Aluwind Architectural makes flat debut on D-Street

The IPO, which was completely a fresh equity issue of 66 lakh shares, received a decent subscription of nearly 8 times at close.

The net proceeds from the public offer will be used for working capital requirements and general corporate purposes.

With an operating history spanning over years, the company commenced its business operations as a family venture. Currently, it operates in the segment of manufacturing and installing a diverse range of aluminum products.

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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.

Operating from a 45,000-square-foot facility in Pune, 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. Specialized machines, such as a two-part pump for glazing, contribute to the company's unique offerings.

On the backing of this infrastructure, the company has successfully expanded its market presence, with products sold in cities across India.

For the period ended September 2023, the company clocked revenues of Rs 41.42 crore and net profit of Rs 3.72 crore.

Corpwis Advisors acted as the lead manager to the issue and Skyline Financial Services was the registrar.