Aluwind Architectural was incorporated on April 22, 2003. The company operates in the manufacturing and installation segment, specializing in a diverse range of aluminum products. These include windows, doors, curtain walls, cladding, and glazing systems, all meticulously crafted to meet the unique needs of architects, consultants, builders, institutions, and corporations
| Bidding Dates |
|---|
| 28 Mar 2024 - 04 Apr 2024 |
| Subscription |
|---|
| 7.62x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,35,000 | 1 | 1 | 3000 | 6.6 M | ₹45 | 72.13 % | ₹297.0 M | RHP DOC |
Aluwind Architectural IPO SUBSCRIPTION STATUS
04 Apr '24Aluwind Architectural IPO overall subscription rate was 7.62 times the total available shares
Aluwind Architectural IPO retail subscription rate was 10.18 times in the retail segment
Aluwind Architectural IPO non-institutional investor subscription rate was 5.07 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
04 Apr 2024 (Day 5) | 10.18x | 5.07x | - |
03 Apr 2024 (Day 4) | 2.79x | 0.82x | - |
02 Apr 2024 (Day 3) | 1.66x | 0.56x | - |
01 Apr 2024 (Day 2) | 0.92x | 0.42x | - |
28 Mar 2024 (Day 1) | 0.37x | 0.32x | - |
Aluwind Architectural FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 37.3 | 413.6 | -24.6 | -32.5 | 13.9% |
| FY23 | 27.0 | 488.7 | 15.3 | -0.3 | 9.7% |
| FY22 | 7.9 | 289.9 | -18.2 | -47.5 | 6.4% |
| FY21 | 7.7 | 212.8 | 30.1 | 26.9 | 9.1% |
Aluwind Architectural IPO SUBSCRIPTION STATUS DETAILS
Aluwind Architectural had 6.6 M shares on offer
Aluwind Architectural IPO offer price was ₹45
Aluwind Architectural IPO minimum Investment was ₹135000
Aluwind Architectural IPO issue size was ₹ 297.0 M
Aluwind Architectural had a minimum lot size of 3000 Shares per application
Aluwind Architectural NUMBER OF SHARES ON OFFER
Aluwind Architectural IPO IMPORTANT DATES
| Issue Open Date | 28 Mar 2024 |
| Issue close Date | 04 Apr 2024 |
| Allotment Date | 06 Apr 2024 |
| Refund Date | 08 Apr 2024 |
| Demat Account Credit Date | 08 Apr 2024 |
| Listing Date | 09 Apr 2024 |
| Listing on Exchange(s) | NSE |
| Aluwind Architectural Allotment Status | Exchange |
Aluwind Architectural IPO subscription opened on 28 Mar 2024, and closed on 04 Apr 2024
IPO allotment for Aluwind Architectural was finalized on Saturday, 06 Apr 2024
IPO listing for Aluwind Architectural was on NSE on Tuesday, 09 Apr 2024
Aluwind Architectural IPO LISTING GAINS
| Issue Price (adjusted) | 45.0 |
| Listing Open Price | 45.0 |
| Listing Close Price | 47.3 |
| Listing Gain% | 0.0% |
| Current Gain% | 11.0% |
Aluwind Architectural Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aluwind Infra-Tech Ltd. | 50 | 124.1 | 11.8 | 0.9 | 15 | 6.6 | 140.1 | 10.5 | 4.2 | ||||
| Hindalco Industries Ltd. | 1054 | 236868.9 | 14.4 | -4.6 | 0.8 | 9.8 | 3.8 | 277833 | 15.2 | 13391 | -16.3 | 73 | -3.1 |
| Vedanta Aluminium Metal Ltd. | 472.6 | 184804.9 | 0 | -192.6 | 0 | 0 | -28.4 | ||||||
| Vedanta Ltd. | 283.6 | 110918.2 | 5.6 | 0.2 | 1 | 35 | 7.4 | 79987 | -48.9 | 17391 | 16 | 50.3 | 35.1 |
| National Aluminium Company Ltd. | 382.7 | 70287.9 | 10.4 | 0.6 | 3.6 | 26.8 | 21.8 | 18508.9 | 8 | 5797 | 10 | 36.8 | 17.8 |
| CMR Green Technologies Ltd. | 221.3 | 4847 | 13.9 | 5.5 | 8659.2 | 29.3 | 212.4 | 49.1 |
Aluwind Architectural INFORMATION ON IPO ISSUE
About Aluwind Architectural
Aluwind Architectural was incorporated on April 22, 2003. The company operates in the manufacturing and installation segment, specializing in a diverse range of aluminum products. These include windows, doors, curtain walls, cladding, and glazing systems, all meticulously crafted to meet the unique needs of architects, consultants, builders, institutions, and corporations
Object of the Issue
- Funding of working capital requirements of the company
- General corporate expenses
Aluwind Architectural - PROMOTERS
| Name |
|---|
| Murli Manohar Ramshankar Kabra |
| Rajesh Kabra |
| Jagmohan Ramshankar Kabra |
| Jagmohan Kabra HUF |
Aluwind Architectural Lead Manager to the Issue
Corpwis Advisors Private Limited
ipo@corpwis.com
Aluwind Architectural Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Aluwind Architectural Strengths
Robust financial performance
The company has demonstrated robust financial performance with a consistent track record of profitability, even amidst the challenges posed by the COVID-19 pandemic
Widening horizons
The company is a pioneer in fabricating and installing aluminum windows, doors, curtain walls, cladding, and glazing systems, boasting an extensive market reach. Catering to architects, consultants, builders, institutions, and corporates, it transcends geographical boundaries to deliver superior aluminum solutions
Organic growth
The company's business strategy emphasizes organic growth through continual innovation and improvement. It aims to expand its product offerings, customer base, and market reach organically
Aluwind Architectural Risks
Certain litigation and claims
The company and its promoters are involved in certain litigation and claims. These legal proceedings are pending at different levels of adjudication before the court and regulatory authorities
Contingent liabilities
The company has certain contingent liabilities that have not been provided for in the company’s financials. If these liabilities materialize, they could adversely affect the financial condition
Geographic concentration
The company generates a significant portion of its sales in certain geographical regions, especially Maharashtra. Any adverse developments affecting these regions could have a negative impact on revenue.
IPO FAQs
The promoters of the company are Murli Manohar Ramshankar Kabra, Rajesh Kabra, Jagmohan Ramshankar Kabra and Jagmohan Kabra HUF.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 45.0 - 45.0.
The IPO application opens on Mar 28, 2024 and closes on Apr 04, 2024.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 135,000.0, the maximum value for this IPO is Rs 135,000.0.
This IPO will be allotted on Apr 06, 2024.
The refund will be credited to your account on Apr 08, 2024.
The allotted shares will be credited to your demat on Apr 08, 2024.
Aluwind Architectural Ltd.’s shares listed on the stock exchanges on Apr 09, 2024.