SME IPO: Alphalogic Industries issue to open on July 3. 10 things to know about the offer

economictimes.indiatimes.com:

Alphalogic Industries will open for public subscription on July 3. The issue closes on July 6.

Here are 10 things to know about the offer.1) Company OverviewAlphalogic Industries is engaged in the design, manufacturing, supply, and installation of industrial and institutional storage systems, which include compactor storage systems, heavy-duty storage racks, cantilever racks, lockers, mezzanine floors, metal pallets and crates, and library stacks among others.2) Industry OverviewThe annual production of steel is anticipated to exceed 300 million tonnes by 2030–2031. The crude steel production is projected to reach 255 million tonnes at 85% capacity utilisation achieving 230 million tonnes of finished steel production by FY31, assuming a 10% yield loss or a 90% conversion ratio for the conversion of raw steel to finished steel.3) Issue sizeThe IPO is entirely a fresh equity issue of up to 13.41 lakh equity shares, aggregating up to Rs 12.87 crore.4) Price bandThe company will offer its shares at a price band of Rs 96 apiece, and investors can bid for 1,200 shares in 1 lot.5) Financial performanceFor the year ending March 2023, the company has recorded revenues of Rs 18.23 crore and net profit of Rs 2.19 crore.6) Objects of the offerThe net proceeds from the public offer will be used for working capital requirements, issue-related expenses, and other general corporate purposes.7) Booking running lead managersFinshore Management Services is acting as the lead manager to the issue, while Cameo Corporate Services is the registrar.8) Issue structureAbout 50% of the offer is reserved for retail investors and the rest 50% for other investors.9) Important datesThe IPO opens on July 3 and closes on July 6.