Aluwind Architectural IPO Allotment Status

Building blocks of the Aluwind Architectural IPO

Aluwind Architectural IPO, amounting to Rs 29.70 crores, comprises a fixed price issue of 66 lakh shares, all of which are fresh shares. Aluwind Architectural IPO commenced its subscription period on March 28, 2024, and concludes today, April 4, 2024. The allotment process for the IPO is anticipated to be completed by Friday, April 5, 2024. As for its listing, Aluwind Architectural IPO is slated to be listed on the NSE SME platform, with a tentative listing date set for Tuesday, April 9, 2024.

The price per share for Aluwind Architectural IPO stands at ₹45, with a minimum lot size requirement of 3000 shares. For retail investors, the minimum investment amount is ₹135,000. On the other hand, High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots, equivalent to 6,000 shares, totaling ₹270,000. Aluwind Architectural IPO has corpwis Advisors Private Limited as their book running lead manager of the, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Aluwind Architectural IPO is Nnm Securities.

How to check allotment status of Aluwind Architectural Ltd IPO?

Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status for the mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can check your allotment status only on the website of the IPO registrar, Skyline Financial Services Private Ltd. Alternatively, if your broker provides you a link to access the allotment status, you can do the same. Here are the steps that you need to follow to check allotment status on the website of the IPO registrar, Skyline Financial Services Private Ltd. The same can typically checked once the basis of allotment is finalized in this case, which will be late on 28thMarch 2024.

Checking the allotment status on Skyline Financial Services Private Ltd (Registrar to IPO)

Visit the Skyline Financial Services Private Ltd registrar website for checking the IPO allotment status by clicking on the link below:

https://www.skylinerta.com/ipo.php

There are three things to remember. Firstly, you can just click on the hyper link given above and directly go to the allotment checking page. The second option, in case you are not able to click on the link, is to copy the link and paste in your web browser. Thirdly, there also a way to access this page via the home page of Skyline Financial Services Private Ltd by clicking on the IPO Allotment Status link displayed prominently on the home page. It all works the same.

Once you go to the main allotment status page of Skyline Financial Services Private Ltd the investors have 2 options. They can either query for the IPO allotment status based on the Application Number or on the basis of a combination of DP ID and Client ID. Here is how you can go about both these options.

•    To Query by Application Number, click on the “Search on Application No.” hyperlink. This will take you to a fresh page with a box provided to input the application number. Here is what needs to be done.

o    Enter the Application Number as it is
o    Enter the 6-digit Captcha Code
o    Click on Submit button
o    Allotment Status gets displayed on screen showing number of shares allotted

•    To Query by DP-ID, click on the “Search on DP-id/Client id” hyperlink. This will take you to a fresh page with 2 boxes provided to input the DP ID and the Client ID in that order. Here is what needs to be done.

o    Enter the DP-ID
o    Enter the Client-ID
o    Enter the 6-digit Captcha Code
o    Click on Submit button
o    Allotment Status gets displayed on screen showing number of shares allotted

Skyline Financial Services Private Ltd offers you the facility to toggle between the two search options of application number and DP id, without going back to the main page. It is a good idea to take  a screenshot of the final output for your records and also for reconciliation with the demat account on the demat allotment date.

There are some basic rules to remember here. The basis of allotment is being finalized on 05thApril 2024, so the investors would be able to access the online allotment status facility, either late on 05thApril 2024 or by the middle of 05thApril 2024. Once you get the online output, you can save a screenshot of the same, so that the same can be later reconciled with the demat credit on April 8, 2024 or later. It would appear on the demat account with ISIN Number.

How Allocation Quota and Subscription Impact basis of allotment?

Here is a quick look at how the allocation was made across different categories of investors in the IPO of Aluwind Architectural ltd at the closed of the IPO on April 4, 2024.

Data Source: NSE

The Aluwind Architectural IPO offers a total of 6.6 million equity shares, with 47.5% allocated to retail investors and an equal share to other investors, including HNIs, corporates, and institutions. Market Makers receive 5% of the offering. The IPO aims to raise ₹29.70 crore, with each category receiving a proportional allocation. This diverse allocation strategy seeks to ensure broad investor participation and support liquidity in the secondary market.
Here is final subscription status of Aluwind Architectural Ltd IPO as at closed on April 4, 2024.

To sum it up, the subscription is very modest, so the chances of allotment in the IPO would be relatively higher. This applies to the retail portion and also to the HNI / NII portion; as the subscription is very modest in both the categories.

Next steps in the IPO of Aluwind Architectural Ltd

With the IPO of Aluwind Architectural Ltd closed for subscription at the end of April 4, 2024, the next piece of action shifts to the finalization of the basis of allotment and later to the listing of the IPO. The basis of allotment will be finalized on April 5, 2024 while the refunds would be initiated on April 8, 2024. The shares of Trust Fintech would be credited to the demat accounts of eligible shareholders by the close of April 8, 2024 while the stock of Aluwind Architectural Ltd is expected to be listed on April 9, 2024. The listing will happen on the NSE SME segment for small companies, which is distinct from the regular mainboard IPO space.

Investors would do well to remember that the level of subscription is very material as it determines the chances of getting allotment. Normally, higher the subscription ratio, lower the chances of allotment and vice versa. In this case, the subscription levels have been very modest in the IPO; both in the Retail segment and also in the HNI / NII segment. Investors in the IPO need to assess their chances of allotment accordingly. The final status will be known once the basis of allotment is finalized and uploaded for you to check. You can apply the above allotment checking process flow after the basis of allotment is finalized.