Alphalogic Techsys to migrate from BSE boot platform to BSE motherboard

Pune-based boutique software consultancy Alphalogic Techsys Limited is on its way to becoming the first startup to migrate from ESB boot platform to ESB motherboard.

Registration is scheduled for December 16, 2021.

Alphalogic Techsys was the first startup to feature on ESB’s startup platform in September 2019. Alphalogic Techsys Ltd raised funds during its initial public offering (IPO) in August 2019.

Since its IPO in September 2019, Alphalogic Techsys shares have generated a return of 212% for its investors. Alphalogic Techsys Ltd shares last traded in BSE at Rs. 35.50 on Tuesday 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 the authorized share capital of the Company at its meeting to be held on December 17, 2021.

Alphalogic Techsys works in the areas of SAAS, Fintech, Artificial Intelligence and Mobility.

What does this migration from Alphalogic Techsys Limited 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.

This story is provided by ATK. ANI will not be responsible for the content of this article in any way.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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