Aluwind Architectural IPO

Aluwind Architectural Ltd

₹1,35,000 /3000 sharesMinimum Investment

Aluwind Architectural IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹45.00₹45.00₹0.00 (0.00%)

Aluwind Architectural IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
28 Mar ‘24 - 4 Apr ‘24₹1,35,0003,000₹45 - ₹45
Issue SizeIPO Doc
29.70Cr
RHP PDF

About Aluwind Architectural

Aluwind Architectural Limited manufactures and installs various aluminium products like windows, doors, curtain walls, cladding, and glazing systems. These products are designed to meet the specific needs of architects, consultants, builders, institutions, and corporations. The company operates from a facility in Pune, Maharashtra, which is equipped with machinery such as a powder coating facility and CNC machines for manufacturing aluminum products.;
Parent Organisation
Aluwind Architectural Ltd
Founded
2003
Managing Director
Mr. Murli Manohar Ramshankar Kabra

Strengths & Risks

  • Since its inception, some of the company’s clientele includes companies like L&T, Birla, etc.
  • As per the company, it has expanded its market presence over the years, with products sold in cities across India, including Mumbai, Pune, Bangalore, Hyderabad, etc.
  • The company has formed a strategic collaboration with Eternia, a product line from Hindalco (Aditya Birla Group), making it the anchor partner for Eternia products in the MMRDA region.
  • The company reported revenue from operations of Rs. 21.28 cr, Rs. 28.99 cr and Rs. 48.87 cr in FY 2021, 2022 and 2023 respectively. For the same time periods, it reported Profit after tax of Rs. 0.77 cr, Rs. 0.79 cr and Rs. 2.70 cr respectively.
  • The company and its promoter are involved in ongoing litigation and claims pending at various levels of adjudication before courts and regulatory authorities. An unfavorable decision could lead to liabilities, and penalties, and negatively impact the company's reputation, business, and financial status.
  • The company has certain contingent liabilities in its financials, which, if realized, could negatively impact its financial condition.
  • Revenue from customers in Maharashtra constitutes a substantial portion of the company's total revenue, as indicated in its Restated Standalone Financial Statements. This concentration in a specific geographical area increases vulnerability to adverse developments in competition, economic, and demographic changes, potentially impacting the company's business prospects, financial condition, and operational results.
  • For the period ending March 31, 2023, and September 30, 2023, the company’s top 5 customers contributed 42.88% and 40.47%, respectively towards revenue from operations. Its top 10 customers contributed 67.11% and 59.09% to revenue from operations for these time periods, respectively.
  • As of September 30, 2023, the company has unsecured loans totalling Rs. 0.49 cr which are repayable on demand to the respective lender. Additionally, certain loans lack a predetermined repayment schedule and could be recalled by the relevant lender at their discretion.
  • Apart from being labour-intensive and seasonal, the company’s business requires significant amounts of working capital for continued growth.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular45 - 45₹2 Lakh
High Networth Individual45 - 45₹2 - 5 Lakh
For Aluwind Architectural IPO, eligible investors can apply as Regular.
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