investors.
Alphalogic IPO Details
Alphalogic is currently offering its Initial Public Offering (IPO) for a subscription until July 6. The IPO aims to raise Rs 12.88 crore and involves the issuance of 13,41,600 fresh equity shares with a face value of Rs 10 each.
Notably, there will be no sale of shares under the Offer for Sale (OFS) window in this issue.
The IPO has a fixed price of Rs 96 per share, and the minimum bid quantity is set at 1,200 shares. Investors can participate in the IPO by subscribing for shares at the specified price and bid quantity.
Following the successful completion of the IPO, the allotment of shares will be finalized on July 11. Subsequently, the shares will be listed on the BSE SME platform on July 14, marking the company’s entry into the stock exchange for trading.
Cameo Corporate Services Limited has been appointed as the Registrar to the Issue, responsible for handling various processes related to the IPO, such as share allotment, refunds, and other administrative tasks.
The funds raised through the issuance of fresh shares will serve multiple purposes for Alphalogic. Firstly, they will be utilized to meet the company’s working capital requirements, ensuring smooth operations and financial stability.
Additionally, the funds will be allocated towards meeting the expenses associated with the IPO, including underwriting fees, legal expenses, and marketing costs.
Finally, the remaining funds will be utilized for general corporate purposes, allowing the company to pursue its growth strategies and future initiatives.
Details of Alphalogic Industries
Alphalogic Industries, a subsidiary of Alphalogic Techsys, was established three years ago in 2020. The company operates in the field of designing, manufacturing, supplying, and installing industrial and institutional storage systems.
Alphalogic Industries specializes in the production of various storage solutions, 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.
These storage systems cater to the needs of industries and institutions, providing efficient and organized storage solutions for their materials and products.
The company’s manufacturing facility is located in Pimpri Chinchwad, Pune. This strategic location allows for convenient access to transportation networks and potential customers in the region.
By offering a diverse range of storage solutions, Alphalogic Industries aims to serve various industries and institutions with their storage requirements.
Their product portfolio covers a wide spectrum of storage systems, enabling them to cater to different customer needs and preferences.
Alphalogic Industries’ focus on design, manufacturing, and installation of storage systems showcases their commitment to providing high-quality and customized solutions to their clients.
The company’s expertise in this field is essential for helping businesses and institutions optimize their storage space, enhance efficiency, and improve overall operational processes.
As Alphalogic Industries operates within the broader umbrella of Alphalogic Techsys, it benefits from the parent company’s experience, resources, and industry presence.
This synergy allows the subsidiary to leverage the collective knowledge and capabilities of the group, further enhancing its ability to deliver innovative and reliable storage solutions.
Overall, Alphalogic Industries plays a significant role within the Alphalogic group, contributing to the company’s portfolio diversification and expanding its reach in the industrial and institutional storage systems market.
Alphalogic Industries has witnessed increasing demand for its products across various industries. In the financial year 2023, the company served more than 150 customers from different sectors, highlighting the broad applicability and relevance of its storage solutions.
In terms of financial performance, Alphalogic Industries has shown a positive trend in its net profit. In the financial year 2021, the company reported a net profit of Rs 8.29 lakh.
This figure experienced a significant growth trajectory and rose to Rs 30.51 lakh in the following financial year, 2022. Notably, the company’s net profit continued to improve, reaching Rs 2.19 crore in the last financial year, 2023.
The consistent growth in net profit underscores the company’s ability to generate profits and indicates its efficient management of costs and revenue.
It also reflects the growing demand for Alphalogic Industries’ products, which has positively impacted its financial performance.
With its expanding customer base and increasing net profit, Alphalogic Industries demonstrates its capability to meet the storage needs of various industries effectively.
The company’s products have become essential in optimizing storage space and improving operational efficiency across sectors.
As Alphalogic Industries continues to strengthen its market presence and further refine its product offerings, it is well-positioned to capitalize on the growing demand for reliable and innovative storage solutions.
The positive financial trajectory and the number of satisfied customers serve as encouraging indicators of the company’s overall performance and growth potential in the industry.
