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Alphalogic Techsys Ltd IPO (Alphalogic IPO) Detail

August 26, 2019 - August 28, 2019

Alphalogic IPO is a fixed price issue of Rs 6.18 crores.

Alphalogic IPO bidding started from August 26, 2019 and ended on August 28, 2019. The allotment for Alphalogic IPO was finalized on Tuesday, September 3, 2019. The shares got listed on BSE SME on September 5, 2019.

Alphalogic IPO price is ₹84 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹134,400.

Finshore Management Services Limited is the book running lead manager of the Alphalogic IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to Alphalogic IPO RHP for detailed information.

Alphalogic IPO Details

IPO Date August 26, 2019 to August 28, 2019
Listing Date September 5, 2019
Face Value ₹10 per share
Price ₹84 per share
Lot Size 1600 Shares
Total Issue Size736,000 shares
(aggregating up to ₹6.18 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion36,800 shares

Alphalogic IPO Reservation

Alphalogic IPO offers 772,800 shares. 348,800 (45.13%) to NII, 350,400 (45.34%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered36,800 (4.76%)
Other Shares Offered348,800 (45.13%)
Retail Shares Offered350,400 (45.34%)
Total Shares Offered772,800 (100%)

Alphalogic IPO Timeline (Tentative Schedule)

Alphalogic IPO opens on August 26, 2019, and closes on August 28, 2019.

IPO Open Date Monday, August 26, 2019
IPO Close Date Wednesday, August 28, 2019
Basis of Allotment Tuesday, September 3, 2019
Initiation of Refunds Wednesday, September 4, 2019
Credit of Shares to Demat Thursday, September 5, 2019
Listing Date Thursday, September 5, 2019
Cut-off time for UPI mandate confirmation 5 PM on August 28, 2019

Alphalogic IPO Lot Size

Investors can bid for a minimum of 1600 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 1600 ₹134,400
Retail (Max) 1 1600 ₹134,400
Lot Size Calculator

Alphalogic IPO Promoter Holding

The promoters of the company being Mr. Anshu Goel and Mr. Dhananjay Subhash Goel.

Share Holding Pre Issue 100%
Share Holding Post Issue 73.49%

About Alphalogic Techsys Ltd

Incorporated in 2016, Maharashtra-based Alphalogic Techsys Ltd is a Software Consulting Firm. It is engaged in offering end-to-end technology solutions, technology consulting services and support. Alphalogic Techsys has clients in India and multiple locations such as Australia, the USA and the UK. The services range of the company includes mobile application development, data analytics services, UI/UX consulting, web application development, and business intelligence. The services offered by the company covers various sectors including Software-as-a-service (SAAS Software), Healthcare, Social Networking, Fintech, E-commerce, and many others. Alphalogic Techsys improves the services offered to the clients by customizing the offerings from time to time based on clients' needs.

Products

1. Alphalogic' Business Process Automation suite 2. Business Process Management Software (BPMS)

Competitive Strengths

1. End-to-end technology services and solutions 2. A long-standing relationship with clients 3. Domain experts

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 415.40 8.64 120.17
Total Revenue 501.21 218.33 188.84
Profit After Tax 219.05 37.09 33.86

Objects of the Issue (Alphalogic IPO Objectives)

The company proposes to utilize the funds which are being raised through this Issue towards the below mentioned objects and gain benefits of listing on BSE SME Platform:

A. To meet the working capital requirements of the company (Rs 500.00 Lakhs)
B. To meet the Issue Expenses (Rs 47.20 lakhs)
C. General Corporate Purposes (Rs 71.04 Lakhs)

Alphalogic IPO Review (May apply)

[Dilip Davda]  Company's performance on the basis of FY19 super earnings raises concern. However, on the basis of recent earnings (with super-profits in the pre-IPO year), the issue appears fully priced. Risk savvy cash surplus investors may consider moderate investment at their own risk. (Other). Read detail review...


Alphalogic IPO Subscription Status (Bidding Detail)

The Alphalogic IPO is subscribed 1.18 times on August 28, 2019 6:50:01 PM. The public issue subscribed 0.53 times in the retail category, times in the QIB category, and 1.96 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1.96
Retail0.53
Total1.18
  • Alphalogic IPO issue shares will list on BSE startup platform
  • Alphalogic SME IPO issue open and close date revised to 26 Aug-28 Aug from 23 Aug -27 Aug, as confirmed by Lead Manager

Alphalogic IPO Prospectus

Alphalogic IPO Rating

73
3.6
Rating:Rated 3.6 stars
Vote Here ...

