Aluwind Architectural Limited IPO Detail
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.
Company Promoters
Mr. Murli Manohar Ramshankar Kabra, Mr. Rajesh Kabra, Mr. Jagmohan Ramshankar Kabra and Jagmohan Kabra HUFIPO Details
| IPO Opening Date | Mar 28, 2024 |
| IPO Closing Date | Apr 04, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹29.70 Cr |
| Fresh Issue | ₹29.70 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.34x | 0.41x | 0.38x |
| Day 2 | 0.00x | 0.00x | 0.00x | 0.34x | 0.98x | 0.66x |
| Day 3 | 0.00x | 0.00x | 0.00x | 0.48x | 1.78x | 1.13x |
| Day 4 | 0.00x | 0.00x | 0.00x | 0.76x | 2.99x | 1.87x |
| Day 5 | 0.00x | 0.00x | 0.00x | 5.23x | 10.71x | 8.19x |
IPO Tentative Timetable
The Aluwind Architectural Limited IPO open date is Mar 28, 2024, and the close date is Apr 04, 2024. The issue may list on Apr 09, 2024.
| IPO Open Date | Mar 28, 2024 |
| IPO Close Date | Apr 04, 2024 |
| Basis of Allotment Date | Apr 05, 2024 |
| Initiation of Refunds | Apr 08, 2024 |
| Credit of Shares to Demat Account | Apr 08, 2024 |
| IPO Listing Date | Apr 09, 2024 |
IPO Lot Size
The Aluwind Architectural Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹135000 |
| Maximum | 1 | 3000 | ₹135000 |
IPO Promoter Holding
| Pre Issue Share Holding | 98.22% |
| Post Issue Share Holding | 72.13% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2177.73 | 2139.29 | 76.92 |
| 31-Mar-22 | 3232.74 | 2925.13 | 78.80 |
| 31-Mar-23 | 4086.53 | 4900.62 | 270.05 |
| 30-Sep-23 | 4907.14 | 4142.97 | 372.83 |
Objects of the Issue:
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:
- Funding of working capital requirements of the Company
- General Corporate Expenses
Aluwind Architectural Limited IPO Registrar:
Skyline Financial Services Private Ltd
Aluwind Architectural Limited IPO Lead Manager(s):
Corpwis Advisors Private Limited
Company Contact Information:
Aluwind Architectural Limited
604, Palm Spring Centre
Link Road, Malad (West)
Mumbai City, Mumbai - 400064
