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 Promoters:
The promoters of the company being Mr. Anshu Goel and Mr. Dhananjay Subhash Goel.
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:
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 (?500.00 Lakhs)
B. To meet the Issue Expenses (?47.20 lakhs)
C. General Corporate Purposes (?71.04 Lakhs)
Alphalogic IPO Details
Issue Open Aug 26, 2019 - Aug 28, 2019
Issue Type Fixed Price Issue IPO
Issue Size 736,000 Eq Shares of Rs 10
(aggregating up to Rs 6.18 Cr)
Face Value Rs 10 Per Equity Share
Issue Price Rs 84 Per Equity Share
Market Lot 1600 Shares
Min Order Quantity 1600 Shares
Listing At BSE SME
Alphalogic IPO Tentative Date / Timetable
Bid/Offer Opens On Aug 26, 2019
Bid/Offer Closes On Aug 28, 2019
Finalization of Basis of Allotment Aug 30, 2019
Initiation of Refunds Sep 3, 2019
The credit of Shares to Demat Acct: Sep 4, 2019
IPO Shares Listing Date: Sep 5, 2019
Alphalogic IPO Promoter Holding
Pre Issue Share Holding 100%
Post Issue Share Holding 73.49%
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
Company Contact Information
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
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/
Conclusion / Investment Strategy
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).
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