The goal of the Aluwind Architectural IPO is to raise Rs 30 crore for the company through a new equity issue of 66 lakh shares. In the unlisted market, the company’s shares are trading at a GMP of Rs 10.
Aluwind Architectural’s SME IPO began accepting subscriptions on Thursday and will end on April 4. Through the offering, the company hopes to raise roughly Rs 30 crore, and the shares will be listed on the NSE SME platform. Before subscribing to the issue, investors should be aware of the following 10 important details about the public offer.
About the Company
The business is in the aluminium manufacturing sector, with a focus on glazing systems, doors, windows, and curtain walls. With decades of experience, it is known for providing corporations, architects, builders, and organisations with specialised solutions.
Industry summary
Opportunities for the architectural and window frames industries are presented by the notable rise of the Indian real estate market. The real estate industry is expected to reach a $1 trillion market size by 2030, and demand for a range of real estate categories, such as residential and commercial spaces, is on the rise.
IPO Size
The company seeks to raise Rs 30 crore through the IPO, which is a full fresh equity offering of 66 lakh shares.
Price Range IPO
Investors can bid for 3,000 shares in a single lot at the company’s price of Rs 45 per share.
Company’s Financial Performance
The company recorded revenues of Rs 41.42 crore and net profit of Rs 3.72 crore for the quarter that ended in September 2023.
IPO’s objectives
The public offer’s net proceeds will be applied to general corporate purposes and working capital needs.
Lead managers
Corpwis Advisors
Registrar
Skyline Financial Services
Structure of Issue
Retail investors will receive about half of the offer, with the remaining 50% going to other investors.
Closing Date
4th April. The final allocation will probably be made on April 5. April 9 is probably when the company’s shares will go on the market.
