Alkosign Limited IPO : Issue opens Jan 18, 2022
Alkosign Limited is engaged in the manufacturing of visual presentation systems namely writing boards/display boards/notice boards of different types along with its associated accessories. The company also manufactures stands used for these boards, school benches and desks, and other accessories. The company sells its products under various trademarks such as "Alkosign", "Sit and Study", "Brainee", "Glassy-BO", "Ultra- EX", "Ultra".
The company supplies products in around 22 states and is also moving ahead towards establishing its presence in the international market. The company has around 50 registered dealers. For e-retailing, the company has developed their own website and have tie-ups with e-commerce platforms in India and for the international market. The company has the biggest dedicated manufacturing unit with a production space of more than 5,00,000 sq. feet, for writing boards and display boards in India.
Objects of the Issue:
The IPO aims to utilize the net proceed for the following objectives;
- Prepayment/repayment of certain secured borrowings availed by the company.
- Funding working capital requirements; and
- General corporate purposes.
Competitive Strengths:
- Widespread sales and dealers' network
- Quality Certifications for manufacturing and supply of products
- Recognized products
- E-retailing and online distribution network
- Customer-Centric business model
Company Promoters:
Samir Narendra Shah and Akshay Narendra Shah are the company promoters.
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