Aluwind Architectural Limited IPO Review

Aluwind Architectural Limited IPO

Aluwind Architectural Limited is coming up with an IPO worth INR 29.70 crores, consisting of a fresh issue of 66 lakh shares. The company plans to use the funds raised to meet the working capital requirements and general corporate purposes.

Aluwind Architectural IPO – Important Dates

Aluwind Architectural IPO DateMarch 28, 2024 to April 4, 2024
Aluwind Architectural IPO Listing DateApril 9, 2024
Aluwind Architectural IPO PriceINR 45 per share
Aluwind Architectural IPO Lot Size3000 Shares
Aluwind Architectural IPO Total Issue SizeINR 29.70 crores
Aluwind Architectural IPO Basis of AllotmentApril 5, 2024
Aluwind Architectural IPO Initiation of RefundsApril 8, 2024
Aluwind Architectural IPO Credit of Shares to DematApril 8, 2024
Aluwind Architectural IPO Issue TypeFixed Price Issue IPO
Aluwind Architectural IPO Listing AtBSE SME

Aluwind Architectural IPO – Company Profile 

The company operates in the segment of manufacturing and installing a diverse range of aluminum products. This includes windows, doors, curtain walls, cladding, and glazing systems, all meticulously crafted to meet the unique needs of architects, consultants, builders, institutions, and corporations. 

At the helm of the company stands Mr. Murli Manohar Kabra, the Managing Director, whose knowledge and practical experience in managing large projects have played a pivotal role in guiding the organization. Thanks to his leadership and expertise, the company has achieved numerous milestones in this industry, consistently delivering quality products and services to its clients. 

On the backing of this infrastructure, the company has successfully expanded its market presence, with products sold in cities across India, including Mumbai, Pune, Bangalore, and Hyderabad, among others, the company demonstrates a widespread reach and a commitment to serving customers across the nation.

Aluwind Architectural Limited IPO Review

ParticularAs of 31 March 2022As of 31 March 2023As of 30 September 2023
Revenue (₹ in lakhs)2,898.654,886.724,136.15
Equity (₹ in lakhs)1,429.871,702.562,069.53
Expenses (₹ in lakhs)2,819.264,540.893,645.16
Profit and Loss After Tax (₹ in lakhs)78.80270.05372.83
EPS only (₹)3.1110.6614.71
Return on Net Worth (%)6.3817.2419.77
NAV per Equity Share (₹)1181.7167.1981.67
Total Assets (in lakhs)3,232.744,086.534,907.14 
Total Liabilities (in lakhs) 1,802.872,383.972,837.61
Debt Equity Ratio (in times) 0.450.420.48
Current Ratio (in times) 1.431.401.50
Inventory Turnover Ratio (in times) 3.314.363.53

Aluwind Architectural Ltd IPO Fundamental Analysis

The financial analysis of the company preparing for an IPO reveals a promising trajectory. With steady revenue growth, improved profitability metrics, stable debt levels, and increasing EPS and RoNW, the IPO presents a compelling investment opportunity worth considering.

  1. Revenue Growth: The company has shown steady revenue growth from ₹2,898.65 lakhs in March 2022 to ₹4,886.72 lakhs in March 2023, with a slight decrease to ₹4,136.15 lakhs by September 2023. Overall, the revenue trend is positive, indicating business expansion.
  2. Equity and Liabilities: The equity has increased over time, reflecting growth and potential investor confidence. Total liabilities have also increased, but the debt-equity ratio remains relatively stable, indicating a manageable level of debt.
  1. Profitability: The company’s profitability has improved significantly, with profit after tax rising from ₹78.80 lakhs in March 2022 to ₹372.83 lakhs by September 2023. This indicates strong operational performance and potential for sustainable profits.
  2. Earnings per Share (EPS): The EPS has shown a significant increase from ₹3.11 in March 2022 to ₹14.71 by September 2023, reflecting enhanced earnings per share for investors.
  1. Return on Net Worth (RoNW): The RoNW has also improved, indicating efficient utilization of equity capital to generate profits. This is a positive indicator of the company’s profitability relative to its net worth.
  1. Financial Position: The NAV per equity share has decreased from ₹1181.71 in March 2022 to ₹67.19 by March 2023 but increased to ₹81.67 by September 2023. This fluctuation may require further analysis to understand the underlying asset value per share.
  1. Liquidity and Efficiency: The current ratio and inventory turnover ratio have remained relatively stable, indicating satisfactory liquidity and efficient management of inventory.

Aluwind Architectural IPO Peer Comparison

Aluwind Architectural shows a lower PE ratio and higher EPS, RoNW, and NAV per equity share compared to Innovators Façade Systems. This indicates stronger financial performance and investor confidence in Aluwind Architectural.

