For Quick Alerts
For Daily Alerts

Alphalogic Techsys IPO, India’s First Startup Issue, Fully Subscribed

By Staff

Software consulting firm, Alphalogic Techsys' initial public offering (IPO) was subscribed fully on the second day of its bidding process. It is India's first firm to float a startup IPO. Its issue closes on Wednesday.

According to data on BSE, the Pune-based firm received bids for 7,60,000 shares for its total issue size of 7,36,000 shares.

Alphalogic Techsys IPO, India’s First Startup Issue, Fully Subscribed

The company's equity shares are scheduled to be listed on BSE's SME Startup Platform on 5 September. The Alphalogic Techsys' SME IPO issue date was deferred from 23-28 August to 26-28 August by the company, citing "unforeseen circumstances".

Finshore Management Services Limited is the issue's book-running lead manager.

The software consulting firm offers end-to-end technology solutions, technology consulting and support services. It is involved in mobile app development, web application development, business intelligence, data analytics and related segments.

Alphalogic Techsys has over 100 clients with multiple technical verticals in over 12 countries around the world.

In February, SEBI (Securities and Exchange Board of India) decided to create a separate platform for startups to provide young companies easier access to capital markets and bring in a new class of investors.

Read more about: ipo startup
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more