Alphalogic techsys limited to roll out initial public offering to be listed on bombay stock exchange
> The Draft Red Herring Prospectus (DRHP) of Alphalogic was unveiled by the Finance Minister of the State of Maharashtra during the SME summit organized on the World SME Day
> Alphalogic became one of the first two companies whose IPO application was accepted by The Bombay Stock Exchange (BSE) for its BSE Startups Platform
The BSE Startups Platform was started in 2018 with an aim to encourage new-age entrepreneurs to list their companies on BSE, which is India’s prominent stock exchange. This platform endeavors to strengthen the startup eco-system in the country, and Alphalogic Techsys Limited became one of the first two companies to qualify for listing on this platform.
Recently, the Alphalogic submitted its Draft Red Herring Prospectus to the BSE. The company’s DRHP was unveiled in a formal ceremony during the SME summit, which was organized by the BSE on the occasion of the World SME Day to commemorate the 300th listing on the Exchange. Hon. Finance Minister of Maharashtra, Mr. Sudhir Mungantiwar unveiled the DRHP along with Hon. Employment Minister of the state, Mr. Jayakumar Rawal. Mr. Anshu Goel, Managing Director of Alphalogic and Mr. Dhananjay Goel, Director of the company were also present on the occasion along with other high profile dignitaries.
According to Anshu Goel, “The IPO could prove extremely important in funding our expansion plan, and growing our business.” Alphalogic is a Software Solutions Company that delivers new-age solutions to its clients to help overcome business challenges and achieve their growth in this fast-changing digital world. The company has its development center in Pune, India, while its sales office is located in Arlington, USA. With a vast clientele in India and overseas, Alphalogic sees the opportunity of getting listed to the Bombay Stock Echange a noteworthy milestone that can skyrocket their saga of growth.