Archit Nuwood Industries Limited
IPO Details
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Lot Distribution
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Company Fin.
₹270(100.00%)
Premium (ELP)
Archit Nuwood Industries Limited's completed its IPO journey with a successful listing on BSE on Sep 06, 2023. The public offering mobilized 62,40,000 Shares in total capital, comprising 62,40,000 Shares in fresh equity.
The offering was conducted within the price band of ₹257 to ₹270, with minimum application lots of 400 shares. Investor participation during the Aug 30, 2023 to Sep 03, 2023 subscription window determined the final allocation pattern.
The basis of allotment was announced on Sep 04, 2023, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Archit Nuwood Industries Limited, founded in 2017, is a leading manufacturer of a wide range of MDF (Medium Density Fiberboard) and HDF (High-Density Fiberboard) products. Their product line includes both plain and pre-laminated MDF and HDF boards for interior and exterior use, as well as CARB-compliant panels and stylish High-Pressure Laminates (HPL) in various designs. The company focuses on providing high-quality materials used in interior design and construction projects. With a team of 149 employees (as of April 26, 2024), Archit Nuwood continues to grow with a strong commitment to quality and customer satisfaction.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Strong In-House Manufacturing: Archit Nuwood takes pride in its in-house production setup, which helps maintain strict quality control and ensures smooth and efficient manufacturing of MDF, HDF, and HPL products.
Widespread Dealer Network: The company has built strong relationships with a large network of dealers and clients, helping it reach more customers and strengthen its position in the market.
Wide Product Range: With a diverse selection of MDF, HDF, and HPL options, Archit Nuwood is able to meet the needs of various customers, from interior designers to builders — making it a competitive player in the industry.
Ongoing Legal Cases: Archit Nuwood Industries, along with its promoters and directors, is currently involved in several legal matters. If any of these cases don’t go in their favor, it could affect the company’s reputation, financial health, and overall performance.
GST Penalty Issue: There's a legal dispute related to a GST penalty involving one of the company's promoters. A negative outcome here could significantly impact the company’s finances.
Leased Office Space: The company’s registered office is located on rented premises. If the lease isn’t renewed on good terms, it could create some uncertainty around the continuity of operations.
- Mr. Prem Chand
- Mr.Vinod Kumar Singla
- Mr. Vineet Kumar
Archit Nuwood Industries Limited
Maashitla Securities Private Limited