Alphalogic Techsys announces launch of initial public offering
26/08/2019 14:30
Alphalogic Techsys Ltd. has announced public offering of 780000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 74.00 per share. The gross proceeds of the issue are expected to be Rs 772.20 lakhs.

The company's initial public offer (IPO) will open on 26 August 2019 and is expected to close on 27 August 2019, subject to customary closing conditions.

The IPO includes a fresh Issue of 780000 Equity Shares of the Company at an price of Rs 84.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Alphalogic Techsys Ltd. anticipates using the proceeds of the issue for A To meet the working capital requirements of the company,B To meet the Issue Expenses,C General Corporate Purposes.

Finshore Management Services Ltd. as lead manager & Cameo Corporate Services Ltd. is the registrar, to the issue.