Incorporated in 1982, Alumilite Architectural Limited is an infrastructure facilitator offering engineering, installation, designing and fabrication services for the principal elevation of the buildings. The company work for hospitality industries, educational institutes, shopping complex, multistoried real estate projects, SEZ projects,
public utility facilities, entertainment parks, and sports complex for corporate and government projects. With the changing architectural concept in India, the company is working towards providing low maintenance, light, and elegant products to meet the esthetics design and advanced technology requirements. The contracts of the company are built to order basis to make the products based on specifications and requirements of the customers. It also imports many accessories and raw materials to meet the high standard of products demanded by the clients. The manufacturing facility of Alumilite Architectural is located at Bhiwandi, Thane (Mumbai) to offer aluminum virgin, aluminum semi, and aluminum manufactured products made of aluminum and aluminum alloys. Apart from this, the company has its own vehicle to carry fabricated materials, transport glass and profiles without damage.
The competitive strength of the company are:
1. Strong customer base
2. Financial flexibility
3. Advanced technology
4. Experienced manpower and management team
Company Promoters:
Mr. Shivkrishna Harakhchand Damani and Mr. Varun Damani are the promoters of the company.
Company Financials:
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 7,246.79 6,543.09 6,186.12 5,174.76
Total Revenue 1,618.27 3,052.71 3,322.94 2,036.76
Profit After Tax 258.14 282.92 122.96 54.53
Objects of the Issue:
The Objects of the Issue is to raise funds for:
(a) Funding Working Capital Requirement;
(b) Repayment/pre-payment, in full or part, of unsecured loans availed by the Company; and
(c) Funding expenditure for General Corporate Purposes.
Alumilite IPO Details
Issue Open Jun 24, 2019 - Jun 28, 2019
Issue Type Fixed Price Issue IPO
Issue Size 3,828,000 Eq Shares of Rs 10
(aggregating up to Rs 11.48 Cr)
Face Value Rs 10 Per Equity Share
Issue Price Rs 30 Per Equity Share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At NSE SME
Alumilite IPO Promoter Holding
Pre Issue Share Holding 100%
Post Issue Share Holding 64.97%
Alumilite IPO Subscription Status (Bidding Detail)
Alumilite IPO how much subscribed?
Company Contact Information
Alumilite Architectural Limited
5 th Floor, Dhiraj Chambers,
9 Hazarimal Somani Marg,
Mumbai - 400 001
Phone: +91 22 4092 4444
Email: cs.vaibhav@aa-pl.in
Website: http://www.aa-pl.in/
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Although the issue appears reasonably priced due to super profits earned in pre-IPO years, its sustainability raises concern. Cases against the company for tax matters valued at Rs. 15.5 cr. may have a severe impact if it goes against it. Considering these, cash surplus risk savvy investors may consider investment for long term at their own risk.
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