Alphalogic IPO Listing Details

Listing Date September 5, 2019
BSE Script Code 542770
NSE Symbol
ISIN INE08E401011
Final Issue Price ₹84 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹84.00
₹83.00
₹83.00
₹84.40
₹84.35

Check IPO Performance…

Alphalogic Techsys Ltd Contact Details

Alphalogic Techsys Ltd
405, Pride Icon, Near Columbia Asia Hospital,
Kharadi Bypass Road,
Pune, Maharashtra-411014, India
Phone: 0727-6701155
Email: info@alphalogiclimited.com
Website: https://www.alphalogicinc.com/

Alphalogic IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

Alphalogic IPO - Buy or Not

Alphalogic IPO Recommendation Summary

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

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Alphalogic IPO FAQs

Alphalogic IPO is a SME IPO of 736,000 equity shares of the face value of ₹10 aggregating up to ₹6.18 Crores. The issue is priced at ₹84 per share. The minimum order quantity is 1600 Shares.

The IPO opens on August 26, 2019, and closes on August 28, 2019.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Alphalogic IPO opens on August 26, 2019 and closes on August 28, 2019.

Alphalogic IPO lot size is 1600 Shares, and the minimum amount required is ₹134,400.

You can apply in Alphalogic 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 Alphalogic IPO will be done on Tuesday, September 3, 2019, and the allotted shares will be credited to your demat account by Thursday, September 5, 2019. Check the Alphalogic IPO allotment status.

The Alphalogic IPO listing date is on September 5, 2019.
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Alphalogic IPO Message Board

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29 Comments

17. pradkumc |   Link |  Bookmark |October 23, 2019 10:57:48 AM
IS TRADING ALLOWED IN THIS SHARE ? Any idea why icicidirect is not supporting trading in this stock
16. Jaiparkash |   Link |  Bookmark |October 3, 2019 2:06:39 PM
any body axis bank/icici bank online asba last day time kya
15. Medge |   Link |  Bookmark |August 28, 2019 4:50:32 PM
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)
sailed through but flop show.
15.1. Medge |   Link |  Bookmark |August 28, 2019 4:52:43 PM
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)
subscription trend is very similar to past IPOs of same LM, looks like again this LM succeeded to trap around 2 cr money of RIIs
15.2. Medge |   Link |  Bookmark |September 20, 2019 9:35:35 PM
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)
Market up and this poor stock going below issue price, what should expect more from this LM :)
14. Nayandip |   Link |  Bookmark |August 26, 2019 9:58:37 PM
Subscription acha ho raha hai phir listing kaisa hoga...?... pls koi batayega
14.1. deepcdsl |   Link |  Bookmark |August 28, 2019 3:09:24 PM
Subscription like sk international... listing bhi waisa hi hoga... dont except anytime from this LM

1st day HNI subscription trap tha....many already ...
If possible cancel karo bids...
13. deepcdsl |   Link |  Bookmark |August 24, 2019 7:26:21 AM
Company ke uppar loan tha..Jo they converted into equity...and selling equity shares here with very high price...
Keep yourself away from this looters...
12. Medge |   Link |  Bookmark |August 22, 2019 5:24:46 PM
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)
from glassdoor review

I worked at Alphalogic full-time for more than a year

Pros

None wat so ever. It's a rut hole where you will rott

Cons

First, if you come anytime after 11:15am then they will mark half day and on top of that you still have to work nine hours which is full shift anyways. Second they are absolutely stingy in paying. Max to max twenty thousand if you have experience. For Freshers it's even less but the goel brothers for some reason still believe they pay the best Third you are not allowed to go out of office for more than 40 min. They...
Show More

Advice to Management

They don't listen to advice ... They only do wat they want... So no point in giving advice
11. Medge |   Link |  Bookmark |August 22, 2019 5:24:15 PM
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)
From glassdoor reviews

I worked at Alphalogic full-time for less than a year

Pros

There is a huge advantage here in your growth if you keep appreciating your boss and keep admiring them for no good reason

