Aluwind Architectural IPO Subscribed 8.19 times

About 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.

Read more about Aluwind Architectural IPO

Aluwind Architectural IPO Subscription Status

Aluwind Architectural IPO subscribed 7.90x. The public issue subscribed 10.17x in the retail category, times in QIB, & 5.18x in the NII category by April 4, 2024 6:00:00 PM.

The subscription data for the IPO indicates strong demand and investor interest across all categories.

Market makers subscribed for their entire allocation, while Non-Institutional Buyers (NIIs) and Retail Investors showed significant oversubscription rates of 5.23 times and 10.71 times, respectively.

Overall, the IPO received robust demand, with a total subscription rate of 8.19 times and 11,195 applications received. This suggests widespread investor confidence and anticipation for the offering.

Aluwind Architectural IPO Allocation Quota for Various Categories

Data Source: NSE

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.

Aluwind Architectural IPO Subscription Details 

The Key Takeaways are:

- The subscription details for each day of the Aluwind Architectural IPO show a gradual increase in interest and oversubscription.

- While there was moderate interest initially, both non-institutional and retail investors showed growing enthusiasm as the IPO progressed.

- By the final day, there was significant oversubscription from both investor categories, indicating strong demand for the IPO.