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Aluwind Architectural IPO
Price Band
₹
Issue Size
₹29.7 Cr
Lot Size
3,000 shares
Min Investment
₹135,000
GMP
+₹5.0 (11.11%)
Issue Price
₹45.0
Subject to Sauda
₹11400
Paid only if allotted
Aluwind Architectural IPO AI Summary
- Aluwind Architectural IPO is listed on NSE SME in the Aluminium, Copper & Zinc Products sector.
- Subscription window: 28 Mar–04 Apr 2024, listing on 09 Apr 2024.
- Current GMP is +₹5.0 (11.11%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Aluwind Architectural IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 04 Apr 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Aluwind Architectural IPO Grey Market Premium (GMP) Today
GMP
+₹5.0
GMP %
+11.11%
Est. Listing
₹50.0
Updated: 25 Jul 2026 14:06
About the Company
Incorporated in April 2003, Aluwind Architectural Limited manufactures and installs a diverse range of aluminium products. These include windows, doors, curtain walls, cladding, and glazing systems, all meticulously crafted to meet architects, consultants, builders, institutions, and corporations' unique needs. The company has expanded its market presence, selling products in various cities across India, including Mumbai, Pune, Bangalore, and Hyderabad. This demonstrates a wide reach and commitment to serving customers nationwide. The company's profits after tax for FY21, FY22, FY23, and H1 FY23 were INR 76.92L, INR 78.80L, INR 270.05L, and INR 372.83L, respectively. The company has a manufacturing unit located in Pune, Maharastra spread across an area of 45000 square foot. The company's clientele includes real estate developers such as L&T and Birla, which helps them to bag diverse projects through competitive bidding. As of September 30, 2023, the company had 178 permanent employees. The company regularly trains its employees to increase operational excellence, improve productivity, and maintain compliance standards on quality and safety.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 49.07 | 40.87 | 32.33 | 21.78 |
| Total Income | 41.43 | 49.01 | 29.25 | 21.39 |
| Profit After Tax | 3.73 | 2.70 | 0.79 | 0.77 |
| NET Worth | 20.70 | 17.03 | 14.30 | 10.41 |
| Reserves and Surplus | 18.16 | 14.49 | 14.18 | 10.31 |
| Total Borrowing | 9.94 | 7.08 | 6.39 | 4.36 |
Key Ratios
EPS
₹1.48
NAV
₹8.33
ROE
19.77%
ROCE
24.55%
RoNW
19.77%
P/B Value
5.40
P/E Ratio
30.41
Market Cap
₹111.81 Cr
PAT Margin
9.01%
Debt/Equity
0.48
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|
| Innovators Facade Systems Ltd | 3.8% | 34.2 | 2.68 |
| Aluwind Architectural Limited This IPO | 19.77% | 22.02 | 14.71 |
Promoters
Murli Manohar Ramshankar Kabra, Rajesh Kabra, Jagmohan Ramshankar Kabra and Jagmohan Kabra (HUF)
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of Working Capital requirements 20.45 2 General Corporate Expenses 6.50
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹21.39 Cr in FY21, increasing to ₹29.25 Cr by FY22, and further rising to ₹49.01 Cr in FY23. However, for the latest period ending on 30 Sep 2023, the total income was ₹41.43 Cr, which is lower than the previous full year figure, though this is a 6-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.77 Cr in FY21, which rose to ₹0.79 Cr in FY22, and significantly increased to ₹2.70 Cr in FY23. For the latest period ending on 30 Sep 2023, the profit after tax was ₹3.73 Cr, indicating a positive growth trend.
Valuation
At the issue price of ₹45.0, Aluwind Architectural Limited has an implied P/E of 22.02 based on its EPS of ₹14.71. This is compared to peers like Innovators Facade Systems Ltd, which has a P/E of 34.2.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the price at which shares are expected to trade in the unofficial market before listing. A positive GMP suggests that the market sentiment is favorable, and shares may list at a premium to the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio strategy and risk tolerance. It's essential to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
Listing Gains — The Risk
Listing-day gains can be influenced by various factors, including market sentiment and demand for the shares. However, investing in IPOs carries risks, and past performance is not indicative of future results.
This evaluation is generated from Aluwind Architectural's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Aluwind Architectural IPO GMP today?
Aluwind Architectural IPO GMP today is +₹5.0 (11.11%). GMP is an unofficial grey-market indicator and can change daily.
When does Aluwind Architectural IPO open and close?
Aluwind Architectural IPO opens on 28 March 2024 and closes on 04 April 2024.
When does Aluwind Architectural IPO list on the stock exchange?
Aluwind Architectural IPO listed on 09 April 2024 at ₹50.0.
What is the lot size for Aluwind Architectural IPO?
The lot size for Aluwind Architectural IPO is 3000 shares, requiring a minimum investment of ₹135,000.
What is the lot size for this IPO?
The lot size for Aluwind Architectural's IPO is 3000 shares.
What is the minimum investment required?
The minimum investment required is ₹135,000.
What is the issue price for the IPO?
The issue price is ₹45.0 per share.
When does the IPO open and close?
The IPO opens on March 28, 2024, and closes on April 4, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which shares may trade in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 Mar 2024
Close
04 Apr 2024
Allotment
05 Apr 2024
Listing
09 Apr 2024
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