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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 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 Date Jan 18, 2022 to Jan 21, 2022
Listing Date Tuesday, February 1, 2022
Face Value ₹10 per share
Price ₹45 per share
Lot Size 3000 Shares
Issue Size2,700,000 shares of ₹10
(aggregating up to ₹12.15 Cr)
Fresh Issue2,700,000 shares of ₹10
(aggregating up to ₹12.15 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

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

Alkosign IPO Tentative Timetable

Alkosign IPO opens on Jan 18, 2022, and closes on Jan 21, 2022. The Alkosign IPO bid date is from Jan 18, 2022 10.00 A.M. to Jan 21, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jan 18, 2022
Closing Date Jan 21, 2022
Basis of Allotment Jan 27, 2022
Initiation of Refunds Jan 28, 2022
Credit of Shares to Demat Jan 28, 2022
Listing Date Feb 1, 2022

Alkosign IPO Lot Size

The Alkosign IPO 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
Retail (Min) 1 3000 ₹135,000
Retail (Max) 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 ...

Alkosign IPO Listing Date

Listing Date Tuesday, February 1, 2022
BSE Script Code 543453
NSE Symbol
Listing In T Group of Securities
ISIN INE0KA601012
IPO Price ₹45 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹45.00
₹45.25
₹45.25
₹46.75
₹45.25

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: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/

Alkosign IPO Review

Alkosign IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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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 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 .

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 on Tuesday, February 1, 2022.
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Alkosign IPO Message Board

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32 Comments

20. DINESH CHANDRA JOSHI |   Link |Feb 4, 2022 4:40:53 PM
These share are open just near IPO price of Rs. 45.00. It may go just double within short period. Promotor holding more than 50%. Please patience.
19. Rajnikant bhadani |   Link |Jan 27, 2022 11:32:32 PM
Listing dt 01.02.22 that is buget time ... Market is up so About listing rs 47 to 50

18. Sharath kumar |   Link |Jan 27, 2022 9:04:37 PM
I Think allotment status out
17. Sharath kumar |   Link |Jan 27, 2022 8:31:18 PM
Any Guess Listing Price .........???
16. Sharath kumar |   Link |Jan 27, 2022 8:29:03 PM
Any Guess about Listing price ......????
15. Blick |   Link |Jan 27, 2022 5:44:50 AM
Whats the market for physical (not digital) boards. I would think the market is contracting. Doesnt seem like the company has any plans to add technology to offerrings.
14. GJ 😀 |   Link |Jan 21, 2022 6:30:25 PM
IPO Guru IPO Guru (1000+ Posts, 300+ Likes)
Applied 2 UPI retail applications
mandate not accepted yet
13. The BuLLz EyE |   Link |Jan 21, 2022 12:44:39 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Demand is good for this as well
13.2. The BuLLz EyE |   Link |Jan 21, 2022 1:20:21 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Retail subcription is good,
NII will start moving after 2pm

i meant to say that looking at bad reviews subscription is good
13.3. MDinesh |   Link |Jan 21, 2022 3:27:37 PM
Lack of other IPO's lead to average subscription figures ....
12. Mas |   Link |Jan 21, 2022 3:25:33 PM
No harm in skipping this one
11. The BuLLz EyE |   Link |Jan 18, 2022 12:55:28 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Non institutional investors are more interested in this
they might have done better studies about the stock then retail investors :-)
11.2. Amit Jaipur |   Link |Jan 19, 2022 3:53:06 PM
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
Lijiye sir aaj retail bhi aa gaya.
11.3. The BuLLz EyE |   Link |Jan 21, 2022 1:22:43 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
hmm
over-excitement for all SME IPOs
10. The BuLLz EyE |   Link |Jan 20, 2022 5:48:21 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Upcoming

Safa Systems & Technologies Ltd SME IPO

IPO Issue Period
Jan 28 - Feb 01
Issue Price Band (Rs.)
10 - 10
Per Equity Shares
Market Lot
10000 Shares
Total IPO Size (Rs.)
4 Cr
Min Order Qty.
10000 Shares
9. IPO Mitr |   Link |Jan 20, 2022 12:17:41 PM
Skipping this IPO as not convinced and not comfortable about the overall performance of this company for the risk I will be taking.

