(i) M/s. ALPHALOGIC TECH SYS LIMITED is promoted by Mr. Anshu Goel, who has around 13 years of experience in the information technology industry and Mr. Dhananjay Subhash Goel, who has over 8 years of experience in the information technology industry. The company is having its registered office at 405, Pride Icon, Near Columbia Asia Hospital, Kharadi Bypass Road, Pune, Maharashtra.
(ii) They commenced operations from Pune, India, and have serviced clients in multiple geographies viz. United States of America, United Kingdom, Australia.
The business operations may broadly be categorized as technology services and technology solutions. They believe they are among the few technology service providers with a deep understanding of technology along with specific domain expertise.
They provide Technology Consulting services, offering end-to-end technology solutions and support. They provide a wide range of services, including, Web Application Development, Mobile Application Development, UI/UX Consulting, Business Intelligence, and Data Analytics services.
Alphalogic helps its clients with automating their business processes. Alphalogic’ BPA suite helps businesses automate, monitor and optimize business processes for better outcomes. Business process management software (BPMS) is a software in which people use various methods to discover, model, analyze, measure, improve, optimize, and automate business processes. BPMS focuses on improving an organization’s performance by managing business processes
The clients range from start-ups to established companies, engaged in Healthcare, Saas Software, E-commerce, Fintech, Social Networking, and other industries.
Objects of the Alphalogic Techsys BSE SME Startup IPO:
A. To meet the working capital requirements of the company.
B. To meet the Issue Expenses.
C. General Corporate Purposes
The promoters are Anshul Goel and Dhananjay Subhash Goel.(i) Mr. Anshu Goel, aged about 35 years, is the Managing Director, CFO, and Promoter of our Company. He has been on the board of the company since incorporation and has more than 13 years of experience in Information Technology industry. He has a successful track record of leading go-to-market teams across all types of markets from large enterprises to emerging and medium-sized tech companies.
(ii) Mr. Dhananjay Subhash Goel, aged about 30 years, is the Executive Director and Promoter of our Company. He has been on the board of the company since incorporation and has more than 8 years of experience in Information Technology industry. He has a long time full-stack developer and dev-ops specialist. He helps lead our development teams and enjoys working with clients to build scalable products with a solid market fit.
The Average cost of acquisition of shares by promoters is Rs. 3.40 per share.
Financials of Alphalogic Techsys BSE SME Startup IPO:
Recommendation on Alphalogic Techsys BSE SME Startup IPO:
Review and Recommendation of InvestorZone is: 2/101. The IPO issue price at P/E multiple of 10.89x looks highly overvalued at the current market condition. The Issue price somewhere around Rs. 50-60 per share would have been fairly valued.
2. There is a very high competition in the sector in which the company is doing its business.
3. In spite of revenue growth from 2.2 Cr in FY17-18 to 5.1 Cr in FY18-19, the employee benefit expense has gone down which is not a good sign for a growing company.
4. The peer Xelpmoc Design & tech ( though strictly not comparable) is trading below its issue price.
Lead Manager of Alphalogic Techsys BSE SME Startup IPO: