Maharashtra Finance Minister Unveils DRHP of Alphalogic Techsys Limited for Rolling Out its IPO

In order to fund its expansion plan, Alphalogic Techsys Limited is coming up with an IPO and planning to get listed on the BSE Startup platform. Alphalogic is Software Solutions Company with their development center in Pune and Sales office at Arlington, USA. The company submitted its DRHP (Draft Red Herring Prospectus) to the Bombay Stock Exchange on June 27, 2019 during the SME summit organised by the Bombay Stock Exchange on the World SME Day in Mumbai. The prospectus was unveiled by Hon. Finance Minister of Maharashtra Shri Sudhir Mungantiwar and Hon. Employment Minister of Maharashtra Shri Jayakumar Rawal.

The event was organised by the Bombay Stock Exchange to celebrate the 300th listing on the BSE SME Platform and accepted the IPO applications for first two companies for the BSE Startups Platform. Alphalogic would be one the first startup companies to get listed on the BSE Startup platform, after the approval.

The BSE Startups Platform was rolled out for entrepreneurs to list their new-age companies on BSE. This has been seen an attempt to give a fresh impetus to the Indian startup eco-system. Alphalogic is very confident to get listed on this BSE startup platform. The company has been instrumental in empowering its clients to adapt to the digital transformational needs by offering them solutions based on the latest technologies, such as artificial intelligence, automation, data analytics, machine learning, M-to-M communication and so on. With a large clientele in India and overseas, Alphalogic is hopeful of winning the investor's trust, once the IPO will be rolled out.

The company's IPO is expected to come out in the month of August this year. One can learn more about the company by visiting their website https://www.alphalogicinc.com/.

Source : Equity Bulls

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