Alphalogic Industries Limited is a company that was incorporated in the year 2020. The company specialises in the design, manufacturing, supply, and installation of industrial and institutional storage systems. Their range of products includes Compactor Storage Systems, Heavy Duty Storage Racks, Cantilever Racks, Lockers, Mezzanine Floors, Metal Pallets & Crates, Library Stacks, Bookcases, Book Trolleys, Periodical Display Racks, School Lockers, and Book Supports.
The company has successfully provided storage solutions to various industries, including the automobile industry, e-commerce companies, the food industry, logistics companies, engineering firms, pharmaceutical organisations, educational institutes, and IT companies.
Alphalogic Industries Limited IPO Details
Alphalogic Industries Ltd IPO is a 100% fresh issue comprising 1,341,600 shares, aggregating up to ₹12.88 crore. The price band is set to ₹96 per share. The lot size is 1200 shares. The IPO is set to open on 3rd July 2023 and close on 6th July 2023. It will be listed on BSE SME.
Alphalogic Industries Limited IPO Objectives
The company proposes to use the net proceeds from the issue in the following ways:
- To meet working capital requirements.
- To meet the issue expenses.
- General corporate purposes.
Peer Details
None of the listed companies in India offers products or services across the various business segments in which Alphalogic operates. Hence a strict comparison is not possible.
Highlights of Alphalogic Industries Ltd
- Alphalogic Industries Limited is a company that has built a strong track record of over 8 years, demonstrating its resilience and ability to navigate economic and business cycles successfully. This track record indicates that the company has weathered various challenges and maintained its business viability over an extended period.
- In Fiscal Year 2023, Alphalogic Industries Limited has served over 150 clients from different industries. This indicates the company's growth and success in a relatively short period of time since its incorporation. By catering to the unique storage needs of various sectors, the company has established itself as a reliable and trusted provider of storage solutions.
- The company has had negative cash flow in recent fiscals and a sustained negative cash flow could have an adverse impact on Alphalogic.
Company Financials
| Particulars | March 31, 2023 (Rs. lakhs) | March 31, 2022 (Rs. lakhs) |
|---|---|---|
| Revenue from Operations | 1,801.85 | 784.33 |
| Net Profit After Tax (PAT) | 219.41 | 30.51 |
| Net Worth | 433.58 | 85.46 |
| EBITDA | 333.41 | 70.58 |
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Strengths
2The combination of a solid track record and experienced management showcases Alphalogic Industries Limited's stability and adaptability. It indicates that the company has established a strong foundation and has the capability to endure and thrive in a dynamic business environment.
The company is successful in building a strong client base. Its existing relationships help the company to get repeat business. This has helped Alohalogic to maintain a long-term working relationship with its customers and improve its customer retention strategy.
Risks
2The company’s business is subject to seasonal and other fluctuations that may affect its cash flows and business operations.
The company’s limited financial and operating history may not provide an accurate basis for investors to understand its business and financial history for comparative analysis and evaluate its future business and financial prospects.
