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Aluwind Architectural IPO vs K2 Infragen IPO

Comparison between Aluwind Architectural IPO and K2 Infragen IPO.

IPO Details

Aluwind Architectural IPO is a SME Bookbuilding IPO proposed to list at NSE SME while K2 Infragen IPO is a SME Bookbuilding proposed to list at NSE SME.

 Aluwind Architectural IPOK2 Infragen IPO
LogoAluwind Architectural IPO LogoK2 Infragen IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersCorpwis Advisors Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerNNM Securities Pvt.Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aluwind Architectural IPO is up to ₹28.22 Cr whereas the issue size of the K2 Infragen IPO is up to ₹37.57 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 IPOK2 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)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1200 shares
Fresh Issue Size62,70,000 shares31,57,200 shares
Fresh Issue Size (Amount)up to ₹28.22 Crup to ₹37.57 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total62,70,000 shares31,57,200 shares
Issue Size Total (Amount)up to ₹28.22 Crup to ₹37.57 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 IPOK2 Infragen IPO
Anchor Bid DateMar 27, 2024
Issue OpenMar 28, 2024Mar 28, 2024
Issue CloseApr 04, 2024Apr 03, 2024
Basis Of Allotment (Tentative)Apr 05, 2024Apr 04, 2024
Initiation of Refunds (Tentative)Apr 08, 2024Apr 05, 2024
Credit of Share (Tentative)Apr 08, 2024Apr 05, 2024
Listing date (Tentative)Apr 09, 2024Apr 08, 2024
Anchor Lockin End date 1May 04, 2024
Anchor Lockin End date 2Jul 03, 2024

Financials & KPIs

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

 Aluwind Architectural IPOK2 Infragen IPO
Financials

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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,907.144,086.533,232.742,177.73
Total Income4,142.974,900.622,925.132,139.29
Profit After Tax372.83270.0578.8076.92
Net Worth2,069.531,702.561,429.871,041.33
Reserves and Surplus1,816.091,449.131,417.801,030.56
Total Borrowing993.98707.52638.92436.06
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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,378.795,690.402,591.142,220.52
Total Income5,967.987,490.083,685.203,568.05
Profit After Tax607.451,132.32-311.2622.49
Net Worth2,535.321,392.45133.84115.49
Reserves and Surplus1,611.241,165.10-96.26-46.56
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)98.2255.29
Promoter Shareholding (Post-Issue)72.1340.36
P/E Ratio30.419.68
Market Cap₹111.81 Cr.₹150.16 Cr.
ROE19.77%23.96%
ROCE24.55%19.91%
Debt/Equity0.480.87
EPS₹1.48₹12.29
RoNW19.77%23.9%

Shares Offered

In the Aluwind Architectural IPO Retail Individual 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 in Aluwind Architectural IPO and 6,31,200 shares in K2 Infragen IPO.

 Aluwind Architectural IPOK2 Infragen IPO
Anchor Investor Reserveration9,46,800 shares
Market Maker Reserveration3,30,000 shares2,49,600 shares
QIB6,31,200 shares
NII31,35,000 shares4,74,000 shares
RII31,35,000 shares11,05,200 shares
Employee
Others
Total62,70,000 shares31,57,200 shares

Bids Received (Subscription)

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

 Aluwind Architectural IPOK2 Infragen IPO
QIB (times)23.37x
NII (times)5.23x113.98x
Big NII (times)
Small NII (times)
RII (times)10.71x40.70x
Employee (times)
Other (times)
Total (times)8.19x51.47x