Pune based boutique software consulting firm Alphalogic Techsys today announced that its Initial Public Offering (IPO) of Rs 6.18 crore is open for bidding on August 23, 2019 at a fixed price of Rs. 84 per equity share. The minimum lot size for investment is of 1600 shares and minimum investment would be Rs. 1,34,400/-.
The issue will close on August 27, 2019. The company expects to list on September 05, 2019 on the Start-up Platform of BSE. The company is set to become the first company to be listed on BSE Start-up platform. Finshore Management Services Limited is the book-running lead manager to the issue.
The company has been growing at a CAGR of 40% in the last 4 years. In FY 2018-19, the company clocked a stupendous growth rate of 120 per cent. The company has its clientele in more than 12 countries around the world, and has already worked on some major projects in the US healthcare domain. With a team of seasoned technocrats, the company ensures cutting-edge technological solutions for its clients.
Commenting on the development, Mr. Anshu Goel, Managing Director, Alphalogic Techsys said "While having witnessed exponential business growth in India and abroad, we are really glad to take Alphalogic to yet another level with its successful listing on BSE Start-up Platform. With the raised funds we aim at expanding into new clientele and expand the team in order to leverage various organic and inorganic opportunities targeting accelerated growth."
Alphalogic is among the first start-ups from its generation to have grown into becoming a limited company, creating value for all stakeholders, including employees, clients, and investors.