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. The company also manufactures stands used for these boards, school benches and desks, and other accessories. The company sells its products under various trademarks such as “Alkosign”, “Sit and Study”, “Brainee”, “Glassy-BO”, “Ultra- EX”, “Ultra”.
The company supplies products in around 22 states and is also moving ahead towards establishing its presence in the international market. The company has around 50 registered dealers. For e-retailing, the company has developed their own website and have tie-ups with e-commerce platforms in India and for the international market. The company has the biggest dedicated manufacturing unit with a production space of more than 5,00,000 sq. feet, for writing boards and display boards in India.
Competitive Strengths
- Widespread sales and dealers’ network
- Quality Certifications for manufacturing and supply of products
- Recognized products
- E-retailing and online distribution network
- Customer-Centric business model
Company Promoters
Samir Narendra Shah and Akshay Narendra Shah are the company promoters.
Company Financials
| Particulars | For the year/period ended (₹ in Millions) | |
|---|---|---|
| 30-Nov-21 | 31-Mar-21 | |
| Total Assets | 227.07 | 236.62 |
| Total Revenue | 59.18 | 132.77 |
| Profit After Tax | – 6.36 | 6.62 |
Objects Of The Issue
The IPO aims to utilize the net proceed for the following objectives;
- Prepayment/repayment of certain secured borrowings availed by the company.
- Funding working capital requirements; and
- General corporate purposes.
Alkosign IPO Details
| IPO Opening Date | Jan 18, 2022 |
| IPO Closing Date | Jan 21, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | 2,700,000 Eq Shares of ₹10 (aggregating up to ₹12.15 Cr) |
| Fresh Issue | 2,700,000 Eq Shares of ₹10 (aggregating up to ₹12.15 Cr) |
Alkosign IPO Tentative Timetable
| IPO Open Date | Jan 18, 2022 |
| IPO Close Date | Jan 21, 2022 |
| Basis of Allotment Date | Jan 27, 2022 |
| Initiation of Refunds | Jan 28, 2022 |
| Credit of Shares to Demat Account | Jan 28, 2022 |
| IPO Listing Date | Feb 1, 2022 |
Alkosign IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹135,000 |
| Maximum | 1 | 3000 | ₹135,000 |
Alkosign IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 50.41% |
Alkosign IPO Prospectus
Company Contact Information
| Alkosign Limited S NO : 12A, MIDC, NR Mother Dairy, Saravli, Bhiwandi Thane 421 311, Maharashtra, India Phone: +91-7391040250 Email: investor@alkosign.com Website: https://alkosign.com/ |
Alkosign IPO Registrar
| Skyline Financial Services Private Ltd Phone: +91 – 11 – 2681 Email: compliances@skylinerta.com Website: http://www.skylinerta.com |
Alkosign IPO FAQs
| When Alkosign IPO will open? The Alkosign IPO dates are 18 Jan 2022 To 21 Jan 2022. |
| What is the lot size of Alkosign IPO? Alkosign IPO lot size and the minimum order quantity is 3000 Shares. |
| How to apply for Alkosign IPO? You can apply in Alkosign IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Alkosign IPO listing date? The Alkosign IPO listing date is not announced. The date of Alkosign IPO listing is [01 Feb 2022]. |
