Alkosign Limited IPO (Alkosign IPO) Detail

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:

ParticularsFor the year/period ended (₹ in Millions)
Total Assets227.07236.62
Total Revenue59.18132.77
Profit After Tax– 6.366.62

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 DateJan 18, 2022
IPO Closing DateJan 21, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹45 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME
Issue Size2,700,000 Eq Shares of ₹10
(aggregating up to ₹12.15 Cr)
Fresh Issue2,700,000 Eq Shares of ₹10
(aggregating up to ₹12.15 Cr)

Alkosign IPO Tentative Timetable

The Alkosign IPO open date is Jan 18, 2022, and the close date is Jan 21, 2022. The issue may list on Feb 1, 2022.

IPO Open DateJan 18, 2022
IPO Close DateJan 21, 2022
Basis of Allotment DateJan 27, 2022
Initiation of RefundsJan 28, 2022
Credit of Shares to Demat AccountJan 28, 2022
IPO Listing DateFeb 1, 2022

Alkosign IPO Lot Size

The Alkosign IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

ApplicationLotsSharesAmount (Cut-off)

Alkosign IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding50.41%

Company Contact Information

Alkosign Limited
S NO : 12A, MIDC, NR Mother Dairy, Saravli,
Thane 421 311, Maharashtra, India
Phone: +91-7391040250

Alkosign IPO Registrar

Skyline Financial Services Private Ltd

Phone: +91 – 11 – 2681

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