Aluwind Architectural IPO: SME issue subscribed 1.11 times on day 3; check subscription status, GMP and other details
TAC Infosec IPO last bidding date today: Issue booked over 400 times so far on strong NII, retail demand; check GMP The Aluwind Architectural IPO is offering 6,600,000 shares, with 3,135,000 (47.50%) allocated to Non-Institutional Investors (NII) and another 3,135,000 (47.50%) designated for Retail Individual Investors (RII). The Aluwind Architectural IPO was subscribed over 1.11 times on the third day of bidding. The SME IPO received 73,32,000 share applications against offered 66,00,000 shares on April 2.
The retail category received 54,93,000 share applications, meanwhile, NII portion received 18,39,000 shares, on Tuesday. Also read: Bharti Hexacom IPO: From price band to GMP, here are 10 things to know before subscribing to the issue The Aluwind Architectural IPO is a fixed-price offering amounting to ₹29.70 crores, comprising solely of a fresh issue of 66 lakh shares. The IPO price for Aluwind Architectural fixed at ₹45 per share, with a minimum lot size of 3000 shares per application.
Retail investors need a minimum investment of ₹135,000 to participate. The allotment for the Aluwind Architectural IPO is anticipated to be completed by Friday, April 5, 2024. The IPO of Aluwind Architectural is scheduled to be listed on NSE SME, with a tentative listing date set for Tuesday, April 9, 2024.
The company's market presence has broadened, with its products now available in numerous cities throughout India, such as Mumbai, Pune, Bangalore, and Hyderabad. This showcases a vast outreach and a dedicated commitment to catering to customers nationwide. Also read: 13 IPOs listed in FY24 deliver multibagger returns in the range of 104%-325%; did you invest? Corpwis Advisors Private Limited serves as the book running lead manager
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