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Let’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 ValueRs 10
Price BandRs 45
Listing AtBSE SME
Min. Order Quantity3000 Shares
Listing DateFeb 1, 2022
Offer for SaleRs Lakhs
Fresh IssueRs 1215 Lakhs
IPO SizeRs 1215 Lakhs
Tick Size1

Alkosign IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Alkosign IPO – Summary

Alkosign IPOTheir 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 / DateNIIRIITotal Subscription
1st Day – 18th Jan1.91x0.45x1.18x
2nd Day – 19th Jan2.03x3.91x2.97x
3rd Day – 20th Jan2.16x4.79x3.47x
4th Day – 21st Jan3.14x6.39x4.76x
Shares Offered or Net Issue1,281,0001,281,0002,562,000

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 FinalizationJan 27, 2022
Refunds InitiationJan 28, 2022
Credit of Shares to Demat AccountJan 28, 2022
Share Listing DateFeb 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-2131-Mar-21
    Total Assets227.07236.62
    *Total Revenue59.18132.77
    Total Expense649.141236.28
    Profit After Tax(6.36)6.62

    Earnings per Equity Share (in Million)

    30-Nov-2131-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:

    1. SAMIR NARENDRA SHAH
    2. 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 MakersUp to 1,38,000 Equity Shares aggregating up to Rs.62.10 Lakhs
    Net Issue to the PublicUp 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 InvestorsNot more than 12,81,000 Equity Shares
     Equity Shares outstanding prior to the Issue27,45,000 Equity Shares
     Equity Shares outstanding after the Issue54,45,000 Equity Shares

    Alkosign IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Funding Working capital requirements
    2. Repayment of loan
    3. 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 EPSRONW (%)NAV (Rs.)
    31-Mar-2110.8698.5111.02
    30-Nov-21(2.34)(26.52)8.84

    Alkosign IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
    Alkosign Limited10[●]10.8698.51132.77
    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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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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