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
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 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
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).
| 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% |
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