Aluwind Architectural – SME IPO

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
ParametersScore (0-5)Comments
Promotors/Sr. Management & Work Ethics3Well experienced promotors. No red flags as per the RHP – open criminal proceedings, etc. except a few open tax proceedings.
Company Financials3Good growth is seen in the company’s top-line and bottom-line performance. However the numbers are not consistent.
Segment Growth Opportunity3Very fragmented sector, highly competitive with good growth at sector level.
Asking Valuation (compared with Peers)4Asking PE ~ 15, peers in the range of 20-35x.
Lead Manager’s past performance3This is the first IPO from the Lead Manager.
Consolidated Score3.3

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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