Alphalogic Techsys to foray into Document Automation Software Space

Alphalogic Techsys, Pune based boutique software solutions company today announced that it is foraying into Document Automation Software space. Leveraging the benefits of AI technology, Alphalogic will be the first company in India to make Smart Document Generation Management systems for start-ups and enterprises.

The software by Alphalogic will allow the creation of unlimited documents, cabinets and folders. So, it helps in managing the different documents by putting them into corresponding cabinets e.g. Marketing, Sales, HR. This ensures easy handling of the documents as well as retrieval of the same when required.
The document automation industry is still at a very nascent stage in India, with a few players with niche product offering. However, Alphalogic Techsys aims to provide Document Automation Solution to enterprises across industries irrespective of the size of the company.



Commenting on the same, Mr. Anshu Goel, Founder & CEO, Alphalogic Techsys says, “Creation and management of documents in day-to-day business practice is a cumbersome process. We aim to make it easier for businesses to generate and manage their documents over the cloud. We have been working on a document management engine that would be powered by Artificial Intelligence, so that documents are created online, with less human intervention and error-free.”

“Our software will provide reliable document automation to start-ups and large organizations, where they can rely on us for accurate, efficient, and error free generation of high value content”, he further added.

The company has recently opened its IPO, and got an overwhelming response from investors. As per the company’s plan, the funds are being used to develop and introduce a variety of advanced technology software solutions in a simple and cost-effective manner.

About Alphalogic Techsys Limited:

Alphalogic Techsys Limited is a boutique Software Consulting Firm that helps its clients with their digital transformation needs. Alphalogic' motto is 'Making Software Simple'. Alphalogic has its development center in Pune, India but serves its customers globally. Alphalogic works with clients from early stage startups to established SMB's and Fortune 500s from over 12 countries.

Start-Up IPO Alpahlogic Techsys Subscribed 64% On First day of Bidding

The initial public offer (IPO) of boutique software consulting firm Alphalogic Techsys was subscribed 64 per cent on the first day of the bidding process.

The IPO with issue size of Rs 6.18 crore, received bids for 4,70,400 Shares against the total issue size of 7,36,000 shares as per the BSE data.

The category reserved for Non Institutional Investors (NIIs) which include HNI's and Corporates subscribed 125%, whereas retail individual investor category got subscribed 11%.

The company has fixed a price of Rs 84 per share. The issue will close on Wednesday. Alphalogic’s IPO comprises of a fresh issue aggregating up to Rs 6.18 crore and an offer for sale of up to 7,36,000 equity shares.

Finshore Management Services Limited is the book-running lead managers to the offer.

Alphalogic Techsys Limited is a boutique Software Consulting Firm that helps its clients with their digital transformation needs. Alphalogic' motto is "Making Software Simple". Alphalogic has its development centre in Pune, India but serves its customers globally. Alphalogic works with clients from early stage start-ups to established SMB's and Fortune 500s from over 12 countries.

It was in November last year, when BSE Startups Platform was rolled out for entrepreneurs to list their new-age companies on BSE.

Alphalogic Techsys Ltd IPO to Open on Aug. 23 - India’s first Start-up to Get Listed on BSE Start-up Platform

New Delhi, 21st August, 2019 : Pune based boutique software consulting firm Alphalogic Techsys today announced that its Initial Public Offering (IPO) of Rs 6.18 crore is open for bidding on August 23, 2019 at a fixed price of Rs. 84 per equity share.  The minimum lot size for investment is of 1600 shares and minimum investment would be Rs. 1,34,400/-.

The issue will close on August 27, 2019. The company expects to list on September 05, 2019 on the Start-up Platform of BSE. The company is set to become the first company to be listed on BSE Start-up platform. Finshore Management Services Limited is the book-running lead manager to the issue.

The company has been growing at a CAGR of 40% in the last 4 years. In FY 2018-19, the company clocked a stupendous growth rate of 120 per cent. The company has its clientele in more than 12 countries around the world, and has already worked on some major projects in the US healthcare domain. With a team of seasoned technocrats, the company ensures cutting-edge technological solutions for its clients.

[caption id="attachment_133289" align="alignleft" width="260"] Anshu Goel- Managing Director- Alphalogic Techsys[/caption]

Commenting on the development, Mr. Anshu Goel, Managing Director, Alphalogic Techsys said “While having witnessed exponential business growth in India and abroad, we are really glad to take Alphalogic to yet another level with its successful listing on BSE Start-up Platform. With the raised funds we aim at expanding into new clientele and expand the team in order to leverage various organic and inorganic opportunities targeting accelerated growth."

Alphalogic is among the first start-ups from its generation to have grown into becoming a limited company, creating value for all stakeholders, including employees, clients, and investors.

Alphalogic Techsys Limited is a boutique Software Consulting Firm that helps its clients with their digital transformation needs. Alphalogic' motto is "Making Software Simple". Alphalogic has its development centre in Pune, India but serves its customers globally. Alphalogic works with clients from early stage start-ups to established SMB's and Fortune 500s from over 12 countries.

 

Software Firm Alphalogic Techsys could be 1st Startup co. to Get Listed on BSE Startup Platform

Recently, Bombay Stock Exchange (BSE) organized an SME summit on the World SME Day to celebrate the 300th listing on the BSE SME Platform, a dedicated platform for listing of startups and thereby making stock market listing attractive for startups in the country.

BSE then accepted the IPO applications for first two companies for the BSE Startups Platform. One of the two startups whose IPO application got approved is, Alphalogic Techsys Limited, which is coming up with an IPO and planning to get listed on the BSE Startup platform.

Pune-based Alphalogic would be one the first startup companies to get listed on the BSE Startup platform, after the approval. Alphalogic has its 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 BSE 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.

[caption id="attachment_132644" align="aligncenter" width="1024"] (Left to Right) - Mr. Ajay Thakur, Head - BSE-SME Platform; Mr. Ramakrishna Iyengar, Director, Finshore Group (Merchant Banker); Mr. Dhananjay Goel, Director, Alphalogic Techsys Limited; Mr. Lakshman Iyengar, Director, Finshore Group (Merchant Banker), Mr. Ashishkumar Chauhan, MD & CEO, BSE; Shri. Sudhir Mungantiwar Minister Finance, Govt. of Maharashtra; Shri, Jayakumar Rawal, Minister Employment, Govt. of Maharashtra; Mr. Anshu Goel, MD of Alphalogic Techsys Limited; Mr. Neeraj Kulshrestha, Chief Business Officer, BSE[/caption]

The BSE Startups Platform was rolled out for entrepreneurs, in November last year, 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/.

Established in April 2016, Alphalogic Techsys Limited is a Software Solutions Company with its development center in Pune. Alphalogic helps its clients with their digital transformation needs.  The company provides a range of services including Product re-engineering, Prototyping, Mobile Application development, SAAS software development, Data Analytics & BI, Artificial Intelligence, etc. Alphalogic's clients range from early stage startups to Fortune 500 companies.

The founders of the Company have been running the business in the same space for more than 10 years. The collective experience of the founders in the Information Technology space is of more than 2 decades and which is helping the company to grow by leaps and bounds.

To recall, few days back Hyderabad-based micro-finance lender Spandana Sphoorty Financial had raised Rs. 360.28 crore from 18 anchor investors and announced that its IPO will open on August 5.