22-Mar-2024
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Aluwind Architectural IPO is open for subscription starting Thursday, March 28, 2024, and closing on Thursday, April 4, 2024. The price of this upcoming IPO is decided at Rs 45 per share. The minimum lot size of this application for the retail category is 3000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 6000 shares. The minimum amount of investment required for retail category investors is Rs 1,35,000 (45 x 3000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,70,000 (45 x 6000 shares). Aluwind Architectural IPO is a book-built issue of Rs 29.70 crores. This upcoming IPO issue is completely a fresh issue of 66 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Friday, April 5, 2024. Aluwind Architectural IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, April 9, 2024. The book-running lead manager of Aluwind Architectural IPO is Corpwis Advisors Private Limited. The registrar for this IPO is Skyline Financial Services Private Limited. The market maker of this IPO is Nm Securities.
About Aluwind Architectural Limited
Aluwind Architectural incorporated in April 2003, manufactures and instals a diverse range of aluminium products. The product portfolio includes, windows, doors, curtain walls, cladding and glazing system. Company had an operating history spanning over many years. Company operates from a cutting edge 45000 sq.ft facility in Pune. The infrastructure and advanced machinery including a power coating facility and CNC machines. Specialised machines such as two part pumps for glazing, contribute to the company’s unique offerings. Company also maintains a display centre and goods storage premise in Pune. Aluwind Architectural has expanded its market presence by selling products into various cities across India, including Mumbai, Pune, Bangalore and Hyderabad.
Objectives of Aluwind Architectural IPO
The funds received from this issue will be used to cover the working capital requirements of the company. Other than this, proceeds will be utilised for general corporate purposes like making and financing of any payment, capital expenditure etc.
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Financials of Aluwind Architectural Limited (Amt in Rs Lakhs)
Aluwind Architectural posted a revenue of Rs 4,142.97 and net profit of Rs 372.83 for the quarter ended on 30 September 2023. The revenue increased by 67.54% and PAT increased by 242.7% between the FY ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 78.8 | 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 |
Other Important Details of Aluwind Architectural IPO
| IPO Date | March 28, 2024 to April 4, 2024 |
| Listing Date | 9-Apr-24 |
| Face Value | Rs 10 per share |
| Price | Rs 45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,600,000 shares amounting to Rs 29.70 crore |
| Fresh Issue | 6,600,000 shares amounting to Rs 29.70 crore |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 18,247,420 |
| Shareholding post issue | 24,847,420 |
| Market Maker portion | 330,000 shares |
Time-Table of Aluwind Architectural IPO
| 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 | 5 PM on April 4, 2024 |
Lot Size of Aluwind Architectural IPO
| Application | Lots | Shares | Amount |
| Retail - Minimum | 1 | 3000 | Rs 135,000 |
| Retail - Maximum | 1 | 3000 | Rs 135,000 |
| HNI - Minimum | 2 | 6,000 | Rs 270,000 |
IPO Reservation of Aluwind Architectural Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Key Performance Indicator of Aluwind Architectural Limited IPO
| KPI | Values |
| ROE | 19.77% |
| ROCE | 24.55% |
| Debt/Equity | 0.48 |
| RoNW | 19.77% |
| P/BV | 5.4 |
| PAT Margin | 9.01% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.48 | 3 |
| P/E | 30.41 | 15 |
Promoters of Aluwind Architectural Limited and Their Holdings
The promoters of Aluwind Architectural company are Murli Manohar Ramshankar Kabra, Rajesh Kabra, Jagmohan Ramshankar Kabra and Jagmohan Kabra HUF.
| Shareholding Pre Issue | 98.22 percent |
| Shareholding Post Issue | 72.13 percent |
Lead Manager(s) of Aluwind Architectural IPO
The lead manager for Aluwind Architectural IPO is Corpwis Advisors Private Limited.
How do you apply for the Aluwind Architectural IPO?
Wait for the public issue to open for subscription, then click here to apply for the Aluwind Architectural Limited IPO with Bigul.
How do you check the allotment status of Aluwind Architectural IPO?
The registrar for Aluwind Architectural IPO is Skyline Financial Services Private Limited. To check your allotment status, please click here.
FAQs
- What is Aluwind Architectural IPO?
Aluwind Architectural IPO is a book-built issue of Rs 29.70 crores. This upcoming IPO issue is completely a fresh issue of 66 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Friday, April 5, 2024.
- Who are the lead managers for the Aluwind Architectural Limited IPO?
Corpwis Advisors Private Limited is appointed as the lead manager for the IPO.
- What is the role of Skyline Financial Services Private Limited in this IPO?
Skyline Financial Services Private Limited is the registrar for Aluwind Architectural Limited, handling the IPO's administrative aspects.
- How can I apply for the Aluwind Architectural IPO?
The public subscription of this new IPO will open on March 28, 2024. Click here to initiate the application process.
- How will the net proceeds from the IPO be utilised?
The funds received from this issue will be used to cover the working capital requirements of the company. Other than this, proceeds will be utilised for general corporate purposes like making and financing of any payment, capital expenditure etc.
- How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Aluwind Architectural Limited IPO 2024 by visiting here.
- What is the financial performance of Aluwind Architectural Limited?
Aluwind Architectural posted a revenue of Rs 4,142.97 and net profit of Rs 372.83 for the quarter ended on 30 September 2023. The revenue increased by 67.54% and PAT increased by 242.7% between the FY ending with March 31, 2023 and March 31, 2022.
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