Aluwind Architectural IPO vs K2 Infragen IPO

Comparision between Aluwind Architectural IPO and K2 Infragen IPO.

IPO Details

Aluwind Architectural IPO is a SME Book Built Issue IPO proposed to list at NSE SME while K2 Infragen IPO is a SME Book Built Issue proposed to list at NSE SME.

	Aluwind Architectural IPO	K2 Infragen IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Corpwis Advisors Private Limited	Expert Global Consultants Private Limited
Registrar	Skyline Financial Services Private Ltd	Kfin Technologies Limited
Market Maker	Nnm Securities Private Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aluwind Architectural IPO is up to ₹29.70 Cr whereas the issue size of the K2 Infragen IPO is up to ₹40.54 Cr. The final issue price of Aluwind Architectural IPO is ₹45.00 per share and of K2 Infragen IPO is ₹119.00 per share.

	Aluwind Architectural IPO	K2 Infragen IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹111.00 per share
Issue Price (Upper)		₹119.00 per share
Issue Price (Final)	₹45.00 per share	₹119.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	66,00,000 shares	34,06,800 shares
Fresh Issue Size (Amount)	up to ₹29.70 Cr	up to ₹40.54 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	66,00,000 shares	34,06,800 shares
Issue Size Total (Amount)	up to ₹29.70 Cr	up to ₹40.54 Cr

IPO Timetable

Aluwind Architectural IPO opens on Mar 28, 2024, while K2 Infragen IPO opens on Mar 28, 2024. The closing date of Aluwind Architectural IPO and K2 Infragen IPO is Apr 04, 2024, and Apr 03, 2024, respectively.

	Aluwind Architectural IPO	K2 Infragen IPO
Anchor Bid Date		Mar 27, 2024
Issue Open	Mar 28, 2024	Mar 28, 2024
Issue Close	Apr 04, 2024	Apr 03, 2024
Basis Of Allotment (Tentative)	Apr 05, 2024	Apr 04, 2024
Initiation of Refunds (Tentative)	Apr 08, 2024	Apr 05, 2024
Credit of Share (Tentative)	Apr 08, 2024	Apr 05, 2024
Listing date (Tentative)	Apr 09, 2024	Apr 08, 2024
Anchor Lockin End date 1		May 04, 2024
Anchor Lockin End date 2		Jul 03, 2024

Financials

Aluwind Architectural IPO P/E ratio is 30.41, as compared to K2 Infragen IPO P/E ratio of 9.68.

Aluwind Architectural IPO

K2 Infragen IPO

Financial

Aluwind Architectural Limited Financial Information (Restated)

Aluwind Architectural Limited 's revenue increased by 67.54% and profit after tax (PAT) rose by 242.7% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,907.14	4,086.53	3,232.74	2,177.73
Revenue	4,142.97	4,900.62	2,925.13	2,139.29
Profit After Tax	372.83	270.05	78.80	76.92
Net Worth	2,069.53	1,702.56	1,429.87	1,041.33
Reserves and Surplus	1,816.09	1,449.13	1,417.80	1,030.56
Total Borrowing	993.98	707.52	638.92	436.06
Amount in ₹ Lakhs

K2 Infragen Limited Financial Information (Restated Consolidated)

K2 Infragen Limited's revenue increased by 103.25% and profit after tax (PAT) rose by 463.79% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,378.79	5,690.40	2,591.14	2,220.52
Revenue	5,967.98	7,490.08	3,685.20	3,568.05
Profit After Tax	607.45	1,132.32	-311.26	22.49
Net Worth	2,535.32	1,392.45	133.84	115.49
Reserves and Surplus	1,611.24	1,165.10	-96.26	-46.56
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.22%

55.29%

Promoter Shareholding (Post-Issue)

72.13%

40.36%

P/E Ratio

30.41

9.68

Market Cap

₹111.81 Cr.

₹150.16 Cr.

ROE

19.77%%

23.96%%

ROCE

24.55%%

19.91%%

Debt/Equity

0.48

0.87

EPS

₹1.48

₹12.29

RoNW

19.77%%

23.9%%

Shares Offered

In the Aluwind Architectural IPO retail investors (RII) are offered 31,35,000 shares while in K2 Infragen IPO retail investors are offered 31,35,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Aluwind Architectural IPO and 6,31,200 shares in K2 Infragen IPO.

	Aluwind Architectural IPO	K2 Infragen IPO
Anchor Investor Reserveration		9,46,800 shares
Market Maker Reserveration	3,30,000 shares	2,49,600 shares
QIB	0 shares	6,31,200 shares
NII	31,35,000 shares	4,74,000 shares
RII	31,35,000 shares	11,05,200 shares
Employee	0 shares	0 shares
Others
Total	62,70,000 shares	22,10,400 shares

Bids Received (Subscription)

Aluwind Architectural IPO subscribed 8.19x in total, whereas K2 Infragen IPO subscribed 51.47x.

	Aluwind Architectural IPO	K2 Infragen IPO
QIB (times)		23.37x
NII (times)	5.23x	113.98x
Big NII (times)
Small NII (times)
RII (times)	10.71x	40.70x
Employee (times)
Other (times)
Total (times)	8.19x	51.47x

Compare with others

Aluwind Architectural IPO	K2 Infragen IPO
Ramdevbaba Solvent IPO	Finelistings Technologies IPO
Teerth Gopicon IPO	Ramdevbaba Solvent IPO
DCG Cables & Wires IPO	Teerth Gopicon IPO
Creative Graphics Solutions India IPO	DCG Cables & Wires IPO
K2 Infragen IPO	Creative Graphics Solutions India IPO
Jay Kailash Namkeen IPO	Aluwind Architectural IPO
Yash Optics & Lens IPO	Jay Kailash Namkeen IPO
GConnect Logitech IPO	Yash Optics & Lens IPO
TAC Infosec IPO	GConnect Logitech IPO
Radiowalla IPO	TAC Infosec IPO

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