Archit Nuwood Industries IPO: Key Highlights of Upcoming IPO

• Archit Nuwood Industries IPO is a book-built issue worth up to Rs 168.48 crores.
• Bidding opens on August 30 and closes on September 3, 2024.
• Archit Nuwood Industries SME IPO price band set at Rs 257 – Rs 270 per share.
• The minimum amount required for retail investors is Rs 1,08,000.

Archit Nuwood Industries IPO: Synopsis

Archit Nuwood Industries is open for subscription from Friday, August 30, 2024, and closes on Tuesday, September 3, 2024. The price band for this IPO is set at Rs 257 – Rs 270 per share.

Archit Nuwood Industries’ IPO is offering entirely a fresh issue of 62.40 lakh of equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, September 4, 2024. The listing of this IPO will be done on Friday, September 6, 2024, at BSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 400 shares. For retail investors, the minimum and maximum investment amount required is Rs 108,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 800 shares amounting to Rs 216,000.

The IPO is managed by Share India Capital Services Private Limited, which is the book-running lead manager of this public issue. The company has appointed Maashitla Securities Private Limited as the registrar for the issue.

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Archit Nuwood Industries Limited: About the Company

Archit Nuwood Industries Limited was incorporated as a Private Limited Company in the year 2017 and is mainly engaged in the manufacture of MDF or Medium Density Fiberboard and HDF or High-Density Fiberboard boards, and pre-laminated boards of various designs.

The company's product mix includes Pre-laminated interior and exterior grade MDF, Plain interior and exterior grade MDF, Pre-laminated HDF, Plain HDF and both Plain/Pre-laminated California Air Resources Board-compliant panels. Archit Nuwood also offers High Pressure Laminate (HPL) boards.

As of April 26, 2024, the total number of persons employed by Archit Nuwood Industries Limited at its operations was 149, inclusive of directors.

Archit Nuwood Industries IPO: Objectives

The company intends to utilise the funding to make investments in Archit Panels Private Limited, a wholly-owned subsidiary and for general corporate purpose.

Archit Nuwood Industries IPO: Other Important Details

Time Table of Archit Nuwood Industries IPO

Archit Nuwood Industries IPO: Financial Metrics (Amt in Rs Lakhs)

Minimum Investment: Lot Size Details

Promoters of Archit Nuwood Industries Limited and Their Holdings

The company's promoters are Mr. Prem Chand, Mr.Vinod Kumar Singla, and Mr. Vineet Kumar. The promoter(s) collectively held 93.92% of the company's shares. However, post-IPO, their combined shareholding will be 69.15%.

FAQs

1. What are the core details available for the Archit Nuwood Industries IPO?

Archit Nuwood Industries IPO is a Book-built public issue of 62.40 lakh equity shares. This upcoming IPO is offering entirely a fresh issue of 62.40 lakh equity shares worth up to Rs 168.48 crores. The allotment for this new IPO is expected to be finalised on Wednesday, September 4, 2024.

2. How can I apply for the Archit Nuwood Industries IPO?

The public subscription of this new IPO opens on August 30 and closes on September 3, 2024. Click here to initiate the application process.

3. Who is the lead manager(s) for the Archit Nuwood Industries IPO?

Share India Capital Services Private Limited was appointed as the book-running lead manager for the IPO.

4. Who is appointed as the registrar for this IPO?

Maashitla Securities Private Limited has been appointed as the registrar for this public issue.

5. How will the net proceeds from the IPO be utilised?

The company intends to utilise the funding to make investments in Archit Panels Private Limited, a wholly-owned subsidiary and for general corporate purpose.

6. How can I check the allotment status of the IPO?

Investors who applied for an IPO can check the allotment status of the Archit Nuwood Industries IPO by visiting here, for further updates, follow Bigul.

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