Alkosign IPO is all about to make its debut on 18th jan with 12.15 cr Precision Metaliks is engaged in the manufacturing of visual presentation systems namely writing boards/display boards/notice boards of different types along with its associated accessories.
Alkosign IPO – overview
| IPO Dates | 18-21 Jan 2022 |
| IPO Price | INR 45 per share |
| Fresh issue | 2,700,000 shares (INR 12.15 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,700,000 shares (INR 12.15 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Alkosign IPO – Tentative Dates
| IPO Offer Opening Date | 18 Jan 2022 |
| IPO Closing Date | 21 Jan 2022 |
| Finalization of Basis of Allotment | 27 Jan 2022 |
| Initiation of refunds | 28 Jan 2022 |
| Transfer of shares to demat accounts | 28 Jan 2022 |
| IPO Listing Date | 01 Feb 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
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.
Industry Overview
India holds an important place in the global education industry. India has one of the largest networks of higher education institutions in the world. However, there is still a lot of potential for further development in the education system. With ~26.31% of India’s population in the age group of 0-14 years, India’s education sector provides numerous opportunities for growth. Market Size India has the world’s largest population of about 500 million in the age bracket of 5-24 years, which provides a great opportunity for the education sector.
The education sector in India was estimated at US$ 91.7 billion in FY18 and is expected to reach US$ 101.1 billion in FY19. In India, the edtech market is expected to reach US$ 4 billion by 2025, from US$ 750 million in 2020. Number of colleges in India reached 39,931 in FY19. As of May 17, 2021, number of universities in India reached 981. India had 37.4 million students enrolled in higher education in FY19. In FY20, Gross Enrolment Ratio in higher education in India was 27.1%. ICAR is one of the largest national agricultural organizations in the world.
As per the QS employability rankings 2022, the Indian Institute of Science (IISc), Bengaluru, six Indian Institutes of Technology (IITs), Delhi University, University of Mumbai, University of Calcutta, OP Jindal Global University, Sonipat and BITS Pilani were among the top 500 universities. According to KPMG, India has also become the second largest market for E-learning after the US. The sector is expected to reach US$ 1.96 billion by 2021, with about 9.6 million users from US$ 247 million and around 1.6 users in 2016.
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
Objectives of the issue
- Prepayment/repayment of certain secured borrowings availed by the company.
- Funding working capital requirements; and
- General corporate purposes.
Company Financials
| Particulars | 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 |
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/
Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/
Lead Manager(s)
- SHRENI SHARES PRIVATE LIMITED (Past IPO Performance)
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- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
