Alumilite Architecturals IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Nov 15, 2022Alumilite 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.
Alumilite Architechturals IPO Review & Ratings
| Alumilite Architecturals IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.1/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Alumilite Architechturals IPO
Alumilite 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 / Date | NII | RII | Total Subscription |
| 1st Day – Jun 24 | 0.06x | 0.02x | 0.04x |
| 2nd Day – Jun 25 | 0.08x | 0.04x | 0.06x |
| 3rd Day – Jun 26 | |||
| 4th Day – Jun 27 | |||
| 5th Day – Jun 28 | |||
| Shares Offered or Net Issue | 1,818,000 | 1,818,000 | 3,636,000 |
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.
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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-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 7,246.79 | 6,179.05 | 5,163.71 | 4,955.43 | 4,109.12 | 3,853.25 |
| Total Revenue | 1,618.27 | 3,347.26 | 2,068.84 | 1,898.41 | 1,722.63 | 1,826.56 |
| Total Expense | 3,411.45 | 3,159.12 | 1,990.76 | 1,819.16 | 1,633.12 | 1,720.01 |
| Profit After Tax | 258.14 | 128.18 | 50.28 | 47.61 | 61.13 | 72.15 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic and Diluted | 1.81 | 1.10 | 1.05 |
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:
- Mrs. Prerna V. Damani
- Mrs Manju Shiv Krishna Damani
- Varun Damani
- 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 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/- |
| Equity Shares outstanding prior to the Issue | 71,00,000 Equity Shares of Rs. 10/- each |
| Equity Shares outstanding after the Issue | 109,28,000 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-15 | 1.05 | 5.84 | 815.46 |
| 31-Mar-16 | 1.10 | 9.06 | 317.42 |
| 31-Mar-17 | 1.81 | 30.93 | 350.10 |
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 |
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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
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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