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Alphalogic Techsys IPO Dates, Size, Allotment, Bid Details, GMP & DRHP

Let’s have a detailed review of the company and analytics of the Alphalogic Techsys IPO release date, IPO offer price, subscription, Alphalogic Techsys Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters, and other related things. 

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Alphalogic Techsys Limited IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.1/10
Company Background7.3/10
Company Reputation7.2/10
Competitive Edge7.7/10
Financial Statements7.1/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite7.1/10
Top Brokers Review7.9/10
Overall Ratings7.4/10
Star Ratings★★★★☆

Summary of Alphalogic Techsys IPO

M/s. ALPHALOGIC TECHSYS LIMITED is promoted by Mr. Anshu Goel, who has around 13 years of experience in the information technology industry and Mr. Dhananjay Subhash Goel, who has over 8 years of experience in the information technology industry. Since the year 2016, Mr. Anshu Goel operated from a proprietorship in the name and style of “ALPHALOGIC INC” with a view of doing software customization and development as per client’s requirements. The Proprietorship firm was converted into Partnership Firm in the name and style of “ALPHALOGIC INC” vide a partnership deed dated March 17th, 2018 having its place of business at 405, Pride Icon, Near Columbia Asia Hospital, Kharadi Bypass Road, Pune, Maharashtra-411014, India.

The business of the partnership was Customisation of Software and Software Development and/or such other business or businesses as may be mutually decided by the partners hereto time to time. The initial partners of the firm were Mr. Anshu Goel, Mr. Dhananjay Subhash Goel and Mrs. Neha Anshu Goel. Later on, vide a supplementary agreement to the partnership deed dated September 06th, 2018 for sake of smooth working and better management and improvement and advancement of business, the partners agreed to conversion of partnership firm into Public Limited Company and introduced 4 more partners namely Mr. Abhishek Ramesh Goel, Mr. Subhash Tarachand Goel, Mrs. Sushiladevi Subhash Goel and Mr. Vedant Goel.

The Promoters of this company are MR. ANSHU GOEL AND MR. DHANANJAY SUBHASH GOEL. The lead manager to the issue is FINSHORE MANAGEMENT SERVICES LIMITED and the Registrar to this issue is Cameo Corporate Services Limited.


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Alphalogic Techsys Limited IPO Date

The opening and the closing date of Alphalogic Techsys IPO is Aug 26, 2019 – Aug 28, 2019.


Alphalogic Techsys IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – Aug 261.24x0.11x0.64x
2nd Day – Aug 271.82x0.21x0.96x
3rd Day – Aug 281.96x0.53x1.18x
Shares Offered or Net Issue348,800350,400736,000

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Alphalogic Techsys IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Basis of Allotment Finalization3-Sep-19
Refunds Initiation4-Sep-19
Credit of Shares to Demat Account5-Sep-19
Share Listing Date6-Sep-19

Alphalogic Techsys IPO Price Band

The face value of each share is Rs 10, but the cash price is Rs 84. 


Alphalogic Techsys IPO Equity Share Offering

Upto 39,600 Equity Shares of ₹10/- each fully paid-up of our Company for cash at a price of ₹99/-per Equity Share aggregating to ₹39.204Lakhs only


Alphalogic Techsys Limited – Company Overview

Later on, vide a supplementary agreement to the partnership deed dated September 06th, 2018 for sake of smooth working and better management and improvement and advancement of business, the partners agreed to conversion of partnership firm into Public Limited Company and introduced 4 more partners namely Mr. Abhishek Ramesh Goel, Mr. Subhash Tarachand Goel, Mrs. Sushiladevi Subhash Goel and Mr. Vedant Goel.

Later this company was incorporated as “ALPHALOGIC TECHSYS LIMITED” having its registered office at 405, Pride Icon, Near Columbia Asia Hospital, Kharadi Bypass Road, Pune, Maharashtra-411014, India on December 13, 2018 under the provisions of the Companies Act, 2013, bearing Corporate Identification Number U72501PN2018PLC180757 and vide Certificate of Incorporation dated December 14, 2018 issued by the Registrar of Companies, Pune, Maharashtra pursuant to conversion of partnership firm into company.We commenced our operations from Pune, India, and have serviced our clients in multiple geographies viz. United States of America, United Kingdom, Australia. Our business operations may broadly be categorized as technology services, and technology solutions. We believe we are among the few technology service providers with deep understanding of technology along with specific domain expertise.


