Aluwind Architectural Limited IPO is set to launch on 28 March, 2024. The company initiated its business operations in the year 2003. It manufactures and installs a range of aluminium products. The products portfolio of the company includes doors, windows, cladding, curtain walls, glazing systems etc. It is used by multiple professions like architects, builders, consultants, co-operations and institutions. It sells its products in various places such as Hyderabad, Bangalore, Mumbai and Pune. Its manufacturing facility is located in Maharashtra with an area of 45000 sq. ft. It has a tidal number of 178 employees and its clients include Larsen & Toubro and Birla.
Aluwind Architectural Limited IPO DETAILS
Aluwind Architectural Limited IPO is set to launch on 28 March, 2024. The subscription timeline extends till 4 April, 2024. The size for the IPO is 29.70 Crore Rs. Shares issued through fresh issue mode are worth Rs 29.70 Crore. No shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 45 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is Skyline Financial Services Private Limited.
Tabular Description of Aluwind Architectural Limited IPO
| IPO OPENING DATE | 28 March, 2024 |
| CLOSING DATE FOR IPO | 4 April, 2024 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 45 Rs per share |
| LOT SIZE | 3000 shares |
| MINIMUM ORDER QUANTITY | 3000 shares |
| ISSUE SIZE | 29.70 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 29.70 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 9 April, 2023 |
Aluwind Architectural Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 28 March, 2024 |
| CLOSING DATE FOR IPO | 4 April, 2024 |
| IPO ALLOTMENT DATE | 5 April, 2024 |
| REFUNDS | 8 April, 2024 |
| DEMAT A/C CREDITED ON | 8 April, 2024 |
| IPO LISTING DATE | 9 April, 2024 |
Aluwind Architectural Limited IPO begins for subscription from 28 March, 2024. The IPO subscription would continue till 4 April, 2024. The allotment status for the shareholders who applied would come on 5 April, 2024. The refunds for the ones who did not get allotment would be initiated on 8 April, 2024. The DEMAT accounts of shareholders would be credited on 8 April, 2024. The listing of the company would be completed on 9 April, 2024.
Aluwind Architectural Limited IPO : Lead Managers
The lead managers are :
- Gretex Corporate Services Limited
The minimum lot size for the company is decided at 3000 shares. This holding accounts to 135000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 270000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 3000 shares | 135000 Rs. |
| Maximum | 6000 shares | 270000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 2177 | 3232 | 4086 |
| Revenue | 2139 | 2925 | 4900 |
| PAT | 76 | 78 | 270 |
Aluwind Architectural Limited had an asset base of 2177 Lakh Rs in 2021 which increased to 3232 lakh Rs in 2022. This increased to 4086 lakh Rs in the year 2023. The revenue of the firm was 2139 Lakh Rs in 2021 which increased to 2925 Lakh Rs in 2022. The revenue jumped to 4900 Lakh Rs in 2023. The profit of the firm was 76 Lakh Rs in 2021 and 78 lakh Rs in the year 2022. However the profit figures increased to 270 lakh Rs in the year 2023. Thus an increase of more than 190 Lakh Rs was seen in the profit of 2023 in comparison to the previous year’s figures.
PROS
- The products portfolio of the company includes doors, windows, cladding, curtain walls, glazing systems etc.
- It is used by multiple professions like architects, builders, consultants, co-operations and institutions.
- It sells its products in various places such as Hyderabad, Bangalore, Mumbai and Pune.
- Its manufacturing facility is located in Maharashtra with an area of 45000 sq. ft.
- It has a tidal number of 178 employees and its clients include Larsen & Toubro and Birla.
Aluwind Architectural Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Aluwind Architectural Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
