Alkosign IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 15, 2022Let’s have a detailed review of the company and analytics of the Alkosign IPO release date, IPO offer price, subscription, Alkosign Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 45 |
| Listing At | BSE SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | Feb 1, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 1215 Lakhs |
| IPO Size | Rs 1215 Lakhs |
| Tick Size | 1 |
Alkosign IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Alkosign IPO – Summary
Their company was incorporated as a private limited Company under the name “Alkosign Private Limited” under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated March 20, 2020, issued by Assistant Registrar of Companies, Mumbai.
Subsequently, their Company was converted into a public limited company pursuant to the approval of the shareholders at an extraordinary general meeting held on December 02, 2021and consequently, the name of their Company was changed to “Alkosign Limited” and a Fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company was issued by Registrar of Companies, Mumbai on December 21, 2021.
The Promoter of this company is SAMIR NARENDRA SHAH AND AKSHAY NARENDRA SHAH. The lead manager to the issue is SHRENI SHARES PRIVATE LIMITED, and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Alkosign IPO Date
The opening and the closing date of Alkosign IPO are Jan 18, 2022, and Jan 21, 2022, Respectively.
Alkosign IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 18th Jan | 1.91x | 0.45x | 1.18x |
| 2nd Day – 19th Jan | 2.03x | 3.91x | 2.97x |
| 3rd Day – 20th Jan | 2.16x | 4.79x | 3.47x |
| 4th Day – 21st Jan | 3.14x | 6.39x | 4.76x |
| Shares Offered or Net Issue | 1,281,000 | 1,281,000 | 2,562,000 |
The shares subscribed by the public will be updated here.
Check Alkosign IPO LIVE Subscription
- Alkosign IPO LIVE Bid details on BSE
- Alkosign IPO LIVE Bid details on SME
For the Latest Bid details click on the above links.
Alkosign IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Alkosign Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jan 27, 2022 |
| Refunds Initiation | Jan 28, 2022 |
| Credit of Shares to Demat Account | Jan 28, 2022 |
| Share Listing Date | Feb 1, 2022 |
Alkosign IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.45
Alkosign IPO Equity Size
This Initial Public Issue of 27,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.45 per equity share aggregating to Rs.1215 Lakhs.
Alkosign IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,700,000 Equity Shares of Rs.10/ each.
Issue Size: 2,700,000 Equity Shares of Rs.10 each, aggregating to Rs.1215 Lakhs
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Alkosign IPO – Live Performance
The listing date of this IPO is Feb 1, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Alkosign Share Price |
Alkosign IPO Grey Market Premium
The Alkosign Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Alkosign IPO – Company Overview
Their Company, 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 and stands used for these boards, school benches, desks, and their accessories. Their Company has a manufacturing facility situated at Plot No 12 A MIDC, Saravli, Bhiwandi – 421311
Company has purchased the business of M/s Alkosign Display Systems vide Purchase of Business Agreement dated March 20, 2020, entered into between M/s Alkosign Display Systems and Alkosign Private Limited.
Vide this agreement, it has been mutually decided between the parties that the business namely, the Brand (Trademark), the domain name, the Goodwill, the Machines as mentioned in the agreement and the stock namely finished goods, semi-finished goods, raw materials used to manufacture these products are sold to their Company.
Alkosign IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||
| 30-Nov-21 | 31-Mar-21 | |
| Total Assets | 227.07 | 236.62 |
| *Total Revenue | 59.18 | 132.77 |
| Total Expense | 649.14 | 1236.28 |
| Profit After Tax | (6.36) | 6.62 |
Earnings per Equity Share (in Million)
| 30-Nov-21 | 31-Mar-21 | |
| Basic & Diluted | (2.34) | 10.86 |
Further, their PAT for the period ended on March 31, 2021, and Nov 30, 2021, were Rs (6.36) Lakhs and Rs 6.62 Lakhs respectively.
Alkosign IPO – Promoters
The Promoter of this company is:
- SAMIR NARENDRA SHAH
- AKSHAY NARENDRA SHAH
List of Related Parties (Key Managerial Personnel)
- Pratiksha Prasad Naik, Chief Financial Officer
- Poorvi Gattani, Company Secretary and Compliance Officer
Alkosign IPO – Promoters Holding
- Pre Issue Share Holding – 100.00%
- Pos Issue Share Holding -50.41%
Alkosign IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 27,00,000 Equity Shares aggregating up to Rs.1,215.00 Lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,38,000 Equity Shares aggregating up to Rs.62.10 Lakhs |
| Net Issue to the Public | Up to 25,62,000 Equity Shares aggregating up to Rs.1,152.90 Lakhs |
| Of which: | |
| Retail Investors Portion | Not less than 12,81,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 12,81,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 27,45,000 Equity Shares |
| Equity Shares outstanding after the Issue | 54,45,000 Equity Shares |
Alkosign IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding Working capital requirements
- Repayment of loan
- General Corporate Purpose
Alkosign IPO – Business Strategy
- Expand their dealer network in existing markets
- Continue to improve operations
- Continue to improve operating efficiencies through technology enhancements
- Brand Image
- Customer Satisfaction
Alkosign IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Widespread sales and dealers’ network
- Quality Certifications
- Recognized Products
- E-retailing and online distribution network
- Customer-Centric Business Model
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 10.86 | 98.51 | 11.02 |
| 30-Nov-21 | (2.34) | (26.52) | 8.84 |
Alkosign IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Alkosign Limited | 10 | [●] | 10.86 | 98.51 | 132.77 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Alkosign IPO Lead Managers
| Lead Managers |
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Plot No. 1/B, 1/A, Survey No. A-12, Ram Nagar, Borivali (West), Maharashtra, India Telephone: +91-22-2808 8456 E-mail: shrenishares@gmail.com Investors Grievance e-mail: info@shreni.in Website: www.shreni.in Contact Person: Krunal Pipalia SEBI Registration Number: INM000012759 |
Alkosign IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153 A, First Floor Okhla Industrial Area, Phase India. Telephone: 011-40450193-97 FAX: 011-26812682 E-mail: compliances@skylinerta.com Investor grievance e-mail: grievances@skylinerta.com Website: www.skylinerta.com Contact Person: Alok Gautam SEBI Registration No.: INR000003241 |
Alkosign IPO – Other Details
- Statutory Auditor – M/s. A Y & Company
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Alkosign IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Alkosign Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Alkosign IPO Review FAQs
Ques – What is the Issue Size of Alkosign IPO?
Answer – The Company is making an initial public offer of 27,00,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Alkosign IPO?
Answer – The price band for this particular IPO ranges between Rs 45. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Alkosign IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Jan 18, 2022, while the closing date is set at Jan 21, 2022.
Ques – What is the Alkosign IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jan 27, 2022, refund initiation is on Jan 28, 2022, credit of shares is on Jan 28, 2022, and share listing date is on Feb 1, 2022.
Ques – What is the Alkosign IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Feb 1, 2022. The date, when the listing would be done, is stagnant on Feb 1, 2022.
Ques – Who is the Registrar of Alkosign IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Alkosign IPO?
Answer – Here are the promoters of this IPO – SAMIR NARENDRA SHAH AND AKSHAY NARENDRA SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Alkosign IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Alkosign IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Alkosign Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 6.62, PAT from Sep 2021 is (6.36).
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