Exhibit 4.2 


 


	NUMBER	 	SHARES
	C-	 	 


 


SEE REVERSE FOR CERTAIN DEFINITIONS


 


CUSIP G0232F 109 


 


ALCHEMY INVESTMENTS ACQUISITION CORP 1


 


CLASS A ORDINARY SHARES 


 


THIS CERTIFIES THAT                  is the owner of                    Class
A ordinary shares, par value $0.0001 per share (each, a “Class A Ordinary Share”), of Alchemy Investments Acquisition
Corp 1, a Cayman Islands exempted company (the “Company”), transferable on the books of the Company in person
or by duly authorized attorney upon surrender of this certificate properly endorsed.


 


This certificate is not valid unless countersigned
by the Transfer Agent and registered by the Registrar of the Company.


 


Witness the facsimile signature of a duly authorized
signatory of the Company.


 


	Authorized Signatory	 	Transfer Agent
	 	 	 
	 	 	 


 






     


     


    

 


Alchemy Investments Acquisition Corp 1


 


The Company will furnish without charge to each
shareholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional or other special
rights of each class of equity or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences
and/or rights. This certificate and the shares represented thereby are issued and shall be held subject to all the provisions of the Amended
and Restated Memorandum and Articles of Association of the Company and all amendments thereto and resolutions of the Board of Directors
providing for the issue of securities (copies of which may be obtained from the secretary of the Company), to all of which the holder
of this certificate by acceptance hereof assents.


 


The following abbreviations, when used in the inscription
on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:


 


	TEN COM	— 	as tenants in common	 	UNIF GIFT MIN ACT —	 		Custodian	 	 
	 	 	 	 	 	(Cust)	 	(Minor)___	
	 	 	 	 	 	 	 	 	 
	TEN ENT	— 	as tenants by the entireties	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	Under Uniform Gifts to Minors Act  
	 	 	 	 	 	 
	JT TEN	— 	 as joint tenants with right of survivorship and not as tenants in common	 	 	 	(State)


 


Additional abbreviations may also be used though
not in the above list.


 


For value received, hereby sells, assigns and
transfers unto


 


(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING
NUMBER(S) OF ASSIGNEE(S))


 


(PLEASE PRINT OR TYPEWRITE NAME(S) AND ADDRESS(ES),
INCLUDING ZIP CODE, OF ASSIGNEE(S))


 


Class A Ordinary Shares represented by the within
certificate, and do hereby irrevocably constitute and appoint 


Attorney to transfer the said Class
A Ordinary Shares on the books of the within named Company with full power of substitution in the premises. 


 


Dated 


 


	 	 	 
	 	Notice:	The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.


 


	Signature(s) Guaranteed:	 
	 	 
	 	 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE)).	 



 






     


     


    

 


As more fully described in, and subject to the
terms and conditions described in, the Company’s final prospectus for its initial public offering dated               ,2022 , the holder(s)
of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account established in connection
with the Company’s initial public offering in the event that (i) the Company redeems the Class A Ordinary Shares sold in its initial
public offering and liquidates because it does not consummate an initial business combination within the time period set forth in the
Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time (the “Articles”),
or (ii) the holder(s) properly redeem for cash his, her or its respective Class A Ordinary Shares represented by this certificate in connection
with (x) the completion of a proposed initial business combination or (y) a shareholder vote to amend the Articles (A) to modify the substance
or timing of the Company’s obligation to allow redemption in connection with its initial Business Combination or to redeem 100%
of the Class A Ordinary Shares if it does not consummate an initial Business Combination within the time set forth in the Articles, or
(B) with respect to any other material provisions relating to shareholders’ rights or pre-initial Business Combination activity.
In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.