Aluwind Architectural Marks Steady NSE SME Debut at Rs 45, Matching Issue Price!

Aluwind Architectural debuted on the NSE SME platform on April 9, listing at its issue price of Rs 45, with no initial gain from the set price band.
Aluwind Architectural Marks Steady NSE SME Debut at Rs 45, Matching Issue Price!

Aluwind Architectural’s shares began trading on the NSE SME platform without any initial gain, matching its issue price of Rs 45. The company’s stock market introduction occurred on April 9, maintaining the set price band from its initial offering.

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Aluwind Architectural’s SME IPO was subscribed 8.19 times over on its final bidding day, with applications for 51.3 crore shares against the 66 lakh on offer. Retail investors applied for 33.5 crore shares, while non-institutional investors sought 16.3 crore shares.

Aluwind Architectural specialises in manufacturing and installing various aluminium products like windows, doors, and cladding. Led by MD Mr. Murli Manohar Kabra, the company excels in large project management, marking industry milestones with quality offerings. It has a strong presence in Indian cities including Mumbai and Bangalore.

Aluwind Architectural’s IPO aims to raise INR 20.45 crores for 2024’s working capital and additional funds for corporate activities, including partnerships, acquisitions, branding, marketing, and client referral initiatives.

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