CompanyPE Ratio (in times)Face Value (₹)EPS  (₹)RoNW (%)NAV per Equity Share (Basic) (₹)
Aluwind Architectural Limited 22.021014.7119.77%81.66
Innovators Façade Systems Ltd34.2102.683.80%71.75

Aluwind Architectural Limited IPO Objective

The main objective of Aluwind Architectural’s IPO is to meet the working capital requirement by allocating INR 20.45 crores for incremental business needs in FY 2024. The remaining funds will support general corporate goals and initiatives, including strategic partnerships, branding, marketing, and client referral fees.

  1. To meet the working capital requirement: To support the incremental business requirements, the company requires additional working capital to fund its incremental working capital requirements in the Financial Year 2024. The company proposes to utilise INR 20.45 crores for the said purpose.
  1.  General Corporate Purpose: The Company plans to deploy the balance funds towards the general corporate goals, including but not restricted to strategic initiatives, partnerships, joint ventures, strategic entity/business acquisitions, branding, marketing, and new client referral fees meeting exigencies.

Aluwind Architectural IPO Risks And Challenges

Aluwind Architectural risks include dependence on specific geographic regions for sales, especially Maharashtra, with adverse developments potentially harming revenue and operations. Negative cash flows and seasonal fluctuations could impact growth and financial performance.

  1. The company generates a major portion of sales from operations in certain geographical regions, especially Maharashtra. Any adverse developments affecting the operations in these regions could harm the revenue and results of operations.
  1. The company has negative cash flows from its operating activities, investing activities as well as financing activities in the past years. Sustained negative cash flow could impact the growth and business.
  1. The business is subject to seasonal and other fluctuations that may affect the financial performance and business operations. 

Aluwind Architectural Limited IPO – Industry & Market Potential

The real estate sector is one of the most globally recognized sectors. It comprises four sub-sectors – housing, retail, hospitality, and commercial. The growth of this sector is well complemented by the growth in the corporate environment and the demand for office space as well as urban and semi-urban accommodation. The construction industry ranks third among the 14 major sectors in terms of direct, indirect, and induced effects in all sectors of the economy.

In India, the real estate sector is the second-highest employment generator after the agriculture sector. It is also expected that this sector will incur more non-resident Indian (NRI) investment, both in the short term and the long term.

Aluwind Architectural Ltd IPO – Type of Offer

Aluwind Architectural Limited is set to launch an IPO valued at INR 29.70 crores, comprising 66 lakh new shares. The company intends to allocate the proceeds towards fulfilling working capital needs and general corporate purposes.

Aluwind Architectural IPO Offer Size

The offer size for Aluwind Architectural Limited’s IPO is INR 29.70 crores, with a fresh issue of 66 lakh shares. The company plans to use the funds raised to meet working capital requirements and for general corporate purposes.

Aluwind Architectural Limited IPO Allotment Structure

Aluwind Architectural Limited’s IPO allotment structure includes a Retail Individual Investors (RII) category with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation for Market Makers.

  •  Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
  • Other than retail individual investors: Such applications with value exceeds INR 2 lakhs.
  •  Market Maker Reservation: A certain percentage i.e., 3,30,000 shares, are reserved for market makers.

How to apply for an Aluwind Architectural Ltd IPO?

To apply for the Aluwind Architectural IPO through Alice Blue, you would typically follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

  1. Check for IPO Details: Once your account is active, you can check for the Aluwind Architectural IPO details in the IPO section of the Alice Blue platform.
  2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
  3. Submit the Application: Confirm all your details and submit your application.

You can apply for the Aluwind Architectural IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Aluwind Architectural’s IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

  1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
  2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
  3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
  4. Select the Aluwind Architectural IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Aluwind Architectural IPO.
  5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.

Apart from Alice Blue, there are other ways to check the allotment status of the Aluwind Architectural IPO:

 ● Registrar’s Website: Visit the website of Skyline Financial Services Private Limited, the registrar of the Aluwind Architectural IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

●  NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (BSE) SME (Small Medium Enterprise) Platform. You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Aluwind Architectural  Ltd IPO Offer Registrar

The registrar for the Aluwind Architectural Limited IPO is Skyline Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar:

Bigshare Services Private Limited

S6-2, 6th Floor, Pinnacle Business Park, 

Next to Ahura Centre, 

Mahakali Caves Road, Andheri (East) Mumbai – 400093, 

E-mail Id: [email protected] 


 Aluwind Architectural Limited IPO –  FAQs 

1. What is the allotment date of Aluwind Architectural Limited? 

The allotment date of the Aluwind Architectural Limited IPO is April 5, 2024.

2. What is the price band of the Aluwind Architectural IPO? 

The price of the issue is INR 45 per share.

3. What is the size of the Aluwind Architectural IPO? 

Aluwind Architectural Limited is coming up with an IPO worth INR 29.70 crores, consisting of a fresh issue of 66 lakh shares. The company plans to use the funds raised to meet the working capital requirements and general corporate purposes.

4. What is the listing date of the Aluwind Architectural IPO? 

The listing date of Aluwind Architectural’s IPO is April 9, 2024.

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