Alphalogic Techsys Becomes First Start-Up to Migrate from BSE Boot Platform to BSE Motherboard | AFN News
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Alphalogic Techsys becomes the first startup to migrate from BSE startup platform to BSE motherboard
Posted on December 17, 2021
After being the first startup in the country to be listed on ESB’s startup platform in September 2019, Alphalogic Techsys Limited is now on track to become the first startup to migrate from ESB’s startup platform. ESB to the ESB motherboard.
Pune : Alphalogic Techsys Limited, a Pune-based software consultancy company, today becomes the first startup in India to migrate from BSE boot platform to BSE motherboard.
Alphalogic Techsys was the first startup to feature on ESB’s startup platform in September 2019. Instead of seeking venture capital funding, the startup goes into the market and raises capital through the initial public offering. In this way, the company is setting a new trend to influence the startup ecosystem in the country. Alphalogic Techsys Ltd raised funds during its IPO in August 2019.
Since its listing in September 2019, Alphalogic Techsys shares have provided a return of 212% to its investors. Alphalogic Techsys Ltd’s stock traded in BSE for the last time on Tuesday at Rs. 35.50 from the previous close of Rs. 30.10. The total number of shares traded during the day was 71,040.
The Company has announced that it will study a fundraising proposal by issuing equity shares or any other security via one or more authorized methods. The Company will also examine the increase in its authorized share capital at its meeting to be held on December 17, 2021.
AlphalogicTechsys works in the areas of SAAS, Fintech, Artificial Intelligence and Mobility.
What does this AlphalogicTechsys Limited migration mean for investors?
The company is migrating from the BSE startup platform to the BSE motherboard, which means investors can now buy and sell even a single share of that company. So far, if an investor wants to buy shares of this company, he has to buy a lot of 11,840 shares. From December 16, investors can trade at least one share of the company.