Alphalogic Techsys Limited, a Pune-based bespoke software consulting firm that helps clients with their digital transformation needs, is announcing the pricing of its IPO (Initial Public Offering) of 7,80,000 shares of face value of Rupees 10 each. The issue is priced at Rupees 99 per share. Total size of the issue is Rupees 7.72 Crore. The shares of the company would be listed in BSE Startup Platform.
Alphalogic has had a bootstrapped yet profitable journey from the very beginning. The company was started by Anshu Goel in 2008 at the age of 24 when most youngsters of his age were still looking out for jobs. He had the vision to help clients with their software needs in the simplest and most cost effective way possible. At the time of great recession in 2008 when people were losing jobs and companies were shutting down, Alphalogic was emerging as a resilient company providing employment opportunities and serving customers.
The story of Alphalogic from being nothing to the success it now mirrors is Anshu’s own. Anshu comes from a humble background. Raised in the small town of Chandrapur in Maharashtra, he completed his engineering from Pune, and then decided to start up his own company. With the simple motto of ‘Making Software Simple’, Anshu and his team went on to provide software solutions to clients ranging from early stage startups to established SMB’s and Fortune 500 companies from over 12 countries.
“I wanted to solve the problems for people using software and digital tools. We are a people first company, where people are valued over anything else. The promoters Dhananjay Goel and I are committed to delivering maximum growth to the company, our employees and shareholders by being nimble, hardworking and transparent,” says Anshu.
Today, the major services provided by Alphalogic includes product re-engineering services, web and mobile application development, data analytics and business intelligence, and UI/UX consulting. With its development center in Pune, Alphalogic serves a global clientele, and has delivered over a 100 different products. Alphalogic has built products for client based in 12 countries, including India, Australia, USA, and UK.
Alphalogic is among the first startups from its generation to have grown into becoming a limited company. “This is a dream for any startup. We have benefited everyone. We have worked hard to make sure our investors get good return on their investment. Right now we are listing on the BSE Startup Platform. In the next two years, we hope to move to the BSE Main Exchange, and aspire to become one of the prominent companies from India,” says Anshu.
“We have been very successful over the past ten years, thanks to the hard work of our team and the faith of our clients. We especially thank the government of India for their Startup India project. We believe in solving problems of our clients using digital solutions. Our focus is on generating more and more employment, and generating value for our investors,” he adds.
Alphalogic is looking to raise capital from the Capital markets through an IPO. The funds would be used for expansion of the company’s operations. Alphalogic would get listed on the BSE Startup Platform and would be one of the first startups to get listed in it. In ten years, Alphalogic has gone from a two people team to a level where it can think of an IPO. The founders are committed to creating value for shareholders and continue growing at the same rate as in the past, thereby making Alphalogic a prominent and reliable player in the industry in the days to come.
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