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Aluwind Architectural IPO is a fixed price issue of Rs 29.70 crores. The issue is entirely a fresh issue of 66 lakh shares.
Aluwind Architectural IPO bidding started from March 28, 2024 and ended on April 4, 2024. The allotment for Aluwind Architectural IPO was finalized on Friday, April 5, 2024. The shares got listed on NSE SME on April 9, 2024.
Aluwind Architectural IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.
Corpwis Advisors Private Limited is the book running lead manager of the Aluwind Architectural IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Aluwind Architectural IPO is Nnm Securities.
Refer to Aluwind Architectural IPO RHP for detailed information.
| IPO Date | March 28, 2024 to April 4, 2024 |
| Listing Date | April 9, 2024 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,600,000 shares (aggregating up to ₹29.70 Cr) |
| Fresh Issue | 6,600,000 shares (aggregating up to ₹29.70 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,247,420 |
| Share holding post issue | 24,847,420 |
| Market Maker portion | 330,000 shares Nnm Securities |
Aluwind Architectural IPO offers 6,600,000 shares. 3,135,000 (47.50%) to NII, 3,135,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 330,000 (5.00%) |
| Other Shares Offered | 3,135,000 (47.50%) |
| Retail Shares Offered | 3,135,000 (47.50%) |
| Total Shares Offered | 6,600,000 (100%) |
Aluwind Architectural IPO opens on March 28, 2024, and closes on April 4, 2024.
| IPO Open Date | Thursday, March 28, 2024 |
| IPO Close Date | Thursday, April 4, 2024 |
| Basis of Allotment | Friday, April 5, 2024 |
| Initiation of Refunds | Monday, April 8, 2024 |
| Credit of Shares to Demat | Monday, April 8, 2024 |
| Listing Date | Tuesday, April 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 4, 2024 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Murli Manohar Ramshankar Kabra, Mr. Rajesh Kabra, Mr. Jagmohan Ramshankar Kabra and Jagmohan Kabra HUF
| Share Holding Pre Issue | 98.22% |
| Share Holding Post Issue | 72.13% |
Incorporated in April 2003, Aluwind Architectural Limited manufactures and installs a diverse range of aluminium products. These include windows, doors, curtain walls, cladding, and glazing systems, all meticulously crafted to meet architects, consultants, builders, institutions, and corporations' unique needs.
The company has expanded its market presence, selling products in various cities across India, including Mumbai, Pune, Bangalore, and Hyderabad. This demonstrates a wide reach and commitment to serving customers nationwide.
The company's profits after tax for FY21, FY22, FY23, and H1 FY23 were INR 76.92L, INR 78.80L, INR 270.05L, and INR 372.83L, respectively.
The company has a manufacturing unit located in Pune, Maharastra spread across an area of 45000 square foot.
The company's clientele includes real estate developers such as L&T and Birla, which helps them to bag diverse projects through competitive bidding.
As of September 30, 2023, the company had 178 permanent employees. The company regularly trains its employees to increase operational excellence, improve productivity, and maintain compliance standards on quality and safety.
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 | ||||
The market capitalization of Aluwind Architectural IPO is Rs 111.81 Cr.
KPI as of September 30, 2024.
| KPI | Values |
|---|---|
| ROE | 19.77% |
| ROCE | 24.55% |
| Debt/Equity | 0.48 |
| RoNW | 19.77% |
| P/BV | 5.4 |
| PAT Margin (%) | 9.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.48 | 3 |
| P/E (x) | 30.41 | 15 |
The Company proposes to utilize the funds which are being raised towards funding the following objects and achieve the benefits of listing on the Emerge Platform of NSE:
[Dilip Davda] The company is engaged in the manufacturing and marketing of aluminium products primarily used for façade fenestration. It marked quantum jump in its bottom lines from FY23 onwards. Based on FY24 annualized super earnings, the issue appears fully priced. It operates in a highly competitive and fragmented segments. Well-informed investors may park moderate funds for the medium to long term rewards. Read detail review...
The Aluwind Architectural IPO is subscribed 8.19 times on April 4, 2024 6:22:03 PM. The public issue subscribed 10.71 times in the retail category, times in the QIB category, and 5.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 5.23 |
| Retail | 10.71 |
| Total | 8.19 |
Total Application : 11,195 (10.71 times)
| Listing Date | April 9, 2024 |
| BSE Script Code | |
| NSE Symbol | ALUWIND |
| ISIN | INE0STM01017 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹45.00 |
| ₹45.00 |
| ₹45.00 |
| ₹47.25 |
| ₹47.25 |
Aluwind Architectural Limited
604, Palm Spring Centre
Link Road, Malad (West)
Mumbai City, Mumbai - 400064
Phone: 022- 35135036
Email: compliance@aluwind.net
Website: https://www.aluwind.net/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Aluwind Architectural IPO is a SME IPO of 6,600,000 equity shares of the face value of ₹10 aggregating up to ₹29.70 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.
The IPO opens on March 28, 2024, and closes on April 4, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Aluwind Architectural IPO using UPI as a payment gateway. Zerodha customers can apply in Aluwind Architectural IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aluwind Architectural IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aluwind Architectural IPO opens on March 28, 2024 and closes on April 4, 2024.
Aluwind Architectural IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in Aluwind Architectural IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Aluwind Architectural IPO will be done on Friday, April 5, 2024, and the allotted shares will be credited to your demat account by Monday, April 8, 2024. Check the Aluwind Architectural IPO allotment status.
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