How To Check Aluwind Architectural IPO Allotment Status

Aluwind Architectural IPO has witnessed robust demand during its subscription period from March 28 to April 4. The Aluwind Architectural IPO allotment status is set to be finalised today, April 5.

With an offering of 66 lakh shares, the IPO attracted a subscription of over eight times on the final day of bidding. The retail category saw 3.35 crore share applications, while the non-institutional investors (NII) portion received 1.63 crore shares. Overall, the IPO received 5.13 crore share applications against the offered 66 lakh shares.

If you applied for the IPO, here is how you can check the Aluwind Architectural IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Aluwind Architectural IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Aluwind Architectural" from the dropdown menu.
  3. Enter your PAN, application number, or Demat.
  4. Enter Captcha and click “Search” to retrieve your Aluwind Architectural IPO allotment status.

The Aluwind Architectural IPO allotment status will be visible if all the details are entered correctly and the allotment has been finalised.

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Aluwind Architectural IPO Subscription Status And IPO GMP

The IPO, valued at ₹29.70 crores, consists solely of a fresh issue of 66 lakh shares priced at ₹45 per share. The minimum lot size for the application is 3,000 shares, requiring retail investors to invest a minimum of ₹1.35 lakhs to participate.

The allotment for the IPO is expected to be completed by April 5, 2024, with a tentative listing on NSE SME slated for April 9, 2024. The company has expanded its market presence to various cities across India, reflecting a strong commitment to nationwide customer service.

Corpwis Advisors Private Limited is the book-running lead manager for the IPO, with Skyline Financial Services Private Ltd serving as the registrar. Nnm Securities has been appointed as the market maker.

The SME IPO, which specialises in manufacturing and installing various aluminium products such as windows, doors, curtain walls, cladding and glazing systems, garnered significant interest from investors.

In the grey market premium (GMP), the shares of Aluwind Architectural IPO are trading at a premium of ₹6, indicating an estimated listing price of ₹51, which is 13.33% higher than the IPO price of ₹45.

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Posted In: NewsIPOsAluwind Architectural