Alumilite Architecturals IPO – Review, Allotment Status, Subscription, Price, Date & more

Alumilite Architechturals is one of the leading company acting as an infrastructure facilitator. Let’s have a detailed review of the company and analytics of the Alumilite Architecturals IPO release date, IPO offer price, subscription, Alumilite Architecturals IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

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Alumilite Architechturals IPO Review & Ratings

Alumilite Architecturals IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Alumilite Architechturals  IPO

Alumilite Architecturals IPOAlumilite Architechturals  is acting as an infrastructure facilitator and established to provide high quality infrastructure ancillary works including Architecturals and UPVC work for Multistoried Real Estate Projects, Educational Institute, Hospitality Industries, Shopping Complex, Entertainment Park, Sports Complex, Public Utility Facility, SEZ Projects for Corporate and Government, etc and to satisfy the customer and market needs, as the demand for light, low maintenance architectural products to suit the design aesthetics and user friendly was on the rise.

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,for the period ended December 31, 2017, FY 2016-17 and FY 2015-16:

  • its revenue from operations was the operating revenue of the Company has increased from Rs 2036.76Lakhs in FY 2015-2016 to Rs 3322.94 Lakhs in FY 2016-2017. The Increase is due to execution of time bound projects in FY 16-17 in Maharashtra and other States.
  • The PAT has increased from Rs 50.28 Lakhs in FY 2015-2016 to Rs 128.18 Lakhs in FY 2016-2017. The increase is due to increase in revenue as compared to previous year.
  • The Other Income of the Company has decreased from Rs 32.08 Lakhs in FY 2015-2016 to Rs 24.32 Lakhs in FY 2016-2017. The decrease is due to decrease in rate of Interest on Fixed Deposit.

The Promoter of this company is Mrs. Prerna V. Damani ,Mrs Manju Shiv Krishna Damani,Varun Damani and Shivkrishna Harakchand Damani. The lead manager to the issue is Mark Corporate Advisors Private Limited and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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    Alumilite Architecturals IPO Date

    The opening and the closing date of IPO of Alumilite Architecturals is Jun 24 – Jun 28, 2019.


    Alumilite Architecturals IPO Subscription

    Day / DateNIIRIITotal Subscription
    1st Day – Jun 240.06x0.02x0.04x
    2nd Day – Jun 250.08x0.04x0.06x
    3rd Day – Jun 26
    4th Day – Jun 27
    5th Day – Jun 28
    Shares Offered or Net Issue1,818,0001,818,0003,636,000

    The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


    Alumilite Architecturals IPO Allotment Status

    The details of allotment of shares made by the company to the public will be updated herein once the company is through with the allotment process. Here, you can find the Allotment Status of this IPO.


    Alumilite Architecturals IPO Price Band

    The face value of each share is Rs 10, but the price band of the IPO is Rs 30. 


    Alumilite Architecturals IPO Equity Share Offering

    38,28,000 Equity Shares of Rs 10/- each at an Issue Price of Rs.30 per share . So it will be aggregated to Rs.11.48 Crores.


    Alumilite Architecturals Limited – Company Overview

    Alumilite Architecturals Limited is acting as a infrastructure facilitator .Company is engaged in the fabrication, erection, commissioning, installation, dealers and importers of all grades, types, shapes and categories work and various new generation (smart) and Greenhouse facility like doors, windows, security doors, unitized structural glazing system, ACP cladding, Stone cladding, Glass facade facility which all are under and essential part of the all above infrastructure projects.

    The promoter of the company are- Mrs. Prerna V. Damani ,Mrs Manju Shiv Krishna Damani,Varun Damani and Shivkrishna Harakchand Damani.

    Competitive Strengths of Alumilite Architecturals Limited:

    • Qualified and experienced management team.
    • Skillled and Dedicated Manpower.
    • Existing customer relationship.
    • Strong financial position and profitability.

    Business strategies of Alumilite Architecturals Limited:

    • Technical Excellence.
    • Optimal Utilization of Resources.
    • Leveraging their Market skills and Relationships.
    • Continue to develop customer relationships.
    • Improving functional efficiency & quality standards.

    Alumilite Architecturals Limited – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakhs)
    31-Dec-1831-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
    Total Assets7,246.796,179.055,163.714,955.434,109.123,853.25
    Total Revenue1,618.273,347.262,068.841,898.411,722.631,826.56
    Total Expense3,411.453,159.121,990.761,819.161,633.121,720.01
    Profit After Tax258.14128.1850.2847.6161.1372.15

     

    Earnings per Equity Share (in Lakhs)

    31-Dec-1831-Mar-1731-Mar-16
    Basic and Diluted1.811.101.05

    From the above statements, one could find that the Alumilite Architecturals Limited may perform well.


