Media Release
Alphalogic Techsys Limited and Transpact Enterprises Limited gets listed on BSE Startups Platform/
Maharashtra-based Alphalogic Techsys Limited and Transpact Enterprises Limited become first to get listed on BSE Startups Platform
Mumbai, September 5, 2019: Alphalogic Techsys Limited and Transpact Enterprises Limited became the first companies to get listed on the BSE Startups Platform on September 5, 2019. On December 22, 2018, BSE had become the first stock exchange to get the approval from SEBI and launch its Startups platform.
Alphalogic Techsys Limited came out with an initial public offering of 7,36,000 Equity Shares of Rs.10/- Each (“Equity Shares”) for cash at a price of Rs. 84/- Per Equity Share (The “Offer Price”), aggregating to Rs. 618.24 lakh. The company has successfully completed its public issue on August 28, 2019. Transpact Enterprises Limited came out with an initial public offering of 1,04,000 Equity Shares of Rs.10/- Each (“Equity Shares”) for cash at a price of Rs.130/- Per Equity Share (The “Offer Price”), ggregating to Rs. ’135.20’ lakh. The company has successfully completed its public issue on August 28, 2019.
Alphalogic Techsys Limited is a Maharashtra-based company whose registered office is at Pune. The company is engaged in the business operations which may broadly be categorized as technology services and technology solutions. They provide their clients with Technology Consulting services, offering end-to-end technology solutions and support. Clients range from start-ups to established companies, engaged in Healthcare, Saas Software, E-commerce, Fintech, Social Networking, and other industries. Kolkata-based Finshore Management Services Limited was the lead manager for Alphalogic Techsys Limited
Transpact Enterprises Limited is a Maharashtra-based company whose registered office is at Mumbai. It is a MedTech startup with a focus to provide innovative, cost-effective and comprehensive solutions, products with strategic partnerships and collaborative relationships to help especially abled people to transcend their barriers.Mumbai-based Aryaman Financial Services Limited was the lead manager for Transpact Enterprises Limited.
The above companies listed on BSE Startups Platform have raised Rs. 7.53 crore from the market and total market capitalization of these companies as on September 5, 2019 is 28.33 crore. BSE is the market leader in this segment with a market share of 100 percent.
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in delivery-based futures contract in gold (1 kg) and silver (30 kg).
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
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