What you must know about Aluwind Architectural IPO?

About Aluwind Architectural IPO

Aluwind Architectural was established in 2003 and has since become a specialist in the production and installation of various aluminum products. These products encompass curtain walling, windows, doors, cladding and glazing systems all meticulously tailored to meet the specific requirements of architects, developers, consultants, institutions and businesses. Over the years, the company has not only solidified its position as a leading entity in the industry but has also gained acclaim for its exceptional proficiency in manufacturing aluminum windows and glass facades.

Aluwind has top-notch infrastructure and high-tech machinery like powder coating facilities and CNC machines, ensuring that its manufacturing processes are incredibly precise. The facility is strategically laid out with separate subdivisions for manufacturing, testing and storage to facilitate an efficient production workflow. The company also uses specialized equipment like a two piece pump for glazing, which enhances its unique offerings and capabilities in the manufacturing process.

In addition to its impressive infrastructure and track record, Aluwind has expanded its market presence, with its products being distributed in various cities across India including Pune, Mumbai, Bangalore and Hyderabad. This widespread reach reflects the company's dedication to serving customers throughout the country. Aluwind's manufacturing unit, located in Pune, Maharashtra, spans an area of 45,000 square feet.

The company has a prestigious clientele that includes renowned real estate developers such as L&T and Birla which enables Aluwind to secure diverse projects through competitive bidding processes. As of September 30, 2023, Aluwind employed 178 permanent staff members. The company prioritizes the continuous training of its employees to enhance operational excellence, increase productivity and uphold compliance standards related to quality and safety.

Key Highlights of the Aluwind Architectural IPO

Here are some of the highlights of the Aluwind Architectural IPO:
 

• Aluwind Architectural IPO will be open from 28 Mar 2024 to 4 Apr 2024. Aluwind Architectural IPO has a face value of ₹10 per equity share and the price band for the Aluwind Architectural IPO has been fixed at ₹45 per share.
• The IPO of Aluwind Architectural comprises solely a fresh issue component, with no portion allocated for offer for sale (OFS).
• As part of the fresh issue portion of the IPO, Aluwind Architectural IPO will issue a total of 66 lakh shares, at the fixed price band of the IPO of ₹45 per share to raise fresh funds of ₹29.70 crores.
• As the Aluwind Architectural IPO doesn't includes anOffer for Sale (OFS) component, the total IPO size matches the fresh issue size, totaling ₹29.70 crore.
• Mr. Murli Manohar Ramshankar Kabra, Mr. Jagmohan Ramshankar Kabra, Mr. Rajesh Kabra and Jagmohan Kabra HUF are the promoters of the company. Before the listing, promoter holding in the company stood at 98.22%, post listing on 9 April 2024, promoter holding will be diluted to 72.13%.
• The raised funds will be used for working capital requirements and General corporate purposes.
• Corpwis Advisors Private Limited serves as the book running lead manager for the Aluwind Architectural IPO, while Skyline Financial Services Private Ltd has been appointed as the registrar for the issue. Nnm Securities will be the market maker for the Aluwind Architectural IPO.

Aluwind Architectural IPO Allocation

During the Aluwind Architectural IPO, the total shares offered will be distributed equally among different types of investors, including retail investors and other categories of investors. This means that each category of investors will receive an equal allocation of shares.

Lot sizes for investing in the Aluwind Architectural IPO

The minimum lot size for Aluwind Architectural IPO investment is 3,000 shares, equivalent to ₹135,000 (3,000 shares x ₹45 per share), which is also the maximum lot number for retail investors to apply. For Aluwind Architectural IPO HNI/NII investors can invest in a minimum of 2 lots, totaling 6,000 shares with a minimum value of ₹27,000. Check the breakdown of lot sizes and amounts for retail and other investors.

Key Dates for Aluwind Architectural IPO?

Aluwind Architectural IPO will open for subscription on Thursday, 28 March 2024 and close on Thursday, 4 April 2024. The bidding period for the Aluwind Architectural IPO will be from 28 Mar 2024, starting at 10:00 AM, until 4 April 2024, closing at 5:00 PM. For Aluwind Architectural IPO cut off time for UPI Mandate confirmation is 5:00 PM on the closing day of the IPO, which falls on Thursday 4 Apr 2024.

Financial Highlights of Aluwind Architectural IPO

key financial figures of Aluwind Architectural IPO for the last three completed financial years

Aluwind Architectural's profits have shown growth over the past three years. In FY21, profits stood at ₹76.92 Lakhs, marking a decent start. By FY22, profits increased slightly to ₹78.80 Lakhs. However, the recent financial year FY23 witnessed a turnaround with profits skyrocketing to ₹ 270.05 Lakhs. This surge represents a leap from FY21 indicating a strong comeback and an improvement in the company's financial health.

Aluwind Architectural IPO Vs Peer Comparison

When compared with its peers, Aluwind Architectural appears to be in a stronger position due to its superior performance in terms of EPS. Aluwind Architectural has the highest EPS among its peers, standing at 14.71 while Innovators Facade Systems Ltd has lowest EPS of 2.68