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Archit Nuwood Set to Launch a Monumental ₹170 Crore IPO

Archit Nuwood Industries is launching the second-largest SME IPO at Rs 170 crore, aiming to enhance production and expand in the wood panel industry with its advanced facility in Haryana.
Archit Nuwood Set to Launch a Monumental ₹170 Crore IPO

Archit Nuwood Industries has secured BSE approval for its upcoming IPO, poised to be the second-largest SME IPO at around Rs 170 crore. The Haryana-based company is renowned for manufacturing wood-based panels and aims to issue up to 62.40 lakh shares.

The company plans to utilise the IPO funds to boost production capacity, expand market reach, and invest in innovative technologies. This strategic financial infusion is aimed at sustaining growth and enhancing its competitive edge in the wood panel industry.

Archit Nuwood, established in 2017, specialises in producing Medium Density Fiberboard (MDF), High-Density Fiberboard (HDF), and pre-laminated sheets. Their state-of-the-art manufacturing facility in Tohana, Haryana, features advanced production lines for MDF and HDF.

The pre-laminated products from Archit Nuwood offer a diverse range of textures and designs, catering to various sector demands such as retail, hospitality, and healthcare. This has propelled the demand for high-quality wood panels, especially in commercial real estate.

Share India Capital Services will manage the IPO process, with Maashitla Securities as the registrar. Details on the price band and lot size for the IPO will be announced by the company following consultations with the book-running lead manager.

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