(i) They are established in the year 1982 and engaged in the current line of business since 1994. The Company is engaged as an infrastructure facilitator by designing, engineering, fabrication, and installation in the principal front of a building by providing a high-quality infrastructure ancillary works including Architectural 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.

(ii) The Company is being promoted by Mr. Shivkrishna Harakhchand Damani who is a technocrat and holds a degree in Bachelor of Engineering from Birla Institute of Technology, Ranchi and has more than 50 years of experience and Mr. Varun Damani who has over 10 years of experience in this industry and holds Bachelor of Commerce from Jai Hind College, Mumbai and Masters in International Business (MIB) from Monash University, Australia.

(iii) Over the years, they have completed more than 62 projects and have reputed clients from all Sectors. Projects ranging from multistoried real estate projects, educational institute, hospitality industries, shopping complex, entertainment park, sports complex, public utility facility, SEZ projects for corporate and government

Promoters And Management:

1. Mr. Varun Damani, aged about 34 years, is the Chairman & Managing Director of our Company. Mr. Varun Damani holds a Masters degree in International Business (MIB) from Monash University, Australia. He has been associated with our Company since 2008 in various positions and his knowledge and management skills have helped us achieve success. 2. Mrs. Prerna V. Damani, aged about 32 years, is the Whole Time Director of our Company. She holds a degree in Bachelor of Hotel Management from Welcomgroup Graduate School of Hotel Administration, Manipal University. She has worked in the position of a Food & Beverage Coordinator & Marketing Associate for Baid Group, Kolkata West Bengal. She is a Member of the Indian Federation of Culinary Associations, Southern Region. She has been associated with our Company since 2014 as the Director of our Company. 3. Mr. Sanjib Chakraborty, aged about 50 years, is the Executive Director & Chief Financial Officer of our Company. He has relevant experience in company project management, Marketing, Financial Management, Accounts, Costing, management, Income Tax Law and Labour Laws. He has the abilities to guide and directing an enterprise and has been operating as the lead point of contact for matters specific to our Company’s accounts.

Financials of Alumilite Architecturals Limited IPO:

a) On falling revenue the company is growing its bottom line from FY17 to FY18 to more than 2x is a cause of concern, as the sector is highly competitive and it is difficult to grow the margins in such a fashion. b) The asking P/E of 10 is reasonable.

Comparison With Peers:

There is no listed player in the market which can be compared with.

Recommendation on Alumilite Architecturals Limited IPO:

Review and Recommendation of Alumilite Architectural Limited IPO from IZ Team are 3/10.

Lead Manager of Alumilite Architecturals Limited IPO:

1. Finshore Management Services Limited

Registrar of Alumilite Architecturals Limited IPO:

1. Bigshare Services Private Limited

Bid Details of Alumilite Architecturals Limited IPO as on
28-Jun-2019 17:00:00 IST

Category	No.of shares offered	No. of shares bid
QIBs + NIIs	1,818,000	2,688,000
Retail Individual Investors (RIIs)	1,818,000	1,244,000
Market Maker Reservation Portion	192,000	192,000
Total	3,828,000	4,124,000

QIBs	No
QIBs+HNIs Subscription	1.48X
Retail Subscription	0.68X
Total Subscription	1.08X