Alphalogic Industries IPO: Alphalogic Industries IPO will open on July 3, 2023 and close on July 6, 2023. The shares are proposed to be listed on the BSE SME Exchange. Alphalogic Industries is a software solutions company that is looking to raise ₹12.88 crores through its initial public offering (IPO). The IPO is offering a total of 1,341,600 equity shares with a face value of ₹10 each. The issue is priced at ₹96 per share, with a minimum order quantity of 1200 shares.
Investors can apply for shares in the Alphalogic Industries SME IPO through a broker or through a digital platform such as the BSE SME Easy. The minimum investment amount for the IPO is ₹115,200, which is calculated by multiplying the lot size of 1200 shares by the issue price of ₹96 per share.
Alphalogic Industries IPO Dates
The highly anticipated Alphalogic Industries IPO is set to commence on July 3, 2023, and will conclude on July 6, 2023. The Basis of Allotment for Alphalogic Industries IPO will be finalized on Tuesday, July 11, 2023, with the allotted shares being credited to investors’ demat accounts by Thursday, July 13, 2023. Excitingly, the Alphalogic Industries IPO will be listed on the stock exchange on Friday, July 14, 2023. Don’t miss out on this significant event in the financial market calendar!
Alphalogic Industries IPO Details
| IPO Date | Jul 3, 2023 to Jul 6, 2023 |
| Face Value | ₹10 per share |
| Price | ₹96 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,341,600 shares (aggregating up to ₹12.88 Cr) |
| Fresh Issue | 1,341,600 shares (aggregating up to ₹12.88 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,753,000 |
| Share holding post issue | 5,094,600 |
| Market Maker portion | 67,200 shares |
| Other Shares Offered | Not less than 50% of the Offer |
| Retail Shares Offered | Not less than 50% of the Offe |
Important Dates of Alphalogic Industries IPO
The minimum investment amount for the IPO is ₹115,200, which is calculated by multiplying the lot size of 1200 shares by the price per share of ₹96. Investors can invest more than the minimum investment amount, but they must purchase shares in multiples of 1200.
| Event | Tentative Date |
|---|---|
| Opening Date | Monday, 3 July 2023 |
| Closing Date | Thursday, 6 July 2023 |
| Basis of Allotment | Tuesday, 11 July 2023 |
| Initiation of Refunds | Wednesday, 12 July 2023 |
| Credit of Shares to Demat | Thursday, 13 July 2023 |
| Listing Date | Friday, 14 July 2023 |
Alphalogic Industries IPO Lot Size
The Alphalogic Industries initial public offering (IPO) lot size is 1200 shares. This means that investors must purchase at least 1200 shares in order to participate in the IPO. The IPO will open on July 3, 2023 and close on July 6, 2023.
The IPO is being offered through the BSE SME Exchange. Investors can apply for shares through a broker or through a digital platform such as the BSE SME Easy.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
| HNI (Min) | 2 | 2,400 | ₹230,400 |
Objects of the Alphalogic Industries IPO
How Alphalogic Industries plans to use the net proceeds from its issue
Alphalogic Industries plans to use the net proceeds from its issue to fund the following objectives:
- Working capital requirements: The company intends to use a portion of the proceeds to meet its working capital requirements, which include expenses such as accounts payable, accrued expenses, and inventory. This will help to ensure that the company has sufficient cash flow to meet its short-term obligations.
- Issue expenses: The company will also use a portion of the proceeds to cover the expenses associated with the issue, such as legal fees, underwriting fees, and printing costs. This will help to ensure that the company has a successful issue and that it can raise the full amount of capital that it needs.
- General corporate purposes: The company will use the remaining proceeds for general corporate purposes, such as research and development, marketing, and expansion. This will help the company to grow its business and achieve its long-term goals.
About Alphalogic Industries Limited IPO
Alphalogic Industries is a leading provider of industrial and institutional storage solutions. The company was founded in 2020 and is headquartered in Pimpri Chinchwad, Pune, Maharashtra. Alphalogic Industries offers a wide range of storage solutions, including compactor storage systems, heavy-duty storage racks, cantilever racks, lockers, mezzanine floors, metal pallets & crates, library stacks, bookcases, book trolleys, periodical display racks, school lockers, and book supports.
Alphalogic Industries’ storage solutions are designed to meet the specific needs of a wide range of industries, including the automobile industry, e-commerce companies, the food industry, logistics companies, engineering companies, pharmaceutical organizations, educational institutes, and IT companies. The company has served over 150 clients in different industries in Fiscal Year 2023.
Alphalogic Industries’ manufacturing unit is equipped with state-of-the-art machinery and equipment. The company has a team of experienced engineers and technicians who are committed to providing high-quality storage solutions. Alphalogic Industries also offers a wide range of value-added services, such as customization, installation, and maintenance.
If you are looking for a reliable and experienced provider of industrial and institutional storage solutions, then Alphalogic Industries is the right choice for you. The company offers a wide range of high-quality storage solutions at competitive prices. Alphalogic Industries is also committed to providing excellent customer service.
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