Alphalogic Techsys Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary of Alphalogic Techsys Limited IPO

On the basis of Standalone statement:-

Amount (in INR & lakhs)  
31-Mar-1931-Mar-1831-Mar-17
Total Assets415.48.64120.17
Total Revenue501.21218.33188.84
Total ExpenseNANANA
Profit After Tax219.0537.0933.86

Earnings per Equity Share (in lakhs)

31-Dec-1831-Mar-1831-Mar-1731-Mar-16
Basic & Diluted2.772.701.041.72

From the above statements, one could find that Alphalogic Techsys Limited may perform well.


Alphalogic Techsys IPO – Promoters

The Promoter of this company is:

  • MR. ANSHU GOEL 
  • MR. DHANANJAY SUBHASH GOEL

Interest in promotion of the Company

The Key Managerial Personnel of the Company have interest in the Company to the extent of the remuneration or benefits to which they are entitled to as per their terms of appointment and reimbursement of expenses incurred by them during the ordinary course of business and to the extent of Equity Shares held by them in the Company, if any and dividends payable thereon, if any.

Property Interest

Directors have not entered into any contract, agreement or arrangements in which the Directors are interested directly or indirectly and no payments have been made to them in respect of these contracts, agreements or arrangements or are proposed to be made to them.

Interest in Intellectual Rights of the Company

As on the date of filing of the Draft Red Herring Prospectus, the Company does not own any intellectual property rights.


Alphalogic Techsys Limited IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered Upto 7,80,000 Equity Shares of ₹10/- each fully paid-up of our Company for cash at a price of ₹99/- per Equity Share aggregating to ₹772.20Lakhs.
 Of which:
 Reserved for Market Makers Upto 39,600 Equity Shares of ₹10/- each fully paid-up of our Company for cash at a price of ₹99/- per Equity Share aggregating to ₹39.204Lakhs.
 Net Issue to the Public Upto 7,40,400 Equity Shares of ₹10/- each fully paid-up of our Company for cash at a price of ₹99/- per Equity Share aggregating to ₹732.996Lakhs
 Of which:
 Retail Investors Portion 3,70,800 Equity Shares of ₹10/- each fully paid-up of our Company for cash at a price of ₹99/- per Equity Share aggregating to ₹367.092Lakhs.
 Non-Retail Investors Portion3,70,800 Equity Shares of ₹10/- each fully paid-up of our Company for cash at a price of ₹99/- per Equity Share aggregating to ₹367.092Lakhs.
 Equity Shares outstanding prior to the Issue20,39,970 Equity Shares of ₹10/- each
 Equity Shares outstanding after the Issue28,19,970 Equity Shares of ₹10/- each

Alphalogic Techsys Limited IPO Issue Object

These are the IPO Issue Objects:

  • To meet the working capital requirements of the company
  • To meet the Issue Expenses
  • General Corporate Purpose

Alphalogic Techsys IPO – Basis of the 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:

  • Established and proven track record;
  • Leveraging the experience of our Promoters;
  • Experienced management team and a motivated and efficient work force;
  • Cordial relations with our customers
  • Quality Assurance & Control

The relevant quantitative factors are:

On the basis of standalone statement:-

Basic & Diluted EPSRONW %NAV (Rs.)
Mar-19161.0798.85163
Mar-1827.27428.936.36
31-Mar-1724.9046.5353
Mar-16
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. 99:
ParticularsP/E ratio
Highest
Average
Lowest
  • Competitive Peers: There are no listed entities which are focused exclusively on the segment in which they operate. Hence, it is not possible to provide an industry comparison in relation to the Company.

Alphalogic Techsys IPO Lead Managers

Lead Managers
FINSHORE MANAGEMENT SERVICES LIMITED

Anandlok”, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal Telephone: +91 – 33 – 22895101 Email: : www.finshoregroup.com Investor Grievance Email: Contact Person: Mr. S. Ramakrishna IyengarSEBI Registration No: INM000012185 CIN No: U74900WB2011PLC169377

Alphalogic Techsys IPO Registrar to offer

Registrar to the Offer
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, #1, Club House Road, Chennai – 600 002, India Telephone: +91-44-40020700, 28460390Facsimile: +91-44-28460129Email: Person: Mr. R.D. Ramasamy, Director Website: www.cameoindia.com SEBI Registration Number: INR000003753

 


Alphalogic Techsys IPO Grey Market Premium

The Alphalogic Techsys IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Alphalogic Techsys IPO News

News 1 – Download DRHP Prospectus


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