Today, Aluwind Architectural made a subdued debut on the NSE SME, with its share price opening at ₹45, matching the issue price. Despite the muted start, the stock quickly hit a 5% upper circuit.
Aluwind Architectural’s IPO was open for subscription from March 28 to April 4, with a price band set at ₹45 per share and a lot size comprising 3,000 shares. The subscription status on the final day stood at 8.19 times, as reported by chittorgarh.com.
Aluwind Architectural Limited specializes in manufacturing and installing a diverse range of aluminum products such as windows, doors, curtain walls, cladding, and glazing systems. The company has expanded its presence across various cities in India, including Mumbai, Pune, Bangalore, and Hyderabad, underscoring its commitment to nationwide customer service.
The IPO, valued at ₹29.70 crore, consisted solely of a fresh issue of 6,600,000 equity shares with a face value of ₹10 each. The proceeds from the IPO will be utilized to support the company’s general corporate expenses and working capital requirements post-listing on the NSE’s Emerge Platform.
The promoters of Aluwind Architectural are Jagmohan Ramshankar Kabra, Rajesh Kabra, Jagmohar Manohar Ramshankar Kabra, and Jagmohan Kabra HUF. Corpwis Advisors Private Limited served as the book running lead manager for the IPO, while Skyline Financial Services Private Ltd acted as the registrar, and Nnm Securities as the market maker.
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