    Alumilite Architecturals IPO – Promoters

    The Promoter of this company are:

    1.  Mrs. Prerna V. Damani
    2. Mrs Manju Shiv Krishna Damani
    3. Varun Damani
    4. Shivkrishna Harakchand Damani.

    Interest in promotion of the Company

    Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

    Property Interest

    The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

    Mr. Varun Damani, Chairman & Managing Director and Mrs. Prerna V. Damani, Whole Time Director of our company  deemed to be
    interested to the extent of their remuneration, as per the terms of their appointment and reimbursement of expenses payable to them.

    Interest in Intellectual Rights of the Company

    Promoters has not shown any interest in acquiring the intellectual rights of the company.


    Alumilite Architecturals IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered 38,28,000 Equity Shares of Rs. 10/- each fully paid-up
    of our Company for cash at a price of Rs. 41/-per
    Equity Share aggregating upto Rs.15,69,48,000
     Of which:
     Reserved for Market Makers 1,98,000 Equity Shares of Rs. 10/- each fully paid-up
    of our Company for cash at a price of Rs. 41/-per
    Equity Share aggregating to Rs.81,18,000.
     Net Issue to the Public 36,30,000 Equity Shares of Rs. 10/- each fully paid-up
    of our Company for cash at a price of Rs. 41/-per
    Equity Share aggregating to Rs. 14,88,30,000/-
     Of which:
     Retail Investors Portion 18,15,000 Equity Shares of Rs. 10/- each fully paid-up
    of our Company for cash at a price of Rs. 41/- per
    Equity Share aggregating to Rs. 7,44,15,000/
     Non-Retail Investors Portion18,15,000 Equity Shares of Rs. 10/- each fully paid-up
    of our Company for cash at a price of Rs. 41/- per
    Equity Share aggregating to Rs. 7,44,15,000/-
     Equity Shares outstanding prior to the Issue71,00,000 Equity Shares of Rs. 10/- each
     Equity Shares outstanding after the Issue109,28,000 Equity Shares of Rs. 10/- each

    Alumilite Architecturals IPO Issue Object

    These are the IPO Issue Objects of the company

    • Funding of working capital requirements of the Company
    • General Corporate Purpose
    • Issue Expenses

    Alumilite Architecturals IPO – Basis of the Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    1.  Established brand and image
    2. Comprehensive range of services
    3. Rich Management Experience
    4. Strengths lie in continuously updating and upgrading workforce by virtue of training & development so that
    they can train the customers to acquire new skills, sharpen existing ones, perform better, increase
    productivity and be better leaders in their work place.
    5. Long term relationship with the clients
    6. Quality assurance
    7. Technology driven

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-151.055.84815.46
    31-Mar-161.109.06317.42
    31-Mar-171.8130.93350.10

     


    Alumilite Architecturals IPO Lead Managers

    Lead Managers
    Mark Corporate Advisors Private Limited
    CIN: U67190MH2008PTC181996
    404/1, The Summit Business Bay, Sant Janabai Road,
    Off Western Express Highway, Vile Parle (East),
    Mumbai – 400 057.
    Contact Person: Mr. Manish Gaur
    Tel No.: +91 22 2612 3207/3208
    E-Mail: smeipo@markcorporateadvisors.com
    SEBI Registration No: INM000012128
    Investor Grievance Email:
    investorgrievance@markcorporateadvisors.com

    Alumilite Architecturals IPO Registrar to offer

    Registrar to the Offer
    BIGSHARE SERVICES PRIVATE LIMITED

    1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
    Makwana Road, Marol, Andheri East, Mumbai – 400059
    Tel No.: 022-62638200
    Fax No.: 022-62638299;
    Website: www.bigshareonline.com
    Email: ipo@bigshareonline.com;
    Contact Person: Srinivas Dornala
    SEBI Registration No.: INR000001385


    Other Details:

    • Statutory Auditor – M/s. C. M. Gabhawala & Co.
    • Peer Review Auditor -M/s Mittal & Associates, Chartered Accountants
    • Legal Advisor to the Issue– Alliance Law

    Alumilite Architecturals IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters Reputation
    Angel Broking6.5/106.6/106.6/106.4/106.4/10
    Sharekhan6.7/106.4/106.6/106.1/106.2/10
    Kotak Securities6.7/106.7/106.7/106.4/106.3/10
    ICICI Direct6.6/106.3/106.7/106.5/106.5/10
    IIFL6.4/106.7/106.8/106.4/106.7/10
    Edelweiss6.7/106.4/106.4/106.3/106.7/10
    Zerodha6.5/106.4/106.7/106.4/106.5/10
    5Paisa6.7/106.4/106.3/106.7/106.5/10
    Karvy6.8/106.3/106.7/106.4/106.0/10
    Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

    The ratings would be updated once the financials and the other details of the IPO are released.


    Alumilite Architecturals IPO Grey Market Premium

    The Alumilite Architecturals IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


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      Alumilite Architecturals IPO News

      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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