Aluwind Architectural IPO allotment expected today: Steps to check share allocation status

Aluwind Architectural IPO allotment status is likely to be finalised on Friday, April 5. The NSE SME public offer, a fixed-price issue worth ₹29.7 crore, was subscribed more than 8 times during the subscription period between March 28 and April 4.

The IPO of Aluwind Architectural, an aluminium products manufacturer, received bids for around 5.13 crore shares against 62.7 lakh shares on offer, reflecting an overall subscription of 8.2 times.

The public offer, a fresh issue of 66 lakh shares, earmarked 47.50% shares for non-institutional investors (NII) and an equal amount of shares for retail investors.

Retail investors booked their reserved portion 11 times, placing bids for 3.36 crore shares over 31.35 lakh shares offered to them. In the non-institutional investors' category, the issue was bought over 5 times of the allocated portion. NIIs submitted applications for around 1.64 crore shares against 31.35 lakh shares set aside for them.

Following the subscription phase, the focus now is shifted to allotment, credit of shares and listing on the NSE SME platform. Aluwind Architectural is expected to finalise the basis of the allotment of shares today and then refund money to non-allottees of shares in the IPO on Monday, April 8. The company will also credit shares in the demat accounts of successful applicants on the same day.

Investors can check the status of share allotment via NSE website or the portal of IPO registrar Skyline Financial Services Pvt Ltd.

Steps to check the Aluwind Architectural IPO share allotment status on NSE:

• Visit official NSE website at https://www.nseindia.com/
• Complete registration process and log in with ID and password
• Select the company name from the dropdown list of companies
• Enter PAN and application number
• Click on the 'Submit' button

Steps to check IPO share allotment status via Skyline Financial Services Pvt Ltd portal:

• Visit Skyline Financial Services' portal - https://www.skylinerta.com/
• Click on 'Public Issues' tab on home page
• Select company name 'Aluwind Architectural' from the dropdown list
• Provide either Client ID or Application Number or PAN to know status
• Click the 'Search' button and status will be shown.

It’s important to note that the name of the company on the dropdown menu will appear only after the share allocation is finalised. The subscription status and number of shares allotted will be visible to the investors once the company completes the IPO share allotment process.

Aluwind Architectural Ltd shares are tentatively scheduled to get listed on the NSE SME platform on Tuesday, April 9.

What will the company do with IPO proceeds?

Aluwind Architectural will use the IPO proceeds to meet its working capital requirements and general corporate purposes. Corpwis Advisors is the book-running lead manager for the IPO. Nnm Securities serves as the market maker for the Aluwind Architectural public offering.

About Aluwind Architectural Ltd

Set up in 2003, Aluwind Architectural is known for its works in the facade and fenestration industry. The company is into the production and installation of various aluminium products, with a product portfolio comprising curtain walling, windows, doors, cladding and glazing systems.

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