All the best to all investors...
8. Arindam Chaudhary |   Link |Jan 19, 2022 7:05:12 AM
company look ok. its just a new company, may invest depending on last day numbers
7. Pirateop |   Link |Jan 17, 2022 9:24:55 PM
When investing you have to look at both pictures. Not just negative and then decide this is not good company. How is that a fair evaluation of the company, the business. And please with such comments you are only confusing and giving bad direction to investors.
7.1. Arca |   Link |Jan 17, 2022 10:56:12 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
I guess you were referring me ,below comment on saying financials are not good is totally my perspective and you can invest in this ipo and make money i don''t mind.since almost all recent sme ipos are doing good.
If you are a promotor or related to them well i guess I could say that you guys are being greedy.

Thank you.

7.2. K.Atar |   Link |Jan 17, 2022 11:39:03 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Mr. Arca already presented his views (positive/negative is upto you how you take it). What are your counter points - if any you have, present it and let reader guide themselves.
6. Arca |   Link |Jan 13, 2022 4:32:57 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Good financials and is reasonably priced.
If the funds borrowed are paid back it will increase eps by 50%.and I hope fixed assets brought in are used for expanding its sales and reducing the cost.
Sales in June 2021(if annualised) have been reduced by 33% , gross margins have raised drastically that really creates suspicion though the company has mentioned it is due to volatility of raw material prices.
No listed peers are there to compare.
Let''s wait for dilip sir review
6.1. Arca |   Link |Jan 14, 2022 4:41:39 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Updated after rhp
Financials are not good considering loss in this year
6.2. Spock 🖖 |   Link |Jan 14, 2022 5:51:35 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
yes, issue size is also going to impact listing gain.
better to play safe here !!!
5. vgoel |   Link |Jan 13, 2022 6:18:22 PM
Hi, any knowledgeable person can answer my 2 questions:

1) Is the new SEBI rules for HNI subscription- one in range of INR 2 to 10 lac and other greater than 10 lacs, applicable to SME ipo also or only for mainboard ipos?
2) In SME IPO, in HNI category, what is the basis of allotment? Is it proportional?

Thank you in advance.
5.1. lokes |   Link |Jan 14, 2022 2:12:39 PM
IPO Guru IPO Guru (3500+ Posts, 4000+ Likes)
@vgoel: New sebi rule is for all book-built issues as mentioned in sebi notice.
https://www.sebi.gov.in/media/press-releases/dec-2021/sebi-board-meeting_55018.html
All mainboard ipos are book-built issues but sme ipos are both : fixed price issues and book built issues so as per my opinion, this new rule is applicable for sme ipo''s too which are book built issues. (which comes with some price range, not at fixed price).
And in sme ipos also, allotment in HNI is proportional , same like mainboard ipos. Only difference is that, in sme''s, for more than 1 lot also, allotment will happen in lots multiple only, not in shares. And one more difference is that in sme''s, sometimes whenever NII category is less oversubscribed in comparison to retail category, then shares from NII category moves to retail category to make them equalize subscription.
4. Srikanth Kumar Guntuboina |   Link |Jan 13, 2022 5:59:23 PM
Not only Mr. Dilip Davdkr also take advice of Mr. Lokes too
4.1. lokes |   Link |Jan 14, 2022 1:32:06 PM
IPO Guru IPO Guru (3500+ Posts, 4000+ Likes)
@srikanth: Dilip sir is real sebi registered expert who does in depth analysis of company from all perspective and then give his opinion, we people just use our experience. i don''t give much time to go through company and RHP deeply.
I am seeing for most, average/over priced issues, dilip sir gives usually avoid in sme''s as these may prove risky (now a days most of the sme''s performing better but we never know when that tide changes) and wherever dilip sir give "may apply" rating means that is worth taking risk.
3. RavinderG |   Link |Jan 13, 2022 9:49:59 PM
My 2 cents:
* Company in sector with headwinds, digital boards and virtual schools/colleges/offices is a challenge
* Q1 performance annualised shows a drop - but margins are much better - could be seasonality of business. Such purchases dont happen in Q1. Education business cycles are very seasonal
* Competition is very fragmented in this space and online B2B marketplaces are reducing bargaining power

And always wait for Dilip Sir view.
2. Spock 🖖 |   Link |Jan 13, 2022 3:44:32 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
looking good, lets wait for Dilip sir review, will also monitor subscription numbers.
1. Venkatram |   Link |Jan 13, 2022 11:34:43 AM
Top Contributor Top Contributor (200+ Posts)
Commodity space? Will wait for experts to review this