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Aluwind Architectural IPO is a fixed price issue of ₹29.70 crores. The issue is entirely a fresh issue of 0.66 crore shares of ₹29.70 crore.
Aluwind Architectural IPO bidding started from Mar 28, 2024 and ended on Apr 4, 2024. The allotment for Aluwind Architectural IPO was finalized on Apr 5, 2024. The shares got listed on NSE SME on Apr 9, 2024.
Aluwind Architectural IPO price is ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Corpwis Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 66,00,000 shares (aggregating up to ₹29.70 Cr) |
| Reserved for Market Maker | 3,30,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹1.49 Cr) |
| Net Offered to Public | 62,70,000 shares (aggregating up to ₹28.22 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,82,47,420 shares |
| Share Holding Post Issue | 2,48,47,420 shares |
Aluwind Architectural IPO offers total 66,00,000 shares. Out of which 31,35,000 (47.50%) allocated to NII, 31,35,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,30,000 (5.00%) |
| NII (HNI) Shares Offered | 31,35,000 (47.50%) |
| Retail Shares Offered | 31,35,000 (47.50%) |
| Total Shares Offered | 66,00,000 (100.00%) |
Aluwind Architectural IPO opens on March 28, 2024, and closes on April 4, 2024.
| IPO Open Date | Thu, Mar 28, 2024 |
| IPO Close Date | Thu, Apr 4, 2024 |
| Tentative Allotment | Fri, Apr 5, 2024 |
| Initiation of Refunds | Mon, Apr 8, 2024 |
| Credit of Shares to Demat | Mon, Apr 8, 2024 |
| Tentative Listing Date | Tue, Apr 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 4, 2024 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹111.81 Cr.
KPI as of Mon, Sep 30, 2024.
| KPI | Values |
|---|---|
| ROE | 19.77% |
| ROCE | 24.55% |
| Debt/Equity | 0.48 |
| RoNW | 19.77% |
| PAT Margin | 9.01% |
| Price to Book Value | 5.40 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.48 | 3.00 |
| 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...
| Listing Date | April 9, 2024 |
| BSE Script Code | |
| NSE Symbol | ALUWIND |
| ISIN | INE0STM01017 |
| Final Issue Price | ₹45 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.00 |
| Low | ₹45.00 |
| High | ₹47.25 |
| Last Trade | ₹47.25 |
Aluwind Architectural Ltd.
604, Palm Spring Centre
Link Road,
Malad (West)
Mumbai, Maharashtra, 400064
Phone: 022- 35135036
Email: compliance@aluwind.net
Website: https://www.aluwind.net/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Aluwind Architectural IPO is a SME IPO of 66,00,000 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.
The IPO opens on March 28, 2024, and closes on April 4, 2024.
Skyline Financial Services Pvt.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, and the minimum amount required for application is ₹1,35,000.
You can apply in Aluwind Architectural IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Aluwind Architectural IPO listing date is on Tuesday, April 9, 2024.
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