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Business News/ Markets / Ipo/  Aluwind Architectural IPO: SME issue subscribed 8 times on day 5; check subscription status, GMP and other details
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Aluwind Architectural IPO: SME issue subscribed 8 times on day 5; check subscription status, GMP and other details

The Aluwind Architectural IPO was subscribed 8.19 times on the final day of bidding. The SME IPO received 5,13,42,000 share applications against offered 66,00,000 shares on April 4.

Aluwind Architectural IPO Premium
Aluwind Architectural IPO

Aluminum products manufacturer Aluwind Architectural initial public offerings (IPO) opened for subscription on on March 28, 2024 and closed on April 4, 2024. The small and medium enterprise (SME) IPO was subscribed over eight times on the fifth and final day of bidding.

Aluwind Architectural Limited specializes in the manufacturing and installation of a wide array of aluminum products. Our offerings encompass windows, doors, curtain walls, cladding, and glazing systems, all meticulously tailored to fulfill the distinct requirements of architects, consultants, builders, institutions, and corporations.

Also read: TAC Infosec IPO last bidding date today: Issue booked over 400 times so far on strong NII, retail demand; check GMP

The Aluwind Architectural IPO is offering 6,600,000 shares, with 3,135,000 (47.50%) allocated to Non-Institutional Investors (NII) and another 3,135,000 (47.50%) designated for Retail Individual Investors (RII).

Aluwind Architectural IPO subscription status

The Aluwind Architectural IPO was subscribed 8.19 times on the final day of bidding. The SME IPO received 5,13,42,000 share applications against offered 66,00,000 shares on April 4.

The retail category received 3,35,85,000 share applications, meanwhile, NII portion received 1,63,95,000 shares, on Thursday.

Also read: Bharti Hexacom IPO: From price band to GMP, here are 10 things to know before subscribing to the issue

Aluwind Architectural IPO details

The Aluwind Architectural IPO is a fixed-price offering amounting to 29.70 crores, comprising solely of a fresh issue of 66 lakh shares. 

The IPO price for Aluwind Architectural fixed at 45 per share, with a minimum lot size of 3000 shares per application. Retail investors need a minimum investment of 135,000 to participate.

The allotment for the Aluwind Architectural IPO is anticipated to be completed by Friday, April 5, 2024. The IPO of Aluwind Architectural is scheduled to be listed on NSE SME, with a tentative listing date set for Tuesday, April 9, 2024.

The company's market presence has broadened, with its products now available in numerous cities throughout India, such as Mumbai, Pune, Bangalore, and Hyderabad. This showcases a vast outreach and a dedicated commitment to catering to customers nationwide.

Also read: 13 IPOs listed in FY24 deliver multibagger returns in the range of 104%-325%; did you invest?

Corpwis Advisors Private Limited serves as the book running lead manager for the Aluwind Architectural IPO, with Skyline Financial Services Private Ltd acting as the registrar for the issue. Nnm Securities has been appointed as the market maker for the Aluwind Architectural IPO.

Aluwind Architectural IPO GMP 

The shares of Aluwind Architectural IPO is currently trading at a premium of 6 in the grey market premium (GMP), as per investorgain.com.

According to analysts at investorgain, the lowest GMP of Aluwind Architectural IPO is Re 0, while the highest GMP is 10. This means that the Aluwind Architectural IPO estimated listing price is 51, which is 13.33 per cent more than the IPO price of 45.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

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Published: 02 Apr 2024, 08:06 PM IST
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