1:3 Bonus Issue: Small Cap IT Stock Extends Record Date, Shares Jump 1107% In 3-Yrs

Alphalogic Techsys shares closed 2% lower at Rs 78.34 per share on Wednesday. According to a BSE filing, today the company has revised the record date to determine entitlement of eligibility of shareholders for Bonus Shares to December 1, 2023.

Alphalogic extends Record Date for issue of Bonus Shares:

In an exchange filing on November 22, 2023, the company said, "In continuation to our communication dated 18th October, 2023, informing the fixation of Record Date of Friday, 24th November, 2023, we would like to inform you that the company is yet to receive the In principle approval for Bonus Issue and due to technical issue, the company has decided to revise the record date. The revise record date to determine entitlement of eligibility of shareholders for Bonus Shares shall be Friday, 01st December, 2023."

On November 22, 2023 the stock touched lower circuit at 78.34 and traded on new 52-week high value at Rs 80. Prior to this, Alphalogic Techsys stock also touched upper circuit on November 21, and November 20 at Rs 79.93 and Rs 78.37 respectively. On Tuesday the stock of Alphalogic Techsys traded on new 52-week high value of Rs 79.93.

The share price of Alphalogic Techsys has gained 105.89% in last one year. The company had earlier declared a 1:3 bonus issue implying shareholders will receive 1 bonus share for every 3 shares held as of the record date.

Other Important Details:

Alphalogic Techsys Declares 1:3 Bonus Share

In an exchange filing on November 7, the company said, "Recommendation of issuance of fully paid-up Bonus Share in the ratio of 1:3 i.e, 1 (One) Equity Share for every 3 (Three) fully paid-up Equity Shares of Rs 05/- each held to the eligible members of the Company holding equity shares of the Company, including warrants holders holding 12,17,000 convertible warrants pending for conversion and convertible into 12,17,000 number of equity shares of Rs. 5/- each, subject to the approval of the shareholders of the Company and appropriate authorities. The record date to determine entitlement of eligibility of shareholders for Bonus Shares will be intimated at a later date."

Details of share capital - pre and post Bonus Issue

The Pre-Bonus paid-up Share capital as of November 7, 2023, is Rs. 17,57,13,835 divided into 3,51,42,767 Equity Shares of Rs. 5/ each. The Post Bonus paid up Share Capital shall be Rs 23,42,85,113 divided into 4,68,57,023 Equity Shares of Rs. 5 each. The Post Bonus paid up Share Capital shall be Rs 24,23,98,445 divided into 4,84,79,689 Equity Shares of Rs. 5 each.

Alphalogic Techsys Stock Outlook & Return

The current market price of Alphalogic Techsys share on BSE is Rs 78.34, down 1.99%. Its 52-week high price is Rs 80 per share and its 52-week low price is Rs 25.03 per share, respectively. The company commands a market capitalization of Rs 275.31 crore. Alphalogic Techsys shares jumped 108.35% YTD. Alphalogic Techsys stock is up 68.55% in last 3-months. In the last one month the stock is up 28.74%.

Alphalogic Techsys Quarterly Results

For the quarter that ended September 30, 2023, the company's net sales rose 202.21% at Rs 12.51 crore compared to Rs 4.14 crore in the prior corresponding period. During this period, the company's net profit jumped 147.37% higher at Rs 1.30 crore in September 2023, against Rs 0.52 crore declared in the corresponding period of last year. For the quarter under consideration, Alphalogic Techsys' EBITDA jumped to Rs 2.58 crore, up 203.53% compared to Rs 0.85 crore declared in September 2022.

Disclaimer

The article just highlights important updates for the company's shareholders and the returns offered by the stock in last one year, 3 years, and YTD performance. The article should not be seen as a piece of recommendation to buy, sell or hold. The author has not done fundamental or technical analysis and has no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please do your own research before making any stock market investment and consult a professional advisor.