Fixed Price IPO | ₹30 Cr | Listed at NSE SME | Thu, Mar 28, 2024 - Thu, Apr 4, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 28, 2024
IPO Close
Thu, Apr 4, 2024
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹111.81 Cr
| IPO Date | 28 Mar to 4 Apr, 2024 |
| Listed on | Tue, Apr 9, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 66,00,000 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 3,30,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 62,70,000 shares (agg. up to ₹28 Cr) |
| Net Offered to Public | 62,70,000 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 1,82,47,420 shares |
| Share Holding Post Issue | 2,48,47,420 shares |
| NSE Symbol | ALUWIND |
| ISIN | INE0STM01017 |
Aluwind Architectural IPO comprises a total issue size of 66,00,000 shares. The net offer to the public is 62,70,000 shares, after excluding 3,30,000 shares allotted on a firm basis. Of the Net offer 31,35,000 (50.00%) allocated to NII 31,35,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 31,35,000 | 50.00% | 47.50% |
| Retail Shares Offered | 31,35,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,30,000 | 5.00% | |
| Total Shares Offered | 66,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 49.07 | 40.87 | 32.33 | 21.78 |
| Total Income | 41.43 | 49.01 | 29.25 | 21.39 |
| Profit After Tax | 3.73 | 2.70 | 0.79 | 0.77 |
| NET Worth | 20.70 | 17.03 | 14.30 | 10.41 |
| Reserves and Surplus | 18.16 | 14.49 | 14.18 | 10.31 |
| Total Borrowing | 9.94 | 7.08 | 6.39 | 4.36 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Working Capital requirements | 20.45 |
| 2 | General Corporate Expenses | 6.50 |
| KPI | Sep 30, 2024 |
|---|---|
| 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 (₹) | 1.48 | 3.00 |
| P/E (x) | 30.41 | 15 |
| Promoter Holding | 98.22% | 72.13% |
| Market Cap | ₹111.81 Cr. |
The Aluwind Architectural IPO is subscribed 8.19 times on April 4, 2024 6:22:03 PM (Day 5). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 5.23 | 31,35,000 | 1,63,95,000 |
| Retail | 10.71 | 31,35,000 | 3,35,85,000 |
| Total | 8.19 | 62,70,000 | 5,13,42,000 |
Total Application : 11,195
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management Expenses (including Lead Manager Fees, Underwriter Fees, Legal Advisors, Market Maker, Registrar, etc.) | 2.05 |
| 2 | Advertising and Marketing Expenses | 0.40 |
| 3 | Regulatory and other fees | 0.05 |
| 4 | Printing, Stationery and Postage | 0.10 |
| 5 | Other Expenses (including Peer Review Auditor, Issue Related Certifications and Confirmations, Our of Pocket Expenses, Bankers to the Issue, etc.) | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.00 |
| Low | ₹45.00 |
| High | ₹47.25 |
| Last Trade | ₹47.25 |
Lead Manager Reports
Aluwind Architectural IPO is a SME IPO of 66,00,000 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Mar 28, 2024, and closes on Thu, Apr 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 Thu, Mar 28, 2024 and closes on Thu, Apr 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 Mon, Apr 8, 2024. Check the Aluwind Architectural IPO allotment status.
The Aluwind Architectural IPO listing date is on Tue, Apr 9, 2024.
