About the Company:
Aluwind Architectural Ltd 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.
Company operates from a cutting-edge 45,000-square-foot facility in Pune, Maharashtra, this tech-driven company specializes in a niche product segment.
With infrastructure and advanced machinery, including a powder coating facility and CNC machines, it ensures precision in manufacturing aluminum products like windows, doors, and curtain walls.
The facility is strategically organized with distinct sub-divisions for manufacturing, testing, and storage, ensuring an efficient production process.
Company has successfully expanded its market presence, with products sold in cities across India, including Mumbai, Pune, Bangalore, Hyderabad, among others.
Company has strategic collaboration with Hindalco (Aditya Birla Group).
Company is dedicated to achieving excellence in product quality and has recently solidified its commitment through a strategic collaboration with Eternia, a cutting-edge product line from Hindalco (Aditya Birla Group).
This collaboration positions the company as anchor partner for Eternia products in the MMRDA region.
By aligning with this latest offering, the company not only reinforces its dedication to maintaining high-quality standards but also looks forward to establish itself as a player in delivering custom tailored solutions to its clientele in the fenestration industry.
Company’s Top 10 customers:
Company’s Capacity and Capacity Utilization:
Number of Projects Completed by the Company:
Management Team:
- Mr. Murli Manohar Ramshankar Kabra (Designation: Managing Director)
- Mr. Rajesh Kabra (Designation: Executive Director)
Objectives of the Issue:
Fresh Issue: (Rs.29.7 cr)
- Funding of working capital requirements of the Company
- General Corporate Expenses
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Funding of Working Capital requirements | 20.45 cr |
| General Corporate Expenses | 6.50 cr |
| Net Proceeds | 26.95 cr |
Positives for the company:
Company’s Geographical Expansion.
- Company recognizes the potential for expansion and are considering regions like Karnataka, Gujarat, and Telangana. Company plans to create a superior value proposition, a strong go-to-market strategy, competitive profit structures, and a high market share before expanding.
Expansion of Eternia Brand.
- Expanding the Eternia brand is a key aspect of company’s growth strategy, focusing on establishing a strong brand presence.
- By leveraging the trust and credibility associated with the Eternia brand, company seeks to diversify the product line and capture a larger share of the market.
- The expansion strategy includes introducing new product variants, improving brand visibility, and ensuring consistent quality to resonate with a broader customer base.
Financials of the Company:
| (in Crores) | FY 21 | FY 22 | FY 23 | Upto 30th Sept 23 |
|---|---|---|---|---|
| Revenue | 21.39 | 29.25 | 49.0 | 41.42 |
| Net Profit | 0.76 | 0.78 | 2.70 | 3.72 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Aluwind Architectural Ltd | 10 | 1.48 | 30.41 | 17.24% | 9.33 |
| Innovators Façade Systems Ltd | 10 | 2.68 | 34.2 | 3.80% | 71.75 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 28th March 2024 |
| Issue Closes on | 4th April 2024 |
| Issue Price | Rs.45 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 Shares |
| Minimum Investment | Rs.1,35,000 |
| Issue Constitutes | 26.56 % |
| Issue Size | Rs.29.7 cr |
| Market Cap | Rs.111.8 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 66,00,000 (Rs.29.7 cr) |
| Equity Shares Prior to the Issue | 1,82,47,420 |
| Equity Shares after the Issue | 2,48,47,420 |
Also Read : List of Upcoming IPO’s in India.
Also Read: List of Upcoming SME IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 5th April 2024 |
| Initiation of Refunds | on or Before 8th April 2024 |
| Credit of Equity Shares: | on or Before 8th April 2024 |
| Listing Date: | on or Before 9th April 2024 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 1.48 | 30.41 | 17.24% | 9.33 |
| Should You Subscribe or Not ? |
|---|
| Aluwind Architectural Ltd, a promising player in the manufacturing and installation of aluminum products, is gearing up for an SME IPO. Specializing in windows, doors, curtain walls, cladding, and glazing systems, the company caters to a diverse clientele, including architects, consultants, builders, institutions, and corporations.
What sets Aluwind apart is its strategic collaboration with Eternia, a prestigious product line from Hindalco, part of the esteemed Aditya Birla Group. This partnership not only enhances Aluwind’s product offerings but also signifies a stamp of quality and innovation. With plans to expand operations to Karnataka, Gujarat, and Telangana, Aluwind Architectural Ltd appears poised for substantial growth. These strategic expansions tap into burgeoning markets, promising increased visibility and market share for the company. Moreover, by aligning with Eternia’s cutting-edge technologies and Hindalco’s established reputation, Aluwind is well-positioned to capitalize on emerging opportunities. As investors eye SME IPOs for potential growth prospects, Aluwind’s trajectory seems promising, fueled by innovation, strategic partnerships, and an expanding market presence. |
| Company Contact Info: |
|---|
| Aluwind Architectural Limited 604, Palm Spring Centre, Link Road, Malad (West), Mumbai City, Mumbai, Maharashtra, India 400064 Telephone: 022- 35135036/37/38/39 Email ID: compliance@aluwind.net Website: www.aluwind.net |
| Registrar to the Issue: |
|---|
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153/ A, First Floor, Okhla Industrial Area, Phase – I, New Delhi – 110020 Telephone: +91-11-40450193-97 E-mail: ipo@skylinerta.com Website: www.skylinerta.com |
| Lead Manager to the Issue: |
|---|
| CORPWIS ADVISORS PRIVATE LIMITED 510, 5th Floor, Dilkap Chambers, Plot – A/7 Veera Desai Road, Andheri (West), Mumbai – 400 053 Telephone: +91 – 22 – 4972 9990 Email: ipo@corpwis.com Website: www.corpwis.com |
| Check IPO Allotment Status: |
|---|
SkylineWebsite: http://Skyline/IPO/Allotment_Status
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