Aluwind Architectural is gearing up for its IPO, offering shares at a price of ₹45 each. The IPO is scheduled to open on March 28 and close on April 4. Here’s a simplified breakdown of what you need to know:
Company Overview: Aluwind Architectural specializes in producing aluminum products like windows, doors, curtain walls, and more. They cater to various sectors including builders, architects, and businesses. With a focus on quality and precision, they operate from a modern facility in Pune, Maharashtra.
Financial Performance: From 2022 to 2023, Aluwind saw a significant rise in profits and revenue. Their profit after tax surged by 242.7%, and revenue increased by 67.54% during this period.
IPO Details:
- Price Per Share: ₹45
- Lot Size: 3,000 shares
- Issue Size: ₹29.70 crore
- Fresh Issue: 66,00,000 equity shares
- Objective: The funds raised will be utilized for general corporate expenses and working capital requirements.
Market Presence: Aluwind’s products are sold across major Indian cities like Mumbai, Pune, Bangalore, and Hyderabad, showcasing their widespread reach and commitment to customer satisfaction.
Key Dates:
- IPO Subscription: March 28 to April 4
- Basis for Share Allocation: April 5
- Refunds Initiation: April 8
- Listing Date: April 9 (Expected)
Lead Managers and Registrars:
- Book Running Lead Manager: Corpwis Advisors Private Limited
- Registrar: Skyline Financial Services Private Ltd
Conclusion: Aluwind Architectural’s IPO presents an opportunity to invest in a company with a strong financial track record and a promising future in the aluminum products market.
