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Alkosign Limited IPO (Alkosign IPO) Detail

Jan 18, 2022 - Jan 21, 2022

Alkosign Limited 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. The company sells its products under various trademarks such as "Alkosign", "Sit and Study", "Brainee", "Glassy-BO", "Ultra- EX", "Ultra".

The company supplies products in around 22 states and is also moving ahead towards establishing its presence in the international market. The company has around 50 registered dealers. For e-retailing, the company has developed their own website and have tie-ups with e-commerce platforms in India and for the international market. The company has the biggest dedicated manufacturing unit with a production space of more than 5,00,000 sq. feet, for writing boards and display boards in India.

Competitive Strengths:

  • Widespread sales and dealers' network
  • Quality Certifications for manufacturing and supply of products
  • Recognized products
  • E-retailing and online distribution network
  • Customer-Centric business model

Company Promoters:

Samir Narendra Shah and Akshay Narendra Shah are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Nov-21 31-Mar-21
Total Assets 227.07 236.62
Total Revenue 59.18 132.77
Profit After Tax - 6.36 6.62

Objects of the Issue:

The IPO aims to utilize the net proceed for the following objectives;

  • Prepayment/repayment of certain secured borrowings availed by the company.
  • Funding working capital requirements; and
  • General corporate purposes.

Alkosign IPO Details

IPO Opening Date Jan 18, 2022
IPO Closing Date Jan 21, 2022
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹45 per equity share
Market Lot 3000 Shares
Min Order Quantity 3000 Shares
Listing At BSE SME
Issue Size2,700,000 Eq Shares of ₹10
(aggregating up to ₹12.15 Cr)
Fresh Issue2,700,000 Eq Shares of ₹10
(aggregating up to ₹12.15 Cr)

Alkosign IPO Tentative Timetable

The Alkosign IPO open date is Jan 18, 2022, and the close date is Jan 21, 2022. The issue may list on Feb 1, 2022.

IPO Open Date Jan 18, 2022
IPO Close Date Jan 21, 2022
Basis of Allotment Date Jan 27, 2022
Initiation of Refunds Jan 28, 2022
Credit of Shares to Demat Account Jan 28, 2022
IPO Listing Date Feb 1, 2022

Alkosign IPO Lot Size

The Alkosign IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 3000 ₹135,000
Maximum 1 3000 ₹135,000

Alkosign IPO Promoter Holding

Pre Issue Share Holding 100.00%
Post Issue Share Holding 50.41%

Alkosign IPO Review

The company has shown just 20 months working with the last eight months reporting negative earnings. The company has a long gestation period to migrate to the main board as its post IPO equity remains small. The issue expenses indicate a fully structured IPO with pre-funding arrangements. It operates in a highly competitive and fragmented segment. Based on its financial data, the issue is exorbitantly priced. There is no harm in avoiding this issue. Read detail review...

Alkosign IPO Subscription Status (Bidding Detail)

The Alkosign IPO is subscribed 4.76 times on Jan 21, 2022 6:52:00 PM. The public issue subscribed 6.39 times in the retail category, times in the QIB category, and 3.14 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII3.14
Retail6.39
Total4.76

Alkosign IPO Prospectus

Alkosign IPO Rating

97
3.6
Rating:Rated 3.6 stars
Vote Here ...

Company Contact Information

Alkosign Limited
S NO : 12A, MIDC, NR Mother Dairy, Saravli,
Bhiwandi
Thane 421 311, Maharashtra, India
Phone: +91-7391040250
Email: investor@alkosign.com
Website: https://alkosign.com/

Alkosign IPO Registrar

Skyline Financial Services Private Ltd

Phone: +91 - 11 - 2681
Email: compliances@skylinerta.com
Website: http://www.skylinerta.com

Alkosign IPO Reviews / Ratings

Alkosign IPO FAQs

Alkosign IPO is a SME IPO of 2,700,000 equity shares of the face value of ₹10 aggregating up to ₹12.15 Crores. The issue is priced at ₹45 per equity share. The minimum order quantity is 3000 Shares.

The IPO opens on Jan 18, 2022, and closes on Jan 21, 2022.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Alkosign IPO using UPI as a payment gateway. Zerodha customers can apply in Alkosign IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Alkosign IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Alkosign IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Alkosign IPO opens on Jan 18, 2022 and closes on Jan 21, 2022.

Alkosign IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

You can apply in Alkosign IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Alkosign IPO will be done on Jan 27, 2022, and the allotted shares will be credited to your demat account by Jan 28, 2022. Check the Alkosign IPO allotment status.

The Alkosign IPO listing date is not yet announced. The tentative date of Alkosign IPO listing is Feb 1, 2022.

Alkosign IPO Message Board

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