Aluwind Architectural IPO is a fixed price issue of Rs 29.70 crores. The issue is entirely a fresh issue of 66 lakh shares.
Aluwind Architectural IPO opens for subscription on March 28, 2024 and closes on April 4, 2024. The allotment for the Aluwind Architectural IPO is expected to be finalized on Friday, April 5, 2024. Aluwind Architectural IPO will list on NSE SME with tentative listing date fixed as Tuesday, April 9, 2024.
Aluwind Architectural IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.
Corpwis Advisors Private Limited is the book running lead manager of the Aluwind Architectural IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Aluwind Architectural IPO is Nnm Securities.
Refer to Aluwind Architectural IPO RHP for detailed information.
Aluwind Architectural IPO Details
| IPO Date | March 28, 2024 to April 4, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,600,000 shares (aggregating up to ₹29.70 Cr) |
| Fresh Issue | 6,600,000 shares (aggregating up to ₹29.70 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,247,420 |
| Share holding post issue | 24,847,420 |
| Market Maker portion | 330,000 shares Nnm Securities |
Aluwind Architectural IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Aluwind Architectural IPO Timeline (Tentative Schedule)
Aluwind Architectural IPO opens on March 28, 2024, and closes on April 4, 2024.
| 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 confirmation | 5 PM on April 4, 2024 |
Aluwind Architectural IPO Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |
| Lot Size Calculator | |||
Aluwind Architectural IPO Promoter Holding
The promoters of the company are Mr. Murli Manohar Ramshankar Kabra, Mr. Rajesh Kabra, Mr. Jagmohan Ramshankar Kabra and Jagmohan Kabra HUF
| Share Holding Pre Issue | 98.22% |
| Share Holding Post Issue | 72.13% |
About Aluwind Architectural Limited
Incorporated in April 2003, Aluwind Architectural Limited operates in the segment of manufacturing and installing a diverse range of aluminium products. This includes windows, doors, curtain walls, cladding, and glazing systems, all meticulously crafted to meet the unique needs of architects, consultants, builders, institutions, and corporations.
The company has expanded its market presence, selling products in various cities across India including Mumbai, Pune, Bangalore and Hyderabad, demonstrating a wide reach and commitment to serve 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 one manufacturing unit located in Pune, Maharastra.
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 Financial Information (Restated)
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 |
| Revenue | 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 | ||||
Key Performance Indicator
The market capitalization of Aluwind Architectural IPO is Rs 111.81 Cr.
KPI as of September 30, 2024.
| KPI | Values |
|---|---|
| ROE | 19.77% |
| ROCE | 24.55% |
| Debt/Equity | 0.48 |
| RoNW | 19.77% |
| P/BV | 5.4 |
| PAT Margin (%) | 9.01 |
Check Aluwind Architectural IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.48 | 3 |
| P/E (x) | 30.41 | 15 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Aluwind Architectural IPO Objectives)
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 Contact Details
Aluwind Architectural Limited
604, Palm Spring Centre
Link Road, Malad (West)
Mumbai City, Mumbai – 400064
Phone: 022- 35135036
Email: compliance@aluwind.net
Website: https://www.aluwind.net/
Aluwind Architectural IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php