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.
Alphalogic Techsys Limited IPO Review & Ratings
|IPO Ratings & Review|
|Top Brokers Review||7.9/10|
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 / Date||NII||RII||Total Subscription|
|1st Day – Aug 26||1.24x||0.11x||0.64x|
|2nd Day – Aug 27||1.82x||0.21x||0.96x|
|3rd Day – Aug 28||1.96x||0.53x||1.18x|
|Shares Offered or Net Issue||348,800||350,400||736,000|
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 Finalization||3-Sep-19|
|Credit of Shares to Demat Account||5-Sep-19|
|Share Listing Date||6-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)|
|Profit After Tax||219.05||37.09||33.86|
Earnings per Equity Share (in lakhs)
|Basic & Diluted||2.77||2.70||1.04||1.72|
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.
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.|
|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|
|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 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.|
|Equity Shares outstanding prior to the Issue||20,39,970 Equity Shares of ₹10/- each|
|Equity Shares outstanding after the Issue||28,19,970 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 EPS||RONW %||NAV (Rs.)|
- Price to Earnings (P/E) ratio in relation to Issue Price of Rs. 99:
- 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
|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: email@example.comWebsite: www.finshoregroup.com Investor Grievance Email: firstname.lastname@example.org 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: email@example.comContact 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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