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Alkosign IPO is a fixed price issue of Rs 12.15 crores. The issue is entirely a fresh issue of 27 lakh shares.
Alkosign IPO bidding started from January 18, 2022 and ended on January 21, 2022. The allotment for Alkosign IPO was finalized on Thursday, January 27, 2022. The shares got listed on BSE SME on February 1, 2022.
Alkosign IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Shreni Shares Limited is the book running lead manager of the Alkosign IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Alkosign IPO RHP for detailed information.
| IPO Date | January 18, 2022 to January 21, 2022 |
| Listing Date | February 1, 2022 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,700,000 shares (aggregating up to ₹12.15 Cr) |
| Fresh Issue | 2,700,000 shares (aggregating up to ₹12.15 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 138,000 shares |
Alkosign IPO offers 2,700,000 shares. 1,281,000 (47.44%) to NII, 1,281,000 (47.44%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 138,000 (5.11%) |
| Other Shares Offered | 1,281,000 (47.44%) |
| Retail Shares Offered | 1,281,000 (47.44%) |
| Total Shares Offered | 2,700,000 (100%) |
Alkosign IPO opens on January 18, 2022, and closes on January 21, 2022.
| IPO Open Date | Tuesday, January 18, 2022 |
| IPO Close Date | Friday, January 21, 2022 |
| Basis of Allotment | Thursday, January 27, 2022 |
| Initiation of Refunds | Friday, January 28, 2022 |
| Credit of Shares to Demat | Friday, January 28, 2022 |
| Listing Date | Tuesday, February 1, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 21, 2022 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| Lot Size Calculator | |||
Samir Narendra Shah and Akshay Narendra Shah are the company promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 50.41% |
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:
| 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 | |||
The IPO aims to utilize the net proceed for the following objectives;
[Dilip Davda] 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...
The Alkosign IPO is subscribed 4.76 times on January 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)
| Category | Subscription (times) |
|---|---|
| Other | 3.14 |
| Retail | 6.39 |
| Total | 4.76 |
| Listing Date | February 1, 2022 |
| BSE Script Code | 543453 |
| NSE Symbol | |
| ISIN | INE0KA601012 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹45.00 |
| ₹45.25 |
| ₹45.25 |
| ₹46.75 |
| ₹45.25 |
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/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Check our SME IPO Guide 
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 January 18, 2022, and closes on January 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
Visit Zerodha IPO Application Process Review for more detail.
The Alkosign IPO opens on January 18, 2022 and closes on January 21, 2022.
Alkosign IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Alkosign IPO will be done on Thursday, January 27, 2022, and the allotted shares will be credited to your demat account by Friday, January 28, 2022. Check the Alkosign IPO allotment status.
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