IPO

Aluwind Architectural Limited IPO

NSE SME

Listed On: Apr 9, 2024 at ₹ 45.0

₹ 270000 /6000 Shares
*Min Investment

Check Allotment

28 Mar, 2024

Open Date

04 Apr, 2024

Close Date

05 Apr, 2024

Allotment Date

09 Apr, 2024

Listing Date
Aluwind Architectural Limited IPO Issue Details
  • Issue Price ₹45 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 66,00,000 shares(aggregating up to ₹29.7 crore)
  • Fresh Share 66,00,000 shares(aggregating up to ₹29.7 crore)
  • Listing at NSE SME
  • List Price 45.0
  • Listing Date 2024-04-09
  • Lead Manager Corpwis Advisors Private Limited
  • Registrar Skyline Financial Services Private Ltd
Market Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)13000₹1,35,000
Retail(max)13000₹1,35,000
NII (min) 26000₹2,70,000
Aluwind Architectural Limited IPO Reservation

Aluwind Architectural Limited IPO offers total 6,600,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,3,135,000 (47.5%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered330,000 (5%)
Retail Shares Offered3,135,000 (47.5%)
Total Shares Offered6,600,000 (100%)
Aluwind Architectural Limited IPO Documents
DRHP
RHP
Aluwind Architectural Limited IPO Details


Aluwind Architectural Limited IPO is an SME IPO, priced at ₹45 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 66,00,000 equity shares, aggregating up to ₹29.7 crores..

The IPO bidding window is open from Mar 28, 2024 to Apr 4, 2024. The allotment is expected to be finalized on Apr 5, 2024, and the tentative listing date is Apr 9, 2024.

The minimum lot size for Retail investors is 3000 shares, with a minimum investment of ₹1,35,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,70,000.

Corpwis Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Nnm Securities Private Limited will act as the market maker for this issue.

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Aluwind Architectural Limited IPO Subscription Analysis And Details
Retail
10.71x
Total
8.02x
As onQIB / NIIRetailTotal
Shares Offered / Reserved3,135,0003,135,0006,270,000
Day 1 28-03-24 06:00 PM
0.34 x0.41 x0.38 x
Day 2 01-04-24 06:00 PM
0.34 x0.98 x0.66 x
Day 3 02-04-24 06:00 PM
0.48 x1.78 x1.13 x
Day 4 03-04-24 06:00 PM
0.76 x2.99 x1.87 x
Day 5 04-04-24 06:00 PM
5.33 x10.71 x8.02 x
Total No of Applications
11,195
Aluwind Architectural Limited Valuations
EPS Pre IPO ₹1.48/-
EPS Post IPO ₹3.00/-
P/E Pre IPO 30.41
P/E Post IPO 15
ROE 19.77%
ROCE 24.55%
Debt/Equity 0.48
RoNW 19.77%
PAT Margin 9.01
Price to Book Value 5.40
Aluwind Architectural Limited Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets4,086.533,232.742,177.73
Revenue4,900.622,925.132,139.29
Profit After Tax270.0578.8076.92
Net Worth1,702.561,429.871,041.33
Reserves & Surplus1,449.131,417.801,030.56
Total Borrowing707.52638.92436.06
About Aluwind Architectural Limited Company

Established in April 2003, Aluwind Architectural Limited produces and installs a wide variety of aluminium products. These are available in the form of windows, doors, curtain walls, cladding, and glazing systems, all designed to meet the specific needs of architects, consultants, builders, institutions, and corporations.

Products are sold from its offices situated in various cities like Mumbai, Pune, Bangalore, and Hyderabad across India. Therefore, it encompasses a wide network and commitment toward catering to national customers.It clocked the revenues of INR 76.92L for FY21, INR 78.80L for FY22, and INR 270.05L and INR 372.83L for FY23 and H1 FY23 respectively.

The company has a manufacturing unit spread over 45000 square feet area located in Pune, Maharastra.The real estate developers L&T and Birla form part of its clientele that allows them to secure various projects through competitive bidding.

As of 30 September 2023, the company had permanent employees numbering at 178. The company routinely trains its staff to enhance operation excellence, raise productivity, and uphold compliance standards on quality and safety.

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Aluwind Architectural Limited - Promoter(s)

Mr. Murli Manohar Ramshankar Kabra

Mr. Rajesh Kabra

Mr. Jagmohan Ramshankar Kabra

Jagmohan Kabra HUF

Pre Issue Share Holding : 98.22%

Post Issue Share Holding : 72.13%

Aluwind Architectural Limited IPO - Issue Objectives
1

Funding of working capital requirements of the Company

2

General Corporate Expenses

Aluwind Architectural Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Aluwind Architectural Limited14.71N/AN/A22.0219.77N/AStandalone
Innovators Facade Systems Ltd2.68N/AN/A34.23.8N/AConsolidated

Notes:

  1. Basic EPS for the year ended September 30, 2023.
  2. P/E Ratio has been taken as on January 17, 2024 (Source: www.screener.in, www.moneycontrol.com).
  3. RoNW has been calculated using Profit After Tax divided by the average Net Worth as on September 30, 2023.
  4. Financials are taken from the annual reports of the companies mentioned.
  5. Book Value per share has been calculated as Net Worth divided by the total number of equity shares outstanding as on September 30, 2023.
Contact Details

Aluwind Architectural Limited

604, Palm Spring Centre, Link Road, Malad (West) Mumbai City, Mumbai - 400064

022- 35135036

compliance@aluwind.net

https://www.aluwind.net/

Registrar Contact Details

Skyline Financial Services Private Ltd

02228511022

grievances@skylinerta.com

https://www.skylinerta.com/ipo.php