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Alphalogic to be the First Company to list on BSE startup platform

Published on Monday, August 19, 2019 by Chittorgarh.com Team

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Alphalogic to be the First Company to list on BSE startup platform

Incorporated in 2016, Alphalogic Techsys Limited is a software consulting firm based out of Pune. The company helps its clients with their digital transformation needs and provides new-age digital services like Artificial Intelligence, Machine Learning, Data Analytics, Mobile and Web Applications. The company has its clients in over 12 countries, including India, Australia, the USA, and the UK.

Alphalogic works closely with its clients in understanding their hurdles which can be overcome using technology, and constantly improves the services offered to its clients from time to time. Having witnessed steady growth over the past years, Alphalogic has recently announced its Initial Public Offering (IPO) and plans to list on the BSE startup platform. The company was one of the first to file DRHP with the BSE Startup and could be the first company to get listed on the BSE Startup Platform.

Services offered by Alphalogic Techsys

Alphalogic has expertise in a varied range of services; including mobile application development, data analytics services, UI/UX consulting, web application development, and business intelligence. These technology services are brought to use by clients from different sectors, which include Software-as-a-service (SAAS Software), Healthcare, Social Networking, Fintech, E-commerce, among others.

Two of Alphalogic's most prominent products include Business Process Automation suite, and Business Process Management Software (BPMS). Under the Business Process Automation suite, Alphalogic helps businesses automate critical processes and functions, thereby increasing their efficiency, and bringing accountability and transparency into them. BPMS enables clients to manage their business processes better, including modeling, implementation, execution, monitoring, and optimization of their management processes.

Alphalogic's competitive strengths include its deep understanding of end-to-end technology services and solutions and its expertise in several technology domains. Additionally, the company enjoys a long-standing relationship with its clients, who have stuck with Alphalogic for several years together.

Alphalogic IPO

The announcement of IPO comes after Alphalogic has witnessed steady growth over the past years. Its assets have grown from ₹1.2 Crores to ₹4.15 Crores between the financial year 2016-17 to 2018-19. During the same period, the company's revenue has grown from ₹1.88 Crores to ₹5.10 Crores, and its profit after tax has grown from ₹33 lakhs to ₹2.19 crores.

The IPO will consist of a fresh issue of 7,36,000 equity shares of the face value of ₹10 each. The issue is priced at ₹84 per share, with a market lot of 1600 shares. The total size of the issue is ₹6.18 Crore. The shares of the company would be listed in BSE Startup Platform. Alphalogic's IPO is managed by Finshore Management Services Limited, a Kolkata based merchant banker.

The promoters of Alphalogic Techsys Limited are Anshu Goel and Dhananjay Goel. The promoters currently hold 100% shares of Alphalogic, which will reduce to 73.49%, post the issue.

Alphalogic wishes to utilize the net proceeds of this issue in meeting its working capital requirements, meet the issue expenses, and general corporate purposes. The promoter intends to use the proceeds to grow the operations of the company including its team and client base.

Find Alphalogic IPO Latest Update

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