Aluwind Architectural Limited manufactures and installs a diverse range of aluminium products. These include windows, doors, curtain walls, cladding, and glazing systems, all meticulously crafted to meet architects, consultants, builders, institutions, and corporations’ unique needs.
IPO Review
| Parameters | Score (0-5) | Comments |
|---|---|---|
| Promotors/Sr. Management & Work Ethics | 3 | Well experienced promotors. No red flags as per the RHP – open criminal proceedings, etc. except a few open tax proceedings. |
| Company Financials | 3 | Good growth is seen in the company’s top-line and bottom-line performance. However the numbers are not consistent. |
| Segment Growth Opportunity | 3 | Very fragmented sector, highly competitive with good growth at sector level. |
| Asking Valuation (compared with Peers) | 4 | Asking PE ~ 15, peers in the range of 20-35x. |
| Lead Manager’s past performance | 3 | This is the first IPO from the Lead Manager. |
| Consolidated Score | 3.3 |
Disclaimer – This is not an investment advice. Nobody has paid us to write this review. This analysis is for education purposes only.

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