Cons

fully patriarchy environment. if you keep appraising your boss you will grow else a fully political environment Best place to join if you dont wanna work and sit ideal due to advantage of patriarchy. You can burden anyone else with your own work and sit ideal by yourself if your boss is having your back. IT environment follows Back office principle.
10. Medge |   Link |  Bookmark |August 22, 2019 5:17:10 PM
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)
company performance all numbers looks fishy.
9. deepcdsl |   Link |  Bookmark |August 16, 2019 2:44:45 PM
Finchore aaya..bhagav isako yaha se..
9.1. deepcdsl |   Link |  Bookmark |August 16, 2019 3:00:34 PM
In last only few years cost of acquisition of shares hai Rs3.4...and abhi 84 rupees maang rahe ho... business grow huva hai Kya etana??? small software companies are always risky hai market ke hisab se...real value if this share is 8.4 RS..
8. SMEBoss |   Link |  Bookmark |August 16, 2019 1:17:49 PM
This message has been removed by a moderator.
8.1. Medge |   Link |  Bookmark |August 16, 2019 1:53:35 PM
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)
If one individual software engineer started job in 2008 in 10 years his salary would be around 50 lacs package
Look at this company PAT in 2018 is just 37 lacs, so compared to individual with this company, this company performance is very bad upto 2018 if you think software sector.

Last year 2019 PAT showing increased around 6 times compared to 2018, this means this company was showing low PAT to save tax OR last year PAT is manipulated.
7. deepcdsl |   Link |  Bookmark |August 14, 2019 10:28:03 PM
In 2017 company asset was 120.17 lacs then in 2018 it was reduced to drastically to 8.64 lacs..then it's incredibly increases to 415.4 lacs...
Kaise kar lete hai ye log sub zhol...balance sheet main.??
7.1. Small Investor |   Link |  Bookmark |August 16, 2019 12:19:55 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Dur rhna iss Ipo Se iska LM Finchore h jo jo sabko lut leta
like powerful tec,skiel,skifl and others
7.2. Medge |   Link |  Bookmark |August 16, 2019 1:45:36 PM
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)
Yes, they played with all numbers, better to skip.
6. Medge |   Link |  Bookmark |August 16, 2019 1:43:33 PM
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)
Financial numbers looks fishy,
Also LM track record is pathetic. Better to buy quality stocks from secondary market.

In glassdoor all X employees of company written bad about this company.
Whatever written positive all are by present employees, means positive review is biased.

5. SMEBoss |   Link |  Bookmark |August 16, 2019 12:53:07 PM
This message has been removed by a moderator.
4. Vajra |   Link |  Bookmark |August 13, 2019 2:02:12 PM
Lot Size and Issue Price differ from factsheet where it is shown as 1600 @ 84
4.2. Small Investor |   Link |  Bookmark |August 13, 2019 5:50:03 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Mindpool Tech.bhi iska Bhai tha
4.3. deepcdsl |   Link |  Bookmark |August 14, 2019 10:13:42 PM
@Small..
Ye LM ko kuch sharm hai ki nahi...ek ke badh ek lutane keliye issues leke ata hai ye...pata nahi kaha kaha see companies dhund ke lata hai ye..
Lagata hai ye LM khud companies ke pass Jata hai issue list karane ke liye...
Pure lutera hai ye...
3. Medge |   Link |  Bookmark |August 14, 2019 3:26:11 PM
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)
In glassdoor only 19 reviews all are positive looks like all al reviews are fake about this company
3.1. Medge |   Link |  Bookmark |August 14, 2019 3:27:43 PM
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)
Pune they have office,
This may be next mindpool
3.2. deepcdsl |   Link |  Bookmark |August 14, 2019 10:10:35 PM
Company not doing good...all products are useless outdated...
Pls pls save your money....LM to chore hai hi...
Small software companies are very risky...
2. deepcdsl |   Link |  Bookmark |August 14, 2019 10:06:31 PM
Finchore Aya new issue leke...kitana lutega ye LM public ki...
1. Medge |   Link |  Bookmark |August 14, 2019 3:17:45 PM
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)
Again Mumbai based company after SK International by SAME LM,
Looks like this LM trapping retailers to stole money,
All pls beware.